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HomeMy WebLinkAbout97-06439 I. SIiI','RA'I'ION: It sllll11 be luwfulfur eueh Jlurly ut ull times hCl'ellller It) live ~eJlurnlc undullurt 1r.1I11 the olher ut ~u~h Jlluee or Jlluees us he or ~he muy 1;")111 time tollJ11e choose 01' deell1lit. 2, IN7'HRfo'HRI:WCH: Eu~h purly shull he Iree Irom Interference, uuthorily und eonluet by the other, u~ lully u~ if he or ~he were ~Inglc undunll1urrlcd, exeeJltu~ J11UY be neccs~ury to curry out Ihe provisions of this Agreement, Neilher purty shull molest the olher nor ulleJ11pt 10 endeuvor to 1l10lestthe otber, nor ~ompcl the other to ~uhublt wilh the olher, nor inuny wuy huruss or J11ulign the other, nor Inu.ny wuy Interfere with the peucelill existence, sepurutc und apurt from the other in ull resJlects as ifhe or she were single andunmurrled, 3, ""PH'S DEB7:V: Wire represents und warrants to Husbund that since their separation on or about Oclober 18, 1997 she has not, und in the future she will not, contruct or incur by debt or liability for which Husband or his estatc might be responsible and shull indell1nify, defend and save Husband hamlless Irom any and ull cluims or dcmands made ugulnst him by rcason ,?f debts or obllllutions incurred by hcr. 4, HUSBAND'S DHBTS: Husband represcnts and warrants to Wile thut sincc their sepuration on or ubout , Octobcr 18, 1997 he has not, and In the futorc he will not, contract or incur uny dcbt or liability lur which Wife or her cst ute might be responsible und shall indcmnlfy, dcfend and save Wife harmless from any and all claims or dcmands made aguinst her by reuson of debts or obligations incurred by him, 2 7, IWUl1ill11.1:' mSl'RlIllIl'/ON OF.JlMJJ.1Idf. I'RO/'I;lfDi Thc purtics huvc IllIcmplcd hI distrlhutc thcir muritul prupcrly in u munncr which cunl\)rmM lu Ihc critcriu Kctlllrth in 23 I'u, C,S,A, Sccliun 3501 l'I, ,\'<'11" und IlIkln!! inh) uccuunt thc 1l1lluwlng considcrlltilll1K: Ihc Icn!!th of thc 1I1111Tlllgc; thc U!!c. hcullh, slUllull. umuunt und Muurccs uf Inclllllc, vucutionul ski 11M. cmpluyuhllity, cSlutc, lIuhlllllcs und nceds of cuch of Ihc purtics; Ihc cunlrlhution uf cuch puny tu thc cducutlun. Irulning or Incrcuscd cumin!! puwcr uf thc other purty; Ihc opportunity of cuch purly Il)r futurc uC'luisilions of cupllul usscts und Incomc; thc sourccs of incomc of hoth purtlcs, Including hulnolllmilcd to mClllcul, rctircmcnt, insurancc 01' othcr hcncnts: Ihe contrihollon or dissipation of cllch party in thc uC'luisition, prcscrvution, deprccllltion or upprcciation of thc nmrilul properly, including thc conlrihotion of cach spousc as a homcmakcr; Ihc valuc of Ihc prupcrly scl apurl to cuch party: thc stundul'llof living of the parlies estahllshed doring the nmrriagc; und thc cconomi,; circumstances of clleh party althe time the division ofpropcrly is to heeomc clTeetivc, Thc division of existing Illuritul property is not intcnded by thc purties to constitute in any wuy a sale or cxchange of assets. und thc division is being effected without the introduction of outside funds or olher property not constituting marital property, The division of property under this Agreement shall he in full satislaction ofallmaritul rights of the parties, A, DISTRIBUTION OF PERSONAl. PROPERTY: The parties hereto mutually ugree Ihatthey have effected a snlisliletory division of the furniturc, household Ihrnishinlls. appliances, and other household personal property between thelll, and they Illutually ugrcc Ihat ench party shalllrolll and aner the date hereof be the sole and sepurate owner of all such tangihlc pcrsonal property presently in his or her posscssion, 4 und Ihls Agrcement shull huve the elTeetuf Un usslgnmentor bill of sale lhull eaeh pllrty to the other fur such property as may be In the individunl pussessionofeueh ofthc parties hereto. The parties heretu have divided between themselves, to their mutunl sntisfaetion. nil items of tangiblc and Intunglble mnrltul property. Neither