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C. Suaband will titael
y pay a~ hold Wife hanaless
from all liabilities listed in Schedule 3. Wife-will timely
pay and hold Husband harmless from ail liabilities listed.
in Schedule 4. A debt listed neither in Schedule 3 nor 4 .
will be the sole responsibility of the party wha has incurred
or may hereafter incur it, and the party who incurred it must
timely pay it and~hold the other party harmless from it.
D. To clarify ownership and avoid future controversy,
all separate property of the parties is listed in Schedules
5 and 6. The property listed in Schedule 5 now is and here-
after shall be Wife's separate property free from any claim
of .Husband; and the property listed in Schedule 6 now i~ and
hereafter shall be Husband's separate property free from any
claim of Wife. Husband hereby releases and quitclaims to
Wife all property described in Schedule 5 and Wife hereby
releases and quitclaims~to Husband all property described in
Schedule 6.
E. All community property which is not listed in any
attached Schedule shall be owned by Wife and Husband as equal
cotenants; and each party hereby conveys and assigns to the
other an undivided one-half interest in any community property,
owned by the granting party, which is not listed on any attached
Schedule.
F. _The above arrangements regarding the property of the
parties are intended to effect only a partition of the com-
munity estate and to clarify the present ownership of the
listed separate property. The purchase or-sale of any asset
~or group assets is-not intended .and any money payment or -
assumption of liability specified in this Section is owelty ~
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required to equalize values.
s
• -Section III
GOVERNING LAW i
• 4
This.~'R}~eement is performable in Texas and shall be
conlst~u~d _tuic~~ert~orced in accordance with the laws of that -
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- • ~ , ' . BOOK 314 PACE 485