In consideration of the above, and of the mutual promises and agreements contained in this Divorce Settlement Agreement, the parties, intending to be legally bound, do hereby agree as follows:
1. AGREEMENT TO LIVE SEPARATE AND INDEPENDENT.
The Parties agree to live separate and apart from each other, as if not married, and each Party shall be free from any interference, harassment, authority or control whatsoever of the other Party. The Parties shall each have full and unfettered control over their own destiny.
2. AGREEMENT WITH RESPECT TO PROPERTY.
The following property is subject to equitable division between the Parties and the Parties agree to the division of such property as described in the subparagraphs below.
1. The real estate property located at ADDRESS (hereinafter the “Marital Residence”).
Title to the Marital Residence is in both Parties’ names, and other than a mortgage on the Marital Residence held by BANK NAME, there are no liens or encumerances on the Marital Residence. Upon execution of this Divorce Settlement Agreement, Wife shall assume ownership of the Marital Residence as well as any and all rights, responsibilities and obligations related to the Marital Residence and Husband releases and relinquishes to the Wife any and all right, title, claim or interest Husband may have in or to such Marital Residence.