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HomeMy WebLinkAboutL 7939 P 388 .tt Mxr. ,n,y 11,,pm n,l S.ir 11—i. .111.nvenxut iK r1"4 murvi s Au.—[+NYWMWY dY I.nelp,a{M - f . �F�1 r CONSULT YOUR LAWYER BEFORE SIGNING THIS I1413*�WN•r•TWEINSTIMPKINTSWUtf 1111 nu 7Lli THIS INDENTURE,made the 29th day of October nineteen hundred and seventy—five Y Jq X BETWEEN w: JOSEPH C. CORNELL and ALICE P. CORNELL, his wife, both residing at : 9 (no number) Waterview Drive, Southold, New York 11971 party of the first part,and ri JAMES H. POULSON and RUTH E. POULSON, his wife, and CAROLYN M. FLANAGAN, all residing at 57 Superior Road, Bellerose, ' New York 11426 , as, joint tenants ; Carolyn M. Flanagan owning an undivided one-half interest, all with right of survivorship. rr _ party of the second part, WITNESSETH, that the party of the first part, in consideration of r Ten ($10.00) ---------------------------------m---------------- dollars, lawful money of the United States, paid ' by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being kp*¢ at Southold, in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot Numbered 29 on a V1 '1 certain map entitled, "Map of Section One, Fairview Park, at Southo'Ld New York, dated July 12 , 196111 , filed in the Suffolk County Clerk' s Office as and by Map No. 33M. 1 Iii 6 q n I� i REAL ESTATE STATE OF k o� k; TRANSFER TAXf ,q KEW YO$K.* t - * �'o Dept:of 2 6. 9.5 Ia<atinR sov ris &Fmentt RB. Ar I• �j �I E i I LESTER 1A A.�SEIRTSON R v 0 ! E D `J i 1975 Clerk of SLffolk County _ a 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 put 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 the party of the second part forever. The grantees herein, James H. Poulson and Ruth E. Poulson, his wife, and Carolyn M. Flanagan, herebelow affix their signatures to this instrument evidencing their agreement to assume and pay the existing mortgage on the premises described herein which was made to the Southold Savings Bank by Joseph C. Cornell and Alice P. Cornell, his wife, the grantors herein, dated November 23, 1968, recorded in the Office of the Clerk of the County of Suffolk on November 27, 1968 in Liber 5507 at page 344, and mortgage dated November 21, 1972, recorded in the Office of the Clerk of the County of Suffolk on December 4, 1972 in Liber 6568 at page 276, which mortgage contained a statement consolidating it with mortgage first above mentioned to form a valid first lien on the premises described therein, on which s the remaining principal balance on October 29, 1975 is $34, 909.28 it with interest paid to October 21, 1975. ,i p J I Ij it - •. ,l I jl it �I I I AND the party of the first part covenants that the party of the first part has not done or suffered anything iI q whereby the said premises have been incumbered in any way whatever, except as aforesaid. AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants thatthe 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. I! IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above t written. i IN PRESENCE OF: LS �j o C. Cor ell } S . i Alice P. C rnell .LS ' J�mes H. Poulson rlretJC Ruth E. Poulson Carolyk M. Flanagain R L V i B E D 7 LESTER M.ALBERTSON hG+ s 1975 Clerk of Suffolk County