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and personal, which may belong to or stand in the name of
KENT; and
WHEREAS, each of the parties hereto disputes the
other's contentions: and
WHEREAS, the parties, KENT and REYNOLDS desire to
resolve their respective differences concerning their
respective claims and to memorialize their agreement
resolving those differences, and further, forever place the
dispute behind them * * *
* * * * * * *
1. In consideration for the full and complete release
by REYNOLDS of any claims of any nature, including but not
limited to, any sums of money, and/or claims to any real
and/or personal property of KENT, KENT agrees to pay
REYNOLDS the following sums, on the following terms:
A. Cash in the sum of Fifty-seven Thousand Five
Hundred Dollars ($57,500), payable after REYNOLDS has
delivered all items she has removed from KENT, whether
removed from the property * * * or any other items belonging
to KENT whether removed from the Subject Property or any
other location, and after KENT has verified all items have
been returned to the Subject Property * * * and
B. The sum of Two Thousand Dollars ($2,000) per
month for a period of three (3) years payable to the first
day of each month commencing November 1, 1991; and
C. Thereafter, the sum of One Thousand Dollars
($1,000) per month for a period of two (2) years, payable on
the first day of each month commencing November 1, 1994 to
and including October 1, 1996.
2. In addition to said sums, KENT will transfer
all right, title, and interest in and to the following
personal property:
A. That certain 1987 Lincoln Town Car
automobile * * *;
B. All clothing and jewelry in
Reynolds'
possession;
C. * * * miscellaneous household furniture
and furnishings * * *.
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