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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(1511 -56) COMMODITY CREDIT CORPORATION <br />Whereas <br />SEVERANCE AGREEMENT <br />NAPE OF BORROWER <br />of <br />ERIAL N0. <br />- � -o <br />T(ADDRES <br />COLIN <br />County of State of�� reinafter 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 />CAPACITY (BUSHELS OR TONS) <br />on the following described real estate situated in th County of <br />State of _. ---:on the Z of the y of Section <br />Township Range <br />T , -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. Fven 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 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 eypiration 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 W 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 />SIG. ATURE <br />DATE tL/ <br />(SIGNATURE OF ORROW R SPOUSE) <br />DATE _ —_- ! — �% <br />i <br />(OWNER OR LIENHOLDER) <br />�. E C� <br />DATE _ <br />4. <br />(OWNER OR LIEENHOLDER) <br />DATE�,� <br />*!J. S. GOVERNMENT PRINTING OFFICE: 1958 O - 1.90699 <br />