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HomeMy WebLinkAbout94-04858 L.o ~ ~ " ',I I , . -I " l. tt :J ~ Iii ~ r J ,'.1 00 lO 00 -=r " , I, " ,. .:<<. .~:~ ':.~,.~=!:'. .~~. ~'~~:'._':':~' .,.~.......~. ..'!~. ~~'. ':t:: .:~;.~ <.~. ::+;', ',:+:' ':~:'.. .:+;. ':~;' .:+> :- .~' .:.;. '~;'. .:.:: ':.:', '~.:: ':~;'. .~<<: 5~, .... ~: ... ... I~ 'I Il' ~: 18 ,\ I ~: IN THE COURT OF COMMON PLEAS $ 8i 8 8: OF CUMBERLAND COUNTY ~ ~I ~ :! STATE OF ;~~~e PENNA. ~I 8 18 , '8 ok. .3~q~ p~ i: , ' " " DEBRA S. STOUFFER, 4858 civil rrer'l) 94 81 8 ~ 8 ~i . I ~l ~I '( ~l : I Mi , I Plaintiff i\ t), y,I',II, JEFFREY L. STOUFFER, Defendant DECREE IN AND NOWA .~O ~ va R ,flc; d d h '(jr:;::bra S. stouffer, ecree t at . . . . . , , ~ ;;: ~ ~ it is ordered and , ., plaintiff, . . . '. defendant, Jeffrey L. stouffer, 8 and .. " are divorced from the bonds of matrimony, ~ .~ " " The court retains jurisdiction of the following claims which have been raised of record in this action for which a final order has not yet been entered; .. " w ., ~ .. " All economic issues raised of record are resolved by the mar 1 teil . settlement. agreement: . executed by the parties 'on DeCEllilber 5, 1994... ..A true and correct .copy of. the agreem.ent .is. .att/l.cneli, as Exhibit " " ~ ~ ~ 8 ~ . ~ -q '.>..t;, .w., , . /j Xl i, f r,.., 1 ~/~/ I" / g. '.,.v -J' J <. t '//'~ . /~..~~.,,/~r,,> . r ~-,-.;~ b.-;{ -~""honolary :~ .:+:. .:.;. :+;. -:+:- -:+:- <.;. .:.;. -:+:- .:..:. .:.;. <.;. .~.;. <t;. .:.:. .:.;. ~ 8 8 $ 8 8 ~ ~ 8 " " ~ .~ I" !,~ ," I',' (~ ( ~.' , ,'" ( ., I,,' ',~ , \~ , ' I.,. ,~ i~ /., I... ~~ ;~ ,~ ,'~ :~ , :~ * , ~ ,~ ~ :~ .. .. IWUTAL SftT.L!l.HENT MM.tlHMT. THIS AGREEMEN'l', made this 2/1-_ day of Dec~ho.... 1994 by and between Debra S. Stouffer ("Wife") of Cumberland County, Pennsylvania and Jeffrey L. Stouffer ("Husband") of Dauphin County, pennsyl v6.nia. WITNESSETH: WHEREAS, the parties are Wife and Husband, married on December 29, 1979; and WHEREAS, Wife and Husband are the Plaintiff and the Defendant respectively in a divorce action filed in the Cumberland County Court of Common Pleas at No. 94-4858; and WHEREAS, three children were born of the marriage: Melanie A. Stouffer (OOB: 6/5/80), Amy L. Stouffer (DOB: 2/26/82), and Jeffrey L. Stouffer (OOB: 8/13/84); and WHEREAS, unhappy differences and difficulties have arisen between the parties, in consequence of which the parties intend to live separate and apart for the rest of their natural lives; and WHEREAS, the parties desire to settle fully and finally their respective financial and property rights and obligations as between each other, including but not limited to: the ownership and equitable distribution of real and personal property; past, present and future support, alimony and/or maintenance; child support and cllntody; and any and .\11 claim,; which eitt",r party has, or may h.,VC, iI<Jain,;t th,.. nth..! or. Ih" (Jt ll.;'!' ',; e,;t..~t,.., EXHIBIT I ^ , '" NOW, THEREFORE, in consideration of the mutual promises, covenants and undertakings hereinafter set forth and for other good and valuable consideration, receipt of which the parties acknow- ledge, Wife and Husband, each intending to be legally bound, hereby covenant and agree as follows: 1. SEPARATION - Each party shall have the right to live separate and apart from the other party, free from the other party's interference, authority and control. Neither party shall harass the other or attempt to harass the other, nor compel the parties' cohabitation. 2. WIFE'S AND HUSBAND'S DEBTS - Except as otherwise set forth in this Agreement, the parties represent and warrant to each other that they have not incurred and will not contract or incur any debt or liability for which the other or the other's estate might be responsible. Each party shall indemnify and save harmless the other party from any and all claims or demands made against the other by reason of debts or obligations incurred by that party. 