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Commodity Credit U.S.DEPTi,ENT OF A6 IICULTURE ` S TE COUNTY
<br />AR
<br />Corporation Form 297 C06,0DITY STABILIZATION SERVICE i
<br />COm,n,001TY CREDIT CORPORATION raska
<br />SEVERANCE AGREEMENT I SER NO.
<br />48 -040 -101
<br />Whereas, _ —�_ Peirce_ ___ _ of -
<br />• Name of Borrower Address
<br />County of hall , State of Nebraska hereinafter called the
<br />"Borrowerl+ has applied to the Commodity Credit 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 i UODiSTEEI, ETC.L -_ _ CAFACITA6USMELS OR TOhSr
<br />2 - Bins Columbia W_ aiee1 ! 2200.0 each
<br />- -18 xi101 8^ _ — I (4400) - - - --
<br />i
<br />On the following described real estate situated in the County of Ha 11 State of
<br />Nebraska `_on the E�',, of the i! of the NE 1/4 of Section 34 —,
<br />- -- - , Townsh ip-- - -- 1 - - - -- Range- - -- 12 - -- - -- - -- —
<br />And, whereas the borrower has a -r:ed to give Commodity Credit Corporation or its approved lending agency
<br />a mortgage lien on said stora,e structure:
<br />Now, therefore, the parties hereto do covenant and agree that such structures and equipment:
<br />I. Shall remain sever <d 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 e subject t, 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 Corl,orationts 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 acquisi{ ;bn -•'by Commodity
<br />Credit Corporation, at no expense to Commodity Credit Cori.oration.
<br />In witness thereof, the undersigned have executed these presents on the dates immert4#0 10bt 're`spective
<br />signatures:
<br />(Signature of Borror,erj V,Ln59M
<br />Fled �y *-.e tt ' Presi&.r€
<br />Date^ - --- -_� + , i_ - - -- Date— (lrtnhar
<br />Signature of Gorrower�s Spouses ,G"ner or bii,e I ¢ri•
<br />yC-
<br />D,4 . 7 -- � J - --- -- — —Cat e. -
<br />:,STAf OF NEBRA A )
<br />000N19 'OF F a )
<br />r .�pn th$s c` day, of '_�Cl'L �r t�•" , a -� pefore me a notary rubllc in and for said
<br />eo tyl �e . o R� ky c'�me the above -named u IIL� r � j / uho is Personal I known to me to be
<br />the Ise i/ic 1, er on whose name is aff xed -to the above instrument as Crzntor and he acknowledged said
<br />instTWq A2 n" d his voluntary act an deed. fitness ii,y an1 and notarial seal, the date last afore aide
<br />i,ry Coemission expires on the�day of� j� s , 19�.t Y
<br />(Seal) ! l�r notary Pub Iis
<br />(over)
<br />
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