HomeMy WebLinkAboutL 13153 P 389 !!11 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I!!1 1 1 1 1 1
111111 I I I I I I I I
SUFFOLK COUNTY CLERK
RECORDS OFFICE
RECORDING PAGE
Type of Instrument: ASSIGNMENT OF LEASES / RENTS Recorded: 04/26/2022
Number of Pages : 10 At: 11 :50 :56 AM
Receipt Number : 22-0072228
MORTGAGE NUMBER: DNO05297
LIBER: D00013153
PAGE : 389
District: Section: Block: Lot:
1001 006 .00 02 . 00 006. 000
EXAMINED AND CHARGED AS FOLLOWS
Received the Following Fees For Above Instrument
Exempt Exempt
Page/Filing $50 . 00 NO Handling $20 . 00 NO
COE $5 .00 NO NYS SRCHG $15 . 00 NO
Affidavit $5 .00 NO TP-584 $0 . 00 NO
Notation $2 .50 NO Cert.Copies $0 . 00 NO
RPT $400 .00 NO
Fees Paid $497 .50
THIS PAGE IS A PART OF THE INSTRUMENT
THIS IS NOT A BILL
JUDITH A. PASCALE
County Clerk, Suffolk County
16
RECORDED
Number of pages 11:
2022 RGr �6 11:50:56 RM
JUDITH A. PR'SCALE
CLERK OF
This document will be public SUFFOLK. COUNTY
record.Please remove all L D00013153
Social Security Numbers P 389
prior to recording. DNO05297
Deed/Mortgage Instrument Deed/Mortgage Tax Stamp Recording/Filing Stamps
3 1 FEES
Page/Filing Fee
Mortgage Amt.
1.Basic Tax
Handling 20. 00
2. Additional Tax
TP-584 ` Sub Total
Notation S Spec./Assit.
or
EA-52 17(County) Sub Total J lJ Spec./Add. '
EA-5217(State) TOT.MTG.TAX
ti
R.P.T.S.A. Dual Town Dual County
_
Held for Appointment
Comm.of Ed. S. 00
Transfer Tax
Affidavit ` Mansion Tax
The property covered by this mortgage is
Certified Copy or will be improved by a one or two
NYS Surcharge 15. 00 � ✓ family dwelling only.
Sub Total YES or NO
Other q q �j�
Grand Total r`�`� If NO, see appropriate tax clause on
page# of this instrument.
4 Dist. lo( 48205001/IIIII ��vv— �� vvwwO 5 Community Preservation Fund
Real Property Consideration Amount$
Tax Service PTOSL 1111111111
jjjj�
IVIIIII1II1I11II1IIIIII
Agency 30-MAR-2 CPF Tax Due $
Verification
— ' Improved
6 Satisfactions/Discharges/Releases List Property Owners Mailing Address
RECORD&RETURN TO: Vacant Land
Dime Community Bank TD
Attention: Commercial Loan Documentation
898 Veterans Memorial Highway Suite 560 TD
Hauppauge,NY 11788 TD
Mail to:Judith A. Pascale,Suffolk County Clerk 7 Title Company Information
310 Center Drive, Riverhead, NY 11901 Co.Name Bridge Abstract LLC
www.suffolkcountyny.gov/clerk Title# BALRE5442S
8 Suffolk County Recording & Endorsement Page
This page forms part of the attached Assignment of Leases and Rents fury j/ made
by: (SPECIFY TYPE OF INSTRUMENT)
425 Front St Greenport Inc,and ❑ The premises herein is situated in
❑ 1 Jaspa Rd Shelter Island Inc. SUFFOLK COUNTY,NEW YORK.
TO In the TOWN of Southold/Shelter Island
Dime Community Bank In the VILLAGE
Fi or HAMLET of Greenport
BOXES 6 THRU 8 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO RECORDING OR FILING.