purty shallmuke any clnim to nny sueh items of murital property, or of the sepurute perf'Onul property of either pnrty, whleh are now in the possession und/or under the control of thc other, Should it bccome nceessury, the pnrties euch agrec to sign. upon request, nny titles or documents necl:ssnry to give cffcct to this puragraph. Property shull be deemcd to be in the possession or under the control of either purty il; in the cuse of tallglble personal property, the item is physicully in tlw possession or control of the purty at the time of the signing of this Agrecment and, in the easc of intangible personal propcrty, if any physical or wriUen evidence of ownership. such as passbook, chcckbook, policy or certilicate of insurance or other similar writing is in the possession or control of the party. Husband and Wife shall each be deemed to be in the possession and control of his or her own individual pension or other employee benelit plans or retirement benefits of any nature and Social Security benefits 10 which eilher party may have a vested or contingent right or interest at Ihe time of the signing of this Agreement, and neither will make any claim againstlhe other tor any interest in such benefits. From and uller the dute of the signing of this Agreement, bOfh purties shull huve complete freedom of disposition as to his/her separate property und any property whieh is in their possession or control pursuunt to this Agreement und muy mortguge, sell, grunt. convey, or otherwise encumber or dispose of such property, whether reulor personul, whether such property wus ucquired before, during or aileI' murriage, und neither Husbund nor Wife need join in, 5 9. P/:'NSION ANI) R/:'1'/R/:'M/:'NT /I/:'N/:',..m~'t II is ucknowlcdgcu thulu portion of thc muritul propcrty of thc purtics consist of lIushund's Fcdcrul (iovcml1lent Pcnslon (militury rCllrcmcnt); Wifc's Pcnn MUluul Lifc Insuruncc; Chusc Munhullun Individuul Rclircmcnt Accounl ("UlAs") through wifc's fiJrmer cmploycr. Thc purlics ugrcc thut Wifc will rctuin hcr IRAs und lIusbund shull rctuin liS his own individuul propcrly his Fcdcrul Govcrnmcnt Pcnsion (/lilli/illY IWI/,Iilil/). Wil~ discluims uny right, titlc, or Inlcrcst in SurvivorH hcncfits of lIushund's Fcdcrul (jovemmcntPcnsion, 10, ,1/".A1.TI/ INSURANCEt Thc purtics will cuch bc rcsponsiblc for thcir own mcdieul cxpcnscs und hculth insuruncc covcragc. Ncithcr purty muy cluim coverugc uponlhc othcr's hculth illsuruncc policy, if UIlY. Bolh purtics with indcmnify und hold hunl1lcss thc othcr spousc for uny mcdlcul or hospitulizulion lreutmcnt incurred post scpurution us notcd .II/pm hcrcin, 11. AUMONY: The purlles euch cxprcssly agrees to wuive any right or c1uimlo rcecivc alimony ondcr thc Pennsylvania Divorcc Codc, 12, A1.1MONY PENDENTE UTE. COUNSEl. FEES. AND EXPENSES,;. The partics cxprcssly agrcc to waivc uny right to rcceive ulimony pendente lite, counscl fees or cxpcnses, Euch parly sholl be rcsponsible for their own, respective counscl fees und assoeiatcd expcnscs, 13. INeOM/l TAX RETURNS: Thc purties hove hcrctoforc filcd sepuralc f~dcral and statc lox rcturns. Both parties agree that in thc cvcnt any dcficicncy in l~dcral, stutc or local incomc tux is proposed, or uny usscssmcnt of uny such tux is mudc aguinst eithcr of thcm, cueh will defend, indcmnify and 7 hul" hUl'lnlcss Ihc ulhcr Ihllll un" ulluinsl UIlY luss 1)1' liuhililY I,ll' uny such lux dcficicncy Ul' usscsslllcnl und uny intcrcst, pcnully und cxpcnsc illcurrcd in cunncction thcrcwilh, :-iuch lux, intcrcst, pcnully or C,XpCIISC shull hc puid sulcly ulld cntircly hy thc indivlduul whu is finully dClcnnincd to hc thc cuusc uf thc mlsrcprcsclltutiulIs or fuilurcs lu disclosc thc nulurc ulld CXICIlI of his or hcr scpul'llte incomc ullthc uforcsuid joint rclUl'l1s, 14, IJIAIVIIRS 01' ClAIMS AG,IINST HS7itTHS: Exccpt us hcrcin uthcrwisc provided. eueh purly muy dispusc uf his ur her propcrty in any way, and cuch purty hcreby wuives