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<br />COMMODITY CREDIT U, S. DEPARTMENT OP "AGRI CULT URE' STATE COUNTY
<br />CORPORATION FORM 297 COMMODITY STABIL(W(ON SERV(Cf Nebraska Fall
<br />(6 -1-56) COMMODITY CREDIT CORPORATION -
<br />SERIAL NO.
<br />SEVERANCE AGREEMENT.,.
<br />48 -040- 664
<br />WHEREAS Rex Otto and Larry Otto Of 1466d River
<br />(NAME OF BORROWER) SADDRESS)
<br />COUNTY OF Fall � STATE Of Nebraska FERE1NAFTER CALLED THE "BORROWER"
<br />HAS APPLIED TO THE COMMODITY CREDIT CORPORATION FOR A LOAN OR FOR THE GUARANTEE Of A' LOAN FOR THE PURPOSE Of PURCHASING AND
<br />ERECTING OR CONSTRUCTING THE FOLLOWING STORAGE STRUCTURE, To-MIT".
<br />TYPE KiND (WOOD, STEEL, Etc,) �MrCkPkCITY (BUSHELS ai; TONS)
<br />Colimbzan Bin Steel
<br />ON THE �0,lLjgl'N MRIBED REAL ESTATE SITUATED IN THE COUNTY OF Hall R STATE^Of Up.b'P.RICa M
<br />ON THE O5 {h Tr 4. OF THE ,SW OF SECTION �S � TOWNSHIP 1 �
<br />RANGE .11 AND,
<br />WHEREAS THE BORROWER HAS AGREED 76 GIVE COMMODITY CREDIT CORPORATION OR ITS APPROVED LENDING AGENCY A MORTGAGE LIEN C'N SAID
<br />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 />Z. E4EN Sf ATTACHED TO THE REALTY, SHALL RETAIN THEIR PERSONAL CHARACTER, SHALL BE REMOVABLE FROM THE REAL ESTATE, SHA. -L er
<br />TFEATED AS PERSONAL PROPERTY WITH RESPECT TO THE RIGHTS OF THE PARTIES, AND SHALL NOT BECOME FIXTURES OR A PART CF YHE
<br />REAL ESTATES AND,
<br />3. S_I;Att NOT BE 5UBJECI 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 />.`I (A) THE EXPiRAT10N OF COMMODITY CREDIT CORPORATIONS LIEN AND ANY EXTENSION OR RENEWAL THEREOF; AND,
<br />(0) UNTIL REPAYMENT OF SAID LOAN.
<br />4. $HALL, If ACQUIRED BY COMMODITY CREDIT CORPORATION THROUGH FORECLOSURE OR OTHER MEANS] AT THE OPTION OF THE COMMODITY
<br />CREDIT CORPORATION REMAIN ON THE ABOVE DESCRIBED REAL,ESTATE FOR A PERIOD VDT TO EXCEED Six (6) MONTHS AFTER THE GATE
<br />Of ACQUISITION BY COMMODITY CREDIT CORPORATION AT NO EXPENSE TO COMMODITY CREDIT CORPORATION.
<br />q 1fApA�i'�+t� pI T1 � C1
<br />N WIYNES9 I' OF, THEJ�E p "kAYr.CXECUTED THESE PRESENTS ON THE DATES Ik ?pLATHLK•8f)idl�•CHENi "RSPE�VE SIGNATUFES>
<br />�w`}r ...._... Rex 0tt0 ` GR;,i'?D ,. ,,N�DNE3R "KA
<br />( ( TGNATU E OF ORROWER) WNER OR IENHOLOER)
<br />DATE <2- /0 -G 2 - Larry Otto DATE 0 '% 6
<br />/ 7 _ (TATife�_.
<br />(SIGNATURE OF BORROWER'S SPOUSE) (OWNER OR LIENHOLDER)
<br />DAI E DATE
<br />STATE Of NEBRASKA
<br />})
<br />SS:
<br />COUNTY OF Hall
<br />)
<br />ON THIS x3jr DAY OF I7(P
<br />, T9�r, 8E{�R� M NOTARY PUBLIC IN AND FOR SAID COUNTY PERSONALLY iAIE
<br />THE ABOVE -NAMED It .JC tYl .O -Hai grI M�Q4��KNDWHO IS PERSONALLY KNOWN 70 M 1"ii 6k THE' ID11CTiCAL�e1tSO 'N'WS;3S£- N'.MC -• 1'
<br />'S WITNESS MY
<br />AFFIXED TO THE ABOVE iNSTRNNENT PS RA TOR A
<br />A LEDGED SAID INSTRUMENT TOO BE HIS VOLUNTARY ACT AND DEED. t
<br />} {ATaO AND N0"RR('AI,,,SEpir THE DATE LAST AFORESAID.
<br />Maxi.lYn Otto and Fi 0, Hurrsch !
<br />,6,4' 1ES ON THE CGNIESu d DAY OF
<br />-
<br />.Tgmiary , 19 6�s
<br />(SrFi'�
<br />_NG':ARY P'.':LEi,
<br />k
<br />SIATf
<br />SS:
<br />J.
<br />. 19: , BEFORE ME A NOTARY PUBLIC ,(N AND FOR, SAID, COUNTY.P£R�ON/iLI Y C1 if= yy
<br />"ttOSE
<br />w
<br />NAME P %
<br />WHO IS PERSONALLY, KNOWN T(I ME TO BE • THE I 0j NTICAL Pe ER
<br />TS ¢FfIP D,ABOVE INSTRUMENT AS GRANTOR AND
<br />HE ACKNFWLEpGED SAID INSTRUMENT TO BE HIS VOLUNTARY CT AND,DE,EDq
<br />HAND AN$',MQ'FARI :k- SEAL,tTHE DATE LAST AFORESAID.
<br />My COMMI%SiO,N EXPIRES ON YHE DAY OF
<br />" 19
<br />i
<br />(SEAL) NOTARY PLIIBLBC
<br />. I
<br />------------ day ^E
<br />1j_62_ at l_a._:.._.
<br />- Regfz ?er Of Ocf. $
<br />pd OP
<br />p'_es �..
<br />
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