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fammodity Credit U.S.OEPARTinENT F {AGRICUULT E STATE I COUNTY T <br />poration Form 297 COMwODiTY STABILIZATION SERVICE i <br />(6 -1 -56) COmh,OOITY CREDIT CORPORATION Nebraska I _ Ha ll _� _ <br />SEVERANCE AGREEMENT SERIAL N0. <br />48- 040 -86 <br />Whereas, Leo Caveny <br />Name of Borrower <br />of Wood River. ebraskc_ <br />(Addres-.T <br />County of Hall , State of Nebraska hereinafter called the <br />w8orrowerl► 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 _ K ND IYOODy STEEL• ETC. L_ �_I CAPACITY BUSHELS OR TONS <br />2 - Cribs _ Behlen Steel_ 1500 bu._ea. <br />(3000.0) _ <br />On the following described real estate situated in the County of Ha 11 State of <br />est Half Nebraska on thll- WSoufhHalfof the �4 1/4 of Section <br />13 , Township_U Q Range_ <br />And, whereas the borrower has agreed to give Commodity Credit Corporation or its approved lend.ing 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 />J. Shall not Ue 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 Corporationts 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 Gredit 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, the undersigned have executed these presents on the dates immediately below their respective <br />signatures: <br />ignature of Borro��er <br />Date _ _ _ _ <br />Signature of BorrowerIs Spouse <br />Oat e_ <br />STATE OF NEBRASKA <br />Pat <br />Dat <br />Owner or Lienholder) <br />Owner or Lienholder <br />SSs <br />COUNTY OF ) <br />An th•Is Lo day of , 19� before me a Notary Fubiic in and for said <br />X41, . f,,o Inty pej U a•! ly came the above -oam a . � who is personally known to me to be <br />�. �t1fetka cal "son whose name Is affix d to the above instru "nt as Grantor and he acknowledged said <br />vt•; dt)strwnvge pis voluntary act and deed. t, fitness hand and notarial seal, the date last aforesaid. <br />o' expires on the�day of , 19� . <br />M -` 15�� ` 4iL11 notary Public <br />�A Y (over) <br />f�Fy led for record September 7, 1956 at 8;'�C AR4igter of Deedi <br />,s__,_HaTl County r Na, <br />