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�VZ <br />VDMMODITY''+CREDI`.T U. S. DEPARTMENT OF 'AGRICULTURE <br />ST E " =. <br />CORPORATION 'FO"RM 297 COMMODITY STABILIZATION SERVICE. <br />(6.1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />SERI "` "m. <br />lor D a+- Q <br />Whereas, of <br />ORROWER') (ADDRESS) . <br />County of - State 6r ereinafter called they "'Borrower" <br />has applied .to ehe Commodity Credit Corporation for a loan or for the guarantee of a loan for they urpose <br />'purchasing and erecting or constructing the following storage structure, to =wit: <br />TYPEVIL KIND h7ooD. STEEL. CAPACITY (BU SHF45nOR T S) <br />too', <br />*.•; -- <br />on the fol des ibed real state situated in t#le! County of—: <br />Stater of the S of the of Section <br />/`7 , Tewnship <br />_._Ran.-e <br />and, <br />Whereasr.the,+orrower 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 />1. 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 />real .estate; and,, _.._..._ . <br />3. Shall no't•be subject to the lien ofany security transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, until, <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 opption 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 />Tail, NORMTE STERN MTJ LIFE TKSURANCE C01- 'd?1IPf <br />(SIGN TURE BORR W (OWNER IENHOLD ) <br />/ /, F. E. Ferguson �� _ager:Varm Mortgages <br />�D 3-9/00 <br />DATE C v DATE Nove <br />Yv' <br />' (SIGNATURE OF BORROWERS SPOUSE) (OWNER OR LIENHOLDER) <br />DATE DATE <br />CU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />�VZ <br />