over
P T S
Stat ID: 4820500 R POL A30-MAR-22
Tax Maps
District Secton Block Lot School District
1001 00600 0200 006000 GREENPORT
0700 01500 0200 015000 SHELTER ISLAND
COLLATERAL ASSIGNMENT OF LEASES AND RENTS
This Assignment made as of this 25th day of January, 2022, by and 425 FRONT ST
GREENPORT INC., and JJASPA RD SHELTER ISLAND INC., each a New York corporation
having a business address ofP.O. Box 591, Shelter Island Heights,New York 11965 (the"Assignor")and
DIME COMMUNITY BANK, having a place of business at 898 Veterans Memorial Highway, Suite
560, Hauppauge, New York ("Assignee"); ' ''7� l�. Nh I,/
,r/ &&b
WITNESSETH :
Assignor is the fee owner of premises known as 425 Front Street, Greenport Inc., and 1 Jaspa
Road, Shelter Island Heights, New York (the "Premises"), and has agreed to (i) enter into a Loan
Agreement, dated January 25, 2022, with Assignee for the for a consolidated mortgage loan of
$1,117,500.00("Loan Agreement"),and(ii)make a consolidated mortgage note to Assignee in the amount
of $1,117,500.00 ("Note") secured by a consolidation, extension and modification agreement in like
amount secured by the Premises ("Mortgage") dated January 25, 2022 and to be recorded in the Office
of the Suffolk County Clerk (the Loan Agreement, Note, Mortgage and all other documents executed by
Assignor in connection therewith are collectively referred to as"Loan Documents").
As a condition to making such a loan to Assignor pursuant to the Loan Documents, Assignee
requires Assignor to execute and deliver this Collateral Assignment of Leases and Rents further securing
Assignor's indebtedness to Assignee. (See attached Mortgage Schedule)
NOW THEREFORE, in order to better secure the payment to the Assignee of the principal
amount due under the Loan Documents, with interest now due or hereafter to become due, and of all
monetary obligations of the Assignee under and pursuant to the Loan Documents, the Assignor hereby
assigns to the Assignee all of the rents, profits and issues due and to become due from the Premises,
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together with all documents, leases, agreements, service contracts and insurance policies affecting the
Premises.
1. RENTS
Upon Assignor's default under the Loan Documents,Assignee shall have the power and authority
to enter upon and take possession of the Premises and to demand, collect and receive from the tenants,
lessees or parties in possession of the Premises or part thereof, rents now due or to become dee;to endorse
Assignor's name or any subsequent owner of the Premises, on any checks,notes or any other instruments
for the payment of money; to deposit same in Assignee's accounts; to give any and all instruments in
connection thereto in Assignor's name or in the name of Assignee; to institute, prosecute, settle or
discontinue any summary or other legal proceedings for the recovery of rents or profits or to recover the
whole or part of the Premises; to institute, prosecute, settle or discontinue any other legal proceeding for
the protection and security of the Premises, for damages sustained to the Premises or from any other cause
or for the abatement of any nuisance thereon. Assignee shall also have the right and power to defend any
legal proceeding brought against Assignor or any subsequent owner of the Premises arising out of the
operation of the Premises.
MORTGAGE SCHEDULE
1. Mortgage, dated April 7, 2016, and recorded on April 18, 2016, in the Suffolk County Clerk's office at
Liber 22693 Page 702, in the principal amount of$685,000.00 executed by 425 Front St Greenport Inc.and I Jaspa
Rd Shelter Island Inc., as Mortgagors, in favor of The Bridgehampton National Bank, as Mortgagee(Mortgage tax
paid: $7,192.50);
2. Mortgage, dated September 12, 2019, and recorded on September 27, 2019 in the Suffolk County Clerk's
office at Liber 23064 Page 735, in the principal amount of$312,687.50 executed by 425 Front St Greenport Inc.
and I Jaspa Rd Shelter Island Inc., as Mortgagors, in favor of BNB Bank, as Mortgagee (Mortgage tax paid: $
3,283.35);
3. Consolidation, Extension and Modification Agreement, dated September 12, 2019, and recorded on
September 27, 2019 in the Suffolk County Clerk's office at Liber 23064 Page 736, in the principal amount of
$925,000.00 executed by 425 Front St Greenport Inc.and I Jaspa Rd Shelter Island Inc.,as Mortgagors, in favor of
BNB Bank,as Mortgagee,which consolidates Mortgages I and 2 above,which has an outstanding principal balance
of$880,793.41;
4. Mortgage,dated January 25,2022 and to be recorded in connection herewith in the Suffolk County Clerk's
office, in the principal amount of$236,706.59, executed by 425 Front St Greenport Inc. and I Jaspa Rd Shelter
Island Inc., as Mortgagor, in favor of BNB Bank,as Mortgagee(Mortgage tax paid: ,�, �3r ).
