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COMMODITY CREDIT S. DEPARTMENT AGRICULTURE, sT - couN G C CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE 16- 1-56) COMMODITY CREDIT T CORPORATION CORPORATION SEVERANCE . AGREEMENT SERIAL " °' Whereas, NAME BORROWER) ( DRESS).: County of State of. '` hereinafter called the "Borrower" has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan for the purpose purchasing and erecting or constructing the following storage structure, to -wit: I Ir on the folio n de cribed.rea estate situated in tip County of State of on the & of the of Section Township . 1 /. _Range -___ and, Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- gage lien on said storage structure: Now, therefore, the parties hereto do covenant and agree that such structures and equipment: 1. Shall remain severed from said real estate, and, 2. Even if attached to the realty, shall retain their personal character, shall be removable from'the real estate, shall be treated as personal property with respect to the rights of the parties, and shall not become fixtures or apart of the real estate; and, 3. Shall not be subject to the lien of any security' transaction or.instrument heretofore or hereafter rising against the structure or realty on which it is placed, until, (a) The expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, (b) Until repayment of said loan. 4. Shall, if acquired by Commodity Credit Corporation through foreclosure or other means, at the option of the Commod- ity Credit Corporation remain on the above described real estate for a period not to exceed six (6) months after the date of acquisition by Commodity Credit Corporation at no expense to Commodity Credit Corporation. In witness whereof, the undersigned have executed these presents on the dates immediately below their re- spective signatures: c (S NATURE OF BORROWER) DATE 1--6-66- -6 6 'vY ( WNER OR LIENHOLDER) DATE — O (SIGNATURE OF BORROWERS SPOUSE) �y - OWNER OR LI ENHOLDER) 'DATE b� — DATE -- *U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 KIND (WOOD. !l I Ir on the folio n de cribed.rea estate situated in tip County of State of on the & of the of Section Township . 1 /. _Range -___ and, Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- gage lien on said storage structure: Now, therefore, the parties hereto do covenant and agree that such structures and equipment: 1. Shall remain severed from said real estate, and, 2. Even if attached to the realty, shall retain their personal character, shall be removable from'the real estate, shall be treated as personal property with respect to the rights of the parties, and shall not become fixtures or apart of the real estate; and, 3. Shall not be subject to the lien of any security' transaction or.instrument heretofore or hereafter rising against the structure or realty on which it is placed, until, (a) The expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, (b) Until repayment of said loan. 4. Shall, if acquired by Commodity Credit Corporation through foreclosure or other means, at the option of the Commod- ity Credit Corporation remain on the above described real estate for a period not to exceed six (6) months after the date of acquisition by Commodity Credit Corporation at no expense to Commodity Credit Corporation. In witness whereof, the undersigned have executed these presents on the dates immediately below their re- spective signatures: c (S NATURE OF BORROWER) DATE 1--6-66- -6 6 'vY ( WNER OR LIENHOLDER) DATE — O (SIGNATURE OF BORROWERS SPOUSE) �y - OWNER OR LI ENHOLDER) 'DATE b� — DATE -- *U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699