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COMMODITY CREDIT' V. S. DEPARTMENT OF AGRICIlLTU <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />161 -561 'COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STZ!' A I COU NTY <br />SERIAL N0.�� -( <br />• r r <br />Wherea of �� � �• ��� <br />NAME Of 9ORRO ) (ADDRESS) <br />,Gounpy of ,:State of- <br />_Jwreinafterl called the "Borrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan for the purpose <br />*rchas-ing and erecting or constructing the following storage structure, to -wit: <br />TYPE <br />KIND (WOOD. STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />r /A`�_ <br />on the.foT ` 'ng.d cribed Yea estate situated in the County of ...................... <br />'State of t. yen the of the of Section <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lien on said storage structure: <br />Now, therefore, the parties hereto do covenant and agree that such structures and equipment: <br />J. Shall remain severed from said real estate, and, <br />2. Even if attached to the realty, shall retain their personal character, shall be removable from the real estate, shall be <br />treated as personal property with respect to the rights of the parties, and shall not become fixtures or a part of the <br />Teal estate; and; <br />3. Shall not be subject to the lien of any security transaction or instrument heretofore or hereafter rising against the <br />structure or,realty on which it is placed,,unti , <br />(a) The expiration of Commodity Credit Corporation's lien and. any extension or renewal thereof; and, <br />(b) Until repayment of said loan. <br />4. Shall, if acquired by Commodity Credit Corporation through foreclosure or other means, at the option of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six (6) months after the <br />date of acquisition by Commodity Credit Corporation at no expense to Commodity Credit Corporation. <br />In witness whereof, the undersigned have executed these presents on the dates immediately below their re- <br />spective signatures: <br />I I ' <br />(SIGNATURE OF BOORR WER) (OWNER OR LIENHOLDER <br />BATE ' I `� DATE <br />(SIGNATURE OF BORROWERS SPOUSE) (OWNER OR LIENHOLDER <br />DATE DATE <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />fl <br />
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