Fillable Printable Simple Prenuptial Agreement Form

Simple Prenuptial Agreement Form

PRENUPTIALAGREEMENT

THISPRENUPTIAL AGREEMENT,executedatCity,Oklahomathisday

ofMonth,Year,betweenGroom,aresidentofNameofCountyCounty,Oklahoma,

and Bride, a resident of Name of County County, Oklahoma,

W I T N E S S E T H:

WHEREAS,baseduponthemutualloveandrespecteachpartyhasfor

theother,thepartiesheretointendtobemarriedintheimmediatefutureinCity,

State; and,

WHEREAS,bothpartieshavebeenpreviouslymarriedandGroom/Bride

has # adult children from his/her former marriage; and

WHEREAS, each of the parties acknowledge that this Agreement is in and

itself an inducement for each of them to marry; and,

WHEREAS,thepartiesdesiretoaccepttheprovisionsofthis Agreement

inlieuofallmaritalrightstothepropertynowownedorhereafteracquiredby

either of them or in their estates upon the death of either of them; and,

WHEREAS,thepartiesdesireandintendthattheiranticipatedmarriage

willbepermanent,butasmatureadults,theyrecognizeandunderstandthat

theremaybecertainconditionsorcircumstancesinahumanrelationshipwhich

mayleadamarriedcoupletoterminatetheirmarriage,andthepartieshave

agreedthatincasesucheventsshouldoccur,althoughnotnowintendedor

foreseen,thepartiesagreetoabidebythetermsofthisAgreementtothe

exclusion of any claim, payment or interest in each other’s property.

NOW, THEREFORE, in consideration of the mutual love and respect each

party has for the other, and their desire for a happy andpeaceful marriage based

uponsuchloveandrespect,andinconsiderationofsuchmarriageandthe

marriageceremonyitself,andthemutualrepresentations,promises,covenants

and agreements herein contained, the parties make this PRENUPTIAL

Agreement and contract, which shall be mutually binding upon such parties, their

respectiveheirs,administrators,representativesandassignsforever,andagree

as follows:

ARTICLE I

Disclosure Concerning Property

GroomandBridehavecontemplatedtheirmarriageforseveralmonths.As

prospectivespouses,theyhavediscussedanddisclosedtooneanother

their respective financial situations. Name of Groom’s Aorney has disclosed

toGroomandBrideisawareofthenatureandextentofGroom’sincome,

businessactivities,assetsandliabilities.NameofBride’sAorneyhas

disclosedtoBrideandGroomisawareofthenatureandextentofBride’s

income, business activities, assets and liabilities.

IncontemplationofenteringintothisAgreement,GroomandBridehave

preparedseparatefinancialdisclosurestatementswhichareattached

heretoasExhibitAforGroomandExhibitBforBride.Thefinancial

disclosurestatementsattachedtothis AgreementareintendedbyGroom

andBridetobeasfull,fair,andaccurateastheycanprepareconsidering

theirpurposeofafullandcompletedisclosureandunderstanding

betweenthem.Both Groom and Bride understandandintendthatthe

disclosurestatementshavenot been auditedby accountants; that

statementsofquantitiesmaynotbepreciselyaccurate;thatvaluationsof

realestate,oil,gasandmineralinterest,andtangibleassetsarebit

professionalvaluationsbutaregoodfaithestimatesbythemofthe

present value of such assets.

