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COMMOO:(TY CREDIT _ U. S. DEPARTMENT OF AGRICULTURE STATE `.COUNTY . <br />CORPORATION FORM 297. COMMODITY STABILIZATION SERVICE <br />(6.1 -56) COMMODITY CREDIT CORPORATION Nebraska Hai <br />SEVERANCE AGREEMENT SERIAL No. <br />48 -040 -199 <br />Whereas, James S. Morton of Doniphan, Nebraska <br />NAME OF BORROWER). (ADDRESS) i <br />it <br />County of Hall State of Nebraska bereinafter:calie, II "Borrower." <br />has applied to the Commodity Credit Corporation for a loan or for the 'guarantee of a loan for 'thc� purpose <br />I; <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE KIND (WOOD, STEEL. ETC.) CAPACITY (, BTU S,H`E LS OR TONS) <br />1. Steckley Crib Steel 1500 blio <br />on the following described real estate situated in the County of Hall <br />State of Nebraska • on the of the NW % of Section <br />26 -Township 10 Range 9 <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 security transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, until, <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 bel;.ow tither re - <br />r <br />spective signatures: tin <br />r <br />(SIGNATURE OF BORROWER) <br />DATE March 20, 1958 <br />S GNATURE OF BOR WERS SPOUSE) <br />DATE March 201, 1958 <br />THE FEDERAL LAND <br />By: <br />H E . e Lflrvsi� <br />DATE ltrch e, :. <br />DATE <br />OWNER OR -'LI <br />OU. S. GOVERNMENT PAINTING OFFICE : 1956 O - 393366 <br />