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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION :FORM 297 COMMODITY STABILIZATION SERVICE <br />Nebraska Hall . <br />SEVERANCE AGREEMENT <br />SERIAL NO <br />Whereas, Gaius Burmood and /or-Clayton, of Wood River, Nebraska <br />NAME OF BORROWER) Burmood•~CADDRESSI <br />Count of Hall „ » .�.T „ <br />Y _ State of N»bbraska heFe3nafte called ;the "Borrower" <br />has applied ;.uo'the Commodity. Crecli�t'Coi-poratiom. for a -loan. 6r for the guarantee .o£ a:.loan for -.the purpose <br />purchasing and` erecting or coYtstructing "the following storage- structure,' tV fit: <br />s <br />TYPE <br />KIND (WOOD, STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />2 — •.glumbean Bins <br />Steel <br />6200 bu. each <br />241 Diam., 161 ht. <br />_ <br />(12,400) <br />on the following described real, estate siL>iated in' the County df Hall <br />State of ?lbraska on the R1 0� the :5t <br />_�. of Section <br />ouln phi 9 _ " _ ra e 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 apart 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 />�struature 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 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 signatures: <br />Gaius or Clanton Burmood <br />o,,,_ <br />/L u,, 118, J3L <br />m0(bgI GNATURE OF BORROWER) <br />DATE <br />�` C <br />OF BORROWERS SPOUSE) <br />D(SIGNATURE <br />DATE <br />AGRI -WASH <br />C. '4. Kung <br />� C Iev. h /-,t <br />Be1.le Kunz (OWNER OR LIEN66LDER) <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE <br />