Estate of Monte H. Goldman - Page 6




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                         discharged upon death of Plaintiff.                          
                         The obligation contained herein                              
                         shall survive Defendant's death and                          
                         be a lien against his estate.                                
                         Defendant shall have no right to                             
                         prepay these monthly payments.                               

          *        *       *       *        *        *       *                        
                         6.5 The parties intend and agree that                        
                    all transfers of property as provided for                         
                    herein are subject to the provisions of                           
                    Section 1041, Internal Revenue Code of 1954,                      
                    as amended, entitled, "Treatment of Transfers                     
                    of Property Between Spouses or Incident to                        
                    Divorce", and that they shall be accounted for                    
                    and reported on his or her respective                             
                    individual income tax returns in such a manner                    
                    so that no gain or loss shall be recognized as                    
                    a result of the division and transfer of                          
                    property as provided for herein.  Each party                      
                    shall file his or her Federal and State tax                       
                    returns, and report his or her income and                         
                    losses thereon, consistent with the foregoing                     
                    intent of reporting the division and transfers                    
                    of property as a non-taxable event. * * *                         
                         6.6 Plaintiff shall pay, and hold                            
                    Defendant harmless from, all Federal and State                    
                    income taxes due as a result of the receipt by                    
                    her in 1984 and 1985 of temporary spousal                         
                    support, and on account of the receipt by her                     
                    of unreported income from her separate                            
                    property earned during marriage, in excess of                     
                    losses, deductions and credits attributable                       
                    thereto.                                                          
               7.   Spousal Support Waiver:                                           
                         The parties acknowledge that as a result                     
                    of the funds as and for property division and                     
                    the release of marital rights and claims which                    
                    Plaintiff is to receive as provided for herein                    
                    she has no need for spousal support.                              
                    Plaintiff expressly waives her right to                           
                    spousal support from Defendant.  Defendant                        





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