- 5 - the Burlington property was encumbered by a first mortgage of $60,000 and a second mortgage of $30,000. Florence was to make the mortgage payments on these two loans. Neither Mr. Bowers nor Florence was represented by counsel up through this point in their divorce proceedings. The Burlington land records reflect the following encumbrances on the Burlington property as of April 15, 1988: Type Face Amount Date In Favor of Mortgage $70,000 Nov. 10, 1978 Hartford Natl. Bank & Trust Co. Mortgage 49,000 Mar. 21, 1980 United Bank & Trust Co. Mortgage unknown Apr. 23, 1980 Hartford Natl. Bank & Trust Co. Attachment 100,000 Aug. 20, 1980 United Bank & Trust Co. Attachment 100,000 Dec. 17, 1987 Citytrust The land records also included two notices of lis pendens: one dated September 8, 1980, by Hartford National Bank & Trust Co. referencing the April 23, 1980, mortgage; and the second dated October 28, 1980, by United Bank & Trust Co. referencing the March 21, 1980, mortgage. For the period May 7, 1988, to May 31, 1989, Mr. Bowers rented a two-bedroom condominium in Newington, Connecticut (the condo), for $895 per month. The lease included an option to purchase the condo for $149,900, on the conditions that Mr. Bowers notify the owners no later than August 30, 1988, of his decision to exercise the option, and that closing occur no later than November 30, 1988. Mr. Bowers did not exercise this option.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011