HomeMy WebLinkAboutL 8336 P 13 Su dge J PAGE � 7.72-x—Bugaip and Sale Deed,with Covenant againu Gnntoicu
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CONSULT YOUR LAWYER DEVON SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD 6E USED BY LAWYERS ONLY.
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0 THIS INDENTURE,madatb'e 4st -daq of November , nineteen hundred and seventy-seven
04"
O BETWEEN_
,EFtBBLE BEACH REA,LTy� ;INC., a corporation organized under and existing
bar virtue of the business` lawof the State of New York, having its
principal office at 620 Hempstead Turnpike, Elmont, New York 11003
OSTRIGT---SECTION BLOCK LOT
QN OJ 'party'bf the first part, and 12 m
17 21 26
,1 INLAND HOMES PROFIT SHARING RETIREMENT PLAN, having its principal
�i office at 315 Westphalia Road, Mattituck, New York 11952
party of the second part,
W!TNESSE17•I,that the party of the first part,to consideration of Ten Dollars and other valuable consideration
paid by the party of the second part,does hereby grant and release unto the party of the second part, the hens
or successors and assigns of the party of the second part forever,
ALL that certain plot, piece or parcel of land, vritiv&alwildiergstam xEv situate.
lyingandbeiogjoltlllEt at East Marion, in the Town of Southold, County of
Suffolk and State of New York, known and designated as Lot No. 49 on a
certain map entitled, "Map of Pebble Beach FarmQ East Marion, Town of
Southold, Suffolk County, New York" , and filed in the Office of the
Clerk of the County of Suffolk on June 11, 1975 as Map No. 6266.
SUBJECT TO the provisions of a Declaration recorded in the Suffolk
County Clerk's Office on June 11, 1975 in Liber 7855 at page 09, as
amended by Liber 7914 page 40 and Liber 7969 page 272.
BEING AND INTENDED TO BE part of the same premises conveyed to the
grantor herein by deed dated 10/31/72 and recorded in the Suffolk Count;
Clerk's Office on 11/10/72 in Liber 7279 at page 489.
The developer shall retain the right, subject to approval of the Town
of Southold, to:
1. Maintain sales signs on the property, other than Lot No. 49.
2. Maintain sales office on the property, other than Lot No. 49.
3. The developer, its heirs or assigns, reserves the right to add
not more than thirty (30) lots on land directly East of the
subject property„ The owners of those lots to have the privilege
to use the streets and beach shown on the said map of Pebble Beach
Farms, providing pro rate contributions are made by such users for
the maintenance, up-keep and management of those facilities.
The rights enumerated in Items land 2 above shall automatically term-
inate at such time that the developer, its heirs or assigns, no longer
has any interest in the property shown on the said map.
This conveyanc@@ is ade it the regular cot�I'se of business actually
c�tqt1ctg by the party o the first part.
TOGETHER with a ngltt, ti a an0 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; TOGETHER with the appurtenances
and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND TO
HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of
the party of the second part forever.
\ AND the party of the first part covenants that the party of the first part has not done or suffered anything
whereby the said premises have been encumbered in any way whatever, except as aforesaid.
AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the party of
the first part will receive the consideration for this conveyance and will hold the right to receive such consid-
eration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply
the same first to the payment of the cost of the improvement before using any part of the total of the same for
any other purpose.
The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires.
IN WITNESS WHEREOF,the party of the first part has duly executed this deed the day and year first above
,l t wrl .` J
Vl Ia raasax oa !% PEBBLE BEACH REALTY, INC. , by:
11101
sf as' ac a er
Pr ident
--- - --- -- (ESTER M. ALBERTSON�
F °..
RECORDED Nov 2 1977 1 Oetk of Suffolk county ` 7