3. JOINT DEBTS - The parties acknowledge that they havo no debts which were jointly incurred during their marriage with the exception of the following: ~ . . .' Account Balance DUll GE Capital Mortgage New Cumberland Credit Union Mellon Bank $93,000 6,000 12,700 The parties acknowledge that neither party has been residing the marital residence located at 131 15th street, New Cumberland, Pennsylvania. The property is subject a contract of sale, settlement of which will occur on or about December 5, 1994. The Capital Mortgage will be satisfied at that settlement. The parties further acknowledge that no proceeds will be paid over to either party as a result of this sale. The other debts are subject to the bankruptcy petition which Wife filed to the U.S. Bankruptcy Court at #94-00634RJW. Any debts or obligatbns incurred by either party in his/her individual name, whether incurred before or after separation, are the sole responsi- bility of the party in whose name the debt or obligation was incurred. 4. DIVISION OF PERSON~PROPERTY - The parties have divided their personal property prior to executing this agreement. The parties waive and relinquish any and all claims which they may have, if any, to all items of personal property currently in the possession of the other party. 5. IfOT.9R_Vll.l:!lgI,.EII - Wife shall retain sole and exclusive ownership of the 1 <Jll(, Iluick Century titled in Wife's name. . 6. LIFE INSURANCB POLICIES - The parties acknowledge that neither p~rty has acquired any life insurance policies with a cash or surrender value. 7. DIVISION OF BANK ACCOUNTS. INDIVIDUAL RETIREMENT ACCOUN~ AND CERTIFICATBS OF DEPOSIT - The parties acknowledge that they have not acquired during the marriage any individual retirement accounts or certificates of deposit. Neither party shall make any claim to the checking or savings accounts established by the other. 8. PENSION Husband recently elected to take early retirement in the civil service Retirement System and has received a lump sum check in the amount of $22,503.97 in full and final payment of all retirement benefits to which Husband is entitled. Husband agrees that, within two (2) days of his receipt of the check, he shall accompany Wife to hi6 bank at which time Husband shall negotiate the check and deliver to wife fifty percent (50%) of the check amount. Upon her receipt of her fifty percent (50%) share of Husband's retirement check, Wife waives and relinquishes all additional claims, rights and interest, if any, to any additional retirement benefits, if any, to which Husband may be entitled. 9. ~Jl~L EBT~1'1! - See paragraph 3 above. 4 , .. 10. INCOME TAX LIADILITY/RtlFJlIm - During the marriage, Husband and Wife have filed joint federal, state and local tax returns. The parties agree to share, on a pro-reota basis according to each parties' income, any tax liabilities, including payment of interest and penalties, arising out of the filing of any joint returns during the marriage. 11. STOCKS. SECURITIES AND OTHER INTANGIBLE ASSETS - The parties acknowledge that they have not acquired any stocks or similar assets during the marriage. 12. ~R-ACOUIRE~PROPERTY - Each of the parties shall own and enjoy, independently of any claims or rights of the other, all real property and all items of personal property, tangible or intangible hereafter acquired, with full power to dispose of the same as fully and effectively as though he or she were unmarried. Any property so acquired shall be owned solely by that party and the other party shall have no claim to that property. 13. SPOUSAL SUPPORT AND ALIMONY - Each party expressly waives any and all claims to support, alimony pendente lite and alimony. <J , ~ 14. r.lJU,L.lLJlUBTODY Wife shall continue to have primary custody of their children. Husband shall have partial custody at such times and under such circumstances as the parties agree. 