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HomeMy WebLinkAboutL 7916 P 563 V .-* _ _ .ME IIIIRF� dua!,� Srandud N.l B.T U.Fom�SJ01+)-?5-TOM-Barg d S de Deet.w46 .mmv.� agm. C�nu ,r,Am-(udryec Cnrroronon,(Smgk AM) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD RE USED RY LAWYERS OMILY. i;- A .3 THIS INDENTURE,made the /� day of September . nineteen hundred and Seventy—five, 1 BETWEEN ALBERT LIPP and RUTH D. LIPP, his wife, both residing at M-2668 134E Zoranne Drive, Farmingdale, New York 11735, party of the first part, and WILLIAM MARIN, JR, and JANET E. MARIN, his vv !� tS R wife, as tenants by the entirety, both residing at 865�Broadway Avenue, Holbrook, New York 11741, 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 heir.; or successors and assigns of the party of the second part forever, FQ ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lyingandbeing*xft at Bayview, near Southold, in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot No. NINETEEN (19) on a certain map entitled, "Subdivision Map of Bayview Woods Estates" and filed in the Suffolk County Clerk' s Office on September 9, 1970 as Map No. 5520 (Abstract No. 6669) . IN- 3 SUBJECT to Zoning Ordinances of the Town of Southold. SUBJECT to the covenants and agreements set forth in a certain Declaration dated June 29, 1970 and recorded in Liber 6776 cp 194. This conveyance is subject to a first mortgage in the amount of $7,000.00 now reduced to $3,500.00, together with interest at 7 1/2`/, per annum, the payment of which mortgage is hereby assumed by the parties of the second part, and the parties of the second part have executed and acknowledged this instrument for the sole purpose of evidencing their assumption of and agreement to pay the unpaid balance of the principal sum of said mortgage and interest. REAL ESTATESTATE-OF; Me TRANSFER TAXi NEWbRK,' A �o �+ dept.of Taxotion sev2o•ts Q B. z 5;nk 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 tines 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 granted unto the party of the second part, the heirs or successors and assigns of i the party of the second part forever. AND the party of the first pant 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 indenture so requires. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. i IN PPMENCE OF: � J G�cat / 4 (L.S.) (Albert LIPP) ( uth{. jL�i�pp,) LESTER M. ALBERTSONnr n, Jr. C U L SEP 29 1975 1 Perk of Suffolk County W&"J u n-._ (Jgkiftet <F_ Marin,