The water leak is coming from the right side of the engine, I can't see where it coming from, not from the hoses, is it freeze plug or a water pump, I thought the water pump is visible from top.
coolent leaks on 1995 Mercury Villager
Two hoses feed water/coolant at the rear of throttle body; check these.
I believe the water pump is behind the timing cover - with the timing belt. Could be the source of your leak.
could be a few things - but look at the water pump first as these are known to fail.