HomeMy WebLinkAboutL 7042 P 372 I� Standard rN�.Y.B.T,IIJ,Form 8e0�06.10-70-SM—Bargain and Sale Deed,without Covenant against Grantor's Arcs—Individual or Corporation.
LIBER 1042 PAGE 374
CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY kAWIiERS ONLY.
r�
THIS INDENTURE, made the day of October , nineteen hundred and seventy-one
BETWEEN EMILY P. RIDGWAY, residing at 250 Hartshorn Drive, Short
Hills, New Jersey,
a
(no street address)
party of the first part, and EMILY R. CRISP, residing at Horseshoe Road,/Mill
Neck, Long Island, New York,
r — 1 STATE Of
pC,.u^NEW YORKOur *
z' ti I si,jt S t i
34. 65
party df the second part,
1 WITNESSETH, that the party of the first part, in consideration of Ten Dollars ($10. )
G„
R' lawful money of the United States,and other good and valuable consideration, paid
Y' by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or
'i successors and assigns of the party of the second part forever,
ALLthat certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate,
C
lying-and beingg+bixx at Fishers Island, in the Town of Southold, County of
- Suffolk, State of New York being bounded and described as follows :
r
BEGINNING at a drill hole in the walk on the Southeasterly line of
Winthrop Drive, said drill hole being South 62° 211 West 524.65 feet
from the Southwesterly line of Equestrian Avenue, said drill hole also ,
being 534.41 feet North of a point which is 4917.57 feet West of a
rM
monument marking the United States Coast and Geodetic Survey
CTriangulation Station "PROS" and thence running along said Winthrop
Driveline South 62° 21' West 72 .60 feet to a drill hole; thence
Q South 27° 391 East 183.80 feet; thence North 62° 21' East 72 .60 feet;
rrl thence North 27° 39 ' West 183.80 feet to the point of beginning.
O
Containing 0.30 acres more or less.
BEING part of the premises conveyed to the party of the first part by
z Race Point Corporation by deed dated December 23, 1964 and recorded
on January 7, 1965 in the office of the Clerk of Suffolk County in
liber 5681 at page 223 and is designated as Tract No. 1 in said deed.
zs Together with the right to use in common with Race Point and others
— Winthrop Drive (50 feet in width) , Reservoir Road (50 feet in width) ,
3 Equestrian Avenue and other private roads of Race Point for ingress
to and egress from the premises until such time as such private roads
are dedicated to public road and highway purposes and accepted by a
Town or Village for such purposes; and being part of the same premises
L) rn described on a survey dated September, 1964 made by Chandler & Palmer,
IF Engineers , a copy of which survey is attached hereto and marked
$ jO Schedule "A"
o D SUBJECT to: (a) The state of facts shown on Schedule "A";
n
(b) An easement for existing water pipes and sewer
00 drains and pipes and the rights of third parties to use,
ZI maintain, repair and replace said facilities ;
(c) Agreements , covenants , conditions , resRAetY 2 !ACfJ73
reservations and rights of way, if any, of record;
(d) The premises being used for single family residential
purposes only and no building, outbuilding or structure shall
be erected,'within five (5) feet of any boundary thereof; and
(e) Rights of Race Point as hereinafter set forth.
The party of the second part covenants and agrees with Race Point [now
known as "Fishers Island Development Corporation"] that:
1. (a) Prior to any transfer of the premises or any portion thereof
by the party of the second part for a consideration, she shall notify
Fishers Island Development Corporation of her intention to do so,
identifying the proposed purchaser, specifying the terms and conditions
of the transfer and offering to convey the premises or portion thereof to
be sold to Fishers Island Development Corporation on the same terms and
conditions. Within 30 days after receipt by Fishers Island Development
Corporation of said notice, Fishers Island Development Corporation may
elect to purchase the premises or portion thereof to be sold on said
terms and conditions, and upon 'receipt of notice of such election, the
party of the second part shall convey the premises or portion thereof to
be sold to Fishers Island Development Corporation as hereinafter provided
If Fishers Island Development Corporation shall not elect so to purchase
'! the premises or portion thereof to be sold, the party of the second part
shall be free to convey the same to the proposed purchaser identified in
said notice on the same terms and conditions specified therein, provided
that such conveyance shall take place within 90 days after the earlier of
(1) the expiration of the above-mentioned 30 day period or (2) the date
the' party of the second part receives notice from Fishers Island Develop-
ment Corporation that it does not elect to purchase the premises or
portion thereof to be sold.
(b) The provisions of paragraph (a) shall apply to any transfer by
the party of the second part without consideration, except that the
purchase price at which Fishers Island Development Corporation may
exercise its option shall be an amount equal to the then fair market
value of the premises or portion thereof.
P
2 . Within 30 days after the party of the second part has received
notices that Fishers Island Development Corporation has exercised any of
�.• h. the foregoing options, the party of the second part shall deliver or
rM cause to be delivered to Fishers Island Development Corporation a Bargain
n and Sale Deed, in recordable form and in all respects satisfactory to
CD
Fishers Island Development Corporation. Upon delivery of such deed, the
party of the second part shall vacate and surrender possession of the
rn premises or portion thereof to Fishers Island Development Corporation.
v I
3. Any transfer or conveyance of the premises or portion thereof by
the party of the second part in violation of the foregoing provisions
shall be void.
4. The foregoing covenants and agreements shall run with the land,
hall bind the heirs, distributees , personal representatives and assigns
f the party of the second part, and shall inure to the benefit of the
uccessors and assigns of Fishers Island Development Corporation.
=J fishers Island Development Corporation shall have the same options to
urchase the premises or any portion thereof against all subsequent
wners of the premises, it being understood that the words "party of
he second part" when used in the foregoing paragraphs shall include
he heirs , distributees, personal representatives and assigns of the
n N arty of the second part.
m
0 7O
SDI
O roe
n �
40