Ulld rclillquishcs uny und ull righls hc or shc muy now huvc ur hercaner ucquire, undcr thc preselll or futurc luws of uny jurisdiction, tu sharc in thc propCrly or thc cstate' of the uther us a rcsull of the muritul relutionship. including without limitation, dower. curtscy. stalutory ullowance. widow's ullowuncc, right und lakc in intestacy. rillht tu take aguinst the will of the other. and rillht to act us udministrutor or cxecutor of the other's estule. Euch will. utthe rcquestof thc other, execute, ucknowledge und delivcr uny und all instruments which muy be nccessury or advisable to carry into effect his mutuul waiver und relinquishment of all such interests, rights und cluims, 15, MUTUAl, CONSENT DIVORCE: The purties ugrce and acknowledge that their murriugc is irrctricvably broken, that they do not desire muritul counseling, and thutthey both eonsenttu the cntry of a decree in divorce pursuant to 23 Pa. C,S.A. Section 3301(e), Accordingly, hoth parties ugree upon execution of this agreemcnt to execute such eonscnts, ufliduvits, wuivcrs of notice, ur othcr documents und to dirccttheir respcctivc uttol'l1eys to forthwith file such consents. ufliduvits, or other documents us may bc nccessary to promptly proceed to obtuin a divorce pursuant to said 23 Pa. C.S,A, Section 3301(c) in accordance with this ugrcemcnl. Upon request and to the cxtcnt 8 pcrmlttcd by luw und thc uppJicublc Rulcs of Civil I'ruccdurc, thc numcd ddimdullt In 6uch divorcc uction shull exccute uny wuivcrs ur notice or othcr wuivcrs ncccssury to cxpcditc such divorce. It Is thc intention of thc purlics tlllltthc Agrcemcnt shull survivc uny uetion for divorec which muy be institutcd or prosceuted by clther pUrly undno order. judgmentlll' decree of divorec, temporury. linul or perlnunent, shull uffeet or modify the linuneiul terms of this Agrecl1lcllt. This Agreement shull bc ineorpornted in but shull notmergc into uny such judgmcnt or decree of linul divorec, but shull be incorporutcd for the purposes of enforcemcntonly. 16, IJR/:'ACl1 AND HNf?ORCF.MHNT: If cither purty breuehes uny provision of this Agrecmcnt, the othcr purty sbull have the right, ut his or her eleclion. to sue tor damages tor such brcuch, or seck such other remedies or relief as muy be avuiluble .to him or her. und the purty breuehing this Agreement shull be responsible for payment of legul fees und costs incurred by the other in enforcing his or her rights onder this Agrccment. 17, ADDITIONAL INSTRUMENTS: Euch of the parties shull fromtimc to time, utthe request of the other, execute. acknowledge und deliver to the other purty uny and ull further instrumen:s that may be reasonubly required to give full force und effect to the provisions of this Agreement. t8, TAX ADVICE: Both purties hereto hereby ucknowledge und ugree thut they have had the opportunity to rctuin their own accountants, certilied public uccounts, lax advisor. or tax attorney with reference to the tax implications of this Agreement. Further, neither purty hus been given any t'ax udvice whatsoever by their respective uttomeys. Further both purties hereby 9 , , I ,I , , " " ., , " , , " ;) I " ~;u\ ",......,., I I I I ,., '. " ""j >I) ,--, I ! (,'J , , ." '-,.~ I I " .-" , ,-. ," 'lJ I;, 'II) , "d I, ,"" ) " ,II I , , ',' :'1'/' " I :~j .... " ,. , -,f4Ct~'''~~r.lf''; " I' " 1-) IIJ I""} 1 .:') , I .-.,. ~ . " I , , "1 , I," ,I(} ;! I' , , " 11 I' ~ i'l , I ,. . I ....l " ~'i I ~',j ". ., " "~,I \1' 1'1 ,I ! , I ,I 't~" ,~ ~ " I.' V, . "T .... Il(I 4: ,'<j ~ ... .'"0 ;, ." " " " ~ ...... -tI '.'l 'l~ ~ J1- " " r~ '.0 f~ ~J 0 '.,-,1. 'I~ "I' l ~j, . . :.~ ,~,' " , " ,7.l . , " "~ ,,) '..:,.....' ~~ j r.~ 'J , I '~ 1- I.., ~;j ".:\' ,;. .. ~-J j,) ~, ". .- , , .' 'I /' ,. I 'fl I. " f) 'I.) (1 Co.. ...j 'I" ",. c, -Qi'i7 "'. ',') " l'!] I ,i ~ .:: I '1 ~},J I" " , ,t".) ;1'1:) " .". IJj I, .' I) <.:11 ( ~ Ii: , hI :.1'\ f:-;, ,,,Ir , ,J .. .-, ::~1 ~Il 15 ~'... 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