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201802217
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Last modified
12/9/2019 6:30:27 PM
Creation date
4/9/2018 12:21:07 PM
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DEEDS
Inst Number
201802217
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and Defendant's 50% interest in HU Custom Harvesting LLC, a Nebraska limited <br />liability company. Plaintiff shall forego any and all stock interest that she may <br />have by virtue of the aforementioned entities and her marital interest. Defendant <br />agrees to hold the Plaintiff harmless from any liability arising from any of those <br />corporate entities aforementioned and will indemnify her in the event of breach <br />or default by Defendant. That Plaintiff shall transfer and assign all of the <br />aforementioned interest in the common stock of JSH Farms, Inc., a Nebraska <br />corporation to the Defendant and shall also resign as an officer and director of <br />said corporation upon written confirmation that Defendant has removed Plaintiff <br />from any and all personal liability for all loans she may have signed or personally <br />guaranteed with Farm Credit Services. <br />i. Property Equalization: In order to equalize the marital estate, <br />Defendant does hereby agree that he shall pay to the Plaintiff, not as alimony, <br />but as a Property Settlement equalization payment which is not taxable to the <br />Plaintiff or tax deductible by the Defendant to equalize the marital estate, a sum <br />of $1,080,000.00. Said judgment to be paid as follows: <br />1. $200,000.00 paid thirty (30) days from the date of the entry <br />of the Decree; <br />2. A balance of $880,000.00 shall be amortized over ten (10) <br />years at the judgement interest rate 3.152% with semi- annual <br />19 <br />2018Q2217 <br />
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