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<br /> 5. �It .is further agreed that Blanche 0, Rickard rras the ���;
<br /> owner of certain annuitY policies �on the date of' her death in �
<br /> which some of the Parties` of the First Part vrere named as bene-
<br /> ficiaries, and as part of the consideration for signing this
<br /> agreement by Second Party, each of 'said First Parties who were
<br /> named as beneficiari�s shall asrign to Second Party an undivided
<br /> one-third of th� proceeds to be received from said annuity policies.
<br /> 6. The list of a�nnuity policies with ths Equitable Life
<br /> Assurance Society of the United States, the named bentficiary
<br /> and the amount payable ir� accordanc� with the contract�, are
<br /> as follows:
<br /> a) #14320927, Opal Renner, �5,528,00
<br /> b) #1544930�, Ethel A. Keggin, 57,600,00
<br /> c) �58200917, Elaine Greene, $7,630.60
<br /> d) #59249709, Opal Renner, �8,575.57
<br /> The three First Parties naa�ed as benefiei�ries in said annuit�r
<br /> policies and Second Party agree and eanderstand that said po�icies
<br /> are payable periodically and said figures do not represent pre-
<br /> sent lum�-sum settlement values, �nd that if the indiwidual bene-
<br /> ffciaries d�sire and the insurance co�apany consentz, the pres�nt
<br /> value may be t�aker� in one su� sub3e�ct to the provisions of the
<br /> following paragraph�
<br /> ?� An action is p�nding in the Unit�d Stat�s District Court
<br /> in I.incolnD Nebraska which involv�a the annuity policies detailed
<br /> above in paragraph 6, and it is agreed between said named b�ne-
<br /> £iciaries and Second Party that court costs arad attorney f�es for
<br /> the attorneys representing the insurance coaapany shall be paid
<br /> out of the pxoceeds of said policies prior to dirision betvveen
<br /> tha parties in the proportion that said costs and fe�s beag to
<br /> th� amount of each pol3.cy as compared with the aa�ount of all
<br /> policies.
<br /> �, It is furthex agre�d that the said Blanche 0. Rickard
<br /> aras �h� owner of two annuity policies �ith Northwest�rn l�tatwal
<br /> Life Insuranca Comp any, being No, 20�670 payable to Cypr�nr�ia
<br /> Elaine Greene fos 34,652�20, and 19004 payable to Adrian Opal
<br /> Renner for $2,918,00, and that one-third of the proceeds of safd
<br /> policies shall be a�signed to Second Party. '�hese policies are
<br /> not in li�igation, and one-third of proceeds shall be paid to Second
<br /> Party and two-thirds to the named beneficiary. The stat�al su�as
<br /> represent value of pa�nnent§ in accordance with the contract, and
<br /> if an individual beneficiary desires and the insurance company �
<br /> consentsn the present value may. be taken in a lump sum and be
<br /> sub,ject to the same division.
<br /> 9. The parties agree that the sum of $40,922.51 has beera
<br /> paid to the United States Treasury to apply on Federal Estate
<br /> taxes and the sum of $9,000,00 has been paid to the State of
<br /> Nebraska to apply on Nebraska inheritance taxes, said payments
<br /> ha�ing been made by the Special Ada�inistrator under ord�r of -
<br /> the County Court of Hall CountY, Nebraska, and that when proportY
<br /> is r�ceived by �azh individual beneficiary� legatee or d�vigeQ,
<br /> his or her prorata share of fQderal estate�tax and the aeiovnt
<br /> due frosn him or her for inheritance tax, including a�y interest
<br /> and penalties, shall be paid to the Ex�cutor of the Estate of
<br /> Blanche 0. Rickard, Deceased, and shall beco�ae a part ef the
<br /> residue of said estate. If the amount of taxes :paid is insuffic-
<br /> ien� to meet such taxes as finallY deterrnin�d, each person rs-
<br /> c�iving property under this settlea�ent agr�e�aent shall pay such
<br /> additional tax in psoportion to the amount of proparty receivsd;
<br /> if the amount paid is in excess of amounts finally d�torminsd, tha
<br /> excess taxes sha1Z become a part of the residue of said estat�,
<br /> _2_ �,
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