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<br /> COMMODITY CREDIT COPORATION 'STATE ' O'.'IUNTY
<br /> FORM 297 (Rev. 10-14■55) ' Nebraska ' Hall
<br /> --1TERTAC-N0:--''
<br /> . U. S. DEPARTMENT.Of AGRICULTURE ' 48-040-84
<br /> AGRICULTURAL STAGttTiATION AND CONSERVATION
<br /> . COMMODITY CREDIT CORPORATION -
<br /> SEVERANCE AGREEMENT
<br /> aHEitEAS, J. Ervin Rtnbarl,7er OF 3182 N. Locust, Grand Island, Nebraska
<br /> (NAME OF BORROWER) . DDRESS
<br /> COUNTY OF Hall , STATE OF Nebraska HEREINAFTER CALLED THE NBORROWER" HAS
<br /> APP4,IED,T0, THE COM.ODITY CREDIT CORPORATION FORA LOAOR"AN FOR THE GUARANTEE OF A LOAN FOR THE PURPOSE OF
<br /> PURCHASING AND ERECTING OR CONSTRUCTING THE FOLLOWING STORAGE STRUCTURES, TO-WITS
<br /> TYPE KIND (WOOD. STEEL. ETC.). CAPACITY (BUSHELS OR TONS) :
<br /> 1 - Caen Crib Bahian Steel 1500 bu.
<br /> 16`6 x 16' . .
<br /> ON THE FOLLO':,IN�TG DESCRIBED REAL ESTATE SITUATE IN THE COUNTY OF Hall
<br /> STATE OF a r-a kgiwa.�.m ON THE NWT OF THE�� W 1/4 OF SECTION 21 •
<br /> ll TOWNSHIP RANGE �4
<br /> AND WHEREAS THE BORROWER HAS AGREED TO GIVE COMMODITY CREDIT CORPORATION OR ITS APPROVED LENDING AGENCY
<br /> A MORTGAGE LIEN ON SAID STORAGE STRUCTURES '
<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 t""'
<br /> REAL ESTATE, SHALL BE TREATED AS PERSONAL PROPERTY WITH RESPECT TO THE RIGHTS OF THE PARTIES, AND
<br /> SHALL NOT BECOME'.FIXTURES OR A PART OF THE REAL ESTATE, AND,
<br /> 3. SHALL NOT BE SUBJECT TO THE LIEN OF ANY SECURITY TRANSACTION OR INSTRUhLENT HERETOFORE OR HEREAFTER As
<br /> RISING AGAINST THE STRUCTURE OR REALTY ON hHICH IT IS PLACED, UNTIL,
<br /> (A) THE EXPIRATION OF COI❑i,,ODITY CREDIT CORPORATION'S LIEN AND ANY EXTENSION OR RENEWAL THEREOF,AND Q
<br /> B UNTIL REPAYh.ENT OF SAID LOAN, AND,
<br /> 4. IF ACQUIRED BY COMMODITY CREDIT CORPORATION THROUGH FOREC OSURE OR.OTHERWISE, SUCH STRUCTURES AND
<br /> EQUIPMENT SHALL, AT THE OPTION OF COMMODITY CREDIT CORPO ATION, REMAIN ON THE REAL ESTATE DESCRIBED
<br /> ABOVE FOR A PERIOD NOT TO EXCEED SIX MONTHS FROM THE E OF VESTING OF TITLE TO THE STRUCTURES 6\
<br /> AND EQUIPMENT IN COMMODITY CREDIT CORPORATION, AT N EXPENSE TO CO„MODITY CREDIT CORPORATION. 6N
<br /> SNATURRROWER tsNER OR LlENHO A�''y� �e` "'DATE
<br /> AM L_. - 0 ..
<br /> SIGNATURE 0 BORROR ''S SPOUSE f (DINER OR LIENHOLDER)
<br /> DATE DATE
<br /> STATE OF NEBRASKA
<br /> SSs
<br /> ✓COUNTY OF -/-e..--'
<br /> On this ,/7 - day of ,x 19-E4r'bef as a•N- otafy Public in and for said Bounty
<br /> persogall.,hame the above-named - _a..y.-i ..--,4/,./)...,-., ,,M4'-litt-lilersonally known to me to be the
<br /> 14141e ' o0 whose name Is (fixed *6 the above instrument as Grantor and he acknowledged said
<br /> Ri^ hie voluntary act and-deed. Witness my hand and notarial seal, the date last aforesaid.
<br /> VIr'qh
<br /> •'(, O osiVtA 141.RxpTres on the -� day of �sr,,.,.1....., 19.. 'Z.
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