15. COUNSEL FEES AND EXPENSES - Neither party shall make any demand on the other for payment of legal fees and expenses. 16. TAX CONSE~UENCES OF PROPERTY TRANSFER - The parties have negotiated this Agreement with the understanding that the property transfers described in this Agreement fall within the provisions of section 1041 of the Internal Revenue Code, and as such will not result in the recognition of any gain or loss upon the transfer by the transferor. 17. ADVICE OF COUNSllL - Wife's counsel has explained to Wife the provisions of this Agreement and their legal effect. Having been advised of his right to independent legal advice from counsel of his selection, Husband has chosen to execute the agreement without its review by counsel on his behalf. Each party confirms that he/she understands fully the terms, conditions, and provisions of this Agreement and believes them to be fair, just, adequate and reasonable under the existing circum- stances. The parties further confirm that each is entering into this Agreement freely and voluntarily and that the execution of this Agreement is not thn result of any duress, undue influence, collunion, or improper or illegol agreement. (, ... 18. IfAIVEB OF RIGHTS AND MUTUAL REI&Am - Except as prov ided in this Agreement, both parties absolutely and unconditionally release and forever discharge each other and their heirs, execu- tors, administrators, assigns, property and estate from any and all rights, claims demands or obligations arising out of or by virtue of the marital relationship, whether such claims exist now or arise in the future. This release shall be effective regardless of whether such claims arise out of former or future acts, contracts, engagements or liabilities of the parties or by way of dower, curtesy, widow's rights, family exemption or similar allowance, or under the intestate laws, or the right to take against the spouse's will, or the right to treat a lifetime conveyance by the other as testamentary, or all other rights of a surviving spouse to participate in a deceased spouse's estate, whether arising under the laws of Pennsylvania, any state, commonwealth or territory of the United states, or other country. Except for any cause of action for divorce which either party may have or claim to have, and except for the obligations of the parties contained in this Agreement, each party gives to the other an absolute and unconditional release and discharge from all causes of action, claims, rights or demands whatsoever, in law or in equity, which either party ever had or now has against the other, including but not limited to alimony, alimony pendente lite, equitablo distribution of marital property, counsel fees or cxpnnSC5. ., ~ 19. IllI~T or DIYORCE DECREE ON AOREEKENT - Either party may enforce this Agreement as provided in section 3l05(a) of the Divorce Code, A~ amended. ~s provided in section 3105(c), provisions of this Agreement regarding equitable distribution, alimony, alimony pendente lite, counsel fees or expenses shall not be subject to modification by the court. 20. DATE OF EXECUTION - The "date of execution" or "execution date" of this Agreemont is the date upon which it is signed by the parties if they sign the Agreement on the same date. Otherwise, the "date of execution" or "execution date" shall be the date on which the last party signed this Agreement. 21. HEADINGS NOT PART OF AGREEMENT - The descriptive headings preceding the paragraphs are for convenience and shall not affect the meaning, construction or effect of this Agreement. 