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.. ._,.. . •' -~'~~ p~nt~~~ SEVERA.~GE AGREEttENT IdfiEREAS, Sohn L. Feisi~er husband and wife, hereinafter called the "Borrowers" have applied to the First National Bank of Grand Island, Nebraska, for a loan for the purpose of purchasing a 1974 Geer, mobile ~ht2a~= 1~ x 70, seria3~1¢27i3F'I,bQt)18j, refrigerd~(~r, range, washer, dryer, ~ ''en~E~ERT.x~~the Borrowers are contemplating placing such mobile home on a foundation or. the following described real estate, to wit: Let R`wentY ~2C~ in ~~ Fourth Stzbdi~ision, in t=':e 1Tiliage of .~.13a, Ha11 County, aebr..ska. and, NHEREAS, the Borrowers nave agreed to give w The First National Bank of Grand Island, as security for such loan, a c:nrtgage on and a security interest in such mobile home. NON, T:iEREFOR£, the parties hereto hereby covenant and agreed that such mobile home, 1. Snail regain severed from said real estate, a^~ 2. Even if attached to the realty, shall retain its per- sonal character, shall he remotable from the real estate; and snail be treated as personal property wish respect is the rights of parties an3 sl:ali net becoae a fixture or nnrt of the real estate, an3 3. Shall rnot be subject to the lien of any security trans- aciioa or instrument heretofore ar hereinafter arisir>g against the aforesaid real estate upon w~iich such mobile hose is to be placed, until a) the expiration ai the lien of the First Rational Sank of Grand Zsiand, ::e3araska, or any renewal thereof, and b) until the repayment of said lean. It is further understood and agreed that if such mobile home is acquired by the First Rational Bank of Grand Island through #areclosure or other means, that such mahiie hams shall, at the option of tae Bank, be alloyed to remain on the shave described real estate for a period of not to exceed six {Sl ntenths after the date o` the acgaisitian thereof at na expense to the First Rational Bank of Graxtd Island. IN LiT1v'ESS Mz!££REflF, the B~{row rs have hereunto affixed their signatures this ,~/~ day of `L1.1~ <~ --~ SYAfE flF NEBIt1sS1C.4 j '~~~ ) ~s ~i+ Bef;re ~. a ss~tary public qual4fied for said county, personally came husband and wife, known [a me to be the identical persams srho signed the foregoing instrument and acknowledged the execution thereof tp 6e their voluntary act and deed. ~`f_ Nita d notarial seal on this ,~~ day of (,,/(~'" . 5~~~ ,~~ Notary Public Z/ 3~ ~ ~~. ~ t .^ ~~~