Brown v. Brown

On November 4, 1964, plaintiff wife filed for a divorce from the defendant. A trial was subsequently held, and on July 23, 1965, the court granted plaintiff an absolute decree of divorce. The decree also confirmed and incorporated a property settlement agreement previously executed by the parties. The agreement provides that each of the parties shall become an undivided owner of one-half of the interest of the parties in certain real properties, and that one-half of the net proceeds (i.e. gross sales price less any obligations of the sellers to be deducted from such proceeds such as street…