22. SEVERABILITY AND INDEPENDENT AND SEPARATE COVENANTS - Each separate obligation shall be deemed to be a separate and independent covenant and agreement. If any term, condition, clause or provision of this Agreement shall be determined or declared to be void or invalid in law or otherwise, then only that term, condition, clause or provision shall be stricken from this Agrec- H . ment and in all other respects this Agreement shall be valid and continue in full force, effect and operation. ~3. ADDITIONAL INSTRUMENTS - Within ten (10) days after a request to do so, the parties shall execute, acknowledge and deliver to the other party any and all instruments, assignments, releases, satisfactions, deeds, notes or other writings which may be necessary to give full force and effect to this Agreement. 24. AGREEMENT BINDING ON HEIM - This Agreement shall be binding on and shall enure to the benefit of the parties and their respective heirs, executors, administrators, successors and assigns. 25. INTEGRATION - This Agreement constitutes the entire understanding of the parties and supersedes any and all prior agreements and negotiations between them. There are no representa- tions, warranties, covenants or promises other than those expressly set forth in this Agreement. 26. MOD'tFICATION OR WAIVER TO BE IN WRITINg - No modif ication or waiver of any term of this Agreement shall be valid unless in writing and signed by both parties. ') "I hVR 10 II ~r, II" ,~~ " ! " 1\,11 " , , .,:.~ "HII/lllt-I,'" ,.li'.11 \r 'jj I:. " , I', 11 I " ,. . , IiI J/ I " 11'1 " , 'i' , " " I, " " 't H , ., I" ,I", " 'd, " , , " , , , I" " - I, 'I ~ ,. ,,.,, ....)" ' L """'1.,.,.....11:\1""" I '~ Iii ,ff . , I) \,' .. .. ""-;-- ,. THPaA ......IITT MALa COUN.LOR AT LAW 10 IOUTH MAIne.., IOUA". IUITl:IOO HA""lgU"CI. "A 1 " 01 ,--~._J ,--. ___.J . Thereaa Barrett Hale Supreme Court 146439 10 South Harket Square suite 500 Harriaburg, PA 17101 (717) 233-3220 Attorney For Plaintiff COURT OF COHHON PLEAS OF CUHBERLAND COUNTY DEBRA S. STOUFFER, Plaintiff v. NO. 94-4858 Civil Term JEFFREY L. STOUFFER, Defendant CIVIL ACTION - DIVORCE PRABCIPB TO TRANSMIT RBCORD 1. Ground for divorce: irretrievable breakdown under section 3301(C) of the Divorce Code. 2. De livery filed of Date and manner of service of the Complaint: Via Hand- on December 5, 1994 per the acknowledgement of service record. 3. (Complete either paragraph (a) or (b).) (a) Date of execution of the affidavit of consent required by section 3301(c) of the Divorce Code: by Plaintiff: February 16, 1995; by Defendant: February 16 , 1995. (b) (1) Date of execution of Plaintiff's Affidavit required by section 3301(d) of the Divorce Code: N/A (2) Date of service of Plaintiff's Affidavit upon Defendant: N/A 4. Related claims pending: The parties executed a marital settlement agreement on December 5, 1994, a copy of which is attached as Exhibit "A". 5. Indicate date, and manner of service of the notice of intention to file praecipe to transmit record, and attach a copy of said notice under section 3301(d)(1)(:~.~ 0 the ~~vorce Code: N/A ;' ) 'd 1'11 " [<4.<"/ ~'L.-!?'!L / / i A(.ot-- Attorney For Plaintiff ili..... I, , " ',I :' " , , , , ..,~...,,,,..,, , ,,-,....-. .,t.\t \ -.,,'. , ' ' , ' ", , ;",,"'~1,\,j,"'ttil1"'I"Uf,;;l'*-'r't'l\""""H"-"'''''''''lt'''''''''-1.:''' ;:1'\\ IQ " , ,.\\ lOt II '"~"~ ,I ;JJ .. ~ , , " I' ,.,.-.."........- ~ , bR 10 , ' 'Ji{"" II!.f~"iI/I" ..!.l lJj.....h....i""'"-"';'._'~ ".~I'!.lI'..!\~ " , :' ,- "i! , ,I,' " 5G ~K t9S )1 -~II ,I,' ,'I, " " , ,\111111\ UF ,,'I ,; 1I0Ii'; I,\~~ '~U'~I" , ",O'~ ',IV l' E !. ~. -" ...." I ^ , ' '" r":1 \ ' ) "1 ,,,~,,,''''''<l',",...,..,.-,,...'''''~' "" ." t , / ~ .. , ,: . , t t Ij - , , ' -..- Plaintiff does not know of any person not a party to this proceeding who has physical custody of the children or who claims to have custody or visitation rights with respect to the children. 7. The best interest and permanent welfare of the children will be served by granting the relief reqlJested because Plaintiff is the primary caretaker. 