HomeMy WebLinkAbout12-01-14 (5) IN THE MATTER OF THE ESTATE . IN THE COURT OF COMMON PLEAS OF
OF RICHARD D. RIFE,DECEASED . CUMBERLAND COUNTY, PENNSYLVANIA
. ORPHANS' COURT DNISION
. NO. 1270 OF 2013
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RECEIPT AND RELEASE ro �`' � �
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KNOW ALL MEN BY THESE PRESENTS that the undersigned, SH1P�'���iJRC� �� �
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LJNIVERSITY FOtJNDATION, INC., Shippensburg, Pennsylvania, does hereby acknowi�dg� receipt� � ,�
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from Elsie W. Swenson, Executrix under the Last Will and Testament of the above-named decedent, of
cash in the sum of $1,800,000.00, on account of and in partial satisfaction of the bequest of residue
contained in Article IlI. B. 13. of decedent's Last Will and Testament.
IN CONSIDERATION of said payment, the undersigned does hereby release, remise, quit claim
and forever discharge the said Executrix, her heirs, personal representatives, agents and assignees, of and
from all actions, suits, payments, accounts, reckonings, claims and demands on account of this advance
distribution.
AND the undersigned does hereby agree to indemnify and save harmless the said Executrix, her
heirs, pers�nal representatives, agents and assignees, and the decedent's estate, to the extent of said
distribution, against any and all loss, damage, costs, verdicts,judgments, awards and expenses which said
Executrix, or her successor, may suffer, incur, be put to, pay or lay out by reason of having made
distribution of said bequest to the undersigned, and the undersigned agrees to refimd to the Executrix, or
her successor, upon receipt of such a request from the Executrix, or her successor, any portion of the
above distribution which the Executrix, or her successor, determines was not properly payable to the
undersigned or which shall at any time be necessary to discharge any debt, expense or liability of the
Estate, including but not limited to any estate, inheritance,transfer or income tax.
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It is the intention of the undersigned to be legally bound by this instrument.
IN WITNESS WHEREOF,the undersigned has caused this instrument to be executed on the
22� day of �-�1 , 2014.
ATTEST: SHIPPENSBURG UNIVERSITY
FOUNDATION, INC.
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COMMONWEALTH OF PENNSYLVANIA )
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COUNTY OF �
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On this,the�_day of '� , 2014, before me,the undersigned
Sve,�. Z�.�l�nqe r
officer,personally appeared �o 1'�rl�C1�ntDn ,vvho acknowledged [himself/herselfJ to be the
G1r�a.�r ��rsor
�r���Qrl� � (�'� of SHIPPENSBURG LTNIVERSITY FOIJNDATION, INC., a corporation,
and that [he/she] as such officer, being authorized to do so, executed the foregoing Receipt and Release
for the purposes therein contained by signing the name of the corporation by [himself/herselfJ as such
officer.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
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Notary Public
My Commission Expires:
(SEAL)
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.• � ��/�►� ; GO�MlIOHWEALTH OF PENWSYLVAN:U
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� �.�,• �� •+�` �• S�us�an D. Whitesel, Nokary Fual4C
•,1� � , �t•� f S�hip�p�ensburg Twp„ Cumberland C.ounty
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