HomeMy WebLinkAboutL 8973 P 584 Standard N.Y.B.T.U.Form 8061 6-76-1 oll —Release of Part of Mor d Premises. "` 'r
CONSULT'YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
It Br;8973 PAGE 4
THIS INDENTURE. mads the -- day of 19arch , nineteen hundred and eighty-one _
BETWEEN SOUTHOLD SAVINGS BANK,,a New York banking corporation, having its
principal place of business at 54375 Main Road, Southold, NY 11971
party of the first part, and
75 HIGHLAND ROAD CORP., a domestic corporation with principal place of
business oqppks La1JG (fit ValleaLOCI(11560, LOT
party of the second part, ' co L.Ij
1 f7 21 T as
2
WHEREAS, the party of the first part is the holder of the following mortgage and of the bond or note
secured thereby:
Mortgage dated the 28th day of June 19 77, made by 75 HIGHLAND ROAD CORP.
Ito SOUTHOLD SAVINGS BANK,
in the principal suin of S 100,000.00 and recorded in (Liber) (1C X X
7932 dtNEKSM of mortgages, page 292 in the office of the Clerk of the County
of Suffolk
covering certain lands and tenements, of which the lands hereinafter described are part, and
WHEREAS.._the -party of the: first_part�at tke,_request_of_the__party of_the second part, has agreed to
give up and surrender-the lands hereinafter described unto the party, of the second part, and to hold and
retain the residue of the mortgaged lands as security for the money remaining due on said
mortgage ,
NOW THIS INDENTURE WITNESSETHi that the party of the first part, in pursuance of said agree-
ment and in consideration of NINE THOUSAND and 00/100-------------------------------
------------------~-------- ($9,000,00-- ---- -----------------------Dollars,
lawful money of the United States,
paid by the party of the second part, does grant, release and quitclaim unto the party of the second part, all
that part of said mortgaged lands described as follows: _ �� �h£
tv 404.*
DISTRICT ALL that certain plot, piece or parcel of land, sCutate°;King_and being at
1000 Cutchogue, in the Town of Southold, County of •S�tfdl ` tEd ` of,.New York,
known and designated as lot number 6 on a- certai n"i i" c{ p of High—
SECTION land Estates" filed in the Suffolk County Clerk's Office on 4/26/77 as Map.
102.00 Number 6537.
BLOCK
08.00
LOT
403.000
S
TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and
roads abutting the above described premises to the center lines thereof and in and to any fixtures and articles
of personal property which are now contained in said premises and which may be covered by said mortgage.
TOGETHER with the hereditaments and appurtenances thereunto belonging, and all right, title and interest
of the party hof the first part, in and to the same, to the intent that the lands hereby released may be dis-
charged from said mortgage ,and that the rest of the lands in said
mortgage specified may remain mortgaged to the party of the first part as heretofore.
TO HAVE AND TO HOLDthe lands and premises hereby released and quitclaimed to the party of the
second part, and to the heirs, successors and assigns of the party of the second part forever, free, clear and
tt discharged of and from all lien and claim under and by virtue of said mortgage
aforesaid
IN WITNESS,WHF. the party of the first part has executed this release the day and r first above
written. � !r �� A1QIC
IN PRESENCE OF
1 BY
Riches d A. Winters
Vice President
ARTHUR J. EELICE
R R DED MAR 16 1951 Clerk of Suffolk County'