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Ptaomodlty Credit U.S.DEPAhifaENT OF AGRICULTURE STATE � COUNTY Corporation Form 297 COMh'ODITY STABILIZATION SERVICE _ (6 -1 -56) Cowa Nebraska Hall ODITY CREDIT CORPORATION SEVERANCE AGREEMENT SERIAL NO. -- 148- 040-94 whereas, James S. Morton of _ Doniphan Nebraska_ _ Name of Borrower Addressr 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 -wits TYPE 1 KIND 1700D4LTEEL• ETC. I CAPACITY Bl1S}S OR TOb teck a Bin -T- steel 21 0.0 bti.; 10' 20 ht., 17'10" Diam. On the following described real estate situated in the County of Aal l State of — Nebraska -on the of the NW 1/4 of Section _ 26 , Township!._ 10 _Range_. — And, whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mortgage lien on said storage structures Now, therefore, the parties hereto do covenant and agree that such structures and equipments 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 t, the rights of the parties, and shall not become fixtures or a part of the real estate, and, J- Shall not be subject to the lien of any security transaction or instrument heretofore or hereafter rising against the structure or realty on which it is placed, until, (a) The expiration of Commodity Credit Corporation ►s Lien and any extension or renewal thereof, and (b) Until repayment of said loan, and, 4. Shall, If acquired by Commodity Credit Corporation through foreclosure or other means, such structures and equipment shall, at the option of Commodity Credit Corporation, remain on the above described real estate for a period not to exceed six (6) months from the date of acquisition by Commodity Credit Corporation, at no expense to Commodity Credit Corporation. In witness thereof, the undersigned have executed these presents on the dates immediately below their respective signaturess Feder =zl Land ank off' 9maha i i .- ,�"` -` � � -�._ -- — •- - By v ' ' ecial A Agent Slg ature of borrower — 0, r - Liie�nholder Date_ 8- 29956. — — Date_ er oo 8 -` - - -- -- -- — Signature of Borrow 71s SpouseF-- — (Gemer or Lie holder) Oat a 8-29- Date STATE OF NEBRASKA —! $$1 COUNTY OF H.Jl On 4h day of Aiil iiat. , 19 cefocy me a Notary 1 -ublic in and for said cowl!` {yam rsOf c e the above - named =��r�� -arie PlortR i ltd f�l oii4a '� me to be t3le�fitie aa"i pOnsonkoose name51ls�ffixed to the above instrument as Grantor and he acknowledged said t'ial►trt nt Q q,h'as�risluntary act and deed. i,itness my hand and notarial seal, the date last aforesaid. _ �:C7iy n awfa�iex�ipes on the 21 day of Janiinry , l9-.6L- 0 - y(�al) •' `` }t Z4 ' Notary Public �eiAgy. - i (over)