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HomeMy WebLinkAboutL 6752 P 5 SwNdard N.i kT U For.8006•11.684M—Barg4in and Sale Deed,without Covenant against Gnntgr'i�en-1ndMdual oa Cerp/�i�A PACE Oar y.1�, \\ LIBERTIIIt!!! 111/V^(%V f It 5 "�` CONSULT YOUR LAWYER BEFORE SIGNING THISr4NSWWMENT^'CHIS INSTRUMENT SHOULD BE USED.BY LAWYER;ONLY, Considers tion less than 100 THIS INDENTURE, made the 20th day of May nineteen hundred and seventy BETWEEN SHELAGH .J. CAMPBELL (formerly Shelagh J. Moore , Nassau, Bahamas (hereinafter sometimes called 'Seller" ), Prospect Ridge Road, Nassau, Bahamas, I _ party of the first part, and JOHN S. GUEST, AS TRUSTEE, UNDER INDENTURE OF - TRUST, DATED JANUARY 19, 1968, BETWEEN SHELAGH J. MOORE AND JOHN S . GUEST (hereinafter sometimes called "Purchaser'.'), 40 Wall Street, New-York,, N.Y. .,, 4 party of the second part, R' WITNESSETH, that the party of the first part, in consideration of No - - - - - - - - - - - - - - - - ^ - - - - - -dollars, lawful money of the United States, to her — — - - — — -- — - — — —paid : by the patty 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, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, 'situate, lying and being ixAt [ at Fishers Island., Town of Southold, County of Suffolk., State of New York, being bounded and described as follows : Beginning at a point on the Southeasterly line of Winthrop Drive, said point being South 620 21 ' West 669.95 feet from a drill hole at the Southwesterly line of Equestrian Avenue, said point also being 466.98 feet North of a point which is 5046,28 feet West of a monument marking the United States Coast and Geodetic Survey Triangulation Station "PROS" and thence running along said road line South 620 211 West 186 ,59 feet; thence along said road line South 650 191 West 13.43 'feet; thence South 270 391 East 184.49 feet; thence North 620 211 East 200.,00 feet; then North 270 39 ' West 183.80 feet to the point of beginning, these last three lines abutting Southwesterly, Southeasterly and Northeasterly on remaining land now or formerly of Race Point . Corporation, a New York corporation, having an office at 48 Wall Street, New York, New York, (hereinafter sometimes called "RPC" ) . Together with the right to use in common with RPC and others Winthrop Drive, Equestrian Avenue and other private " roads pf RPC 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. Containing 0.85 acres, more or less, and being the same premises described on a survey (# B-534A) , dated July, 1964,, -revised July 23, 1964, made by Chandler & Palmer, a copy of which survey is .attached hereto and marked Schedule A. .. The premises hereby conveyed (heretofore and, hereafter referred to as the "Premises " ) are conveyed subject to: (a) The state of facts shown -on Schedule A; LIBER6752 PAGE 06 (b) 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; (c) The easement for existing water pipes and sewer drains and pipes and the rights of third parties to use, maintain, repair and replace said facilities; (d.) Agreements, covenants, conditions, consents., restrictions, reservations and rights of way, if any, of record; and. (e) Rights of Race Point Corporation, as herein, after set forth. Purchaser covenants and. agrees with RPC that: 1 (a) Prior to any transfer of the Premises or any portIon thereof by Purchaser for a consideration, it shall notify RPC" of its 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 RPC on the same terms and conditions. Within 30 days after receipt by RPC of said, notice, RPC 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, Purchaser shall convey the Premises or portion thereof to be sold to RPC as hereinafter provided. 1f RPC shall not elect so to purchase the Premises or portion thereof to be sold., Purchaser 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 Purchaser receives notice from RPC 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 Purchaser without consideration, except that the purchase price at which RPC may exercise its option shall be an amount equal to the then fair market value of the Premises or portion thereof. 2. Within 30 days after Purchaser has received notice that RPC has exercised any of the foregoing options., Purchaser shall deliver or cause to be delivered to RPC a Bargain and. Sale Deed in recordable form and in all respects satisfactory to RPC. Upon the - delivery of such Deed, Purchaser shall vacate and surrender possession of the Premises or portion' thereof to RPC. 3. Any transfer or conveyance of the Premises or portion thereof by Purchaser in violation of the foregoing provisions shallbe void. 4. The foregoing covenants and agreements shall, run with the land, shall bind the heirs, distributees, personal representatives and assigns of Purchaser, and shall inure to tMe benefit of the successors and assigns of RPC. RPC shall have the same options to purchase the Premises or any portion thereof against all subsequent owners of the Premises, it being understood that the word ' Purchaser" when used in. the foregoing paragraphs shall include the heirs, distributees, personal representatives and assigns of Purchaser. The Premises conveyed here :are the same Premises conveyed to Shelagh J. Moore by deed dated September 22, 1964 and recorded in the land recordp of County of Suffolk at liber 5622, page 593.