Laserfiche WebLink
GOMMODI TY CREDIT <br />C C`RPORAiION FORM 297 <br />- (6 -1 -56) <br />U. S. DEPARTMENT OF AGRICULTURE <br />COMMODITY STABILIZATION SERVICE <br />COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STATE <br />Nebraska. <br />SERIAL NO. <br />48- 040 -467 <br />COUNTY <br />Hall <br />Whereas, Orville Conn of Wood. River <br />NAME OF BORROWER) (ADDRESS) <br />Count of Hall Nebraska <br />,Y• State of 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 constructing the following storage structure, to -wit: <br />TYPE <br />1 118 x 100 Lok —Rib Building <br />KIND (WOOD, STEEL. ETC.) <br />Steel <br />CAPACITY (BUSHELS OR TONS) <br />491000 <br />on the following described real estate situated in the County of Hall <br />State of Nebraska i t <br />--:on the S2 of the NE w �f Section <br />22 Tnwnsl-ip 11 _Range .1?— <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 />until said lien of t1ie Col-11mocii ter Credit Corcor7it -on is repel." -c. <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 acuired by Commodity Credit Corporation through foreclosure or other means, at the option of the Commod- <br />ity Credit Cqorporation remain on the above described real estate for a eriod not to exceed six (6) months after the <br />date of acquisition by Commodity Credit Corporation at no expense to Fommodity Credit Corporation. <br />In witness whereof, the undersigned have executed these presents'on - the, dates immediately below their re- <br />. <br />spective signatures: '<'1`�I;• F <br />(SIG ,/,TOP�OF RR OWE�) ,: -. + � W R R ENHO DER) <br />4pnce president <br />DATE �— 'J — / . s DATE <br />—_ 56 _ ) ; <br />(SIGNATURE OF BORROWERS SPOUSE) <br />(OWNER OR LIENHOLDER) <br />DATE DATE <br />al'. S. GOVERNMENT PRATING OFFICE: 1958 O - 490699 <br />