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79-- ~ ~p ~ 7l~ `3 SEVERANCE AGREEMENT WHEREAS, !.`P fCtk~l ~• ~' ~ t Pyi f' d4 ~ • ~~/-S husband and wife, hereinafter called the "Borrowers" have applied to the First National Bank of Grand Island, Nebraska, for a lnan for the purpose of purchasing a ~4?'~ tai ~~ G/go{~ ~maf~~e Gut`d,e 1KaG r~tF kr~uh '~ ,and, WHEREAS, the Borrowers are contemplating placing such mobile home on a foundation on the following described real estate, to wit: Lit -~u'o C~) ~~~ {al~r~ ~~,) .r``.a~{~a/~ Rsasl fj,~.~ , ~Lrte C-'fi U t~S r`~ h ~ /~Li'lI ~OG~lt LY /Y `P~YR'S~~ sad, WHEREAS, the Borrowers have agreed to give [o The First National Bank of. Gra~Ad Island, as security for such loan, a mortgage on and a security interest is such mobile home. ROW, THEREFORE, the parties hereto hereby covenant and agreed that such mobile home, 1. Shall remain severed from said real estate, and 2. Even if attached to the realty, shall retain its per- sonal character; shall be removable from the real estate; and shall be treated as personal property with respect to the rights of parties and shall not become a fixture or part of the real estate, and 3. Shall not be subject to the Iien of any security trans- action or instrument heretofore nr hereinafter arising against the aforesaid real estate upon which such mobile home is to be placed, until a) the capitation of the lien of the First Rational Bank of Grand Island, Nebraska, or any renewal thereof, and b) until the repay~At of said loan. It is further understood and agreed Lhat if such mobile home is acquired by tine First Rational Bank of Grand island through foreclosuz., or other means., that ssxh eabile hose shall, at the option of the Bank, be allowed to remain -- s~ the a3~:e d~crib~ real estate far a perioa of ram to exceed sir (53 months after the date of the acquisition thereof at no expense to [he First National Dank of Grand Island. IR WI ~~5S iEOF, the Borrowers have hereuntn affixed thelr signatures this Yj~_ day of t~tF{-t`,~j ~L~ ~- //~~ ~f ~~..~,.~~~~pQ /~ y~rpe ~f~~.a ~~~~~3~~~-fit ca,~ 7,~/i.stl/~,2.~; V14LQ YS' '~+-^IFA.lAA ~ if SS: Before ae, a tarp public qualified far said county, persanaily came husband and wife, known to me to be the ldeatical peravns who aigmed the faregoiag iAatrwaeAL and acknowledged the es4secutiam thereof to bar th@i.r voluntary act and deed. if3.ffiaaa a+y hoed and ~tarial seal on this ___•_e ;_ A+IQ of ,,,[ . X477 ~ •.... c3' -' T - ~.- ~ •_. .. 3lir Casaisaira Eapirea ~f~. ' t 4k '-