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HomeMy WebLinkAboutL 7901 P 470 .. 4x54 �r � Sexadurd N Y B.'Y.0 Form BLuIO*-Il l,, 3a4-Erceeutar x need-fad.vida,d ati�Cbgrara[G+a. - r„d ' � ".,�"* CONSULT YOUR LAWYER EIFORE SIGNING THIS INSTRUMENT-THIS INSTRUMENT SMOM BE USED BY LAWYIRS ONLT. sfAM1•' SER 7001 iA, 470 35 THIS A'IDENIVRE, made theajay of August nineteen hundred and seventy-five IBEPVVEF.N ADA PAYNE KAVAN, as Executrix of the Last Will and I M-2915 Testament of ERNA ADELE PAYNE, deceased, residing at Brook Road, y# Westhampton Beach, New York 11978, Vo l Ln ActExx>Qic fbEL$IiS[ 7LZ�Mf party of the first part, and LEO C. STEEDLE and ALICE STEEDLE, his wife, both ijresiding at 703 Koelbel Court, Baldwin, New York* 115102 lWITNESSETH,that the party of the first part, to whom letters testamentary were issued by the Surrogate's Court, SUFFOLK County, New York on May 27, 1975 and by virtue of the power and authority given in and by said last will and testament, and/or by Article I1 of the Estates, Powers and Trusts Law, and in consideration of - - - - I - THIRTY-THREE THOUSAND FIVE HUNDRED & 00/100 ($33,500.00) - - dollars, - - - - - - - - - - - - - - - paid by the party of the second part, does hereby grant and release unto the party of the second.part, the distributees 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 improvpnents'thereon erected, situate, 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 easterly side of Beckwith Avenue, distant 199.8 feet northerly as measured along the same, from the corner formed by the intersection of the northerly side of Main Street with the easterly side of Beckwith Avenue, said point being at the northwest corner of premises now or formerly of J. Hartranft and the southwest corner of the hereinafter described premises; RUNNING THENCE along the easterly side of Beckwith Avenue, Nortl..I. 17 degrees 04 minutes 40 seconds West 60 feet to the southerly side of land now or formerly of F. Sanford; THENCE along said land, North 71 degrees 48 minutes 50 seconds East 98.97 feet to the westerly side of land now or formerly of Riverhead Auto Parts, Inc. ; THENCE along said land, South 15 degrees 57 minutes 20 seconds East 60 feet to the northerly side of land now or formerly of J. Hartranft; and THENCE along said land, South 71 degrees 47 minutes 40 seconds West 97. 79 feet to the easterly side of Beckwith Avenue, at the point or place of BEGINNING. BEING AND INTENDED TO BE the same premises conveyed in Liber 7693 cp 433. R1r1t IST#�T ,f, k r R E C O R D E.D iesT� M aLsr arsoN :. „ ,, SEP 2 1975./ ,,C6rk of Sl,fit,fk` . . 77FIT UF 7301 (,ALA 11 TOGETHER with all right, title and interest, if any, of the parry 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 also all the estate which the said decedent had R the time of decedents death in said premises,and also the estate therein, which the party of the first part has or has power z � to convey or dispose of, whether individually, or by virtue of said will or otherwise, TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the distributees or successors and assigns of the party of the second part forever. This conveyance is subject to a first Mortgage (Liber 7144 mp 228) held by Southold Savings Bank in the amount of $20,000.00, which Mortgage is now reduced to $19,567.09 plus interest at 8 1/2% per cent per annum from August 23, 1975, and the parties of the second part hereby assume and agree to pay the unpaid balance of the prin- cipal on said Mortgage and do severally indemnify the party of the first part from any claim for same. The parties of the second part have executed and acknowledged this instrument for the sole purpose of evidencing their assumption of and agreement to pay the unpaid balance of principal and interest on such mortgage and to indem_rtify the party of the first part from any.claim for same. AND the party of the first part covenants that the party of the first part has not done or suffered anything whereby the said premises have been incumbered in any way whatever, except as aforesaid. AND the party of the first part,in compliance with Section 13 of the Lien Law, covenants that the party of the first part will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word "party" shall be construed as if it read"parties" whenever the sense of this indenture so requires. IN WITNESS WHEREOF, the party of the first part has duly executed thisdeedthe day and year first above written. / /- ////'7 IN PRESENCE OF: 1�C�0 C/ tom-' (L.S.) (Ada Payne Kavan, as executrix of the Last Will and Testament of ERNA ADELE PAYNE,ddeceased) • ��� - a o _ J (L.S .) eo Steedle) (L.S.) (Alice Steedle) i R E C 0 R D E-D . . _ LESTER M.,a ll£T ON SEP '$ 1975s, Clerk of 50N e ;.y` e Suffolk. ::