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Estranged S.C. First Lady Jenny Sanford has reportedly served legal papers on her unfaithful husband, Gov. Mark Sanford – papers which are said to include the specific terms of a financial settlement.

There’s just one problem – the governor is refusing to sign them, according to our sources.

It is unknown at this point whether or not the papers include a proposed divorce settlement, but the First Lady has made it perfectly clear that her twenty-year marriage to her philandering husband is over.

The Sanfords appeared together for the first time in months at a holiday open house event Thursday evening at the Governor’s Mansion – a residence Mrs. Sanford publicly exited in August after attempts at reconciling the marriage proved fruitless.

After permitting her husband an awkward kiss on the cheek, the two kept their distance from one another for the duration of the event.

Drama, drama, drama.

For Sanford, a divorce could prove financially lucrative in spite of his bad behavior.

After all, his attorneys could make the case that Mrs. Sanford’s willingness to attempt a reconciliation alleviates some of the obvious “marital fault” that falls on his shoulders.  Of course, the First Lady would be off the hook for her forgiving spirit if the governor has maintained romantic contact with his lover -as is widely believed to be the case.

Mrs. Sanford, born to a wealthy family, was a successful investment banker on Wall Street prior to managing her husband’s political destiny.

The governor?  He’s been successful at winning elections (thanks to his wife), but that’s about it.

After mysteriously vanishing from the state for five days in June (and lying to the public about his whereabouts), Gov. Sanford later admitted to having carried on a long-term affair with his Latin lover, Maria Belen Chapur.  In an interview with the Associated Press a week later, he called Chapur his “soul mate” and added that he had “crossed lines” with other women in the past.

As a result of the scrutiny into his administration stemming from his affair, Sanford is facing an ongoing investigation by the State Ethics Commission as well as impeachment hearings in the S.C. House of Representatives.

Interestingly enough, Barbara Walters of ABC News is in South Carolina this weekend filming her “10 Most Intriguing People of 2009” interview with the First Lady.

Wonder whether or not she raises this issue during those interview sessions?