Settlement of Community Property
Settlement of Community Property
1
the procedure for the settlement of the marital partnership between them
of participation in common property; c) That the spouse has no assets
reserved and expressly accepts the gains; d) That none of the
spouses have separate property to deduct from this settlement; e) That not
there are no rewards either for or against the marital partnership and/or the
spouses; f) That there are no pending fruits, since they have been
consumed by both spouses in the support of the common home; g) That they have
common goods that will be subject to this agreement have been determined by mutual agreement
settlement and for which purposes they have taken into consideration the state of
conservation of the same, their use and age, their current market value
the knowledge of commercial transactions regarding similar goods
characteristics and nature and, in the case of real estate, its appraisal
fiscal and its commercial appraisal. FIFTH: Common Goods. For the purposes of
this settlement, are common goods and with the appraisal values that
By mutual agreement, the spouses have established the following for each asset: A) Asset
root: she owns apartment number one hundred eleven of the eleventh floor
and the warehouse number 10 of the basement of Building Five, located on street
José Manuel Infante number two thousand seven hundred ninety-five, of the
Second Stage of the housing complex called the Ñuñoa condominium
Dos Mil, Ñuñoa commune, Metropolitan Region, according to the map
filed under number four thousand one hundred eleven-E to H; and also the owner of
rights in proportion to the value of what is acquired in conjunction with others
2
land granted for public use, points F-G of the plan; at one point ninety
approximately meters with a strip of land granted for public use, points J-
To the plan; at approximately twelve point eighty-three meters with a strip.
of land granted for public use, points O-P on the map, and in twenty-eight point
approximately ninety-eight meters with Alcalde Eduardo Castillo street
Velasco, points Q-R of the plane; SOUTHEAST, at an angle of eight point thirty
approximately meters with a strip of land granted for public use, points N-
To the east; EAST, approximately two point five meters with
strip of land granted for public use, points B-C of the plan; at thirty point
approximately forty-four meters with general boundary of the land,
points E-F of the plane; at sixteen point fifty-five meters
approximately with a strip of land granted for public use, points G-H of
plan; approximately five point thirty-four meters with a strip of
land granted for public use, points I-J of the plan; at fourteen point sixty
five meters approximately with a strip of land granted for public use,
K-L points of the plane; at thirty point seven hundred forty-five meters
approximately with general delineation of the land, points M-N of the plan, and in
Two point fifty meters approximately with a strip of land granted to
public use, points P-Q of the plane; WEST, at one hundred fifteen point zero
approximately nine meters with land from the Archdiocese of Santiago,
R-A points of the plane. It was acquired by purchase from the Puerto Real Estate Company.
Santo Domingo S.A., according to the deed dated July nineteenth of the year one thousand
Parking number one hundred nine on the first floor of the building on José Street
Manuel Infante number two thousand seven hundred ninety-five, Ñuñoa commune.
The parties assess these rights at the sum of five hundred thousand pesos.
Well root: is the owner of apartment number five hundred four, and the storage.
3
number twenty-two of Building One, at El Vaticano street number three hundred
fifty of the commune of El Tabo, San Antonio Province, Fifth Region.
The right to exclusive use and enjoyment of the parking space is understood.
number forty-seven, located on the common land of the lot where it is
raise that building, and the rights of ownership, use, and enjoyment that correspond.
to what is sold on the land and other goods considered common according to
the current laws and regulations and the corresponding Co-ownership Regulations. The
building of which the mentioned apartment is a part, was constructed in the
Lot Seven of the subdivision plan of Parcel A Eight, which in turn is part of
of Plan A, resulting from the merger and subdivision of several plots of land from
building called "Rest of the Fundo la Aldea", lot which according to the plan
filed under the number eight hundred forty-eight, of the Registry of
Properties of the year nineteen ninety-seven, delimits and measures: - AL
NORTH, in a section of twenty-six like sixty meters with Remaining Fabric A
Eight, partly at six point fifty meters with Lot two of the plan and in
part twenty-two point seventy-four meters with Remaining Cloth A Eight.- NOR
WEST, at sixty-two point seventy-seven meters with Remaining Cloth A
Eight.- SOUTH, at six point twenty meters with Remaining Fabric A Eight.- SOUTH
4
represented by Mr. Fernando José Echeverría Vial and Mr. Carlos
Cristian Cox Vial, accredited personalities in said contract, all domiciled
on Benjamin Street number two thousand nine hundred forty-four, second
apartment, Las Condes district, Santiago. The sale price was equivalent to
pesos, legal currency, of two thousand one hundred seventy Units of Account, for its
daily value as of the date of its writing, paid in the manner determined
said instrument, in accordance with the selling party. The others
stipulations consist of the cited deed. The title is registered at
pages one thousand seven hundred sixty-three number one thousand five hundred seventy-nine of
thirty, the warehouse the appraisal number one thousand eleven dash seventy nine of the
common of El Tabo. The previous title of ownership is registered from page two hundred
seventeen number two hundred seven of the Property Registry of San Antonio,
from the year nineteen ninety-six, petitioner Scotiabank South American.