GroomandBridehavehadindependentlegaladviseinconnectionwith

reviewingthefinancialdisclosurestatementsoftheotherinconsidering

theadvisability,legalsignificance,andprovisionsofthisAgreement,

GroomhavingconsultedNameofGroom’sAorney,ofCity,Oklahoma,and

BridehavingconsultedNameofBride’sAorney,ofCity,Oklahoma.Groom

andBridewarranttoeachotherthatheorshehasbeenadvisedbysuch

counsel ofthe substantialrightsto inheritance,to support,andto property

whichheorshewouldhaveunderthelawsofOklahomaiftheywereto

marry and subsequently die married or become divorced in the absence of

thisAgreement,whichrightsheandshehaverenounced,waived,

released, and relinquished by virtue of this Agreement; that their

respectivecounselhasfullyexplainedsuchmatterstohimorherand

counselhasinformedeachpartythatcounselhasreceivedaccesstoall

financialinformationrequested;thatheorshehastakenintoaccountall

relevant factors and circumstances; that he and she believe the provisions

ofthis Agreementtobefairandreasonabletohimorher;thatheorshe

understands and consents to all the provisions of this Agreement; and that

respectivecounselhaveadvisedthepartiesthatthis Agreementisvalid

and binding upon them. Groom and Bride represent to each other that each

of them and their respective counsel have been afforded the opportunity to

makeanyinquiryorbeprovidedanydocumentstheydesiretoexamine

withrespecttotheother’sfinancialsituationandthattheyhavereceived

satisfactoryresponsestoanysuchinquiriesorrequests.EachofGroom

and Brideunderstands that the contents of this Agreement, the information

containedintheExhibitsandanyinformationdisclosedinthenegotiation

ofthisAgreementareprivateinformationnotforpublicdiscussionor

disclosure.Eachofthemwillemploydiscretionindisclosingsuch

information toothersandwillchargethe personstowhomthey discloseit

with an obligation of confidentiality as to such information.

Bridewarrantsandagreesthatsheexecutesandacknowledgesthis

Agreementonlyaftercarefullyreadingthesameandafterconsultation

with her attorney,and that shehas fully considered and understands allof

thetermsandprovisionshereofandtheirlegaleffectsandramifications.

Sheacknowledgedthatshebelievesitisinherbestinteresttosign,

execute,anddeliverthisinstrument.Bridefurtheracknowledgesthatthis

Agreementisjust,fairandequitableandthatthisAgreementissigned

willingly,freely,andvoluntarilyasheractanddeedwithoutrelianceupon

anyrepresentationofGroomoranyofhisagents,otherthanthose

expressly set out in this Agreement.

Groomwarrantsandagreesthatheexecutesandacknowledgesthis

Agreementonlyaftercarefullyreadingthesameandafterconsultation

withhisattorney,andthathehasfullyconsideredandunderstandsallof

thetermsandprovisionshereofandtheirlegaleffectsandramifications.

He acknowledged that he believes it is in his best interest to sign, execute,

and deliver this instrument.Groomfurther acknowledges that this

Agreementisjust,fairandequitableandthatthisAgreementissigned

willingly,freely,andvoluntarilyashisactanddeedwithoutrelianceupon

anyrepresentationofBrideoranyofheragents,otherthanthose

expressly set out in this Agreement.

ARTICLE II

No Marital Property-Other Property

Marital Property. The parties do notexpector intendthat therewill beany

accumulationofpropertycommonlycalled“maritalproperty”duringthe

marriage.Bytheterm“maritalproperty”theyintendtoinclude,without

limitation,property“acquiredbythepartiesjointlyduringtheirmarriage”

(43O.S.§121)and“acquiredbyjointindustry,”“duringcoverture”(84

O.S. § 44). It is theirintention that the provisions ofthis Agreement should

resolveanysubsequentcontroversybetweenthemorbetweenoneof

themandtheestateoftheotherastothetakingofassetsthatmight

otherwisebedenominatedmaritalpropertyintheeventofthedeathof

oneofthemorthedissolutionoftheirmarriage. Theyareagreedthatthe

meaningofthis ArticleIIisthattherewillbenomaritalproperty,andthat

anypropertyownedbythemisorwillbetheseparatepropertyofoneor

theotherofthem,dependingonthenameinwhichitisownedorthe

sourceofthefundswithwhichitwasacquired. Theprovisionshereof are

intendedas,andareacceptedby Brideasfullcompensationforthe

disclaimer by her at this time and upon any subsequent event that thereis

or may be marital property. The provisions hereof are intended as, and are

acceptedbyGroomasfullcompensationforthedisclaimerbyhimatthis

timeanduponanysubsequenteventthatthereisormaybemarital

property.

SeparateProperty.ThepropertylistedonExhibitAasto Groom and

Exhibit B as toBride, and any other property now owned by Groom or Bride

oracquiredbyeitherofthembeforethemarriageandanyproperty

hereafterinheritedorreceivedasagiftorotherwiseacquiredbyeitherof

themisandwillcontinuetobetheseparatepropertyofGroomorBride,

respectively.

