Marshall I. Gordon - Page 5

                                        - 5 -                                         
          "Payment to Elaine Gordon for Release of Judgment", $99,847.39 to           
          petitioner's children, and $484,658.91 to petitioner.                       
                    On September 8, 1988, Elaine filed a "Release and                 
          Satisfaction of Judgment" with the district court.  Bearing a               
          face date of September 7, 1988, this document provided:                     
                    1. The petitioner [Elaine] and respondent [Marshall]              
               entered into a Separation Agreement and under the terms                
               thereof * * * petitioner shall receive $800,000 in cash                
               secured by an equitable interest in the real property                  
               located at 135th Blackbob, Johnson County, Kansas; and                 
                    2. Respondent has paid to the petitioner the sum of               
               $800,000; and,                                                         
                    3. The judgment herein entered for the petitioner in              
               the amount of $800,000 against the respondent should be                
               released and fully satisfied and the petitioner's interest             
               in the real property located at 135th and Blackbob, Johnson            
               County, Kansas, should be released.                                    

               On September 28, 1988, 3 weeks after the exchange took                 
          place, petitioner and Elaine filed the Separation Agreement.                
          Under the terms of the agreement, Elaine was given, as her                  
          personal property, "$800,000 in cash or other good negotiable               
          instrument, secured by equitable interest on the real property              
          located at 135th and Blackbob, Johnson County, Kansas."  This               
          provision was initialed by petitioner on July 22, 1988, and by              
          Elaine on September 2, 1988.  The first page states that the                
          agreement was made and entered into on October 9, 1987.  However,           
          the certification by the clerk of the district court attests that           
          the original document was filed on September 28, 1988.  The                 






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  Next

Last modified: May 25, 2011