HomeMy WebLinkAboutL 11654 P 613 THIS ENVIRONMENTAL INSPECTION EASEMENT ( "Easement" ) is made as of
the 16th day of November, 1993 by CROSS SOUND FERRY SERVICES INC.*
(hereafter, the "Borrower" ) in favor o
BANK (hereafter, the "Lender" ) .No# Main St. , Bridgehampton, N.Y. 11932
*Two Ferry Street, New London, Connecticut 06320-0033
Recitals
a. "The Borrower is the owner of an improved fee simple parcel of
real property, more particularly described on Exhibit A, attached
hereto and made a part hereof (hereafter, the "Real Property" ) .
b. At. the Borrower's request, the Lender has agreed to extend
certain credit accommodations to the Borrower (hereafter, the
"Loan" ) , secured by a mortgage/deed of trust on the Real Property.
C. The Lender is unwilling to extend the Loan to the Borrower
unless it has an absolute right, at any time and from,time to time,
to enter the Real Property for purposes of conducting inspections
and tests to determine if the ownership, use, and operation of the
Real Property are in compliance with all applicable environmental
laws.
d. The Borrower is willing to grant the Lender an irrevocable
easement to permit the Lender to enter upon the Real Property for
such inspection and testing so as to obtain the Loan.
NOW THEREFORE, in consideration of these premises, the terms and
conditions set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows.
1. Grant of Easement. The Borrower hereby grants and conveys to
the Lender an easement to enter on and upon the Real Property at
any time and from time to time for the purpose of making such audit
test, inspections, and examinations, including subsurface
exploration and testing, as the Lender, in its discretion, deems
necessary, convenient, or proper to determine whether the
ownership, use, and operation of the Real Property and the conduct
of the activities engaged in thereon are in compliance with
federal, state, and local environmental laws, rules, and
regulations. The Lender, or its designated agents, -shall have the
right to inspect and copy all of the Borrower's records relating to
environmental matters and to enter all buildings or facilities of
the Borrower for such purpose. In confirmation of the Lender's
right to inspect and copy all to the Borrower's records relating to
environmental matters and to secure the Borrower's obligations to
the Lender in connection with the Loan, and under this
Environmental Inspection Easement, the Borrower hereby grants to
the Lender a continuing security interest in and to all of the
Borrower's existing and future records with respect to
environmental matters, whether or not located at the Real Property
EXHIBIT A
ALL that certain plot, piece, or parcel of land, situate,
lying, and being in the Town of Southold, County of Suffolk, and
State of New York, being bounded and described as follows:
BEGINNING at a point on the southerly side of Main Road (NYS
25) of the northwest corner of land now or formerly of Cross Sound
Ferry Services, Inc; said point or place of beginning being also
distant 21.62 feet westerly as measured along the southerly side of
Main Road (NYS 25) from its intersection with the southwesterly
side of land of New York State; and from said point or place of
beginning along land now or formerly of Cross Sound Ferry Services,
Inc. South 21 degrees 07 minutes 20 seconds East 592.00 feet to the
mean high water mark of Gardiners Bay;
THENCE along the mean high water mark of Gardiners Bay along
a tie line South 69 degrees 07 minutes 00 seconds West 121.67 feet
to land now or formerly of U. S. Department of Agriculture;
THENCE along land now or formerly of U. S. Department of
Agriculture North 16 degrees 15 minutes 30 seconds West 603.00 feet
to the southerly side of Main Road (NYS 25) ; and
THENCE along the southerly side of Main Road (NYS 25) North 76
degrees 25 minutes 10 seconds East 71. 16 feet to land now or
formerly of Cross Sound Ferry Services Inc. , at the point or place
of BEGINNING.
BOXES45 THRU 9 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO RECORDING OR FILING.
1 I SUFFOLK COUNTY CLERK 2 g
13089
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Number of pagev
T REAL ESTATE o 0 0
Serial# DEC 6 1993 �T
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TRAM FER TAXr"
'p-
Certificate# SUFFOLK
COUNTY
Prior Cfffi
Deed/Mortgage Instrument Deed/Mortgage Tax Stamp Recording/Filing Stamps
4 FEES
Page/Filing Fee n Mortgage Amt.
Handling !(/(/ 1.Basic Tai
TP-584 2.SONYMA
Notation / Sub Total _
EA-5217(County) �_ Sub Total ,1�C7 3.Spec./Add.
EA-5217(State) �l TOT.MTG.TAX _
R.P.T.S.A. , �`p Dual Town_Dual County
Held for Apportionment
Comm.of Ed.
Affidavit ��j ?�� Transfer Tax
Mansion Tax _
Certified Copy The property covered by this mortgage
is or will be improved by a one or two
Reg. Copy _ Sub Total cwt! 60 family dwelling only.
n YES or NO—
Other GRAND TOTAL t�tJ H NO,see appropriate tax clause on
Page# of this instrument.
Real Property Tax Service Agency Verification b
Title Company Information
Dist Section Block Lot
1000 015.000 09.00 wD,QDp
Stam Chicago Title Insurance Co
Company Name
9308-04653 '
Title Number
FEE PAID BY:
Cash—Check XX Chargc Osborne & McGowan, P.C.
John T. McGowan, Esq.
Payer same as R&R_ P.O. Box 5011
OR: Chicago Title Insurance Co. East Hampton, N.Y. 11937
g RECORD & RETURN TO
IADDEESqJ
T7f'7f' lk County Recording & Endorsement Page
This page forms part of the attached Environmental Easement made by:
(Deed, Mortgage, etc.)
Cross Sound Ferry Services Inc. The premises herein is situated in
SUFFOLK COUNTY, NEW YORK.
TO In the TOWN of Southold
The Bridgehampton National Bank
In the VILLAGE
Or;IL Orient
Arnommn DEC 6 1993
EDWARD P.FFOI OW
PlCltlft]FSIIFFOI.It000NTY 12A�oa..sia?