8. Each parent whose parental rights to the children have not been terminated have been named as parties to this action. WHEREFORB, Plaintiff requests that this Court grant her custody of Melanie A. stouffer (OOB: 6/5/80), Amy L. Stouffer (008: 2/26/82), and Jeffrey L. stouffer (OOB: 8/13/84). ~~~.c4 Theresa Barrett Male, Esquire Supreme Court #46439 10 South Market Sq.- Suite 500 Harrisburg, Pennsylvania 17101 (717) 233-3220 Attorney For Plaintiff Date!!: -o\?1P\9L.\ 4 n ~~ i~ . ~ i'~j ~ t~ !""Is l' "" , - 'V1 It) ~ f) m\J 0 l.' , , ~ - .. j~ i~ ...... t -:r ~ '~ en '".. ~ l~ - : - 04.", 'Q S- ., lE () '~ Q .~ .1:;, \1) '.;) }: '-...J ~ ..... v.; C.J In ~ I' (;) <::l ....... '...... ~ ..... en '''tc 'to ~ (""...., ..,. 'll ;:;" _~l ~ .... . 0 0' .... I~: ~ ~I~ ~ :I: 08' ..cOO +J1Il,c m ~,~'~ ~ OO~ ..."'to , ' "" . . . ' . , . . , . '.-- THIIIIDA IlARIIIITT MALa CIOUIllllP OR AT LAW tOllOUTH MAIUCaTIQUAIUl IUITIlIOO HA""..u.-.PA t.,tOt -~~ N,oV.~2,~:/, ~ There.a Barrett Hal. Supreme Court 146439 10 South Harket Square Suite 600 Harri.burQ, PA 17101 (717) 233-3220 Attorney For Plaintiff v. I I I , I I I IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. 94-4858 civil Term DEBRA S. STOUFFER, Plaintiff JEFFREY L. STOUFFER, Defendant CIVIL ACTION - DIVORCE/CUSTODY POBcnB Please reinstate the complaint filed in the above-captioned action. d /' I ~,J /2/1..v/lCJ/? ,,4.. Theresa Barrett Male, Esquire supreme Court # 46439 10 south Market Sq. - suite 500 Harrisburg, Pennsylvania 17101 (717) 233-3220 Attorney For Plaintiff Date, October 27, 1994 ........ (i) Nov 1./ 3 II~ I'll '911 f,UII II II' /1"lj"II,,,,. I'll"" ,.iI, I '\Ii ~ oil' .\ 'il >1' , , - i":'I,!1 ~'~l~ .1 I' ,.; '~\ '1'1: "/ ",':-. ] ;V' i', . . .. _. I' ~~ , ..' ---, , , CIO.:"W' ~ATLAW , 01OU'l'H MAJlICIlT IQUAJUl IUITlUIClO HAJlltllllUIt.. ~A 11'0' I, I, ", I ' q I , 11", ~! , "I " .-........ Thereaa Barrett Hale Supreme Court 146439 10 South Harket Square Suite 500 Harriaburg, PA 17101 (717) 233-3220 Attorney For Plaintiff DEBRA s. STOUFFER, Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. 94-4858 civil Term v. JEFFREY L. STOUFFER, Defendant CIVIL ACTION - DIVORCE ACKNOWL~DGBMBNT OF SIRVIC! I, Jeffrey L. Stouffer, the defendant in the above-referenced divorce action, acknowledge that I received a certified copy of the Complaint In Divorce endorsed by a certified copy of the order scheduling a conciliation conference for January 20, 1995 at 2:00 p.m. on 1}<'.o("C'""yJb,o,.- S'- , 1994. - \.I c", /(, \! ){.,;. Jeff~ey~. Stouffe Ore /2 2 lS r'Il'9~ ' , 1:/ 1:1) II'li I 'ii,'I, '1./1) ,/ "',! l/\' i _,",I/: h', 'I 'I - I " I, '''" 'I. ,'''J~'i~''I,tW-I!:~ii,'.i~~; r.ui.,id~l\\t'; ,-"llifi.,. 1"1' i ,~ If, , . ", " ,,' 1, , I .. ..' 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"I,."h'), ,L I'F''-Vt!~r~lly,~.J,\lj, I , "\' ._~'j'_:~"_"J'" .~!f",' - 'r', ;/1,; , '-~._". ..,......: ;1, 'I " " " ., FII Z~ 3 30 PII 'I '-/1. . 1 OF rtlEP'V,;' fFIIJF CUI</IIEIfL~JCONOWI" PEl/liS Yl yf;i,~nl' ., I,ll , , , ii, " ," " " ;I~ , I , , " , , " , , I"; , , .'1' .. ~;- ...~;t,L.,'" ,.~._-" \'~4" !~,~iif,'rj~,,;-';':,,,~j>J!"'-'I,~,.'I~j IfI' iJ.;;A"i'~:'~ .\ilMif' fit- " ' " \ tH I" , , ., ,'! ',\1, .. " _.,- "... ....,.' t' ~ I, ;!' " '" ,.I I ; , , ... " "'". . . THallSA BARRIITT MALlE COUNHLO"ATLAW tOIQUTHMA..KIITIlQUA..1I IUlTIIlOO H"....I..u..a."A t?tOt .- ,; NOV' 02.. , ~ " ",- , ' . . '.. !i ,I I',,; f,.", Ir~ f') I ,;f-;, ~II'" , :',"~;rl "'f.':r~'J \);", il',""'1 >;," ~'/,l , I 1 . ,I I' , ,: I, . .. . ,- ~ _.~ j"...~,'_,')_ll;'_"(I...... , , , ' .~ ,., .'.,.., ""'it,1 ..,,11.;11.,, ._..: < :;', \~, j r~/;il.:,i, -I! . 'f?IJ,/; , 1,1,1,. 