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• Position 1 (Upper Left) • <br />FORM FHA -259 <br />(11- 29 -54) UNITED STATES DEPARTMENT OF AGRICULTURE <br />FARMERS HOME ADMINISTRATION <br />'' SEVERANCE AGREEMENT <br />WHEREAS Art Flanowig and Josephine E• Flannang <br />of Donip)gn County of Hall <br />, <br />State of Nebraska hereinafter called the *borrowers,"78t7®[ <br />have mortgaged to, 0Mdmvmm=w3mbmm= <br />by executing a deed of trust securing a note (s ) held by Thomas Frahm , <br />and of <br />County of <br />, <br />, State of , <br />hereinafter called the 'Mortgagee" or "owner" the following - described realproperty: <br />Northeast Q, mrter (NEJ) of Section Twenty- -sight (2$),s Township Nine (9) North., <br />Range Nine (9) West of the 6th P.M. in Hall County., Nebraska. <br />AND WHEREAS, the borrowers have applied to the United States of America (herein- <br />after called the "Government ") for a loan for the purpose of improving the afore- <br />said real property by the construction, erection, or addition thereto of the <br />structures and equipment described below and have agreed to give the Government <br />a mortgage lien thereon: <br />One Irrigation Well <br />One Irrigation Pump <br />One Irrigation Power Unit <br />PLOW, THEREFORE, for and in consideration of the insuring or making of such a loan <br />by the Government and of the installation of the structures and equipment by the <br />borrower's, the parties hereto do covenant and agree that, as to the lien of the <br />Government, such structures and equipment shall remain severed from said real <br />property, will be considered with respect to the interest of the parties hereto <br />as personal property and, even though attached thereto, shall not be considered <br />to become fixtures or a part of the real estate or subject to the lien of any <br />security instrument heretofore or hereafter placed thereon by any of the parties <br />hereto, except the lien of the Government, until the expiration or release of the <br />Government's lien including any extension or renewal thereof. <br />FORM FHA -259 <br />