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Commodity Credlt U.S.DEPAkTinENT OF AOk {CULTURE STATE � COUNTY !- <br />Corporation Form 297 CON4DiTY STABILIZATION SERVICE I <br />(6 -1 -56) COnrh-ODITY CREDIT CORPORATION Nebraska I Hall <br />SEVERANCE AGREEMENT SERIAL NO. <br />48- 040 -90 <br />Whereas, A. L. Johnson_ of Doniphan, Nebraska <br />Name of Borrower Addres7s <br />County of Hrll , State of Nebraska hereinafter called the <br />Borrower" has applied to the Commodity Cred t Corporation for a loan.or for the guarantee of a loan for the <br />purpose of purchasing and erecting or constructing the following storage structures, to -wits <br />TYPE _ — —_� KIND WOODa STEEL ETC.�y _ CAPgCiT�BUSHELS OR TOhS <br />2 - Butler Bins ( Steel _ 1330 each <br />I I (2660.0) <br />On the following described real estate situated in the County of Hal 1 State of <br />Nebraska - - -on the West Half of the NW 1/4 of Section 8 <br />, Township_ —Range_. _ 9 <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 equipments <br />I. 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 <br />real estate, shall be treated as personal property with respect t., 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 instrument heretofore or hereafter <br />rising against the structure or realty on which it is placed, until, <br />(a) The expiration of Commodity Credit Corporations Lien and any extension or renewal thereof, and <br />(b) Until repayment of said loan, and, <br />4. Shall, If acquired by Commodity Credit Corporation through foreclosure or other means, such structures <br />and equipment shall, at the option of Commodity Credit Corporation, remain on the above described <br />real estate for a period not to exceed six (6) months from the date of acquisition by Commodity <br />Credit Corporation, at no expense to Commodity Credit Corporation. <br />In witness thereof, t <br />signatures: _ /1 <br />Oat <br />signed have executed these presents on the dates immediately below their respective <br />orroe,er <br />=z'/' <br />gnatkre of Borro rls -' pouse) <br />oat <br />Owner or Lienholder�— <br />(Caner or Lienholder <br />Date_ -- *' ^ —�, Dat e. — <br />STATE OF NESR9 — ) <br />SSs <br />',CCyaIir,OF� gall ) <br />:) �g�'�h $1st day of AUg1L3 19, before me a Notary public in and for said <br />{" tedYnt `pees. `aJ JTame the above-named JQhnGCalL�jjpllip M JOh�0{� personally known to me to be <br />Sthf ,tcegttpall,per'on whose name is affixed to the above instrument as Grantor and he acknowledged said <br />brmoent,tch be "h•:s voluntary act and deed. „fitness my hand and notarial seal, the date last aforesaid* <br />u r <br />yT Go,�!a11�s6n -exp fires on the 22nd day of January , 19 _. <br />A <br />�Notary Publ is <br />Filed -ti: ,` (over) <br />PCO_ yr -'t [T� 2.t 8;i!) A .''4.�1�� _ _ i P.E ifi_ter of Dee" e <br />- "�iufi CotJrity,Nebr- <br />