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'I '3 , ~ J I " , ~ J I, " MARITAL SITTLIMINT AORIIMINT THIS AGRIIHINT, made this ,5r~ day of ~M" 1994 by and between Debra S. stouffer ("Wife") of Cumberland county, Pennsylvania and Jeffrey L. stouffer ("Husband") of Dauphin County, Pennsylvania. WITNESSETH: WHEREAS, the parties are Wife and Husband, married on December 29, 1979; and WHIREAS, Wife and Husband are the Plaintiff and the Defendant respectively in a divorce action filed in the Cumberland county Court of Common Pleas at No. 94-4858; and WHIREAS, three children were born of the marriage: Melanip. A. stouffer (DOB: 6/5/80), Amy L. Stouffer (DOB: 2/26/82), and Jeffrey L. stouffer (DOB: 8/13/84); and WHEREAS, unhappy differences and difficulties have arisen between the parties, in consequence of which the parties intend to live separate and apart for the rest of their natural lives; and WHEREAS, the parties desire to settle fully and finally their respective financial and property rights and obligations as between each other, including but not limited to: the ownership and equitable distribution of real and personal property; past, present and future support, alimony and/or maintenance; child support and custody; and any and all claims which either party has, or may have, against the other or the other's estate. I PLAINTIFF'S EXHIBrT A . '. . IIOW, TRIRlroRI, in consideration of the mutual promises, covenants and undertakings hereinafter set forth and for other good and valuable consideration, receipt of which the parties acknow- ledge, Wife and Husband, each intending to be legally bound, hereby covenant and agree as follows: 1. I.IPARATIOtl - Each party shall have the right to live separate and apart from the other party, free from the other party's interference, authority and control. Neither party shall harass the other or attempt to harass the other, nor compel the parties' cohabitation. 2. WIrE' S AND HUSBAND' S DEBTS - Except as otherwise set forth in this Agreement, the parties represent and warrant to each other that they have not incurred and will not contract or incur any debt or liability for which the other or the other's estate might be responsible. Each party shall indemnify and save harmless the other party from any and all claims or demands made against the other by reason of debts or obligations incurred by that party. 3. JOINT DEB'll - The parties acknowledge that they have no debts which were jointly incurred during their marriage with the exception of the following: 2 Account Balance Due GE Capital Mortgage New Cumberland Credit Union Mellon Bank $93/000 6,000 12,700 The parties acknowledge that neither party has been residing the marital residence located at 131 15th str.eet, New cumberland, Pennsylvania. The property is subject a contract of sale, settlement of which will occur on or about December 5, 1994. The Capital Mortgage will be satisfied at that settlement. The parties further acknowledge that no proceeds will be paid over to either party as a result of this sale. The other debts are subject to the bankruptcy petition which Wife filed to the U.S. Bankruptcy Court at #94-00634RJW. Any debts or obligations incurred by either party in his/her individual name, whether incurred before or after separation, are the sole responsi- bility of the party in whose name the debt or obligation was incurred. 4. DIVISION OJ' PBRSONAIL PROPERTY - The parties have divided their personal property prior to executing this agreement. The parties waive and relinquish any and all claims which they may have, if any, to all items of personal property currently in the possession of the other party. 5. MOTOR VEHICLBS - wife shall retain sole and exclusive ownership of the 1986 Buick Century titled in wife's name. 3 to LIrl INSURANCI POLICIIS - The parties acknowledge that neither party has acquired any life insuranoe pOlicies with a cash or surrender value. 7. DIVISION or BANK ACCOUM'l'S. INDIVIDUAL RITIR.MINT ACCOUNTS AND CERTIrICATIS or DEPOSIT - The parties acknowledge that they have not acquired during the marriage al1Y individual retirement accounts or certificates of deposit. Neither party shall make any claim to the checking or savings accounts established by the other. 