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COMMODITY CREDIT U. S. DEPARTMENT OF ~AGRICULTURE STATE - _ - COUNTY <br />CORPORATION FORM 297 COMMODITY STABILI- ZATION SERVICE - <br />(6 -t -56) COMMODITY CREDIT CORPORATION Nebraska Hall <br />SEVERANCE AGREEMENT SERIAL NO <br />Whereas, Dale D. Stubblefield of Shelton, Nebraska <br />NAME OF BORROWER) - (ADDRESS) <br />County of Buffalo , 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 />1 - Lok -Rib Bin 40 -x 80 <br />Steel <br />25,060 bu. <br />on the following described real estate situated in the County of Hal]r <br />State of T,TC),T-91- <br />on the W & N4 of the SE¢ i/4 of Section <br />28 Township 10 Range 12 -_ <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 estates until repayment of this loan; ancl, <br />3. Shall not be subject to the lien of any security transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, unit , <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 opption 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 signatures: <br />7TUR O VT <br />DATE <br />v <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE <br />UAL hUDENIIAL I SH WNTE Cu«vf, -hy -- f R�va <br />- <br />(OWNER OR LI ENHOL ) <br />- -= <br />DATE A* —.:z .-S / -- — — <br />DATE <br />OWNER OR LIENHOLDER) <br />AU. S. GOVERNMENT PRINTING OFFICE: 1956 0 - 393366 <br />