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HomeMy WebLinkAboutL 7969 P 98 Standard N.Y.B.1 J-. F.,.80G2-8.63—liar, ae Sale D,,,4 or (,'meetshad) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THT: ?ZS,TRVMIFHT SHOULD Of USED BY LAWYERS ONLY. THIS INDENTURE, made the 30th iia; of December !,3ndrfd and seventy-five, BETWEEN RICHARD L. HORTON, JR. and DEBRA S. HORTON, his wife, both residing at Wells Road (no street number), Peconic, New York, party of the first part, and DONALD J. WALSH and pHyLLIS C. WALSH, his wife, both residing at 186 Wetherill Road, Garden City, New York, party of the second part, WITNESSETH,that the party of the first p2irt,in conside.ration ni �'c1';i. Mars 1'� ars and other valuable consideration paid by the party of the second part, does hereby grant and re'cz;1­ ur.,/o --hr party III dee 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 tbt baiLoi"4 and irr.rrovzm-tits thereon erected, situate, lying and beingAKft at Peconic, Town of Southold, County of Suffolk and State of New York, bounded and described as follows : BEGINNING at a concrete monument set on the curved northerly line of Wells Road at the point where the boundary line between land of Antone Skwara and land formerly of Charles J. Simon intersect said northerly line, being the southeasterly corm r of said land of Antone Skwara and the southwesterly corner of the premises herein described, and which were of Charles J. Simon; from said point of beginning running along said land of Antone Skwara, North 21 degrees 21 minutes 10 seconds West a distance of 207. 10 feet to a point; RUNNING THENCE in a general easterly direction along other land formerly of Edward B. Terrill and wife, and now or formerly of Zaiser, North 84 degrees 56 minutes 50 seconds East a distance of 207. 10 feet to the westerly line of Wells Road; RUNNING THENCE in a general southerly and southwesterly direction along said Wolls Road on a curve to the right having a radius of 207. 10 feet, a distance along said curve of 266.39 feet to the point or place of BEGINNING. SUBJECT to covenants, reservations, easements and agreements of record, if any, and SUBJECT to any state of facts that an accur- ate survey may show. SUBJECT to a first mortgage held by the North Fork Bank & Trust Company in the original sum of $22, 500. 00, now reduced to the sum of $21,858. 58 with interest thereon from the 1st day of December 1975, at the rate of 8% per annum, which mortgage the parties of the second part herein agree to assume and pay. TOGETHER with all right, title and interest,if any, of the party, of the first part of, in and to any ,tenets and roads abutting the above-described premises to the center lines thereof; TOGETHER with the appurtamumn and all the estate and rights of the party of the first part an and to said premises; TO HA IM 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 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 wa) whatevcr, except as aforesaid. AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the pulY 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 improvem&,i, bef�!­ using any part of the total of the saw lot any other purpose. The word "Party" shall be construed as if it read "parties- tlkc sense of this indenture so repirea, 4 IN WITNESS WHEREOF, the part) of the first part d,,.jkl �-,-vted this decd the day and year first above written. IN 1MRSIENCE OF: r