2. AUTHORITY TO LEASE
Upon the default by Assignor under the Loan Documents, Assignee shall have the right, power
and authority to lease or rent the Premises or any part thereof; to employ an agent to manage and rent the
Premises, to make any and all improvements to the Premises deemed solely by Assignee to be necessary
for the leasing of the Premises, to maintain and keep the Premises in a rentable condition and in a good
state of repair, to purchase any and all supplies, materials and equipment deemed necessary by Assignee
in the continued operation and maintenance of the Premises, to pay all utilities, taxes and assessments for
the Premises now due and to become due which are or may become liens against the Premises, to pay the
principal and interest which are or may become due under the Loan Documents, to pay the premiums on
all insurance policies affecting the Premises which are or may become due, to comply with all orders or
notices of any governmental authority having jurisdiction over the Premises, to discharge Mechanic's
Liens or any other interests or liens filed against the Premises either by payment to the lienar or by filing
with the appropriate court a bond pursuant to court order, and to pay all charges and expenses incurred in
the operation of the Premises.
3. EXPENSES
The Assignee shall have the authority, which is expressly given by Assignor, to pay for all matters
from the rents and revenues collected from the Premises. These costs and expenses and any other payment
made by Assignee in connection with the operation of the Premises, including reasonable attorneys' fees,
shall be a charge to Assignor and for any and all purposes shall be deemed to be secured by the Loan
Documents and may be deducted from the rents and profits received from the operation of the Premises.
4. ASSIGNEE'S LIABILITY
Except for the willful malfeasance or gross negligence of Assignee,the Assignee shall not be liable
for any act or omission but shall only be liable to account for moneys received by Assignee.
Notwithstanding the foregoing, nothing herein contained shall be deemed to prejudice Assignee's rights
to institute and prosecute the foreclosure of the Mortgage or to enforce any lien on other collateral which
the Assignee has or to prejudice any other right of Assignee which may arise due to Assignor's default
under the Loan Documents.
5. ASSIGNMENT OF LEASES UPON DEFAULT
In the event of a default under the Loan Documents, Assignor hereby assigns and transfers to
Assignee all the leases and subleases, if any, made to the occupants of the Premises and all of its right,
title and interest to the security stated in those leases and subleases and the Assignor further authorizes
and empowers Assignee to honor the terms, conditions and provisions of the leases and subleases or to
rent any one or more of the units in the Premises upon such terms,conditions and provisions as Assignee,
in its sole discretion deems prudent and to execute any and all documents necessary to accomplish that
end. Assignee shall have the full power and authority to do any and all acts with respect to the Premises
as the Assignor might or be permitted to do, with full power and substitution and Assignor hereby
expressly ratifies and confirms those acts which might be done by Assignee.
6. LEASE MODIFICATION
Assignor will not, except if expressly permitted in the Loan Documents, without the prior written
consent of Assignee cancel, modify or surrender any lease now or in the future existing with respect to
any unit in the Premises; abate or reduce any rent due under any lease; modify, alter or amend any of the
terms, provisions and conditions of any lease; and/or execute any new lease for any unit in the Premises.
7. ACCOUNTABILITY
Assignee, except for its acts of gross negligence or willful misconduct, shall not be liable or
responsible in any way for the failure to account or fraud or defalcation of rents received by Assignee's
agent designated to manage the Premises or collect the rents. Assignee shall in no way be liable for its
failure or refusal to make repairs to the Premises nor for any debt incurred in connection with the operation
of the Premises.
8. DEFAULT
Notwithstanding anything to the contrary contained in this Collateral Assignment of Leases and
Rents, the default provisions contained in the Loan Documents shall in no way be affected by the terms,
provisions and conditions contained in this document.
9. ASSIGNEE'S RIGHT IN THE COLLATERAL
This Collateral Assignment of Leases and Rents supplements the Loan Documents. It is expressly
agreed by the parties hereto that the rights and powers given to Assignee contained in this document shall
in no way prejudice or estop the Assignee in the exercise of the rights afforded to it in the Loan Documents
or against any other collateral of Assignor that Assignee may have.
10. SURPLUS
Except as required by law, Assignee may but shall be under no obligation to do so, tum over to
the Assignor any surplus moneys which the Assignee may have after paying all expenses incurred in
connection with the operation of the Premises and establishing a reserve fund necessary for the payment
of fixed charges due or to become due for such time as Assignee, in its sole discretion deems reasonable.
