HomeMy WebLinkAbout0929 ~ S
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7he Husband has a 11fe insurance poltcy with the Hartford Cort~any ;
in the amount of s200.000.00 for death benefits. It is agreed that the -
Nusband shall matntain the policy enfo~ce and irr~vocabiy For the benefit
of the three children.
9. RELEASE5: Each party releases the other of all claims.
demands. special equities and c~uses of action except a~ provided for
herein, and further that eact~ agrees not to make any ciaims against or
under the others e~tates or under any Will or codicils heretofor executed.
10. INDE6TEDNESS: The Nusband and Wife agree to individually and
sepa~ately assume the resporisibility for all marital indebtedness
accrording to the attached schedule of debts, Exhibit "A". The parties
~specifically promise to ir~demnify, defend and hold each other harmless for
any liability arising out of the separately and individually ass~med debts
in the event Joint creditors should seek to collect any debt from a non-
assuming party. Additionally, the parties mutually promise not to pledge.
invoke, impair or otherxise affect the credit of the other party.
11. BILLS: For the purpose of this paragraph, "Btils" are -
defir~ed to be charge accounts and otrligations which accrue and are i~curred
in the ordinary course of events on a daily basis by a Husband and Wife.
~ Except as otherw'ise provided he~ein, each party hereto agrees
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~ that they sh~ll be responsibie for, and h~ld the other party harmless far
the payment of any biiis incurred by either of them subsequent to the date
ti~is Agreement has been entered into by both parties. In the event there
~ are any bt 1)s incurred by one party b; the use of the credit of the other
~ par~y subseque~t to the da~Ce this Agreement is entpred into by both
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~ parties, the party whose name or signature appears on the charge #n
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question shall be responsibie for the payment of said bill and shatl
indemnify and hold the other party harmless for the payment of the same.
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~ !2. DIVISION OF PERSONAL PROPERTY: Each party shal~ keep ail
personai effects presently in his or her possessions, as their individuai, {
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sole and exclusive property. The parties sha11 otherwise divide their
Joint personal property according to the attached schedule of personal
~ property. Exhibit "6".
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B~CK 552 PACE
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