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<br /> . 28058-THFAU605TINEC0.6PAND 1l111MD,NEBR. � .
<br /> NE�3RASKA
<br /> State of Nebraska, )�s.
<br /> Coun�y of Ha11 ) On �his 23 day of May, 1950, before me a notary public in
<br /> and for said county personally came the above named James
<br /> S. Morton who is personally known to me to be the identical person �hose name is affix�d
<br /> to the above ins'Gru.ment as grantor and he acknowledged said instrument to be his voluntary
<br /> act and deed. Witnees my hand and notarial seal, the date last aforesaid.
<br /> (SEAL) Lucile J. Luk�sh
<br /> My commission expires on the 15 day of July, 1q,�5 Notary Pub�ic
<br /> Filed for record this 23 day of May, 1950, �a. t 3 :15 0� clock P.M.
<br /> RE���-�✓
<br /> OF DEEDS
<br /> 0-0-Q-0-Q-0-0-0--0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-U--0-0-0-0-0-0-0-0-0-0--0-0-0-0-0-0-0
<br /> SEVERANCE AGREEMENT
<br /> CL-37
<br /> U. S. Department of Agrieultur�
<br /> Produetion a.nd Marketing Administration
<br /> Commodity �red3.t Corporat3.on '
<br /> SEVER.ANCE AGREEMENT �
<br /> (Farm Storage Program)
<br /> WHEREAS Leo C�,veny of Wood River, County of Ha11, State of Nebraska hereinafter called
<br /> the"borrower" , ha� appl3.ed to the Commodity Credit Corpvasa�ion for a loan or for the
<br /> guarantee of a loan for the purpose of purchasing and erecting or constructing the
<br /> follow3.ng storage struc�ures to w3.t: �
<br /> Type Kind (Wood, Stee1,_ etc.) Capaci'Gy in Bushel�
<br /> Small Grain Steel 2000
<br /> on the f ollowing descrlbed real estate 5ituated in tY� County of Ha11 S�ate of Nebraska:
<br /> on the
<br /> W2 of tne NW� of Sect�.on 16 Township 10 Range 17.
<br /> and whereas tne borrower has agreed to give Commodity Credit Corporation or its approved
<br /> lending agency a mortgage lien on said storage structure;
<br /> Now, �herefore, the parties hereto do covenant and agree that such struetures and
<br /> eq�ipment :
<br /> 1. sha11 remain severed from said real e�tate; and,
<br /> 2. even if attacned to the rea.lty, sh.all re�a,�.n their p�rsonal eharacter, sha11
<br /> be removable from the real estate, shall be trea�ed as personal property with
<br /> respect to the rights of the parties, and �ha11 not become f lxtures or a part
<br /> of the real e5tate; and,
<br /> 3. Shall not be aub�ect to the lien of any securi'�y transaction or ins�rument
<br /> a heretofore or hereafter arising against the struc'�ure or realty on which it is �
<br /> n� pl.aced, until,
<br /> V r � _
<br /> (a) the expiration of Commodity �redit Corporat3.on' g lien and any
<br /> � extension or renewal thereof; and,
<br /> �, (b) un�3.1 repayment of said 1oan.
<br /> �' Leo Caveny James S. Morton
<br /> � Borrower Member, Caunty Agricultural
<br /> ConservatioM Comm3.tt�e
<br /> NEBRASKA
<br /> State of Nebraska, )SS.
<br /> � County of Ha.1.l ) On th�.s 23 day of May, 1950, befo�e me a notary public in and
<br /> for said county personally came the above named �er�C�veny who
<br /> ig per�onally known �o me to be the identieal person whose name is affixed '�o the above
<br /> instrument as grantor and he acknowledged said instrument to be his voluntary act and
<br /> deed. Witness my hand and notarial sea.l., the date last af oregaid.
<br /> (SEAL) Lucile J. Luke�h
<br /> My commis�ion ex�ires on the 15 day of July, 1950. Notary Public,
<br /> NEBRASKA
<br /> Sta'�e of Nebraska, )S�.
<br /> County of Ha11. ) On this 23 day of May, 19,�0, before me a not�,�y public in and
<br /> f ar �aid county personally eame the above named Jame� S. Mor'�on,
<br /> who 3.s pergonally known to me to be the identical person whose na,me is affixed to the
<br /> above ins�rument as grantor and he ackr�owledged said instrument to be h�.s voluntaxy act
<br /> and deed. Witness my hand and notarial sea1, �he date last af oresaid.
<br /> (SEAL) Lucile J. Lukesh,
<br /> Notary Public,
<br /> My eomm�.ssion expire� on the 15 day of July, �.955•
<br /> F�.led for record this 23 day of May , 1950, at 3 :15 0� clock P.M..
<br /> /Y �,.,.� C C'��,
<br /> ISTER OF DEEDS
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