- 26 - C. In the course of the marriage, Beverly ac- quired by gift or inheritance certain personal property including but not limited [to] cash or cash equivalents and securities. Ronald acknowledges and agrees that said property has been and will continue to be the sole and absolute property of Beverly. * * * * * * * 6. Mutual Release and Discharge of General Claims. Except as otherwise expressly set forth here- in, each party hereby remises, releases, and forever discharges the other from all causes of action, claims, rights, and demands whatsoever, in law or in equity, known or unknown, past, present, or future, which either of the parties hereto ever had, or now, or hereafter may have, against the other, * * * 7. Responsibility for Debts. * * * Ronald hereby acknowledges and agrees that Beverly paid the sum of $5,000.00 on June 30, 1992 to Chemical Bank as and for a partial payment on a debt of approximately $24,000.00 which is the sole and absolute responsibility of Ron- ald. In consideration thereof, Ronald agrees to indem- nify and repay Beverly the $5,000.00 debt payment plus $500.00 for her expenses in settling the litigation thereon. Said payment of $5,500.00 shall be made in eighteen installments of $300.00 per month and a final payment of $100.00 commencing Oct. 15, 1992 and lasting through March 15, 1994. Said payments shall be by check or money order and mailed to Beverly by the 15th day of each month. A handwritten addition by Mr. Gordon to paragraph 7 of the separation agreement that was initialed by Ms. Gordon stated: "This paragraph is based on the premise that I remain gainfully employed." Mr. Gordon paid a total of only $1,800 to Ms. Gordon sometime around 1992 pursuant to paragraph 7 of the separation agreement. The separation agreement did not provide for any spousal support payments to be made by Mr. Gordon to Ms. Gordon becausePage: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Next
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