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, .. _.._". _n~_~_..."''''''.''''''''_'_'_.' r..__............--..:....-.-...,.. 200800163 Lc at Dnscrl tlonl 18738 WEST AIRPORT ROAD, CATRO, NE 68824, WEST 1/2 OF NORTHBAST QUARTER OF NORTHWEST QUARTER, SRCTlON 51112 PareeT ID Number: EqulpmentDelicrlptlon: Asset nef 41 NewlUscd QuantllylY CIIl'lManufuetUl'erlModellDescrlptlnnlSerlal 1# Address (No P.O.Dox)JCitylStote/Zlp Code/County 1443S New 1/20071 BOUMATIC 144' X 1S4'1 TRUSS ARCH BARN INA 18738 WEST AIRPORT RD CAIRO NEBRASKA 68824 HALL Additional Terms: 1. The Equipment shaH remain severed from the Property; 2. Even if attached to the Property, the Equipment shaH retain its 'personal character, shall be removable from the Property, shall be treated as personal property with respect to the rights of the parties, and shall not become a fixture or a pPrt of the Property; 3. Title and ownership of the Equipment shall remain with the Lessor; 4. The Equipment shall not be subject to the lien of any secuted transaction or instrument heretofore or hereafter arising against the Property or any other structure on which the Equipment is placed; 5. Lessor, Its agents and assigns, shall have full access upon the Property to inspeot, repair, rebuild, disassemble, or remove the Equipment without further notice to. or further permission of, charge for, or obligation to, the Parties, and in the event of default by Lessee in the payment or performance of any of Lessee's obligations and llabllities to the Lessor, Lessor may remove the Equipment or any part thereof from the Property without Objection. delay, hindrance or interference by the Parties, and in such case. the Parties will make no claim or demand whatsoever against the Equipment. In the event of any such default by Lessee, at Lessor's option, the Equipment may remain upon the Property free of rent or any charge for use and occupancy for a period not exceeding three (3) months after the receipt by the Lessor of written notice from the Parties direotlng removal. Lessor shall repair damage to the Property caused by Lessor's removal of the Equipment; , 6. The Equipment may remain on the Property without charge for the duration of the Lease and for a reasonable time thereafter, in order that Lessormay remove the Equipment; and . 7, Lessor and Lessee may agree, without affecting the validity of this Agreement, to extend, amend or In any way modify the terms of payment or performance of any of the Lessee's obligations and liabilities to Lessor, without the consent and without giving notice thereof to the Parties. All of the Parties agree that the Lessor may sell, transfer, convey, or assign its interest In the Lease to any other persons or entities and that the terms of this Severance Agreement will remaID. fully valid and in effect and binding upon the Parties for the benefit of such above-referenced persons or entities. . This Severance Agreement binds all of the Parties, their (its) heirs, personal representatives, successors and assigns and shall inure to the benefit of Lessor, its successors and assigns. Soverance Agreement - RT (OS/OI12007) paae 20f 3