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HomeMy WebLinkAbout1929 Ray and his partner, J. Frank Broome, in their partnership business, Bluefield Dairies, and Ray nereby agrees t~ protect and save har~less and indemnify Marilynn Por any sums which shz riay be called upon to pay in connection therewith, and in the event she shall be required to pay out of her own funds any sums due upon such encu.cnbrances, she shall thereupon be subrogated to the rignts of the holder ~r holders of the notes secured thereby. 7. Marilynn is to transYer to Ray all of her interesL in any life insurance policies upon Ray or said children. Ray agrees to continue in effect and pay premiums upon such insurance policies as he may now own and as Marilynn shall have transferred to him, ~?7itn the benef iciaries thereof to be said children, equally. At such time as Ray shall make ~ne or more o~ said policies equaling ~50,000.00 Pace value a paid-up policy or policies naming said children, or the survivors o~ then, equally, as irrevocable benePiciaries, and assign the same to Robert B. Butler as Trustee for said children or the survivors oY them, then Ray shall ae free to continu~ in force, assign or terminate or change beneficiaries on r , the remaining policies. The existing policy in which J. rranic Broome ~ and/or his wife is named as benePiciaries shall remain the sane or may be terminated at any time as Ray so desires. ~ 8. Ray agrees to transYer his interest in said Cadillac to N•arilynn and Marilynn agrees to transfer any interest she may have in ~ said Pontiac to Ray. 9. Marilynn has heretofore stated to Ray that she now cor,- templates amending the pleadings in the above-mentioned suit, to request , the Court to grant her a divorce,and to iritr~duce this agreement, or a copy thereoP, into evidence, and to incorporate the same in any f~na~ ;;udg.:~ent entered therein. Husband agrees to pay to Wife's attorneys, E11~s,Spencer and Butler, the sum of $ ~c• , and the Court costs in the ab~ve ~G~:~l l~.ioned suit. 1G. The parties hereto agree to file joint inco~z ta~ returr. for the current calendar year, to the extent that they can ~aw~ully d~ so, - 3 - $ - ~i~ ~1~4 [LLti. YrQNGER ANO 6UTLER. ATTORNEY~ A7 LAW. MOLLYWOOD. PLORIDA ~i _ - . ~Vc ~~y ~ . ~ ~ T'~~.?~ ~y~~ ~ ~ ~ 7~ ,fff ~ _ . ~ . .