The tender by Assignee to Assignor of surplus moneys on one occasion shall not obligate Assignee to
tender surplus moneys thereafter.
11. FURTHER ASSIGNMENT BY ASSIGNEE
The Assignee may assign all of its right, title and interest in and to this Collateral Assignment of
Leases and Rents to any person or entity to whom the Loan Documents are assigned and upon such
assignment, the holder,of the Loan Documents shall have all the rights and powers contained herein as if
an original party hereto.
12. CONSENT
Should the Assignor be a corporation,the Assignor hereby expressly certifies that this Assignment
was approved and authorized by the board of directors of such corporation and that there is no requirement
under the corporation's certificate of incorporation or by-laws that require the consent of the shareholders.
Should the Assignor be a partnership, the execution and delivery of this Collateral Assignment of
Lease and Rents have been duly approved by its partners.
Should the Assignor be a limited liability company, the execution and delivery of this Collateral ,
Assignment of Leases and Rents have been duly approved pursuant to its operating agreement, or if none,
by its managing member.
13. DESCRIPTION OF PREMISES
The Premises are more particularly described on Schedule A which is attached hereto and made a
part hereof.
14. SATISFACTION OF UNDERLYING DEBT
Upon the payment in full of all indebtedness secured by the Loan Documents, Assignee shall
execute and deliver, in recordable form, a release of this Collateral Assignment of Leases and Rents.
15. ASSIGNOR'S COLLECTION OF RENTS
Provided that Assignor is not in default under the Loan Documents, Assignor shall have the right
to collect,but not more than thirty (30)days prior to accrual, all rents, issues and profits from the Premises
and to retain, use and enjoy same.
16. AGREEMENT BINDING
This Collateral Assignment of Leases and Rents shall be binding on the Assignor and its successors
and assigns and shall inure to the benefit of Assignee, its successors and assigns. This Collateral
Assignment of Leases and Rents may not be changed orally but only by an agreement in writing signed
by the parties hereto.
17. LAW GOVERNING
The terms, conditions and provisions of this Collateral Assignment of Leases and Rents shall be
governed by the laws of the State of New York without regard to conflicts of law principles.
18. PRIOR ASSIGNMENT
Assignor represents and warrants that it is the owner in fee of the Premises and has not executed
any prior assignment or pledge of any of its rights, nor are its rights encumbered,with respect to the ]cases
assigned hereunder,or any of rents, income or profits due or to become due from the Premises, except
as are encumbered by the Loan Documents. Assignor further represents and warrants that it shall not
assign,pledge or encumber the leases to any party or entity during the terms of this Collateral Assignment
of Leases and Rents.
19. LEASES
Annexed hereto and made a part hereof as Schedule B are the existing leases for the Premises.
Any and all future leases executed by Assignor for the Premises shall also be included in the leases and
rents pledged as collateral pursuant to,and shall be subject to the terms and conditions of, this Assignment
Agreement.
WFG National Title Insurance Company
Title Number: BALRE5442S
Page 1
SCHEDULE A DESCRIPTION
Parcel I
ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected,
situate, lying and being in the Town of Shelter Island, County of Suffolk and State of New York,
bounded and described as follows:
BEGINNING at a point on the southerly side of Jaspa Road distant westerly 110.00 feet from the
corner formed by the intersection of the westerly side of Ferry Road (S.R. 114) and the southerly
side of Jaspa Road;
RUNNING THENCE along land now or formerly of Daniel Calabro, South 06 degrees 37 minutes
20 seconds West, 100.00 feet to land now or formerly of M. Ketcham & S. Silvaini;
THENCE along said last mentioned land, North 85 degrees 11 minutes 10 seconds West, 90.00
feet to a concrete monument and land now or formerly of Ruth W. Hanes;
THENCE along said last mentioned land, North 06 degrees 37 minutes 20 seconds East, 100.00
feet to the southerly side of Jaspa Road;
THENCE along the southerly side of Jaspa Road, South 85 degrees 11 minutes 10 seconds East,
90.00 feet to the point or place of BEGINNING.
