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HomeMy WebLinkAboutL 8628 P 205 LIBER6St5n215rd13�'^. 5orm 8002` ]ll 70M_Bargain and sale Deed. with Covenant against Grantor i Acts—Individual or Corporation.(single sheec) CONSULT YOUR LAWYER II��BEFORE:,SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE'USED BY LAWYERS ONLY. N.Y. S. Transfer Y! 1eceSF D Pee �ul>11S,y Tax THIS IlYI?ENT URE,made the 9th day of May nineteen hundred and seventy-nine $27. 50 BETWEEN GILBERT SHEFFIELD and FRANCES SHEFFIELD; his wife, residing at 6825 Horton' s Lane, Southold, New York DISMCT SECTION BLOCK LOT EEO 711 1 a® Z> 26 1000 paw of the first part, and 8 FRANCES 1HEFFIELD, residing at 6825 Horton' s Lane, Dist. Southold, New York 54610 Sec. 0790 party of the second part, Blk. W1717NESSETH,that the party of the first part,in consideration of Ten Dollars and other valuable consideration l. Sfl© paid by the party of the second part, does hereby grant and release unto the party of the second part,the heirs d or successors and assigns of the party of the second part forever, Lot / ALL that certain lot piece or parcel of land with the buildings and improvements thereon erect / P . Pt P .a S P ed, situate, 41 lying and beingtiH at Southold, in the Town of Southold, County of Suffolk and S`ta�e -of New York, more part-kcularly bounded-and- described as follows: BEGINNING at a point on the southwesterly side of Horton ' s Lane distant southeasterly 400. 88 feet from the corner formed by the inter- section of the southwesterly side of Horton' s Lane with the south— easterly side of Sound View Avenue; running thence South 47° 48 ' 00" East along the southwesterly side of Horton' s Lane 150.00 feet; running thence South 480 53 ' 40" West 270. 00 feet; running thence North 471 4'8 ' 00" West 150.00 feet; running thence North 48° 53 ' 40" East 270 . 00 feet to the point or place of BEGINNING. BEING AND INTENDED TO BE the 'same premises as conveyed to the party of the first part by deed dated September 15, 1976 and recorded in the Suffolk County Clerk' s office on September 17, 1976 in Liber 0.0 8107 Page 136. C go The conveyance hereunder is subject to a certain mortgage executed by Gilbert Sheffield and Frances Sheffield, as mortgagors to SoutholdSavings Bank, as mortgagee, which mortgage is dated November 19 , 1976 in the amount of $30, 000. 00 and recorded in the Suffolk County Clerk' s office on November 26 , 1976 in Liber 7769 of mortgages at Page 124 and on which mortgage there is now due and owing the principal sum of $29 , 417. 00 and interest at the rate of 8 1/2% from May 6, 1979 and that the party of the second part hereby assumes and covenants to pay such mortgage with interest as part of the consideration for this conveyance. TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and roads abutting the above described premises to the center lines thereof; TOGETHER with the appurtenances and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND TO HOLD the premises herein grantedunto the party of the second part, the heirs or successors and assigns of the party of the second part forever. AND theparty of the first part covenants that the party of the first part bas not done or suffered anything whereby the said premises have been encumbered in any way whatever, except as aforesaid. y 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 he construed as if it read "parties" whenever the sense of this indenture so requires. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. IN PRFCENCE OF: F '_ �( +_� Itis;f. aTAT� 1 MAY 2 11979 4Gilbert Sh field � 321 ' TRA.t�'S FE'R TAX � SUFFOLK ARTHUR 1. FELICE RECORDED MAY 21 1979 C M* of Suffolk Cott"