EarningsasSeparateProperty.Theearningsandincomeofeachparty,

including personal service income, will remain his or her separate property

andwillnotbesubjecttodivisiononterminationofthemarriage.Any

propertyhereafteracquiredbyeitherpartyoutoftheearningsorincome

ofthatpartyorattributabletoincomefromsaidseparateproperty,orany

appreciation in valueofsaidseparateproperty,whetherthe enhancement

is due to market conditions or to the services, skills, or efforts of the owner

oftheproperty,willremaintheseparatepropertyoftherespectiveparty,

freeofanyinterest,beneficial,equitable,orotherwise,intheotherparty.

Thepartiesmutuallyrecognizeandagreethatexceptforthis Agreement,

theearningsandincomeresultingfromtheproperty,personalservices,

skill, effort,and labor of the other party might or would be marital property,

but thatbyvirtueofthisAgreement suchearningsandincomewill beand

remain separate property.

IncomefromSeparateProperty. Thepartiesherebyagreethatallincome

from property owned by one of them received during their marriage and all

enhanced value of property which is the product of each party’s respective

laborshallforeverbeandremaintheseparatepropertyoftheparty

owning such property.

Management, Disposition, and Transmutation of Property.

ManagementofProperties.Eachpartywillhavethefull,free,and

unrestrictedrighttomanagehisorherseparateproperty,including

withoutlimitation,therighttoconveyorencumberthatproperty;to

disposeofitbysale,gift,orotherwise;andtodealwithitwithout

taking into consideration the other party.

DispositionsofPropertytoOtherParty.Notwithstandinganyother

provision of thisAgreement, either party may transfer,give, convey,

devise,orbequeathanypropertytotheotherparty.Neitherparty

intendsbythisAgreementtolimitorrestrictinanywaytherightto

receiveany suchtransfer,giftconveyance,devise, or bequestfrom

the other.

ConveyanceofPropertyBetweenParties.Intheeventoneparty

voluntarilyconveystotheotherpartyanyinterestinanyproperty

whichistheseparatepropertyofsuchparty,eitherbywillorby

instrumentofconveyanceordocumentoftitlesignedbythe

transferringparty,thentheprovisionsofsaidwillorinstrumentof

conveyance of documents of title shall control over the provisions of

this Agreement to the extent of any conflict between such

documents regarding such property.

NoTransmutation.Propertyofinterestinpropertynowownedor

hereafteracquiredastheseparatepropertyofoneoftheparties

canbecometheseparatepropertyoftheotherortheparties’ joint

propertyonlybyawritteninstrumentexecutedandacknowledged

before a notary public by the party whose separate property is to be

reclassified.

EventsWhichAreNottoBeTakenasEvidenceofJointOwnership.The

partiesspecificallyagreethatthefollowingeventsshallnotbe, underany

circumstances,evidenceofanintentionbyeitherpartyofanyagreement

betweenthepartiestochangetheirseparatepropertyintomarital

property:

The filing of joint tax returns;

Thedesignationofonepartyby the otherasabeneficiaryofhisor

her estate or as trustee or as any other form of a fiduciary;

Thecomminglingbyonepartyofhisorherseparatefundsor

propertywiththeseparatefundsorpropertyoftheotherparty,

includingthetime,toil,andtalentofeitherofthepartiesandthe

pleadings ofjoint,separate,orcommoncredit forthebenefitofthe

other’s separate estate;

Any oral statement by either party;

Anywrittenstatementbyeitherpartyotherthananexpresswritten

agreementchangingseparately-ownedpropertyintojointly-owned

propertyorawrittenstatementdesignatingaparticularpieceof

property as a gift to the other;

The payment from the funds of either party of any obligations of the

otherparty,includingbutnotlimitedtothepaymentofmortgages,

interestorrealpropertytaxes,repairs,orimprovementsona

separately or jointly-held residence;

The joint occupation ofa separately-owned residence, even though

designated as a homestead;

Theuse ofhouseholdfurnitureandfurnishings,artwork,

collections,orotherpersonalpropertyinorasdecorationsfora

residence of the parties;

The common use of property.

