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HomeMy WebLinkAboutL 5676 P 380 5randard N.Y.9.T Porm loo' •14'IH—Bargain and"a nrtd..'irl,am Cwenanr aPain rr Gea nrnri 11 C11M11in1 ocotiI RT YOM YY/Y�S']k Stmn SIMM MIS M TwMeIn—THIS MSTY Mre Mo "so usm BY IGWa'ek5 ONLY. 1 , "Iflio5676 PA(i SO U S.I.R.S. THIS BVDFIYIVNE,made the /p day of December ,nineteen hundred and sixty-four BETWEEN RACE POINT CORPORATION, a Ile,, York corporation, hnvine an 4' office at 1 Chase Ulanhattan Plaza, New York, New York 10005 (hereinafter sometimes called "Race Point"), G ' V h t-: party of the first party and CA�Ip�J. ID nd PLOHfl 'f. .SCiDlID, his wife, residing at ';ew York, New York (herein- after sometimes collectively called "Schmid"), party of the second part, WITNESSETH,that the party of the first part,in consideration of 'Pen and oo/100 (E10.00) ------------___--------------------------------------dollars, lawful money of the United States,------------------------------------------paid by the party of the second part,dues 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, those ALL ftkerr ain plotppiectsor pamelSof land,with the buildings and improvements thereon erected, situate, lying and heingAaele at Fishers Island, in the Town of Southold, County of Suffolk, State of :Jew York, being bounded and descrioea as follows: Tract No. 1 -�� Beginning at a drill hole in the walk on the Southeasterly line of Winthrop Drive, said drill hole being South b"2o 21' West 354.50 feet from the Southwesterly line of Equestrian Avenue, sail _ arill Pole also being 613.37 feet North of a point which is 47bb.8'r "feet West of a monument marking the United States Coast and Geodetic Survey Triangulation Station "PHOS" and thence runnin� alone said p)®[v Winthrop Drive line South 620 21' West 92.65 feet to a drill hole; thence South 270 39' East 183.80 feet; thence north 620 21' 'last 80.20 feet toa monument; thence North 230 46' '.lest 184.30 feet to the point of beginning. easA Containing 0.3o acres more or less. Tract No. 2 Beginning at a drill hole in the wala on the Southeasterly - _ line of Winthrop Drive, said drill hole being; South 620 21' -::est --- --- 447.15 feet from the Southwesterly lineofEquestrian Avenue, said drill hole also being 570.37 feet :forth of a point which is 4848.92 feet West of said "PROS" monument and thence running South 270 39' East 183.80 feet; thence South 620 21' 'West 77.50 feet; thence North 270 39' West 183.80 feet; thence along; said Winthrop Drive line North 620 21' East 77.50 feet to the point of beginning. Containing 0.33 acres more or less. uwk5676 PAGE381 Tract No. 3 Beginning at a point on the Northwesterly line of Winthrop Drive, said point being South b20 21' West 347.23 feet from the Southwesterly line of Equestrian Avenue said point also being 640.85 feet North of a point which is 4822.12 feet West of said "PROS" mgnument and thence running along said Winthrop Drive line South 62 21' West 11.45 feet; thence North 270 39' West 201.70 feet; thence North 62 - 26' East 119.45 feet; thence South 27.0 391 East 201.60 feet to the point of beginning. Containing 0.55 acres more or less. Tract No. 4 Beginning at a point on the Northwesterly line of Winthrop Drive, said point being South 620 21' West 466.68 feet from the Southwesterly line of Equestrian Avenue., said point also being 585.42 feet North of a point which is 4927.$3 feet West of said PROS" monument and thence running,, North 27 39t West 201.70 feet; thence South 620 26' West 109.20 feet; thence South 270 39' East 201.8 feet to a monument; thence along said Winthrop Drive line North 620 21' East 109.20 feet to the point of beginning. Containing 0.50 acres more or less. Being the same premises described on a survey, dated August 1964, made by Chandler & Palmer, a copy of which survey is attached hereto and marked Schedule A. 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), Equestrian Avenue and other private roads of Pace Point for ingress to and egress from the Premises (hereinafter defined) until such time as such private roads are dedicated to public road an, highway purposes and accepted by a Town or Village for such purposes. The Premises (herein sometimes referred to as the "Premises") are conveyed subject to: (a) The state of facts shown on Schedule A; (b) An easement for existing water olpes and sewer drains and pipes and the rights of third parties to use, maintain, repair and replace said facilities; (c) Agreements, covenants, conditions, restrictions, 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 (' ) feet of any boundary thereof; and (e) Rights of Race Point as hereinafter set forth. Schmid covenants and agrees with Race Point that: 1. (a) Prior to any transfer of the Premises or any portion thereof by Schmid for a consideration, he shall notify Race Point of his intention to dose, identifying the proposed purchaser, specifying the terms and donditions of the transfer and offering to convey the Premises or portion thereof to be sold to Race Point on the same terms and conditions. Within 30 days after receipt by Race Point of said notice, Race Point 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, Schmid shall convey the Prem- ises or portion thereof to be sold to Pace Point as hereinafter provided. If Race Point shall not elect so to purchase the Premises or portion thereof to be sold, Schmid 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 expira- tion of the above-mentioned 30-day period or (2) the date Schmid receives notice from Race Point that it does not elect to purchase the Premises or portion thereof to be sold.