On December 17, 1990 a letter was filed in the clerk's office addressed to the undersigned announcing the parties' agreement wherein the plaintiff would pay the sum of $10,000.00 to the defendant in lieu of any award in and to his pension benefits. It was further announced that this sum was secured by a "Mortgage Deed and Note (enclosed)." The letter is signed by each of the attorneys. Attached to it is a copy of the promissory note and mortgage deed each signed by the plaintiff John Joseph O'Keefe.
Having considered the totality of the circumstances in this case, I find that the agreement reached by the parties is fair and equitable and is accordingly approved.
The original judgment of the court as set forth on the "Dissolution Of Marriage Disposition Sheet" dated March 7, 1990 relating to the plaintiff's pension benefits in paragraph 4 is set aside and the following order is entered in lieu thereof:
"4. Plaintiff's Pension: The plaintiff is ordered to pay to the defendant the sum of CT Page 468 $10,000.00 as the defendant's share of the plaintiff's pension benefits. The plaintiff shall issue to the defendant his promissory note for said sum and the same shall be secured by a mortgage deed on the premises known as No. 27 Huber Avenue, Meriden, Connecticut. Said promissory note shall provide for payment of the face amount in six equal annual installments of $1500.00 commencing September 15, 1990 and a seventh and final installment of $1,000.00 payable on September 15, 1996. Said note shall be non-interest bearing unless a default occurs, in which event interest shall then accrue at 8% per annum until paid in full together with costs of collection including a reasonable attorney's fee."
JOHN OTTAVIANO, JR. STATE TRIAL REFEREE