MoneyUsedforSupport. Anymoneyofonepartyusedforthebenefitof

the other or for living expenses shall be presumed to be a gift to the other,

asopposedtoapaymentforwhichreimbursementorrepaymentislater

expected,unlessthepartiesagreeotherwiseinwriting.Eachpartydoes

herebyreleaseanyclaimwhichheorshemayhaveinthefuturefor

reimbursementforanysumsexpendedonorforthebenefitoftheother

partyorforlivingexpensesofthepartiesoreitherofthem,orunless

subsequently agreed upon by the parties in a separate written agreement.

WorkonSeparateProperty.Theapplicationbyonepartyofhisorher

personalservices,efforts,advise,orotheractivityofvaluetothe

acquisition,preservation,enhancementofvalue,orfurtheranceofthe

separatepropertyofbusinessorcivicactivitiesoftheothershallbe

presumed tobe agift tothe otheror to be mutualsupport arising fromthe

marriageforwhichnoreimbursementorpaymentisexpected,unlessthe

partiesagreeinwriting.Eachpartydoesherebyreleaseanyclaimwhich

heorshemayhaveinthefutureforthevalue,ifany,ofsuchactivities

unlesssubsequentlyagreeduponbythepartiesinaseparatewritten

instrument.

Gifts.Giftsbyonepartytotheothershallbetheseparatepropertyofthe

donee,forwhichthedonorhasnorighttoreimbursementorpayment.

However,giftsshallneverbepresumed,andintheabsenceofclearand

convincing evidence tothe contrary,allproperty of theparties shallbe the

separatepropertyofthepartywhosefundswereusedforitspurchase.

Theregistrationofanassetforwhichownershipiscommonlyregistered,

suchasrealestate,securities,bankaccounts,anautomobile,certain

animals,andthelike,shallbeclearandconvincingevidencethatthe

assetsistheseparatepropertyoftheregisteredowner,regardlessofthe

source of funds for the acquisition.

Jointly-OwnedProperty.Withoutregardtothesourceofthefundswith

whichiswasacquired,orwhoseseparatepropertyitwasearlier,

registrationorrecordownershipofanassetinGroom’sorBride’sname

together, whether as joint tenants with right of survivorship or as tenants in

common,shallconstituteconclusiveevidencethattheyhaveanequal

ownershipinterestin,andequallyliabilityforanydebtssecuredbythe

asset,unlessthereisclearwrittenevidenceofacontraryintent.Ifthe

assetis ownedincommon (notas joint tenants withrightofsurvivorship),

theinterestofeachof Groom and Bride shallbehisorherseparate

property.IfGroomandBrideowntheassetasjointtenantswithrightof

survivorship,thenforpurposesof Article IIIhereof(deathofapartywhile

married),theentirepropertyshallbetheproperty(andanydebtsecured

thereby shallbecome theobligation) ofthesurvivor,in additiontoandnot

inreductionofamountsduethesurvivorpursuanttoArticleIIIandforthe

purposes of Article IV hereof (divorce, etc.), each party shall be deemed to

own his or her share (and to owe his or her share of the debt) as separate

property.

Withoutlimitingthegeneralityoftheforegoing,thepartiesagree

thatforthepurposesofdeterminingwhetherornotpropertyisjointly

owned by the parties, the following rules shall apply:

Itemsofpersonalappareloradornmentsuchasclothing,fursand

jewelry, shall be the separate property of the party using them.

Exceptasotherwiseprovideinsubparagrapha.hereof,tangible

personalpropertypurchasedwiththeseparatefundsofoneofthe

partiesshallbethesoleandseparatepropertyofthepartywith

whosefundssuchpropertywaspurchasedunlessthereisclear

written evidence of a contrary intent.

