200312596 - Laserfiche WebLink

Browse

200312596 SEVERANCE AGREEMENT THIS AGREEMENT is made and entered into on this /ZC day of July, 2003, by and between MICHAEL D. ROUSH, hereinafter referred to as "Roush" and JAMES R. HATCH AND BEVERLY J. HATCH, hereinafter referred to as "Hatch ". WITNESSETH: WHEREAS, the real estate subject to this agreement is legally described as follows and is hereinafter referred to as "the subject real estate ", to -wit: A tract of land comprising a part of Lots 3 and 4, Island and part of the Northeast Quarter of the Southwest Quarter (NE' /4SW' /4), all in Section 27, Township 11 North, Range 9 West of the 6t' P.M., Hall County, Nebraska, said tract being more particularly described as follows. With reference to the West Quarter corner of said Section 27; thence running on an assumed bearing of S 01 23'04" E on the West line of said Section 27 for a distance of 348.91 feet; thence N 89 49'59" E for 432.82 feet; thence N 01 23'29" W for 352.81 feet; thence N 89 17'44" E for 227.12 feet to the actual POINT OF BEGINNING; thence N 89 1744" E for 142.98 feet; thence S 0120'41 " E for 356.28 feet; thence N 89 49'59" E for 364.48 feet; N. 0122'45" W for 360.07 feet; thence N 89 1707" E for 138.92 feet; thence N 00 5 P02" W for 625.06 feet; thence N 75 20'47" E for 8.52 feet; thence N 80 3525" E for 143.87 feet; thence S 3140'02" E for 86.44 feet; thence S 67 1 P10" E for 588.34 feet; to the Northwest corner of Lot 4, FIRETHORNE ESTATES SUBDIVISION, an addition to the City of Grand Island, Hall County, Nebraska, thence S 09 24'02" W on the West line of Lots 4 and 3 of said subdivision for 887.07 feet to the Southwest corner of said Lot 3; thence S 69 58'00" W for 410.16 feet to a point on the East line of Lot 1 of said subdivision; thence S 47 27'08" E 362.61 feet; thence N 89 49'49" E 507.24 feet to a point on the West line of Lot 1 of said subdivision; thence N 01 2' )'10" W 60.00 feet Northerly of the Northwest corner thereof; thence S 89 49'59" W for 60.01 feet; thence N 01 23'04" W for 354.94 feet to the POINT OF BEGINNING, said tract containing 19.82 acres more or less. WHEREAS, Hatch purchased the subject real estate from Dana Jelinek, Ron Jelinek, Michael D. Roush and Marlene D. Roush by virtue of a Real Estate Purchase Agreement entered into by and ong the parties on the /D day of July, 2003, which transaction closed on September A, 2003; WHEREAS, by virtue of the afore- referenced agreement, Roush retained ownership of a 60 x 40 metal outbuilding currently situated in the northwest corner of the subject real estate; WHEREAS, the parties desire to confirm the ownership of the metal outbuilding and to provide for the proper disposition of the improvement particularly in the event of the death of any of the parties hereto. 1