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13 <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STATE COUNTY <br />SERIAL NO. <br />,f f-4 Y--'O- -s-, 6 <br />WHEREAS, KJt31J/i (GG `ice OG� __LZ OF <br />NAPE OF BORROWER) (ADDRES� <br />_ <br />COUNTY .Of_ _. J __., STATE;OF _...HEREINAFTER CALLED THE <br />40?ROWER" HAS APPLIED TO THE COMMODITY CREDIT CORPORATION FOR A LOAN OR FOR THE GUARANTEE OF A LOAN FOR <br />THE PURPOSE OF PURCHASING AND ERECTING OR CONSTRUCTING THE FOLLOWING STORAGE STRUCTURE, TO -WIT: <br />FA <br />ON THE FOLLOWING DESCRIBED REAL EST 9 TE SITUATED IN THE COUNTY OF <br />STATE OF . _� �_! ON 1HE OF THE .wlSy -. _ OF ^ <br />SECTION _, TOWNSHIP ZI6 RANGE <br />AND, <br />WHEREAS THE BORROWER HAS AGREED TO GIVE COMMODITY CREDIT CORPORATION OR ITS APPROVED LENDING AGENCY A <br />MORTGAGE LIEN ON SAID STORAGE STRUCTURE: <br />NOW, THEREFORE, THE PARTIES HERETO DO COVENANT AND AGREE THAT SUCH STRUCTURES AND EQUIPMENT: <br />Ti. SHALL REMAIN SEVERED FROM SAID REAL.ESTATE, AND) <br />29 EVEN IF ATTACHED TO THE REALTY, SHALL RETAIpI THEIR PERSONAL CHARACTER, SHALL BE RE11OVABLE FROM <br />THE REAL ESTATE SHALL BE TREATED AS PERSONAL PROPERTY WITH RESPECT TO THE RIGHTS OF THE <br />PARTIES, AND SHU NOT BECOME FIXTURES OR A PART OF THE REAL ESTATE; AND, <br />4o SHALL NOT BE SUBJECT TO THE LIEN OF ANY.SECURITY TRANSACTION OR INSTRUMENT HERETOFORE OR HEREAFTER <br />RISING AGAINST THE 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 />49 SHALL }� IF ACQUIRED BY COMMODITY CREDIT CORPORATION THROUGH FORECLOSURE OR OTHER MEANS AT THE <br />011"A OF THE C01- 1-IOD ;TY CREDIT CORPS, ATION REMAIN ON THE ABOVE DESCRIBED REAL ESTATE FOR A PERIOD <br />NOT TO EXCEED SIX (6) MONTHS AFTER 711E DATE OF ACQUISITION BY COIMODITY CREDIT CORPORATION AT NO <br />EXPENSE TO COMMODITY CREDIT CORPORAiION. <br />IN WITNESS WHEREOF, THE UNDERSIGNED HAVE EXECUTED THESE PRESENTS ON THE DATES IMMEDIATELY BELOW THEIR <br />RESPECTIVE SIGNATURES: <br />Is <br />(OWNER OR LIENHOLDER) <br />... DATE <br />(OWNER OR LIENHOLDER ) <br />DATE ---.• <br />
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