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<br />I
<br />
<br />83-4)01918
<br />
<br />SEVERANCE AGREEMENT
<br />(To be executed by owners
<br />and mortgagees)
<br />
<br />83~62
<br />
<br />r ~ ~~ - ,-::-
<br />.~A,t -~",--r.;.;.;-
<br />
<br />WHEREAS, Plan-A-Auto, David L. Middleton & Jeffrey: R, .Garey , ~
<br />~~. have applied to The First National Bank of Grand Island, Nebraska,
<br />..__-/ for a loan for the purpose of purchasing a 1977 E-Z Space Office, Serial
<br />No. 124077108 12' x 40' ,and are contemplating placing such mobile ~ office
<br />on a foundation on the following described real estate, to-wit:"
<br />;...t ~I efctfT E J.lon <.,' 1 o~ H). If {>l ~,- l~" h J.."So", S"l,}
<br />
<br />S\'e<:\~'s j 'j cA .;,~ .
<br />. SOUTH
<br />LOT TWO (2) WOODRIDGE /SUBDIVrON 102,67 X 260' .
<br />and
<br />, they have agreed to give to The First National Bank of Grand Island
<br />as security for such loan, a mortgage on and a security interest in such mobile
<br />~. office.
<br />
<br />NOW, THEREFORE,
<br />
<br />owners and mortgagees* of such real estate hereby covenant and agree that such
<br />mobile home,
<br />
<br />1. Shall remain severed from said real estate, and
<br />
<br />2. Even if attached to the realty, shall retain its personal character;
<br />shall be removable from the real estate; and shall be treated as personal
<br />property with respect to the rights of parties and shall not become a fixture
<br />or part of the real estate, and
<br />
<br />3. Shall not be subject to the lien of any security transaction or instru-
<br />ment heretofore or hereinafter arising against the aforesaid real estate upon
<br />which such mohile :laiaRlf is to be placed, until
<br />office
<br />(a) the expiration of the lien of The First National Bank of
<br />Grand Island, Nebraska, or any renewal thereof, and
<br />
<br />(b) until the repayment of said loan.
<br />
<br />,It is further understood and agreed that if such mobil e ~eis acquired
<br />by T~.e.. Fi rst Nati ~Q~] Bank of Grand Is 1 and through forec 1 osure or other means,
<br />.-. that such mobile ~cShall, at the option of the Bank, be allowed to remain
<br />.~ on the above described real estate for a period of not to exceed six (6)
<br />months after the date of the acquisition thereof at no expense to The First
<br />National Bank of Grand Island.
<br />
<br />
<br />IN WITNESS WHEREOF, the
<br />signatures this 31st day of
<br />
<br />P~UTO
<br />Bv: '1-.... . I r jl.l/~.-
<br />
<br />Da id L. Midd~on
<br />
<br />h
<br />'l('/~~' . )
<br />J'f y Garey
<br />'$TATifOF NEB SKA)
<br />. l SS:
<br />
<br />owners and mortgagees* have hereunto affixed their
<br />March , 19B3
<br />
<br />G-7~
<br />
<br />a~f6're me, a notary public qualified for said county, personally came
<br />. ,~
<br />persons who signed the foregoing instrument
<br />and,acknowledged the execution thereof to be their voluntary act and deed.
<br />
<br />Witness my hand a!:r~:::":Jt~s .~.If~ day o~ ;.yoVz-<..e.~ " 19 J:3.
<br />
<br />llMIfl.DlWl8 ,/, ;)..
<br />. .. ...-......"'.. -'(,''7<'0,,4, ,4{t;~
<br />
<br />* Delete the term not applicable
<br />(If mortgagee is a corporation, use a corporate acknowledgement.)
<br />
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