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SEVERAP3CE AC.tZEE'tENT 81-.~~(~59~~ WHEREAS, Verne Eo Fsor Patricia 11. Pena$ 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 Walden 2QxEr0 P+Iobile Home and , WHEREAS, the Borrowers are contemplating placing such mobile home on a f~iundation on the following described real estate, tv wit: Part East '~ of SE4 of Sec 22 Township 11 Barge q and , W}tEREA5, the Rnrrnwaro have agreed to give to The Yir.,. ;:ativnal Bank of Grand Island, as security for such loan, a mortgage on and a security interest in such mobile home. NOW, THEREFORE, the pa~'-1es 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 he removable from the real es [ate; and shall be treated as personal property with respect to the rights of parties and shall not become «a fixture or pant of the real estate, and 3. Sha12 not be subject to the lien of any security trans- . action or instrument heretofore yr hereinafter arising against the aforesaid real estate upon which such mvbile home is to be placed, until ' a) the expiration of the lier, of the First National Bank of Gtni~~I I.~7.anti, ivee-aska, or pry renewal thereof, and b) until the repayment of said loan. It is further understvod and agreed that if such mobile home is acquired by the First National Bank of Grand Island through foreclosure or other means, chat such mvbile hvme shall, at the option of the Bank, be allowed tv remain ' en the above descrihed real estate for a oeriad of rat to exceed six (fi) months I after the .late of the acquisition thereof at no expense to the First National flank of Grand Island. owners of described property IN WI'PNESS WHEREOF, the ~~~~~~y~ h::ve hereunto affixed their signatures this day of I,arrY W. Bank (deceased ~ _ f/ ,,~ ~ ~¢ R 120.~„~ ~ STATE OF-ii'F3Bitr49KA ) Clara Bank SS: COUNTY oF..~'1.~t7 ~ eo~~- ) Before me, a notary public qualified For said county, personally came , husband and wife, known to me to be the identical persons who signed the foregoing instrument and acknowledged the execution thereof to be their voluntary aet and deed. Wit;~~ ~1'apd and notarial seal on this ~~ day of ~~1b \ ~ r f.~` ~ ~+~ ~ ~} t' r Notary Pub is ~ i ~y Go^h ~ ~~~mtssion Expires Au~B 14F1 r~r~b~~N fi,~tiy - ..;s:.l~lk ~-