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COMMODITY CREDIT COPCRATION 'STATE ' OQUNTY FORM 297 (Rev. 10-14-55) :Nebraska , Hall U. S. DEPARTMENT OF AGRICULTURE 1 sEili 14 . ' AGRICULTURAL STABILIZATION AND CONSERVATION COMMODITY CREDIT CORPORATION SEVERANCE AGREEMENT 41!E-tEAS, Forrest B. Smith OF Fel, Grand Island, Nebraska (NAME OF BORROWER) DORESS COUNTY OF Hall , STATE OF Nebraska HEREINAFTER CALLED THE "BORROWER" HAS APPLIED TO THE COMmODITY CREDIT CORPORATION FOR A LOAN OR FOR THE GUARANTEE OF A LOAN FOR THE PURPOSE OF PURCHASING-AND ERECTING OR CONSTRUCTING THE FOLLOWING STORAGE STRUCTURES, TO-WIT: TYPE KIND (WOOD. STEEL. ETC.) CAPACITY (BUSHELS OR TONS) 1 — corn crib Behlen Steel 1500.0 bu. 162.x. rttam, 15: ht. . ON THE FOLMING. DESCRIBED REAL ESTATE SITUALID IN THE COUNTY OF Hall STATE QF 1NebraslkSSa ON THE VWY OF /HE S I/4 OF SECTION !! , TO'r.NSHIP .'RANGE 7 AND idHEVEQS THE BORRb'ER HAS AGREED TO GIVE COMMODITY CREDIT CORPORATION OR ITS APPROVED LENDING AGENCY A MORTGAGE LIEN ON SAID STORAGE STRUCTURE:. ._ NOW, THEREFORE, THE PARTIES HERETO DO COVENANT AND AGREE THAT SUCH STRUCTURES AND EQUIPMENT: I. 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 1. SHALL NOT BECOME FIXTURES OR A PART 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 nHICH IT IS PLACED, UNTIL, (A) THE EXPIRATION OF COtr�„�OOITY CREDIT CORPORATION'S LIEN AND ANY EXTENSION OR RENEWAL THEREOF,AND (B UNTIL REPAYhENT OF SAID LOAN, AND, .._. 4...IF ACQUIRED.BY COMMODITY CREDIT CORPORATION THROUGH FORECLOSURE OR OTHERWISE, SUCH STRUCTURES AND EQUIPMENT SHALL, AT THE OPTION OF COMMODITY CREDIT CORPORATION, REMAIN ON THE REAL ESTATE DESCRIBED ABOVE FOR A PERIOD NOT TO EXCEED SIX MONTHS FROM THE DATE OF VESTING OF TITLE TO THE STRUCTURES AND-EjQUUIIPM�ENT. /INNCCOMdMODITY CREDIT C/(ORPORATION, AT NO EXPENSE TO C00MOOITY CREDIT CORPORATION...Z.,...t7t-' , V/ 1 GNATURE OF BORROWER / (OWNER OR LIENHOLDER) 4 DATE , -Trl 2 -�c.AJ , /f4...... .4--- DATE t _. IGN'TORE OFJBORROWER S SPOUSE (OWNER OR LIENHOLDER) .1 pJfie°` "�� 4, 'Z // / DATE STATE Of,NEBRASkA SS: COUNTY OF 'r ` `i . ,,,Ai Oa titb, day of- I. `, 1x9 before me a Notary Public in and for said.Bounty $eskga!4$1 .eAre"i ...above-named A1,li'J1'?'«,. if:__ . , " is personally known to me to be the '' 044M1901-'R�rsplp'whose name is affixed to ` e wove instrument as - tor and he aeknowledged said j:ysaen `tp.tre his voluntary act and deed. Witness my hand and notarial seal, the date last aforesaid. My"bommission expires on the I'Y day of y r4_di ,, 19 AZ ✓// ,, _ ..-...._ •tary Public ..?sy