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COMMODITY CRED'T U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE ^ <br />16 -t -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />Whereas <br />of <br />SERIAL NO - -�� ) <br />ti 0 , 77 it <br />ME F. BORROWER) (ADDRESS) <br />County of. � —� State of hereinafter 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 />purchasing and erecting or constructing the following storage structure, to -wit: ` <br />TYPE <br />KIND (WOOD. STEEL. ETC.) <br />CAPACIIY"(IBUSHELS OR TONS <br />.1 <br />on the foily}�ng4 described re 1 estate situated in the County of <br />State of -e!? :on the of the of Section <br />C J , Tawnsllzp �. Range <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 />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 pf the. parties, and shall not become fixtures or a part of the <br />real 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, 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 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 />r <br />In witness whereof, the undersigned have executed these presents on the dates imnedi ate lwl°iow ` t},6ir r� , <br />spective signatures: <br />JOHN HANCOCK MUTUAL LT /DURANCE COMPAN 'n-, <br />(2 <br />(0 N R 0 LI <br />(SIGNATURE Or B RROWER) oC ) <br />(E. 'C. Rand) �� tant Treas�� <br />DATE �� / `� z�$( �a of Mnrtffaxrea r 2,41iryan in�l�5 <br />page 189, Hall County�lc ��a`- e6r�skaj <br />(SIGNATURE OF %BORROWERS SPOUSE) <br />i � <br />November Z 1960 <br />DATE DATE <br />CU. 5, GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />
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