NoIntentiontoCreateBusinessAssociation.Itisnottheintentofeither

partytoformajointventure,partnership, orotherbusinessassociationin

whichthepartieswouldbeco-ownersofanypropertyownedindividually

byeitherparty.Eachpartyexpresslynegatestheexistenceofanysuch

jointventures, partnerships, orbusinessassociationsandagreesthatany

sucharrangementmaybecreatedonlybytheexecutionofaseparate

writtendocumentexpresslyacknowledgingtheformationofsuch

arrangementandspecificallydelineatingtherightsofeachpartytosuch

arrangement.Thepartiesfurtheracknowledgethatitisnottheirintentto

take any action which would create a claim of ownership of reimbursement

rightsonthetheoryofconstructivetrust,resultingtrust,oranyother

equitable or legal theory.

ARTICLE III

Right of a Party on Death of the Other

MutualReleaseandWaiver.Exceptasspecificallyprovidedinthis Article

III,GroomandBridewaive,release,andrenounce anyright,title,claim,or

interestwhicheitherofthemmayhavetothepropertyorestateofthe

other upon the death of the first of them to die and consent and agree that

eachofthemmayleavehisorherpropertytoanybeneficiaryheorshe

desires,freeofany claimsoftheother.They likewisewaive,release,and

renounce any right to take a share of the property of the other fixed by any

statuteorotherlegalruleortotakepropertyoftheothercontrarytoor

againstthewilloftheotherorasaso-called“forcedheir”oftheother.

Theylikewisewaive,release andrenounce anyright,title,orinterestthey

mayhavetothepropertyorestateoftheotheriftheothershoulddie

withoutawill,intendingthatifeitherofthemdieswithoutawill,the

decedent’sestateshallbedistributedasifthepartieshadnotbeen

married.

Survivor’sWaiverofRighttoPersonalProperty.GroomandBridehave

each read, and their counsel have explained to them, 58 O.S. §§ 311-312,

which provide (among otherthings) that certain items ofpersonal property

are to be set aside and delivered to a surviving spouse and are not assets

ofthedecedent’sestate.Notwithstandingsuchstatutoryprovision(or

similarprovisionsofthelawofOklahomaoranyotherjurisdictionwhich

mayhereafterbeapplicabletotheparties),eachofthemrecognizesthe

importancetotheotherofmanyitemsofhouseholdfurnitureand

furnishingsandartworkandpersonalbelongingsandtheirdesirethat

upon thedeath ofthe firstof them todie,such property may be left by the

decedenttowhomeverheorshewishes,freeofanymaritalrightsofthe

survivor.Accordingly,eachofthemwaives,releases,andrenouncesin

favorofanytestamentarybeneficiarytowhomanysuchpropertyis

specificallybequeathed,anyclaimorrightheorshemighthavetothe

householdfurniture and furnishings, art work, personal belongings,

collections,orautomobilesoftheotherwhichheorshemightotherwise

havepursuanttotheaforesaidstatuteoranysimilarlegalprovisionand

agrees that such propertymay be left by specific bequest contained inthe

willofthefirsttodieasifheorshehadnotbeensurvivedbytheother

party. Theparties furtheragree thatiffor anyreason theaforesaidwaiver,

release,andrenunciationoftheirstatutoryrightsshouldbeheldtobe

ineffective, he orshewillnevertheless abide bythe testamentary

directions ofthe first of them to die as tosuch property andwill deliver the

same tothosepersons, firms,corporations, orentitiesto whomthe firstto

dieattemptstoleaveitwithinonemonthafterthe death ofthefirsttodie,

herebyacknowledgingalegallyenforceableownershiprighttosuch

property in such beneficiary or beneficiaries.

