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P COMJ.ODITY CREDIT COPORATION 'STATE . ' OOUNTY FORM 297 (Rev. 10-14-55) *Nebraska I Hall 'SERIAL NO. ' U. S. DEPARTMENT OF AGRICULTURE * 48-040-83 �`n••.• AGRICULTURAL STABILIZATION AND CONSERVATION COhuAODITY CREDIT CORPORATION SEVERANCE AGREEMENT aHE;:EAS, August Niedfelt OF Route #2 Grapd Island. Nebraska (NAME OF BORR06ER) DDRESS COUNTY OF Hall , STATE OF Nebraska HEREINAFTER CALLED THE 'BORROWER' HAS APPLIED TO THE COMmODITY CREDIT CORPORATION FOR A71517757171MHE GUARANTEE OF A LOAN FOR THE PURPOSE OF PURCHASING AND ERECTING OR CONSTRUCTING THE FOLLOAING STORAGE STRUCTURES, TO-WIT* TYPE KIND (W000. STEELc ETC.) CAPACITY (BUSHELS OR TONS) 2 - Ear Corn Cribs Behlen Steel 1500 bu. each , re- ON THE FOLLO:.ING DESCRIBED REAL ESTATE SITUATED IN THE COUNTY OF Hall 4= STATE OF Nebraska ON THE OF THE NE I14 OF SECTION _, ' 35 , TOP 11:NSHIP RANGE 9 -�— AND.WHEREAS THE BORROWER HAS AGREED TO GIVE COiw.:ODITY 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* : ' 37_ I. SHALL REMAIN SEVERED-FROM SAID REAL ESTATE, AND, 4 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 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 .HICH IT IS PLACED, UNTIL, C (Al THE EXPIRATION OF CON„-0DITY CREDIT CORPORATION'S LIEN AND ANY EXTENSION OR RENEWAL THEREOF,AND k' B UNTIL REPAYmENT OF SAID LOAN, AND, 4. IF ACQUIRED BY COMMODITY CREDIT CORPORATION THROUGH FORECLOSURE OR OTHERWISE, SUCH STRUCTURES AND -.-.5 EQUIPME'IT 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 EQUIPMENT IN COMMODITY CREDIT CORPORATION, AT NO EXPENSE TO COmd.ODITY CREDIT CORPORATION. G O �� - URE OF BORROPE 0 01` E • DER DATE DATE > �l�t-/4 . / l/1� A f 2 - - // /i , ....../Amt �/..... SIGNATU• OF BORROWER S •POUSE (O%4NER OR LIENHOLDER) DATE DATE , STATE OF NEBRASKA SS* COUNTY OF Qn•'Chl_".'r '� day of ' i/• _ , 19 'before ee j N ar Pu�iiic in and for said county parson L'1 _ 've-named 0.. ._' i / !A /- "+RO"f allf known to me to be the Itl (p, erA 1. _ 'ff.me Is aff 'ad to the above netru4ent as Grantor and he acknowledged said lilt, a`I , rut). act and deed. Witness my hand and notaria seal, the data last aforesaid. C ; .f - Z3*,...:_i - �.t �r9ds on the 12 day oft 19�7 I' z ss._ •Z. (�i�‘�m*J Notary Public 7/