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Home My WebLink AboutL 8127 P 431 "M SolTF '�! L " �1J' N t i twl�k n� OnP CY . i97L4j � f ' THIS INDENTURE, made the St day of OAober " , nineteen 26 I: hundred and seventy-six. � �q • P ut�tiipa�r L � , R.F.D . No. 1 , North Franklin, jj BETWEEN BARBA�A R. �HILiP , o£/the Town of Franklin, County of I; New London, State of Connecticut (hereinafter sometimes called I AAver a , "Philipp" ) , party of the first, part, and JEANNE A. MAY,pdeley of / Irvington-on-Hudson, New York (hereinafter sometimes called E� "May") , party of the second part , ' WITNESSETH, that the party of the first part, in consideration of Ten and 00/100 ($10.00) dollars, lawful money of the united States , paid by the party of the second part, does hereby grant 5 and release unto the party of the second part, the heirs or a. successors and assigns of the party of the second part forever, !" ALL those certain plots , pieces or parcels of land, with the buildings and improvements thereon erected, situate, lying and being at Fishers Island, in the Town of Southold, County of Suffolk, State of New Yorks being bounded and described as follorP � C� TRACT NO. 1 C Beginning at ;a monument on the Northeasterly line of Reservoir Road, said monument being 694.45 feet North of a point i '\ ! which is 5599.97 feet West of another monument marking the United States Coast and Geodetic Survey Triangulation Station "PROS" and thence running along said road line South 59' 13' East 12.0 feet; thence North 540. 301 East 305. 70 feet to an iron pipe; thence North 26° 571 West 167. 70 feet to a fence corner; thence Southwesterly 117.10 feet; thence South 69° 571 West 117.50 feet! thence South 44' 141 West 133.80 feet to said Road line; thence along said Road line South 34' 521 East 66.10 feet; thence along said Road line South 46° 450 East 9.13 feet to the point of beginning. TRACT NO. 2 Beginning at a point on the Easterly line of Reservoir Road, said point being 7'96.04 feet Nonth- of a point which is 5688.12 feet West of said "PROS" monument and thence running along said Road line North 70 51f West 97.38 feet; thence along said Road Tina North 120 101 East 190.27 feet; thence Northwardly along said Road line following the arc of a curve to the left whose radius is 479.30 feet a distance of 97.35 feet; thence North wardly along said Road line following the arc of a curve to the right whose radius is 157.50 feet a distance of 52.48 feet to the center line of a right of way; thence along the center line of said right of way South 20' 441 East 289.03 feet to a monumani Ai- the Northerly corner of land of the Uni_tacl Stators of America +, known as the Watch Tower Site; thence South 69' 571 West 50.0 faet to a monument; thence South 20° 03' East 50.0 feet, these last two lines abutting Southeasterly and Northeasterly on said Watch Tower Site; thence South 44' 141 West 133 .80 feet to the point of beginning. The above described second tract is conveyed subject. to a right of way in favor of the United States of America over a strip of land 10 feet in width extending Southerly from Reservoir .; Road to said Watch Tower Site, the Easterly line of said 10 foot strip being the fifth described bound in the above described traci,. Together with the right to use in common with Race Point Corporation and others Winthrop Drive (50 feet in width) , Reservoir Road (50 feet in width) , 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 i public road and highway purposes and accepted by a Town or a Village for such purposes. OCT 22 1976 LESTER M. ALBERTSON RECORDED ua>icofsowoAmt, 13N �. Said premises contain 1 . 74 acres , more or less , and are shown on a plan entitled: "Plan of Property to be Conveyed by Race Point Corporation to Mrs . R. F. Philipp Fort Wright Area Fishers Island, N.Y. Scale: 1 " = 40 ft. Chandler & Palmer, Eng'rs . Sept. 1964" , a copy of which said plan was recorded with the deed to Barbara A. Philipp, November 30 , 1964. The premises hereby conveyed (herein sometimes referred to as the "Premises" ) are conveyed subject to: (a) The state of facts shown of the plan referred to above; (b) An easement for existing water pipes and sewer drains and pipes and the rights of third parties to use, maintain, irepair and replace said facilities ; (c) Agreements , covenants , conditions , restrictions , reservations and rights of way, if any, of record; (d) The Premises h ing 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 1 i (e) Rights of Race Point as hereinafter set forth: I May covenants and agrees with Race Point Corporation. that: 1 . (a) Prior to any transfer of the Premises or any portiot thereof by May for a consideration , she shall notify Race Point Corporation of her intention to do so , indentifying the proposed I , purchaser, specifying the terms and conditions of the transfer p and offering to convey the Premises or portion thereof to be sold to Race Point Corporation on the same terms and conditions. ! Within 30 days after receipt by Race Point Corporation of said notice , Race Point Corporation may elect to purchase the Premise: or portion thereof to be sold on said terms and conditions , and upon receipt of noticed such election, May shall convey the Premises or portion thereof to be sold to Race Point Corporation as hereinafter provided. If Race Point Corporation shall not elect so to purchase the Premises or portion thereof to be sold, May shall be free to convey the same to the same to the proposed J 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 May receive- noti,ge from, Race Point 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 i transfer by May without consideration, except that the purchase price at which Race Point Corporation may exercise' its option shall be an amount equal to the then fair market value of the Premises or portion thereof. r 2. Within 30 days after May has received notice that Race Point Corporation has exercised any of the foregoing options , I May shall deliver or cause to be delivered to Race Point Corporation a Bargain and Sale Deed, in recordable form and in all respects satisfactory to Race Point Corporation. Upon delivery of such Deed, May shall vacate and surrender possession of the Premises or portion thereof to Race Point Corporation. 3 . Any transfer or conveyance of the Premises or portion thereof by May in violation of the foregoing provisions shall be void. 4. The foregoing covenants and agreements shall run with the land, shall bind the heirs, distributees , personal representatives and assigns of May, and shall inure to the benefit of the successors and assigns of Race Point Corporation. Race Point Corporation 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 "May" when used in the foregoing paragraphs shall include the heirs, f distributees , persona]. representatives and assigns of May, y OCTP! 1976 LESTER M. ALBERTSO RECORDED CIO* cc..--j�(a Gwdy