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HomeMy WebLinkAboutL 11152 P 594 11152Pb5S4 ��� 3 r r d q%( Slandard N.Y.B.T.U. Form 8002-243—Bargain and Sale Deed with Covenant against Grantor's Acts—Individual or Corpo,atlon !fingle sheep CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. THIS INDENTURE,madAthe ic�, day of October nineteen hundred and ninety If t 165 BETWEEN WILL/IAM OtCONNOR & LOUIS P. PASTINA 310 Richmond Road RC�JF.;( Southold, New York 11971 � .�� . r party of the first part, and '71.65 ?% 'REAL l".STA(E THE DIME SAVINGS BANK OF NEW YORK, FSB OCT lA 1990 j�AEAB PLAZA TRAI!F_FF.R TAX f UNIONDALE, NEW YORK 11550 �,LIF(01 F DISTRICT �cH'1a�;T!0N'��� —�/BLOCK17— lr •_ �f'�iIIrIIt M.., .a...,� part d © WITNESSETH, that the party of the first part, in consideration of Ten Dollars and other valuable con- sideration paid by the party of the second part, dpes hereby`grant-ifid'Felease'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, situ- ate, lying and being in the Town of Southold, County of Suffolk and State of New York, bounded and described as follows: BEGINNING at a point on the westerly line of Richmond Drive 215 feet southerly from the corner formed by the intersection of the southerly side of C.R. 27 (North Road) and the westerly side of Richmond Drive; RUNNING THENCE south 18 degrees 18 minutes 30 seconds east, along the westerly side of Richmond Drive 119.53 feet; THENCE south 71 degrees 41 minutes 30 seconds west 156.67 feet; THENCE north 34 degrees 12 minutes 30 seconds west 124.18 feet; THENCE North 71 degrees 41 minutes 30 seconds east 190.72 feet to the westerly side of Richmond Drive, the point or place of BEGINNING. Q It being the intention of the parties that the aforesaid mortgage shall not merge into the fee interest conveyed hereby, but that such mortgage shall retain as a good and valid mortgage separate and apartfrom any other interest of the grantee in fee. This deed is an absolute conveyance of title in effect as well as form and is not intended as a mortgage, trust conveyance or security of any kind. The consideration therefore is the frill release of the grantor from all debts, bonds, notes, obligations, costs and charges heretofore subsisting on account and �t5 by acceptance of this deed the grantee automatically grants such release. (voo oSi oo � a `. TOGETHER with all right, title and interest, if any, of the party of the first part of, in and to any streets 81oatL and roads abutting the above-described premises to the center lines thereof; TOGETHER with the appur- tenances and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND 0&00 TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. AND the party of the first part covenants that the party of the first part has not done or suffered anything whereby the said premises have been encumbered in any way whatever, except as aforesaid. L� AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the party of the first part will receive the consideration for this conveyance and will hold the right to receive such con- sideration as a trust fund to be applied (first for the purpose of paying the cost of the improvement and will apply the same first to the payptent,of[he cost of the improvement before using any part of the total of the same for any other purpose.. ;• par h }be pytnstr ep,as ij it read "parties" whenever the sense of this indenture so requires. The.word p 1. �'} d� ' E V .IN WITNESS41161i REOFttbq�ji y,o�the first part has duly executed this deed the day and year first above RE CORD F0_ OCT 16 1990 t:iLIK F St�ROMAINE CSJPM ` - ,---, i