Instructions For CCC-297

SEVERANCE AGREEMENT

This form is used to sever collateral, which is affixed to real estate, from applicable real estate law. This allows CCC to remove collateral in the event of foreclosure without interference from real estate lien holders and owners.

Lienholders and anyone having a security interest in the real estate underlying Farm Storage Facility Loan collateral complete this form. Obtain unknown information from the FSA County Office.

The subordinating lender signs the completed form. Submit the original of the completed form in hard copy to the appropriate FSA servicing office. DO NOT FAX.

Items (a) through (o) are completed by the Lienholders.

Fld Name / Item No.	Instruction
(a) Name of Borrower	Enter name of borrower.
(b) Name of Co-Borrower	Enter the name of the co-borrower, if applicable.
(c) Town or City of Residence	Enter the town or city where the borrower(s) are located.
(d) County of Residence	Enter the county where the borrower(s) are located.
(e) State of Residence	Enter the State where the borrower(s) are located.
(f) Description of Collateral Affixed to Real Estate	Describe the Farm Storage Facility Loan collateral that is affixed to real estate.
(g) Legal Description of Real Estate Collateral is Affixed To	Enter the legal description of real estate the collateral is affixed to.
(h) Day of Month Agreement Executed	Enter the numeric day of the month the agreement is executed.
(i) Month Agreement Executed	Enter the month the agreement is executed.
(j) Year Agreement Executed	Enter the year the agreement is executed.
(k) Name of Corporate (Mortgagee) (Owner)	If a corporation holds an interest in the real estate, enter the name of the corporation. Cross out mortgagee or owner, as applicable. Mortgagee includes holder of any type of real estate lien.
(l) Signature of Duly Authorized Officer	Enter the signature of duly authorized officer of the corporation. If you are mailing this form, print the form and manually enter your signature.
(m) Title of Duly Authorized Officer	Enter the title of the duly authorized officer of the corporation.
(n) Individual (Mortgagee) (Owner)	Cross out either mortgagee or owner, as applicable, and enter signature. "Mortgagee" includes holder of any type of real estate lien.
(o) Individual (Mortgagee) (Owner)	Cross out either mortgagee or owner, as applicable, and enter signature. "Mortgagee" includes holder of any type of real estate lien.
Corporate Seal	Affix corporate seal if a corporation holds an interest in the real estate.
*Items (p) through (w) are to be completed by a Notary Public.*
(p) - (w) Acknow-ledgement	Have the form notarized by a Notary Public. The Notary shall enter: Item (p). Enter the State where the Notary Public is licensed. Item (q). Enter the County where the transaction is being notarized. Item (r). Enter the day the document is notarized. Item (s). The month the document is notarized. Item (t). The year the document is notarized. Item (u). The name(s) of the person(s) who appeared before the Notary. Item (v). The Notary Public's seal or stamp. Item (w). The date the Notary Public's commission expires.

Fld Name /
Item No.

Instruction

(a)

Name of Borrower

Enter name of borrower.

(b)

Name of Co-Borrower

Enter the name of the co-borrower, if applicable.

(c)

Town or City of Residence

Enter the town or city where the borrower(s) are located.

(d)

County of Residence

Enter the county where the borrower(s) are located.

(e)

State of Residence

Enter the State where the borrower(s) are located.

(f)

Description of Collateral Affixed to Real Estate

Describe the Farm Storage Facility Loan collateral that is affixed to real estate.

(g)

Legal Description of Real Estate Collateral is Affixed To

Enter the legal description of real estate the collateral is affixed to.

(h)

Day of Month Agreement Executed

Enter the numeric day of the month the agreement is executed.

(i)

Month Agreement Executed

Enter the month the agreement is executed.

(j)

Year Agreement Executed

Enter the year the agreement is executed.

(k)

Name of Corporate (Mortgagee) (Owner)

If a corporation holds an interest in the real estate, enter the name of the corporation. Cross out mortgagee or owner, as applicable.

Mortgagee includes holder of any type of real estate lien.

(l)

Signature of Duly Authorized Officer

Enter the signature of duly authorized officer of the corporation. If you are mailing this form, print the form and manually enter your signature.

(m)

Title of Duly Authorized Officer

Enter the title of the duly authorized officer of the corporation.

(n)

Individual (Mortgagee) (Owner)

Cross out either mortgagee or owner, as applicable, and enter signature.

"Mortgagee" includes holder of any type of real estate lien.

(o)

Individual (Mortgagee) (Owner)

Cross out either mortgagee or owner, as applicable, and enter signature.

"Mortgagee" includes holder of any type of real estate lien.

Corporate Seal

Affix corporate seal if a corporation holds an interest in the real estate.

Items (p) through (w) are to be completed by a Notary Public.

(p) - (w)

Acknow-ledgement

Have the form notarized by a Notary Public. The Notary shall enter:

Item (p). Enter the State where the Notary Public is licensed.

Item (q). Enter the County where the transaction is being notarized.

Item (r). Enter the day the document is notarized.

Item (s). The month the document is notarized.

Item (t). The year the document is notarized.

Item (u). The name(s) of the person(s) who appeared before the Notary.

Item (v). The Notary Public's seal or stamp.

Item (w). The date the Notary Public's commission expires.