1
WFG National Title Insurance Company
Title Number: BALRE5442S
Page 2
Parcel II
ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected,
situate, lying and being in the Village of Greenport, Town of Southold, County of Suffolk and State
of New York, bounded and described as follows:
BEGINNING at a point on the southerly side of Front Street(S.R. 25) distant 38.19 feet easterly
from the corner formed by the intersection of the southerly side of Front Street with the easterly
side of Fifth Street(Kaplan Avenue);
RUNNING THENCE along the southerly side of Front Street, North 84 degrees 33 minutes 30
seconds East, 40.00 feet to land now or formerly of Frank Polistena;
THENCE along said last mentioned land, South 04 degrees 46 minutes 40 seconds West, 119.79
feet to land now or formerly of E.D. Aanestad & J.A. Rose;
THENCE along said-last mentioned land, North 81 degrees 54 minutes 40 seconds West, 40.00
feet to land now or formerly of Teri Coyne;
THENCE along said last mentioned land, North 05 degrees 04 minutes 40 seconds East, 110.38
feet to the southerly side of Front Street at the point or place of BEGINNING
2
SCHEDULE B
Existing Leases:
Landlord: James Olinkiewicz/ 1 Jaspa Rd Shelter Island Inc.
Tenant: David Campos
Premises: Apartments 1&2, 1 Jaspa Road, Shelter Island,New York
Landlord: James Olinkiewicz 1 l Jaspa Rd Shelter Island Inc.
Tenant: Steve Harvey
Premises: Office 1, 1 A Jaspa Road, Shelter Island,New York
Landlord: James Olinkiewicz/ l Jaspa Rd Shelter Island Inc.
Tenant: Campos Construction
Premises: Office 2, ]A Jaspa Road, Shelter Island,New York
Landlord: James Olinkiewicz/ 1 Jaspa Rd Shelter Island Inc.
Tenant: Beth Santillo
Premises: Basement 1, IA Jaspa Road, Shelter Island,New York
Landlord: James Olinkiewicz/425 Front St Greenport Inc.
Tenant: Cherish Brown
Premises: Apartment A,425 Front Street, Greenport,New York
Landlord: James Olinkiewicz/425 Front St Greenport Inc.
Tenant: Carmen Solla
Premises: Apartment B,425 Front Street, Greenport, New York
The Parties have reviewed the leases identified above, are familiar with the contents thereof, and
agree that the contents of all such leases are incorporated into this Collateral Assignment of Leases and
Rents by refer e a as if attached hereto and fully set forth he .
Initial- , Assignor
Dime Community Bank, Assignee
IN WITNESS WHEREOF, the Assignor has executed this Collateral Assignment of Leases and
Rents the date and year first written above.
ASSIGNOR: ASSIGNEE
425 FRONT ST REENPORT INC. DIME COMMUNITYANK
By: By:
Name: s inkiewicz Name: N y Messe
Titl . P sident Title: Vice Presid
ASSIGNOR:
iASPA SHELTER ISLAND INC.,
. James linkiewic
e: President
ACKNOWLEDGEMENT TAKEN IN ACKNOWLEDGEMENT TAKEN IN
NEW YORK STATE NEW YORK STATE
State of New York, County of Suffolk, ss: State of New York, County of Suffolk ss:
On the 25th day of January, 2022, before me, On the 25th day of January, 2022, before me,
the undersigned, personally appeared James the undersigned, personally appeared Nancy
Olinkiewicz personally known to me or proved Messer, personally known to me or proved to
to me on the basis of satisfactory evidence to be me on the basis of satisfactory evidence to be
the individual(s) whose name(s) is (are) the individual(s) whose name(s) is (are)
subscribed to the within instrument and subscribed to the within instrument and
acknowledged to me that he executed the same acknowledged to me that he executed the same
in his capacity(ies), and that by his signature(s) in his capacity(ies), and that by his signature(s)
on the instrument, the individual(s), or the on the instrument, the individual(s), or the
person upon behalf of which the individual(s) person upon behalf of which the individual(s)
acted, executed the instrument. acted, executed the instrument.
IhI
otary P is Notary Pu iic
AR RET HOROWITZ MARGARET KII 1DWITZ
NOTARY PUBLIC,STATE OF NEW YORK NOTARY PUBLIC,STATE bF NEW YORK
No.01H06307056 Reglstra��'No.0olk 007056
flfl�pagwrawd h Suffolk Co�Y in R aj ne 3o, 022
(Notary Stam res June 30 2022 Commission
(N ry � (Notary Stamp)
flhJ&v49
AFFIDAVIT MADE PURSUANT TO
ARTICLE 11, §255 OF THE TAX LAW
STATE OF NEW YORK )
) ss..