Survivor’sWaiverofRighttoHomestead.GroomandBridehaveeach

read,andtheircounselhaveexplainedtothem,58O.S.§311,which

provides(amongotherthings)thatuponthedeathofaspouse,the

survivingspousemaycontinuetopossessandoccupythemarital

homesteadfortheirlife.Notwithstandingsuchstatutoryprovision(or

similarprovisionsofthelawofOklahomaoranyotherjurisdictionwhich

mayhereafterbeapplicabletotheparties),eachofthemrecognizesthe

importancetotheotherofmaintainingthestatusofseparateproperty,

including the marital homestead and their desire that upon the death of the

first of them to die, such marital homestead may be left by the decedent to

whomeverheorshewishes,freeofanymaritalrightsofthesurvivorto

possessandoccupythemaritalhomestead.Accordingly,eachofthem

waives,releases,andrenouncesinfavorofanytestamentarybeneficiary

towhomsuchmaritalhomesteadisspecificallybequeathed,anyclaimor

rightheorshemighthavetopossessandoccupythemaritalhomestead

oftheotherwhichheorshemightotherwisehavepursuanttothe

aforesaidstatuteoranysimilarlegalprovisionandagreesthatsuch

property may beleftbyspecific bequestcontainedinthe willofthefirstto

dieasifheorshehadnotbeensurvivedbytheotherparty.Theparties

furtheragreethatifforanyreasontheaforesaidwaiver,release,and

renunciation of theirstatutoryrights shouldbeheldtobeineffective,heor

shewillneverthelessabidebythetestamentarydirectionsofthefirstof

them to die as to such marital homestead and will relinquish possession of

themaritalhomesteadtothosepersons,firms,corporations,orentities to

whomthefirsttodieattemptstoleaveitwithinonemonthafter thedeath

ofthefirsttodie,herebyacknowledgingalegallyenforceableownership

rightandarighttopossessandoccupysuchmaritalhomesteadinsuch

beneficiaryorbeneficiaries.(Optional:Inlieuoftherighttooccupyand

possess the marital homestead, upon the death of either party,Groomand

Bridehaveprovidedthateachofthemownsafiftypercent(50%)interest

in a residence, as tenants in common, that is located in City, State.)

Surviving Spouse’sAllowance.GroomandBridehave each read,and their

counselhaveexplainedtothem,58O.S.§314,whichprovidesforthe

allowancetoasurvivingspouseofcertainsumsforlivingexpensesor

maintenanceafterthedeathoftheotherspouseregardlessofthe

provisionsofawillofthedecedent.Notwithstandingsuchstatutory

provision(orsimilarprovisionofthelawofOklahomaoranyother

jurisdictionwhichmayhereafterbeapplicabletotheparties),Groomand

Bridebothwaive, relinquish, renounce,and releasetheir right toclaim any

suchallowanceandagreethatneitherofthemwill,regardlessofany

changedfinancialcircumstancesbetween thedateofthis Agreementand

thedeathofthefirstofthemtodie,orforanyotherreason,makeany

claim for such allowance from the assets of the other.

More GenerousProvisions.Nothing containedinthisArticleIIIisintended

topreventGroomorBridefromreceivingmorethanisprovidedbythis

Article III if more generous provision is made for him or her by the will or a

trust of the other.

ArticleIII AppliesOnlyifMarried. Allofthis ArticleIIIisconditionedupon

Groom and Bride being married to each other when the first of them dies.

ARTICLE IV

Rights of Parties on Divorce

MutualReleaseandWaiver.Exceptasspecificallyprovidedinthis Article

IV,GroomandBridewaive,release,disclaim,andrenounceanyrightto

alimony,support,maintenance,divisionofproperty,orattorney’sfeesor

expensesfromtheotherintheeventoftheirdivorce,annulment,ora

judicial decree of their separate maintenance.

NoDivisionofProperty.Intheeventofdivorce,annulment,orseparate

maintenance,Groomand Brideagreethatthereshallbenoproperty

settlementordivisionofpropertybetweenthem,buteachshallkeepand

retainsoleownership,enjoyment,control,andpowerofdisposalofall

propertyofeverykindandnaturewhatsoevernowownedorhereafter

acquiredbysuchpartyandallincrementstheretofreeandclearofany

interest,right,orclaimsoftheother.Nosuchpropertyshallbesubjectto

anypresentoffutureruleoflawofanyjurisdictionwhich,intheeventof

dissolutionofamarriage,wouldotherwisesubjectsuchpropertyto

equitabledistributionordivisionbetweenhusbandandwife,orwhich

would otherwiseprovide fora distributive award in lieuof suchdistribution

ordivision.Theyfurtheragreethatinanysuitfordivorce,annulment,or

separatemaintenance, neitherofthemwillfileanypleadings thatrequest

a division of property contrary to the provisions of this Agreement.

