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HomeMy WebLinkAboutL 8335 P 332 le—IBER8335 PAGE 332 1 I `51andard N.Y.B.T.U. Form 800]-2.73—Bargain and Sale Dead with Covenant against Granlor's Acts—Individual or Corporation.(single sheef) S CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. r r THLSINDENTURE,made the 20th dayof October, nineteen hundred and seventy-seven BETWEEN LAWRENCE PAFUMI and CARINDA PAFUMI , his wife, both residing at , (Eta Parline New Jersey 00 party of the first part, and PEBBLE BEACH REALTY, INC. , a domestic corporation, 00 having its principal office It 620 Hempstead Turnpike , Elmont , New York DISTRICT SECTION BLOCK LOT a =71 ® m ® CM �. 12—� party of the second part e , WITNESSETH, that the party of the fust part, in consideration of Ten Dollars and other valuable_con- sideration paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, O ALL that certain plot, piece or parcel of land, sita- ate,lying and beingjBBtft at East Marion, in the Town of Southold, County of Suffolk and State of New York, kntabtn and—designated as Lot No. 1,26 on a certain map entitled, "Map of Pebble Beach Farms , East Marion, Town of Southold, Suffolk County, New York" , and filed in the Offite ' of the Clerk •of the County of Suffolk on June 11, 1975 as Map No. 6266. b Subject to an existing first mortgage held by PEBBLE BEACH REALTY, INC. , the party of the second part herein, bearing date September 17 , 1976 made by LAWRENCE PAFUMI and CARINDA PAFUMI , his wife , the parties of the first part to PEBBLE BEACH REALTY , INC. , in the sum of $28,200. 00 reduced to the sum of $'269328.55 and accrued interest , recorded in the office of the Clerk of the County of Suffolk on September 27, 1976 in vol. 7719 of mortgages , page 74. IT IS DISTINCTLY UNDERSTOOD AND AGREED THAT THERE IS NO INTENTION TO AND THERE SHALL ` i � BE NO MERGER OF THE AFORESAID MORTGAGE HELD BY PEBBLE BEACH REALTY, INC. , 0 AND THE FEE TITLE TO THE MORTGAGED PREMISES OWNED BY. PEBBLE BEACH REALTY, INC. 3691 N0 REAL ,- o NOV i lon TRANSFER UVC SUFFOLK COUNTY TOGETHER with all right, title and interest, if any, of the party of the first part of, in and to any streeta and roads abutting the above-described premises to the center lines thereof: TOGETHER'with the appur- tenances 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 fust part has not done or suffered anything whereby the said premises have been encumbered in any way whatever,except as aforesaid. AND the patty of the first part, in compliance with Section 13 of the Lien Law, covenants that the parry of the first part will receive the consideration for this conveyance and will hold the right to,receive such oon- sideration as a trust fund to be applied fust 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 fnli written. IN PRESENCE OF: , Q WRENCE sec? RECORDED NOV i 1917 LESTER M. ALBERTSON M Clark of Suffolk County