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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE - STATE COUNTY <br />CORPOPATI ON FORM 297 COMMODITY STABILIZATION SERVICE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />Nebraska Hall <br />SEVERANCE AGREEMENT I SERIAL NO. <br />48 - ©40 -120 <br />Whereas, Charles McDonald of Wood River, Nebraska <br />NAME OF BORROWER) - (ADDRESS) <br />County of_- Hall , State of Nebraska hereinafter called. the "Borrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan for the purpose <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 />2 - Behlen Cribs 1616° x 20 <br />Steel <br />4000 bu. <br />— — -- <br />4 <br />i <br />on the following described real estate situated in the County of 1-k? 11 <br />State of NPhr»sl�a__ bn the North Half of the NE % of Section <br />27 , Township 11 Range 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 />Now, 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. Even 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 secc­ity transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, m ti, <br />(a) The expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, <br />(b) Until repayment of said loan. <br />4. Shall, if acquired by Commodity Credit Corporation through 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 below their re- <br />spective sienatures: <br />, "'Ifut/ <br />/ (SIGNA URE OF BORROWER) .(OWNER OR LIENHOLDER) <br />DATE ---- _ October 7, 1957 DATE _ October 7119 _ <br />(SIGNATURE -OF BORROWERS SPOUSE) (OWNER OR LIENHOLU[R) <br />DATE OCtober 7, 19.57 DATE - _- <br />*U. S. GOVERNMENT PR1,TMG OFF..: 1916 0 - 391366 <br />