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• <br /> • <br /> POSITION 7 (UPPER LEFT) <br /> UNITED STATES DEPARTMENT OF-AGRICULTURE <br /> FARMERS HOME ADMINISTRATION <br /> SEVERANCE AGREEMENT <br /> (WATER FACILITIES PROGRAM) <br /> WHEREAS _ _Th,,;r_l lush <br /> and ___ -Mildred L. Resh <br /> of Woo dRiver , County of Hall State of Nebraska <br /> hereinafter called the "borrowers," 1e �un� ����� ,h� ,c::.c..;ga�ed to,, <br /> x.:i =oaalratxr ac7c kilig- a ,ittin:st x nag t sPINJICI* <br /> The Equ _tacic Life s, u.rar_ce <br /> United SIa.tgd of <br /> ;bunt-of , State of _., hereinafter called <br /> -- ___.-_ - - _ _ -the''It trex x"creditors,"the following-described real property: <br /> lest _. .-f of the So_Ith,.reet Quarter of Section Five (5), L,nd, the " est half of <br /> the sot tn,e., t ;tarter of Sect _. Six (6), all in Tow-rshin _Tine 9) Ran-se Twelve (12) <br /> P.L. in Hall County, ve.l aska. <br /> AND, WHEREAS, the borrowers have applied to the United States of America (hereinafter called the <br /> "Gce urnr.,nt") for a Water Facilities loan for the purpose of improving the aforesaid real property by <br /> the construct:on,erection,or addition thereto of the structures and equipment described and have agreed <br /> to give the Government a purchase money mortgage lien thereon: <br /> 700 feet itch ripe <br /> 1 Pole:. unit (for irr ci -n) <br /> NOW, THEREFORE, for and in consideration of the making of such a loan by the Government and of <br /> the installation of the structures and equipment by the borrowers, the parties hereto do covenant, and <br /> agree that, as to the lien of the Government, such structures and equipment shall remain severed from <br /> said real property,will be considered with respect to the interests of the parties hereto as personal prop- <br /> erty and, even though attached thereto, shall not be considered to become fixtures or a part of the real <br /> estate or subject to-the lien of any security instrument heretofore or hereafter placed thereon by any of <br /> the parties hereto,except the lien of the Government.until the expiration of the Government's lien and any <br /> extension or renewal thereof and until the repayment of said loan. )2eds <br /> Form FHA-259 <br /> It)-60982 .. `r r� <br /> .- / v.3"— <br />