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X40 <br />€? - COMMOD 1, T:•, CREDIT U. S, DEPARTMENT. OF AGRICULTURE STATE "COUNTY.. <br />CORPORATION •FORM: 297 • COMMODITY STAB 1 L I ZAT ION SERVICE Nebraska Hall. <br />16 -1 -56) COMMODITY. CREDIT 'CORPORATION <br />v. - <br />SEVERANCE AGREEMENT Stk' A` " °' <br />48 -040— <br />Whereas, John C. Davis of 'Wood 'River, Nebraska` <br />NAME OF BORROWER) (ADDRESS): - <br />County of �.- Hal] .., N S'L:aze of .; .Nebraska hereinater•;,cabled; the Borrower <br />.. r. v <br />has applied ".to' pia$ Commodity Credit,Corporation fora loan .o.r for the :guaraii< =tee of a• 4oan for the purpose <br />purchasing a>'d V'Tec'txrig or constructing 'the` °' following, storage tntcture, to 7wit4 <br />TYPE KIND (WOOD, STEEL. ETC.) CAP AC I TY,(BUSHE.LS OR TONS) <br />' .. ,:. <br />�L +O X 79 Al � Curvet Grain Bldg. "` Steel 31,9000 <br />on the following described. real,:estate situated in the County-.,of Hall <br />State of _ Nebraska: :. on the of the nT _� .o 'Section <br />36 s 16 nsh -o 10. Lznge' 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 thV'ieal eSEite,''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 pot subject to..the lien of any secuiity transaction 'or•instrxlnentheretofore or Hereafter rising against the <br />structure or;realty.on which it is placed, until., <br />(a)' The expiration'of toinmodity Credit Corporation's lien and`any'extension or'r'eriewal' 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 �orparation remain on 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 />(SIGNATURE OF �BORR WER) <br />GAT�E / <br />0 <br />(SIGNATURE OF BORR W RS SPOUSE) <br />DATE l <br />�lr <br />AGRI-WASH <br />11M IiOR` ITY S T? P1 T`JAL :LIFE 111SU LAOTC_i COITANY <br />BY J <br />(OWNER OR LIENHALDER) <br />Superintendent Hortr ces Assistant Secretary <br />DATE ja - <br />DATE <br />(OWNER OR LIENHOLDER) <br />