HomeMy WebLinkAboutL 7204 P 270 �?FR 7ly/]{0k o ms-5/17/72-3c
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Recorded on the day
.,Made the ",;2,,j0 day of Mayof .1. D., 19 at -
o'clock M. in liber
Xine.teen Hundred and Seventy-two of DEEDS at page =
and examined.
Eftwren
Clerk
FISHERS ISLAND DEVELOPMENT CORP. , successor in interest by i
merger with Race Point Corporation, a New York corporation with an
office at 48 Wall Street, New York, New York,
party of the first part, and
�XIO�ZO�rLF and RUTH FERGUSON WOOLFE, his wife, both
residfng a � men, outh Carolina, _
1
parties of the second part,
liilaesart4 that the party of the first part, in consideration of the sum of
ONE and 00/100 ---------------------------------Dollar ($ 1.00 ---)
lauvful money of the United States, and other valuable consideration
paid by t lie part of the seeond part, does hereby Brant and release unto the _
parties of the second part, their distributees and assigns forever, all
that certain tract or parcel of land with the buildings thereon
located at Fishers Island, Town of Southold, County of Suffolk and -
State of New York, being bounded and described as follows :
BEGINNING at a drill hole in the walk on the northwesterly -
line of Whistler Avenue, said point being located 223 .09 feet North
of a point which is 4538.64 feet West of a monument marking the -
United States Coast and Geodetic Survey Triangulation Station "PROS"
and thence running along said Avenue line North 67° 13 ' East 100.0
feet to an iron pipe; thence North 22° 47' West 161.55 feet to a -
monument; thence South 67° 13 ' West 100.0 feet; thence South 220 47'
East 161. 55 feet to the point of BEGINNING. i
Containing 0.37 acres , more or less .
1
c SUBJECT to a right of way for a service road crossing the above
rri described tract, said right of way being 15 feet in width, the center
C%l line being described as follows : -
t=� _ -
;� BEGINNING at a point on the northeasterly line of the above i
C1 described tract, said point being located 108 feet northwesterly
from the southeasterly corner of said tract and thence running South
67° 13 ' West 100. 0 feet.
ti SUBJECT also to a right of way for a water line crossing said
C_ tract adjacent to the northwesterly line thereof. _
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LIBER 7204 PAGE 271
h1DEK TO ])LLD Fh0;1 1. 1S1I1-1'1.0 1S1_t�ND
DL'VL••LOPNENT COI:P. '1'0 RAYMOND G. WOOLFE,
ET UX DATED THE Y,•Z— DAY
OF MAY, 197 2.
SUBJECT to Clic following conditions , restricCi.ons and =
■
covenants :
i
(1) The party of the second part covenants and agrees with j
the party of the first part that prior to any transfer of the
premises or any portion thereof by the party of the second part '
for a consideration, the party of the second part shall notify
the party of the first part of his intention to do so, identifyin-
the proposed purchaser, specifying the terms and conditions of
the transfer a;ui offering to convey the prea-,iisos or portion -
IIthereof to be sold to the party of the first part on the same
terms and conditions . ;
Within thirty (30) days after receipt- by the party of 1
the first part of said notice , the party of the first part 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 the party of the first part as =
hereinafter provided. If the party of the first part shall not
elect so to purchase the premises or portion thereof to be sold,
Y 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 ninety (90) days after the
earlier of (l.) the expiration of the above mentioned thirty (30)
day period or (2) the date the party of the second part receives =
F ilOtice from the party Of the first part that it does not elect =
to purchase the premi_ses 'or portion thereof to be sold.
(2) The provisions of paragraph (1) shall apply to any
transfer by the party of the second part without consideration,
except that the purchase price at which the party of the first
part may exercise its option shall be an amount equal to the then
fair market value of the premises or portion thereof.
(3) Within thirty (30) days after the party of the second
part has received notice that the party of the first part has
ty exercised the foregoing option, the party of the second part shall
j deliver or cause to be delivered to the party of the first port
a Bargain and Sale Deed, in recordable form and in all respects _
II
satisfactory to the art of the first art . Upon the delive. o;:
Y party P P �Y
rw� ! such Deed, the party of the second part shall vacate and surrender
�7 I possession of the premises or portion thereof to the party of rho 1
i
1 i fi.rZ,- part . The purchase price shall thereupon be paid . I
r (4) Any transfer or conveyance of the premises or portion
r� I thereof by the party of the second part in violation of the
Q1 foregoing provisions shall be void.
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LIBER 7204 PACE272PACE 2 TO 1:] ILLI: 'PO liLliD Fk01•( FISHERS
ISLAND- DLVL;.OI;IENT C01:1'. TO RAYMOND C.
WOOLFE, ET UX DATED '1'111, DAY
OF MAY 1972.
(5) The party of the second part accepts title to the
hereinabove described premises subject to all covenants , i
restrictions , obligations and reservations contained in
instruments recorded iii the office of the Clerk of the County
of Suffolk and, in particular, those contained in a certain
instrument recorded in the Suffolk County Clerk' s office in
Libcr. 4615 of conveyances , at page 253 . The party of the first
part is hereby relieved from any responsibility for either
the construction or maintenance of any sanitary sewer facilities
as may be required by said instrument (s ) . The party of the
second part does hereby assume any such obligation to' provide _
sanitary sewer facilities if required by any governmental
authority and both the Fishers Island Development Corp . and
the Race Point Corporation shall be held harmless by the party
of the second part from any such obligation or responsibility.
(6) The foregoing covenants and agreements shall run with
the land, shall bind the heirs , distributees , personal repre- -
sentatives and assigns of the party of the second part, and
shallinure to the benefit of the successors and assigns of the
party of the first part. The party of the first part shall have
• the same options to purchase the premises or any portion thereof
oagainst all subsequent owners of the premises , it being under-
rstood that the words "party of the first part" when used herein
Y shall include the heirs , distributees , personal representatives .
8 and assigns of the party of the first part.
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