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Home My WebLink AboutL 7654 P 64 A Soag�ud N;Y,B.T,U.Fw,o Q467 f 9-66-20M-Bajain and Sale Deed,with Cov2'nanv agaid¢Granmr's Aaa—Individual ar Corporation. 4 QONSUIT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—TtliS'INSTRdm9kT SHOULD BE;LISED BY LAWYERS ONLY. r W, 97654 w64 ' THIS INDENTURE, made the C!J day of June nineteen hundred and severity-four i' BETWEEN JOHN S. GUEST, Trustee under Indenture of Trust dated January 1968, between SHELAGH J. MOORE (now Lady Shelagh aI. glmpbell) and JOHN S. GUEST, c/o Kuhn, Loeb & Co. , 40 Wall Street, New York, New York (hereinafter sometimes called "Seller") , ) ` party of the first part,and RUTH j, GRAND, Knollwood Drive, Greenwich, Connecticut (hereinafter sometimes called "Purchaser") f' LLEGII&LILTY 17 fparty,of the second part,. w,lTNES5iaZ•la'that the party of the first part, inconsideration of FORTY THOUSAND AND 00/100 ($40000) _ o 1.... , _--_..--�.-_-'.__•__••_—___._.._..._._.-•-_.--- dollars, r nIaWful money of the United States, .-_..________________________________ ___ Paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or rk l successors and assigns of the party of the second part forever, 'ALL that certainlot _ .�t�Fishers Is P . Piece or parcel of land, situate, lying and being land, Town of Southold, County of Suffolk and 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 62 degrees 21 minutes west 669.95 feet from a drill hole at `; the southwesterly line of Equestrian Avenue, said point also being 466.98 feet northraf 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 62 degrees 21 minutes west 186.59 feet; thence along said road line south 65 degrees 19 minutes west 13.43 feet; thence south 27 degrees 39 minutes east 184.49 feet; thence north 62 degrees 21 minutes east .. s 200.00 feet; thence north 27 degrees 39 minutes west 183.80 feet to the ,po,ant`'' of beginning; these last three lines abutting southwesterly, southeast Wl)'and northeasterly on remaining land now or formerly of Fishers Island Development Corporation (formerly,'?ace Point Corporation" and hereinafter sometimes called "Fidco`'), a New-,York corporation. TOGETHER with the right to use in common with Fidco and others Winthrop Drive, Equestrian Avenue and other private roads of Fidco 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. r C�tainlii��,-,:st=a e� less„ -and �betsg •-h-- ��same j premises , cribed on a survey (# B-534A) , dated Judy , 1964 , revised Julys 964, made by Chandler & Palmer, a col.y o` which survey is at rc4 d hereto and marked Scd. hcule: A. The premises hereby conve (heretofore and hereafter r,. referred to as the.. "Premises") are`cu;•Lyeyecl suNect tcs (a) The state of facts shown on Schedule : (b) Thd Premises being .used for single xam.iiy resic ial purposes only and no building, outbuilding or structure shal,,__be P:etel:3any t - LESTER IL ALBERTSON f our t, JUN 12 1974 _ q�rtc of Suf Folk tty F I , , µr wM'13 t�BER76 .PAGE ' �. ,� ,a s . . " , and pipes pnd the- nights of third parties to use, 'maintain, re air * and replace said? facilities; x, .. (d) r, Agreements, covenants, conditions, consents, res -ic- � tions, :reservations and rights of way, if any, of record; nd y (e) `` Rights of Fidco, as hereinafter set forth, wi respect to'which Purchaser covenants and agrees with Fidco tha L (a) ;; Prior to any transfer of the Premis s or any . . portion thereof by Purchaser for a consideration, i shall notify Fidco" of ;:its intention to do so, identifying the p oposed pur- chaser, specifying the terms- and conditions of th transfer and offering to 'convey the ,Premises or portion there f to be sold . ,to Fidco 'on the° same terms and conditions. wit in 30 days after receipt� by Fidco of said -notice, Fidco may ele t to purchase the Premises or• portion thereof to be sold on sai terms and condi- i tions, anc upon,•receipt of notice of such el ction, Purchaser f, shall convey. the Premises or portion thereo to be sold to Fidco A ? ashereinafter ;provided.. .' If Fidco shall n t elect so to purchase the Premises or portion thereof to be so Purchaser shall be free. to :eonveyrthe same to the proposed urchaser identified in r said notice on "the same terms and cond' ions specified therein, provided that such conveyance shall t e place within 90 days 4 after the earlier of s(1) the expirat' n of the above-mentioned 30-day period or (2);'the date` Purch er receives notice from Fidco that it does- not elect, to pu hase the Premises or portion thereof,to be ;sold. , (b) The� provisio sof paragraph (a) shall apply toiany transfer by Purchaser. w' hout consideration, except that t the purchase price at which F'dco may exercise its option shall da be an amount 'equal to ;the th fair market value of the Premises °cr portion thereof. ` 2. Within 30 d ys after Purchaser has received notice ._-that ,Fidco, has exercised any .of the foregoing options, Purchaser a. i shall deriver or""• cause, o be.' derivered to Fidco a Bargain and F. Sale Deed in ,recordabl form and in all respects satisfactory to Mf ' Fidco.-a. ,Upon the ,deli ery of such Deed, Purchaser shall vacate and surrender posses ion of the Premises or portion thereof to Fidco 3.' •Any transfer or conveyance of the Premises or ' portion'"thereof ycPurchaser in violation of the foregoing Y provisions sha be void. 9. The foregoing covenants and agreements shall run with the la , shall,bind the heirs, distributees, personal ' representat ves-'and assigns of Purchaser, and shall inure to - the benef of 'the "successors and assignes of Fidco. Fidco � fshah ha ' the same 'o tions to p purchase the Premises or any portion hereof ''ag'' nst all subsequent owners of the premises: 4,• ;it:bei g understood that ,the word "Purchaser" when used in the ,r foreg ng, paragraphs shall include the heirs, distributees, 'Y. pers al. representatives and assigns of Purchaser. ' The Premises conveyed here are the same Premises conveyed ; t Shelagh Jw Moore byideed dated September 22, 1964 and recorded . F,e r� w k� .l ' !4 , t 4 fig LBERTSON (ESTER ill, A G6rfc of Sv}fobc CovntY } QRDEb Ju" 12 1974 r t �' .. .. . •, -! .x',k�..�,•.a, ex wti. ,.dYrn� �F �:� �� i.nrt,. --- -