Agreement to beMadeUponDivorce.GroomandBrideagreethatpriorto

entryofanydecreeofdivorce,annulment,orseparatemaintenance,they

willexecuteanagreementandsuchotherdocumentsasmaybe

necessarytosetasidetoGroomallofthepropertydescribedhereinas

beinghisseparateproperty,andtosetasidetoBridealloftheproperty

described hereinasbeing her separateproperty. As toproperty ownedby

Groom and Bridejointly,whichisnotreadilydivisibleinkindandthe

continued undivided ownership of which would be disagreeable to either of

them, they shall agree upon a value thereof and the party wanting to retain

thesameshallpaytotheothertheagreedvalueoftheother’sinterestin

cashwithintwomonthsafterthefilingoftheaction.Ifthepartiescannot

agreeonavalue,theywillacceptthevaluationofamutuallyagreeable

appraiser, one-halfof whose feesshall bepaid byeach ofthem. If,after a

valuationhasbeenreached,GroomandBridecannotgiveagreewhichof

themwillbuytheother’sinterest,theassetorasset’sindisputewillbe

soldbya publicauctioneeratpublicauctionatwhichthepartiesmay bid,

and the sales proceeds will be divided between Groom and Bride according

totheirrespectiveownership,theauctioneer’sfeesandexpensesbeing

paid one-half each by Groom and Bride. Provided, always, that this detailed

provisionisincludedin thisAgreementonly toforestallcontroversyandis

notintendedtoimplyorcreatejointownershipofanypropertyunlessthe

same is clearly jointly owned pursuant to the provisions of this Agreement.

PossessionofMaritalHome.IfeitherGroomorBridefilesanactionfor

divorce,annulment,orseparatemaintenance,theotherpartywillretain

possession of themarital home. The partyfilingfordivorcewillvacatethe

marital home within one week after the action is filed, taking only his or her

separate property.

NoTemporaryMaintenance.IfeitherGroomorBridefilesanactionfor

divorce,annulment,orseparatemaintenance,eachofthemagreesthat

he orshewill not,regardless ofwho files theaction oranyalleged faultin

thebreak-up of themarriage orchangedfinancialcircumstancesbetween

thedateofthis Agreementandthedateoftheaction,seekorrequestor

beentitledtoanytemporaryorinterimmaintenance,support,alimony,

attorney’sfee,orsuitmoneyfromtheother.If,despitethisagreement,

either party should obtain an order for such sums, any amount or amounts

otherwise due tosuch partypursuant tothis ArticleIV shallbe reduced by

twice the amount so ordered.

Amount to be PaidtoBrideUponDivorce.Ifeitherpartyfilesanactionfor

divorce,annulment,orseparatemaintenancewhichresultsinafinal

decreeofdivorce,annulment,orseparatemaintenance,Groomagreesto

pay Bride,infullsatisfactionofanyclaimsorrightswhichshemight

otherwisehaveforalimony,maintenance,support,attorney’sfees,or

divisionofpropertyoranyotherclaimsor sumsarisingfromthemarriage

or the action, and in lieu of any and all sums which might otherwise be due

tohertherefor(exceptwhatmaybeowedtoherpursuanttoparagraph

25),cashintheamountof$amountsuchsum,tobepaidinmonthly

installmentsof1/24thofthetotalsum,thefirstofsuchinstallmentstobe

paidonthedatewhenafinaldecreeofdivorce,annulment,orseparate

maintenance hasbeen enteredandthe timewithin whichan appealcould

be taken therefrom has expired, or the date after a final decree when Bride

has executed an effective waiver of any appeal rights, whichever is earlier,

withsubsequentinstallments,ifany,tobepaidonthesamedayofeach

monththereafteruntilthetotalamountofsuchsumhasbeenpaidinfull

without interest. ShouldBridedie or remarry before all of such installments

havebeenpaid,anyinstallmentswhichwouldotherwisehavebecome

dueafterthedateof suchdeath or remarriageshallceaseandterminate.

The amount payable toBride pursuant to this paragraph 28, if any, shall be

adjustedbytheproportionthatthe“ConsumerPriceIndex-AllUrban

Consumers-UnitedStates,Allitems(“CPI”),(1982-84=100)”(oriftheCPI

should cease to be published, another cost of living index which as closely

as possibleshallapproximatethe CPI)forthemonthinwhich suchaction