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cs) n <br />e N ��' <br />� ry <br />Once recorded, return to: <br />Parker, Grossart, Bahensky, Beucke & Bowman, L.L.P. <br />P.O. Box 1600, Kearney, NE 68848 -1600 <br />RECITAL: <br />NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br />OWNERSHIP AND SEVERANCE AGREEMENT <br />g a eWoodman, Trustee Denis R. Woodman, Partner <br />Dated: April 22, 2013 Dated: Apri ..2 3, 2013 <br />1 <br />WHEREAS, Woodman owns the following described real estate: <br />Lots One (1) and Two (2) and the South Half of the Northeast Quarter <br />(SY2NE1/4) and the Northwest Quarter of the Southeast Quarter (NWl SE'h) and <br />the East Half of the Southeast Quarter (EY:SE%a) of Section Thirty -two (32), <br />Township Nine (9) North, Range Twelve, (12) West of the 6th P.M., Hall <br />County, Nebraska; and <br />WHEREAS, D & K has made certain permanent improvements to said real estate; and <br />WHEREAS, the parties desire to reduce to writing their agreement and understanding <br />concerning the ownership to the improvements thereon and their rights of removal. <br />0) <br />THIS AGREEMENT is made and entered into by and between C. Raye Woodman, Trustee <br />of the C. Raye Woodman Revocable Trust dated May 30, 1997, and Carolyn P. Woodman, <br />Trustee of the Carolyn P. Woodman Revocable Trust dated May 30, 1997 (hereinafter referred <br />to as "Woodman "), and D & K Woodman, a Nebraska Partnership (hereinafter referred to as "D <br />& K "). <br />1. D & K are the sole owners of the following grain bins and all related attachments and <br />equipment located on the said real estate: <br />1- 10,000 bu GSI grain bin <br />5- 15,000 bu GSI grain bins <br />1- 40,000 bu MFS grain bin <br />2. D & K may remove, at their option, any or all of the said solely owned grain bins at <br />any time; provided, however, that if D & K elect to remove any or all of the said grain bins, D & K <br />shall fill in any excavation and repair all damages to the said real estate. <br />3. This agreement is binding upon and shall inure to the benefit of the heirs, personal <br />representatives, successors and assigns of the parties hereto. <br />IN WITNESS WHEREOF, the parties have executed this Agreement on the date(s) <br />hereinafter set forth. <br />