Dr Farrell's £800,000 pension fund is being released.
Dr Farrell pays the Irish Permanent £50,000 soon and £100,000 within five years.
Dr Farrell and his wife retain ownership of Grasmere. The Bank of Ireland had a £218,000 charge against the house.
The Irish Permanent takes possession of a £100,000 condominium in Boston from Dr Farrell.
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