Particular provisions in agreement.

Commencing _________, 19__, husband shall make periodic payments to wife for her support and maintenance (which obligation shall be separate and apart from and in addition to his obligations under the other provisions of this agreement) of the following amounts at the following times:

1. For 104 weeks (two full years) husband shall pay the amount of $_____ per week payable every 2 weeks or every 4 weeks as the wife elects.

2. From and after _________, 19__, husband shall pay to wife $_____ per month payable on the first day of each and every month for 120 months (ten years) at which time all alimony payments shall terminate.

3. The wife acknowledges that the payments in this Article _________ are in the way of alimony, support and maintenance and as such are taxable income to her and may be deductible by the husband.

4. In the event of husband's death, husband's estate shall continue to be liable for the payment of the wife's support and alimony. The executors may, at their sole option to be exercised at any time, pay in a lump sum all payments thereafter falling due under this Article _________ discounted to their present worth (at the time of payment) at _____% interest. To further secure the payment by the estate, husband agrees to provide life insurance as provided for in Article _________ as collateral.



______________________________________________________________________________________

 

More Real Estate Forms

 

Browse Real Estate Forms & Mortgage Forms Alphabetically

 

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 



Home Courses Real Estate Forms Income Properties For Sale Forums Real Estate Articles   

Copyright © 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.