That the parties evaluate, by mutual agreement, both the rights over the
parking lot, the warehouse and the property, previously identified, in the
total sum of thirty-eight million five hundred thousand pesos.SIXTH:
Determination of divisible liquid assets and distribution. According to the
preceding clauses have established that the company's asset
marital amounts to seventy-seven million pesos, which is the sum of the
valuation values assigned to common goods. That there are no debts to
consider. Consequently, the liquid assets of the marital society that are
it has dissolved is the sum of seventy-seven million pesos, corresponding to
to each spouse the amount of thirty-eight million five hundred thousand pesos,
title of half of the community property. SEVENTH: Grants. The
the parties agree to make the following awards among themselves, to
end of distributing the common goods, allocations that will be made based on
from the appraisal set by mutual agreement regarding each asset in the clause
fifth of this instrument: A) AWARDS TO LILY GIMPEL SMITH: It
agrees to assign and transfer to LILY GIMPEL SMITH, who accepts and acquires
to you with charge to your credit in this liquidation and partition, all the rights
Listed in section A) of the fifth clause of this deed, that is, the
apartment number one hundred eleven on the eleventh floor and the storage room
5
number ten of the underground of Building Five, located on José Manuel street
Infant number two thousand seven hundred ninety-five, of the Second Stage of the
housing complex called the Ñuñoa Two Thousand condominium, municipality of
Ñuñoa, Metropolitan Region, In addition to exclusive and perpetual use and enjoyment
from parking space number one hundred nine on the first floor of the building of
José Manuel Infante street number two thousand seven hundred ninety-five
Ñuñoa commune. The parties value these rights at the sum of
five hundred thousand pesos. By virtue of this, the liquid asset awarded to LILY
GIMPEL SMITH is the sum of thirty-eight million five hundred thousand pesos, to
half of the joint assets.
ESCOBAR LUCO: It is agreed to award and transfer to VÍCTOR OSVALDO
ESCOBAR LUCO, who accepts and acquires for himself at the expense of his belongings in
this liquidation and partition, the rights over the goods listed in the
fifth clause letter B of this deed, that is, apartment number
five hundred four, and warehouse number twenty-two of Building One, on street
The Vatican number three hundred fifty of the commune of El Tabo,
San Antonio Province, Fifth Region.- It also includes the
right of exclusive use and enjoyment of parking spot number
forty-seven, located on the common land of the lot where it stands
said building, and the rights of ownership, use, and enjoyment that correspond to
the sold in the land and other goods that are considered common
in accordance with the current laws and regulations and the Regulations of
6
plant with the allocations made to this communal member. B) PLANT OF
There must be. For your share or
participation in the settlement and participation of the marital community established
between her and her spouse, as expressed in the eighth clause, it
corresponds to the sum of thirty-eight million five hundred thousand pesos, which is
enter and pay with the awarding of all the goods and rights stated
in the letter 'B' of the fifth clause of this deed.. It remains as follows
informed and paid the proceeds of this parcel with the allocations made to
this communal member. NINTH: The assignments of the assets are made in the
state in which they currently find themselves, state that they claim to know and
to be content the respective awardees for being in material possession
of what has corresponded to each of them, with their uses, customs,
rights and easements, without further burdens and prohibitions than those that are
indicated in this same writing, and free from liens, disputes, pledges
general, common, or special, being mutually obligated to
eviction and sanitation in accordance with the law. TENTH: They declare the
appearers who with the agreements, conventions, stipulations and
statements contained in the preceding clauses have remained
liquidated and dissolved the marital partnership that existed between them, for which reason
7
complement omissions, and rectify any potential errors regarding the
individualization of the parts, the singularization of property, its
boundaries, or any other requirement that may be necessary to register in the
respective conservative. FOURTEENTH: The bearer of the copy is authorized.
authorized by this deed for the purpose of proceeding to request the
registrations and annotations that proceed.