Mark E. Picou - Page 4

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          and Ms. Picou financed the construction of the Lakewood home with           
          funds from petitioner’s separate personal property and a first              
          and second mortgage from Union Planters Bank.  Petitioner and Ms.           
          Picou were both liable as coborrowers for the mortgages, and both           
          parties were named as joint owners on the title deed.                       
               On May 1, 1997, petitioner and Ms. Picou separated, at which           
          time Ms. Picou permanently moved out of the Lakewood home.  At              
          all relevant times, petitioner has continued to reside in the               
          Lakewood home.                                                              
               On May 21, 1998, petitioner and Ms. Picou were divorced                
          pursuant to a Judgment And Decree of Dissolution of Marriage                
          (divorce decree) entered by the Circuit Court of Sainte Genevieve           
          County of Missouri.  The divorce decree directed, in pertinent              
          part, as follows:                                                           
               8.   Maintenance is denied to each party                               
               9.   Petitioner [Mark E. Picou] is awarded the                         
               following marital property:                                            
                    A.  House at 13221 Lakewood Drive, Ste. Genevieve, MO;            
                        *     *     *     *     *     *     *                         
               11. IT IS FURTHER ORDERED, ADJUDGED AND DECREED that                   
               Petitioner shall pay the following debts and                           
               obligations of the marriage and that the sums to be                    
               paid by Petitioner are in the nature of support to                     
               Respondent [Ms. Picou] and that same shall be non-                     
               dischargeable in any action for bankruptcy which                       
               Petitioner may file:                                                   
                    A.   First mortgage on house at 13221 Lakewood                    
               Drive, Ste. Genevieve, MO, in the amount of $83,000.00;                
                    B.   Second mortgage on house at 13221 Lakewood                   
               Drive, Ste. Genevieve, MO, in the amount of $14,500.00                 
               * * * [Emphasis added.]                                                





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