|English term or phrase: encumbrances|
|RTICLE THIRTY-SEVEN: PERSONAL PROPERTY|
Except as otherwise specifically provided in Addendum "A" to this Agreement, ali personal property, whether tangible or intangible, and including, but not limited to, cash, credit union and bank accounts or similar savings or investment vehicles, including checking and savings accounts of any kind or nature, automobiles or other motor vehicles, recreational vehicles, tools, household items, furniture and furnishings, hás been fairly and reasonably divided between the parties, and any such property presently in the actual or constructive possession of either party shall henceforth be the sole, separate, and exclusive property of the party in actual or constructive possession thereof, free and clear of the non-possessory party and the non-possessory party hereby waives any present or future interest in such property. In the instance of intangible items of property, such as accounts or investment devices, if there is a conflict between possession and title, the concept of title shall control. In the event that any such account or investment device be titled jointly to the parties, the party not in present possession shall execute whatever documents, fornis or papers as may be required to permit the possessory party to enjoy the sole and exclusive ownership, dominion and control contemplated by this article. Except as otherwise specifically provided by this Agreement, any stocks, bonds, mutual funds, securities, cash accounts, bank accounts, or any other assets in the name of Husband or Wife solely, shall be deemed the sole and separate property of the person in whose name such property is owned and each party hereby waives and relinquishes any and ali right, claim or interest which they may otherwise have with respect to such assets. Any such assets which are titled jointly, such as stocks, bonds or bank accounts, and which are not specifically divided under the terms of this Agreement, shall be equally divided by and between the parties. Unless otherwise expressly provided in this Agreement, the party who is receiving any particular personal asset, whether tangible or intangible, shall assume any and ali liabilities associated with the ownership of such asset, and shall indemnify and hold the other party harmless from any and ali such liabilities. Each party represents that he or she is not aware of any facts which could constitute a potential liability relative to past wnership of said property, except for such mortgages, loans, debts, liens and encumbrances as are expressly stated in this Agreement.