Laserfiche WebLink
COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE ST 64E COON <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(61 -561 COMMODITY CREDIT CORPORATION /! <br />SEVERANCE AGREEMENT <br />4 <br />SERIAL N0. <br />Whereas, rCt 4 of <br />' -E F BORROWER) (ADDRESS) - � <br />County of late 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 />CAPACITY (BUSHELS OR TONS) <br />© (/ <br />/ —� W1 <br />O <br />u <br />on the - followi described real estate situated in the County of <br />State of :on the l7 bf the & <br />2 4 of Section <br />— - 69 , Toa)nship ?ange /Z <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 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 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 M 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 />(SIGNATURE OF BORROWER) <br />DATE_ 'V' l <br />(SIGNATU OF BORROWERS SPOUSE) <br />DATE �� 0 <br />r <br />(OWNER OR LIENHOLDER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />