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HomeMy WebLinkAbout0592 _ , r ` ~ • s ~ . ~1 J Hife had~died during the lifetime of the Husband; and the Wife further agrees that she Nill not contest any Wi21 taken out by the person or persoas Nho Would have been entitled to do so had the Hife died during the lifetime of the liusband. The Husband agrees that the estate of the Wife including the consideration here- in mentioned, shall belong to the persoris who would have become entitZed thereto if the Husband had died during the lifetime o~ the Nife; and the Husband further agrees that he Will not contest the Hill~~-of the Nife to be probated, and will a11oW administration upon her personal estate ta De taken out by the person or . persons kho Would haye been entit~ed to do so had the Husband died during the lifetime of the Nife. Each party releases to the other and to the heirs, exe- cutors, administrators and assigns thereof a].l clai.ms or rights of doHer, courtesy, or inheritance, descent, distributian, election, or alimony (except that accruing under the provisions of this agreement) in and to all properfiy, real or personal, of the other, Whether noW oWned or hereafter acquired. 4. NIFE'S AND CHILDREN'S DEBTS: There are no c3ebts at this time. Each party becomes indlvidually respons le for any debts they incur after 17 January 1977. Should the Husband hereafter be requested to pay any debts of the Hife ~ for Which he is not liahle under the terins of this Agreement, tie ma?y pay such debts and charge the payraent as a credit against alimony or support payments. ~ 5. DIVISION OF PERSONAL PROPERTY: The parties have heretofore divided _ their personal property to their mutual satisfaction. Henceforth, each of the parties shall own, have and enjoy independently of any c].aia~ or right of the other F3rty, all items of personal property of every kind, nature and descrip- tion and xheresoever situated, Which are now owned or held by or which may hereafter belong to the Husband or kife, Hith full power to the Husband or the Wife to dispose of same as fully and effectually, in all respects and for all purposes as if he or she were unmarried. A11 items of personal property shallf~ be divided betFreen the parties as provided herein: ~j a a. AUTOMOBILES: The I975 Dadge Van in the name of the Husband, of an agreed value of 4,500, free and clear of all liens shall be the property of the Husband. The 1967 Opel automobile in the name of the Hushand, of an agreed . value of 5300, free and clear of all liens sha11 be the property of the Husband. The I97++ Rudy's Caravaner 17 1/2 foot travel trailer, of an a,greed value of ~ $3,500, free and clear of all liens shall be the property of the Husband. b. PERSONAL EFFECTS: All items of personal effects such as, but not limited to, clothing, jewelry, luggage, sports equipment, hobby colleetions and books, but not including furniture or any property, personal or otherwise spec- ifically disposed of pursuant to this Agreement, shall become the absolute and sole property of that garty,who has had the principal use thereof or to whom the property Was given or for whom it uas purchased, and each party hereby sur- renders any interest he or she may have in any such tangible personal property of the other. ~ c. INTANGIBLE PERSONAL PROPERTY (Other than Life Insurance): All stocks, bonds, cash and sums on depos~t in c e uig an savings accounts (oxned by either or both parties) shall be divided as soon after execution of this , Agreement as practicable in the following manner: 1 - (L t[ • ~ / / ± ~ • ROBERT H. BOYD ' AT CIA C. BO D PAGE TiiO OF FIVE PAGES ~ . ~ Pi~ ~ ~ACE ~ ' ~ ~