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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE - - - - -- -- <br />"*� (6146) COMMODITY-CREDIT CORPOgATION <br />SEVERANCE AGREEMENT SERIAL NO. 8t`>r1 <br />t.ltr,r.�e, r <br />Whereas, of t7oart�aol l <br />NAME OF BO ROWER) - - - <br />County of %6arnsg State `of fOtM s+ 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 conSfii1& i* the `following storage`strfieture, to -wits <br />on the following described real estate situated in the County of gam]1 <br />State of Nebraska _ <br />Lots 3. & 4n the �_ of tl-e o� Sctior. <br />shirt, dwo , 'TC.mship <br />.. --- twelg� <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. Fven 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 below their re- <br />spective signatures: <br />(SIGNATURE OF BORROWER <br />DATE <br />(SIGNATURE 0 BORROWERS SPOUSE) <br />DATE August 19, 1959 <br />(0 NER OR I DER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />iU. S. GOVERNMENT PRINTLNG OFFICE- 1958 O - 490699 <br />
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