Fill and Sign the Settlement of Community Property Louisiana Form

SETTLEMENT OF COMMUNITY PROPERTY _____________ : STATE OF LOUISIANA AND _____________ : PARISH OF ________ _________________________________________________________________ BEFORE THE UNDERSIGNED AUTHORITIES, Notaries Public duly commissioned and qualified in and for the Parish of ________ , State of Louisiana, and in the presence of the witnesses hereinafter named and undersigned: PERSONALLY CAME AND APPEARED: _____________ , whose current mailing address is _____________ , ________ , Louisiana ______ ; and _____________ , whose current mailing address is _____________ , ________ , Louisiana ______ ; who declared that they were divorced on ________ ___ , 20 ___ , by a Judgment rendered by the ______ Judicial District Court in and for the Parish of ______ , State of Louisiana, in the proceedings numbered ______ of its docket; and that they now desire to settle and liquidate the community of acquets and gains which formerly existed between them, and they have agreed to settle same in the following manner, to-wit: _____________ does hereby convey, transfer, set over, assign and deliver unto _____________ , the following described property, to-wit: That certain tract of land, together with all improvements, rights of way, privileges and servitudes thereto belonging, situated in Section ______ , Township ______ , Range ______ , ______ Ward of ______ Parish, Louisiana, on the East side of ______ ; measuring ______ feet on its front line by a depth between parallel lines measuring ______ feet, and being designated as LOTS ______ and ______ of a plat of survey known as ______ , prepared by _____________ , dated the ___ day of ______ , ___ , recorded in Conveyance Book ______ , Page ___ , Entry Number ___ of the Conveyance Records of ______ Parish, Louisiana; bounded on the North by ______ , East by Lot ___ of the above referred to plat of survey, South by ______ or ______ ' right of way, and West by Lot ______ of the above referred to plat of survey. TO HAVE AND TO HOLD the said property herein conveyed unto said transferee, his heirs or assigns forever, with full and general warranty of title and with subrogation to all rights of warranty and all other rights as held by transferor, _____________ . Both parties agree that each shall be individually liable for any debts incurred by him/her after ________ ___ , 20 ___ , regardless of the name under which the debt was incurred or whether any such debt was incurred on behalf of the community property regime which may have existed between them at the time such debts were incurred. To that end, each party agrees and does hereby hold the other party harmless from any liability on such debts incurred by him/her after ________ ___ , 20 ___ , and agrees to indemnify the other from any and all sums of money he/she may pay and for which he/she may be held liable under any such obligations. It is agreed that _____________ will be responsible for paying off the promissory note with _____________ , which is for Lots ___ and ___ , located in _____________ off of Highway ______ . Further, the parties hereto agree that any community property or assets not specifically mentioned in this act shall be transferred to that party under whose control or under whose name the said property or assets stand, it being their intention to fully discharge each other from any further accounting to the community which formerly existed between them. Any vendor's lien which may be created by this agreement in favor of any party hereto is hereby renounced and waived by each of the parties. Both parties acknowledge that the property description contained in this instrument was submitted to the undersigned notaries by them. The parties hereby agree to dispense with the production of any and all certificates which may be required by law, and to exonerate the undersigned notaries from all liabilities thereof. The parties hereto lastly agree that all Court costs incurred in the lawsuit entitled " _____________ vs. _____________ ," Docket Number ___ of the ______ Judicial District Court in and for the Parish of _____________ , will be assumed and paid by _____________ . THUS DONE AND SIGNED on the ______ day of _________________, 20 ___ , in _____________ , Louisiana, in the presence of the undersigned competent witnesses, who sign with appearer and me, Notary, after due reading of the whole. WITNESSES: ___________________________ _____________ ___________________________ _____________ ___________________________ NOTARY PUBLIC THUS DONE AND SIGNED on the ______ day of _________________, 20 ___ , at __________________, _________________ Parish, __________, in the presence of the undersigned competent witnesses, who sign with appearer and me, Notary, after due reading of the whole. WITNESSES: _________________________ _____________________________ _____________ _________________________ ___________________________ NOTARY PUBLIC