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Page __of� <br />201705643 <br />2. Petitioner and Respondent shall each retain as their <br />sole and separate property any motor vehicles currently titled in <br />their names, subject to any and all debts thereon, and agree to <br />hold the other party harmless therefrom. <br />3. The parties acknowledge and agree that they have made a <br />division of household goods, furnishings, and all other personal <br />property and each party shall have, own, retain and possess such <br />items of household goods, furnishings, and other personal property <br />now in his or her own possession. <br />4. The family residence of the parties commonly know as <br />1111 E. Oklahoma and legally described as follows, to -wit: <br />Lot Seven (7), Valley View Subdivision, in the City of Grand <br />Island, Hall County, Nebraska, <br />shall be set off to Respondent as his sole and separate property, <br />free and clear of any claim by Petitioner, but subject to the <br />existing liens, debts, taxes and encumbrances against such real <br />estate, all of which shall be assumed and paid by Respondent, and <br />Respondent agrees to hold Petitioner harmles therefrom. <br />5. Petitioner's name shall be removed from the Bencharge <br />charge account, and Respondent agrees to indemnify Petitioner and <br />hold Petitioner harmless from any further liability thereon. <br />6. Respondent shall pay to Petitioner the sum of One <br />Thousand Seven Hundred Dollars ($1,700) which represents a <br />reimbursement of the down payment made by Petitioner on the real <br />estate hereinabove described. Said reimbursement shall constitute <br />