HomeMy WebLinkAboutL 10097 P 236 J60 �> Sundud Y.B.I.U. Form 800E Bar nd 5,Ic Ueed.w,.h Co.uum+ +�mr Granmrl Ae"-Ind...dual ur Cur S,n la Shea ' t
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CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD RE USED BY LAWYERS ONLY.
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THIS INDENTURE, made the 21st day of July nineteen hundred and eighty—six
�40 BETWEEN BAYVIEW DEVELOPMENT CORP. , a New York Corporation with
t offices at 120 Mineola Boulevard, Mineola, New�YpSk 11501
BLOCK
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party of the first part, and 6
THE COVE PROPERTIES , a Joint Venture with an address
c/o JOSEPH FISCHETTI , JR. , (No Number) Hobart Road,
Southold, New York 11971
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party of the second part,
WITNESSETH, that the party of the first part, in consideration of ten dollars and other valuable consideration
paid by the party of the second part, does 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,
ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate,
lying and being in the Town of Southold, County of Suffolk, State of New
York more specifically described on Schedule "A" annexed hereto.
p Premises are the same as those described in Liber 9519 cp 275.
C) This conveyance is made in the regular course of business actually
conducted by the party of the first part and upon consent of 2/3
0 of its stockholders .
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Premises are not encumbered by a credit line mortgage.
Ln Premises are sold subject to an existing first mortgage held by
0 William Victoria and Regina G. Victoria, having a reduced principal
U balance of $24, 649. 95 and an existing second mortgage held by Reba
Securities, Inc. , having a reduced principal balance of $54, 850 . 40
and an existing third mortgage held by Robert J. Turner and William N.
Patterson, having a reduced principal balance of $601, 715. 18 .
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0 Premises are also sold subject to a purchase money fourth mortgage
w in the sum of $460 , 000. 00 . Said mortgage being executed simultaneously
Q herewith and used as a portion of the purchase price.
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TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and
Uroads abutting the above described premises to the center lines thereof; TOGETHER with the appurtenances
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and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND TO
F HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of
W the party of the second part forever.
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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.
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 consid-
eration 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 payment of the cost of the improvement before using any part of the total of the same for
any other purpose.
The word "party" shall be construed as if it read "parties" whenever the sense of this ind ure so requires.
IN WITNESS WHEREOF, the party of the first part has duly executed this deed the da and ye r first above
written. 1�JS
IN PRESENCE OF:
�e�gtovy BAYVIE T DEVELOPME C _
RFgC EST......• w BY
r; AUC qTF IU3 o JEF Y C LLI — President
t 8 196 JULIME A. KIN SELLA
�gNSF RECORDE{� nuc 8 1986 Clerk of Suffolk County
S(/F FR t
10097 N238
SCHEDULE A.— Description
nnE.14o. Topaz 4044 (85-8-03888)
ALL that certain plot, piece or parcel of land, situate, lying and being
at Bayview, in the Town of Southold, County of Suffolk and State of New
York, bounded a::d described as follows :
BEGINNING in the northwesterly corner thereof at a point in the southerly
side of Main Bayview Road, sometimes called North Bayview Road , distant
South 64 degrees 07 minutes 00 seconds East, ' as measured along the
southerly side of said road 12 feet from a monument set in the north-
westerly corner of land of Sophie Anderson;
RUNNING THENCE South 64 degrees 07 minutes 00 seconds East, along the
southerly side of said road 230 feet to the westerly line of other land of
William Victoria and Regina G. Victoria;
THENCE the following two courses and distances along last mentioned land,
to wit:
1. South 25 degrees 53 minutes 00 seconds West, 250 feet to a corner;
2. South 64 degrees 07 minutes 00 seconds East, 110 . 00 feet to the center
line a chan. al or boat basin leading southerly into Corey Cr .:ek;
THENCE along the center line of the channel of boat basin South 1 degree
00 minutes 00 seconds ?fest, 397 . 48 feet to the ..jean high water ,,ark of
Corey Creek;
THENCE the following sixteen tie line .courses and distances along said
high water mark of Corey Creek, to wit:
1. South 81 degrees 26 minutes 57 seconds West, 32. 32 feet;
2. South 82 degrees 22 minutes 50 seconds West, 23 . 62 feet;
3 . North 44 degrees 06 minutes 38 seconds west, 15 . 00 feet;
4. South 78 degrees 10 minutes 43 seconds Fest, 50. 71 feet;
5 . South 51 degrees 56 minutes 36 seconds West, 38 . 36 feet;
6. South 43 degrees 52 minutes 49 seconds West, 52 . 02 feet;
7 . South 41 degrees 02 minutes 16 seconds nest, 46. 49 feet;
8. South 46 degrees 15 minutes 48 seconds West, 63 .74 feet;
9 . South 40 degrees 10 minutes 52 seconds '.lest, 43 ..30 feet;
10. South 22 degrees 04 minutes 22 seconds W_�st, 42 . 37 feet;
C.E CRi;iPT43N
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RECORDO *G 8 1986 1f0 ETTE A. KINSELLty
(;lark of Suffolk Goun
10097 K239 ,CHEDIJI.E A - Description
::TSLNO. Topaz 4044
11. South 52 degrees 05 minutes 58 seconds West, 46 . 68 feet;
12 . South 74 degrees 43 minutes 12 seconds kest, 57 . 82 feet;
13. North 72 degrees 53 minutes 19 seconds Wes`, 81 . 51 feet;
14 . North 81 degrees 36 minutes 38 seconds West, 69 . 96 feet;
15 . North 72 degrees 38 minutes 34 seconds West, 73 . 83 feet;
16 . North 87 degrees 43 minutes 16 seconds West, 51 . 40 feet to the
easterly line of lands now or formerly of Budd B. Young;
'HENCE North 25 degrees 53 minutes 00 seconds East, along the easterly line
iof land last mentioned and lands now or formerly of Clements and Sreen;
.eing along the easterly line of right of way, 32 feet wide or the extension
Ln the straight line of said easterly line of said right of way, the distance
?f 1085 . 48 feet to the point or place of BEGINNING.
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RECORDED ,G 8 1986 JQLIME A. KINSELLA
Clerk of Suffolk County