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Commodity Credit s$ DE ARTuiENT OF AGRICULTURE S1ATE COUNTY <br />Corporation Form 297 CCAIi.W ITY STABILIZATION SERVICE <br />(6 -I -56) C(WaO01TY CREDIT CORPORA TION Nebraska Hall _ <br />SEVERANCE AGREEMENT SERIAL N0. <br />48 -040 -102 <br />whereas, Roy Hofrichter -_ E. C. Hof richter _ of _ Wood River Nebraska_ _ <br />Name of Borrower AddresTs <br />County of Hall , State of Nebraska hereinafter tailed the <br />"Borrower" 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 � I KIND ypop., STEf�L TO .1 _I��'---- CA- APA211Y 81ZNELS OR TONS7 <br />1 - Columbian Bin Steel 1650.0 <br />18' diam. 8' ht. <br />On the following described real estate situated In the County of Hall State of <br />Nebraska _on the of the NE 1/4 of Section 20 <br />10 , Township— 11 Range_. _ <br />And, whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency <br />a mortgage lien on said stora;le 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 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 strustures <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, the undersigned have executed these presents on the dates immediately below their respective <br />slgnat ess <br />(Signat&re of Borrower 0 e or ienhoider <br />Date__ —, -f — -,-5 _ _ Date —Z�2 —_ <br />% e of Borrows s Spouse) (Owner or Lienhoider ?, CL <br />R <br />'1,01t' OF NE <br />- `c'ame the <br />Efre.,ideiuliiL•' >person whose <br />instrument to be his voluntary act and deed., ,t,itness :=n d notarial seal, the date last aforesaid„ <br />Nry Commission expires on the_.-,r2— day of 0s d.44 , <br />SS/ <br />(Seal) <br />dGC--a otary Pub Iis <br />(over) <br />Seal , �, Notary Public <br />Co G n <br />c W �" <br />OD <br />1 <br />STATE OF NEBRASKA <br />�a <br />-r.116 <br />