COUNTY OF SUFFOLK )
James Olinkiewiez, being duly sworn,deposes and says:
That he is the President of 425 Front St Greenport Inc. and 1 Jaspa Rd Shelter Island Inc.,
collectively the owners of the property which is subject to the hereinafter described mortgages and the notes
secured thereby and is familiar with the facts set forth herein.
That the mortgages described on Exhibit "A" have been recorded or are submitted for recording
simultaneously herewith(collectively,the"Mortgages")on which all required mortgage tax was paid.
The Borrower has an existing mortgage with BNB Bank("Mortgagee")securing a loan in the total
principal amount of ONE MILLION ONE HUNDRED SEVENTEEN THOUSAND FIVE HUNDRED
and 001100 DOLLARS($1,117,500.00).
Said loan is evidenced by a certain Loan Agreement from Borrower to Mortgagee dated September
12,2019,and is secured by a Mortgage made by Borrower to Mortgagee covering the mortgaged property,
January 25,2022(the"Mortgage"), which will be recorded in the Office of the'Suffolk County Clerk.
In connection with the foregoing Mortgage,there is herewith offered and presented to the Suffolk
County Clerk's Office of a Collateral Assignment of Leases and Rents between Mortgagor and Mortgagee
dated January 25, 2022, by which Mortgagee is assigned certain rights in rents and other moneys relating
to the occupancy of the premises encumbered by the aforesaid Mortgage and as security collateral to such
mortgage.
Such Collateral Assignment of Leases and Rents neither creates nor secures any original, new or
further principal indebtedness or obligation in addition to or not already secured by or which under any
contingency may be secured by or which under any contingency may be secured by the aforesaid Mortgage.
This affidavit is submitted to the Office of the Suffolk County Clerk in support of the exemption
of the foregoing Collateral Assignment of Leases and Rents from the imposition or payment of mortgage
tax under Article 1 I of the Tax Law pursuant to provisions of Sectio 255 of the Tax Law of the State of
New York. • .
J 01inklewicz, Preside
Sworn to before me this
25th day of January, 2022
,.s
0
otary Public N
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MARGARET HOROWITZ v C. r- x ' M
NOTARY PUBLIC,STATE OF NEW YORK o u 7, M M CN a
Aeglstmtion No.01 H06307056 CA rn� rD
Qualifled In Suffolk County �D � C4 C, CD -0 m
CommhWon Expires June 30,2022 --qCn Ln C'
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LIST OF EXISTING MORTGAGES
1. Mortgage, dated April 7, 2016, and recorded on April 18, 2016, in the Suffolk County Clerk's
office at Liber 22693 Page 702, in the principal amount of$685,000.00 executed by 425 Front St Greenport
Inc. and I Jaspa Rd Shelter Island Inc., as Mortgagors, in favor of The Bridgehampton National Bank, as
Mortgagee(Mortgage tax paid: $ 7,192.50);
2. Mortgage, dated September 12, 2019, and recorded on September 27, 2019 in the Suffolk County
Clerk's office at Liber 23064 Page 735, in the principal amount of$312,687.50 executed by 425 Front St
Greenport Inc. and 1 Jaspa Rd Shelter Island Inc., as Mortgagors, in favor of BNB Bank, as Mortgagee
(Mortgage tax paid: $3,283.35);
3. Consolidation, Extension and Modification Agreement, dated September 12, 2019, and recorded
on September 27, 2019 in the Suffolk County Clerk's office at Liber 23064 Page 736, in the principal
amount of$925,000.00 executed by 425 Front St Greenport Inc. and 1 Jaspa Rd Shelter Island Inc., as
Mortgagors, in favor of BNB Bank;as Mortgagee,which consolidates Mortgages l and 2 above,which has
an outstanding principal balance of$880,793.41;
4. Mortgage,dated January 25,2022 and to be recorded in connection herewith in the Suffolk County
Clerk's office, in the principal amount of$236,706.59,executed by 425 Front St Greenport Inc.and l Jaspa
Rd Shelter Island Inc., as Mortgagor, in favor of BNB Bank, as Mortgagee (Mortgage tax paid:
r
255 Aff