8. PENSION Husband recently elected to take early retirement in the civil Service Retirement system and has received a lump sum check in the amount of $22,503.97 in full and final payment of all retirement benefits to which Husband is entitled. Husband agrees that, within two (2) days of his receipt of the check, he shall accompany Wife to his bank at which time Husband shall negotiate the check and deliver to Wife fifty percent (50%) of the check amount. Upon her receipt of her fifty percent (50%) share of Husband's retirement check, Wife waives and relinquishes all additional claims, rights and interest, if any, to any additional retirement benefits, .if any, to which H'Jsband may be entitled. 9. REAL ESTATE - See paragraph 3 above, 4 10. INCO"II TAX LIABILITY/RIlrUND - During the marriage, Husband and Wife have filed joint federal, state and local tax returns. The parties agree to share, on a pro-rata basis according to each parties' income, any tax liabilities, including payment of interest and penalties, arising out of the filing of any joint returns during the marriage. 11. STOCKS. SBCURITIES AND OTHBR INTANGIBLII ASSIITS - The parties acknowledge that they have not acquired any stocks or similar assets during the marriage. 12. AFTBR-ACOUIRED PROPBRTY - Each of the parties shall own and enjoy, independently of any claims or rights of the other, all real property and all items of personal property, tangible or intangible hereafter acquired, with full power to dispose of the same as fully and effectively as though he or she were unmarried. Any property so acquired shall be owned solely by that party and the other party shall have no claim to that property. 13. SPOUSAL SUPPORT AND ALIMONY - Each party expressly waives any and all claims to support, alimony pendente lite and alimony. 5 14. CHILD CUSTODY - Wife shall continue to have primary custody of their children. Husband shall have partial custody at such times and under such circumstances as the parties agree. 15. COUNSEL FEES AND ~XPENSES - Neither party shall make any demand on the other for payment of legal fees and expenses. 16. TAX CONSEQUENCES OF PROPERTY TRANSFJm - The parties have negotiated this Agreement with the understanding that the property transfers described in this Agreement fall within the provisions of section 1041 of the Internal Revenue Code, and as such will not result in the recognition of any gain or loss upon the transfer by the transferor. 17. ADVICI!l OF COUNSBL - Wife I s counsel has explained to Wife the provisions of this Agreement and their legal effect. Having been advised of his right to independent legal advice from counsel of his selection, Husband has chosen to execute the agreement without its review by counsel on his behalf. Each party confirms that he/she understands fully the terms, conditions, and provisions of this Agreement and believes them to be fair, just, adequate and reasonable under the existing circum- stances. The parties further confirm that each is entering into this Agreement freely and voluntarily and that the execution of this Agreement is not the result of any duress, undue influence, collusion, or improper or illp.gal agreement. 6 18. WAIVIlR or RIGHTS MID MUTUAL RIlLIlASIlS - Except as provided in this Agreement, both parties absolutely and unconditionally release and forever discharge each other and their heirs, execu- tors, administrators, assigns, property and estate from any and all rights, claims demands or obligations arising out of or by virtue of the marital relationship, whether such claims exist now or arise in the future. This release shall be effective regardless of whether such claims arise out of former or future acts, contracts, engagements or liabilities of the parties or by way of dower, curtesy, widow's rights, family exemption or similar allowance, or under the intestate laws, or the right to take against the spouse's will, or the right to treat a lifetime conveyance by the other as ~estamentary, or all other rights