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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(6-1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STATE T <br />Nebraska <br />SERIAL NO. <br />48 -040 -139 <br />Whereas, Nellie Kn;gh of __�i2od���r_ ;- _-)Nebraska <br />NAME OF BO RROWER) . -- - (ADDRESS) - <br />County of_- Nall , State of Nebraska_ __hereinafter cai].ed the "Borrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan,for the puipose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE <br />KIND (WOOD. STEEL, ETC.) <br />CAPACITY. (BUSHELS OR TONS) <br />1 - Quonset Bin 40x 60 <br />Wood <br />17 000 <br />on the following described real estate situated in the County of <br />r?ehra ska <br />State of_ ____— __ _____:on the <br />29 <br />F1 <br />10 <br />the SE % of Section <br />D_ 12 <br />, and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lien on said storage structure: <br />?how, therefore, the parties hereto do covenant and agree that such structures and equipment: <br />1. Shall remain severed from said real estate, and, <br />2. Fven if attached to the realty, shall retain their personal character, shall be removable from the real estate, shall be <br />treated as personal property with respect to the rights of the parties, and shall not become fixtures or a part of the <br />real estate. and, <br />3. Shall not be. subject to the lien of any SecPrity transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, V .iil, <br />(a) The exp +iratiop. of Commoditv Credit Corporation's lien and any extension or renewal thereof; and, <br />(b) Until repayment of said ioar.. <br />4. Shall, if acquired by Commodity Credit Corporation throu�b foreclosure or other means, at the option of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six �6) months after the <br />date of acquisition by Commodity Credit Corporation at no expense to Commodity Credit Corporation. <br />In witness whereof; the undersigned have executed these presents on the dates immediately 1e]ow their re- <br />spective sip - natures: <br />P/ <br />(SIGN ATUGN ATU f.%ff'- BORRBORR R} (OWNER OR LI FNHOL DFR) <br />DATL__._ rt r ]% Ql- i DATE - -- - -- — — -- -- <br />/' (SIGNATURE 0� BORROWERS SPOUSE} (OWNER OR LI ENHOL UER) <br />DATE ]_7 1Q.ti7 DATE _- - - -- - -- <br />CU. S. GOVERNIMU "4T PRIN -G OFFICE: 3956 U -: 93366 <br />
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