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coMVIrooITr CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE 'CORPORATION FORM 297 COMMODITY STAB col <br />Ibt -561. MIZATION SERVICE <br />dOMMODI7Y CREDIT „CORPQR.A.TJON, N6bx'e1Slf1 Hall, . <br />SEVERANCE AGREEMENT SERIAL No. <br />48 -040 -242 <br />Whereas, Howard. Lowell of Wood River, Nebraska. <br />NAME OF BORROWER) ('ADOBE'S <br />County of Hall ;'.State, of Nebraska hereinafter caYled the ','Borrower” <br />has applied-.to 6e- Carmod ty Credit Corporation for -al <br />Purchasink,a d. oan dr for the <br />guarantee of a loan for the purpose <br />g, ostung tolowing storagecstructure, to -wit: <br />—._ -- TYPE KIND (WOOD. STEEL. ETC.) CAPACITY (BUSHELS OR TONS) <br />i4 Columbian ' W Bins Steep 6600 <br />on the following.described, real estate situated in the County of Hall . <br />State of Nebraska — <br />16 `on the South Half of theSouth West i <br />of Section <br />- Township 10, <br />Range 11 <br />Whereas the borrower has agreed to ;'and, <br />g give Commodity Credit Corporation or its approved4�1ending 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 it 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 option of the Commod- <br />ity Credif 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 />l f ) •.fi C <br />(SIGNATURE OF BORROWER) <br />t -- <br />DATE_ September 15, 1958 <br />( I IN T 0 - 04OE OU E) <br />DATE Spit +mher 1 5., 1958 <br />AGRI -WASH <br />(OWNER OR LIENHOLDER) <br />DATE September 15,_1Q58 <br />(OWNER OR LIENH LDER) v <br />DATE h7>>__ ! e�� z <br />