of a surviving spouse to participate in a deceased spouse's estate, whether arising under the laws of Pennsylvania, any state, commonwealth or territory of the United states, or other country. Except for any cause of action for divorce which either party may have or claim to have, and except for the obligations of the parties contained in this Agreement, each p~rty gives to the other an absolute and unconditional release and discharge from all causes of action, claims, rights or demands whatsoever, in law or in equity, which either party ever had or now has against the other, inclUding but not limited to alimony, alimony pendente lite, equitable distribution of marital property, counsel fees or expenses. 7 1.. ....CT O. DIVORC. D.CR.. ON AOR..M.NT - Either party may enforce this Agreement as prov ided in section 3105 (a) of the Divorce Code, ~ amended. As provided in section 3105(C), provisions of this Agreement regarding equitable distribution, alimony, alimony pendente lite, counsel fees or expenses shall n2t be subject to modification by the court. 20. DAT. O. EXECUTION - The "date of execution" or "execution date" of this Agreement is the date upon which it is signed by the parties if they sign the Agreement on the same date. Otherwise, the "date of execution" or "execution date" shall be the date on which the last party signed this Agreement. n. HEADINGS NOT PART OJ' AGREEMENT - The descriptive headings preceding the paragraphs are for convenience and shall not affect the meaning, construction or effect of this Agreement. 22. SEVERABILITY AND INDEPENDENT AND SEPARATE COVENANTS - Each separate obligation shall be deemed to be a separate and independent covenant and agreement. If any term, condition, clause or provision of this Agreement shall be determined or declared to be void or invalid in law or otherwise, then only that term, condition, clause or provision shall be stricken from this Agree- B ment and in all other respects this Agreement shall be valid and continue in full force, effect and operation. 23. ADDITIONAL INSTRUMBNTS - Within ten (10) days after a request to do so, the parties shall execute, acknowledge and deliver to the other party any and all instruments, assignments, releases, satisfactions, deeds, notes or other writings which may be necessary to give full force and effect to this Agreement. 24. AGRBBMENT BINDING ON HEIRS - This Agreement shall be binding on and shall enure to the benefit of the parties and their respective heirs, executors, administrators, successors and assigns. 25. l:NTBGRATION - This Agreement constitutes the entire understanding of the parties and supersedes any and all prior agreements and negotiations between them. There are no representa- tions, warranties, covenants or promises other than those expressly set forth in this Agreement. 26. MODIFICATION OR WAIVER TO BE IN WRITING - No modi! ication or waiver of any term of this Agreement shall be valid unless in writing and signed by both parties. 9 27. 110 WAIVIR 01' DII'AULT - The fal.lure of either party to insist upon strict performance of any term of this Agreement shall in no way affect the right of such party hereafter to enforce the term. 28. VOLUKTARY IXICUTION - The parties acknowledge that this Agreement is fair and equitable, and that they have reached this Agreement freely and voluntarily, without any duress, undue influence, collusion or improper or illegal agreements. 2'. APPLICABLI LAW - This Agreement shall be construed under the laws of the Commonwealth of Pennsylvania and more specifically under the Divorce Code of 1980, ~ amended, February 12, 1988. 30. ATTORNIYS' I'IIS rOR INI'ORCBMBKT If either party breaches any provision of this Agreement, the breaching party shall pay all legal fees and costs incurred by the other in enforcing this Agreement, providing that the enforcing party is successful in establishing that a breach has occurred. 10