Halisey v. Howard

The plaintiff’s decedent, Charles Parandes, and the defendant, Lois B. Howard, each owned an undivided half interest in real property in East Lyme. On February 1, 1954, they conveyed this property to Allyn H. and Eugenia H. Rogers and took, in payment, a note payable in equal monthly instalments of principal and interest drawn “to Charles Parandes and Lois B. Howard, or order” for $12,000, secured by a mortgage on the property. The mortgage deed was recorded in the East Lyme land records. The defendant had physical possession of the note at all times. By agreement, the makers of the note sent…