HomeMy WebLinkAboutL 7445 P 373 / Standard N.Y.B.T.U.Form$001-10.71-15M—Bargain and Sale Deed.without Covenant against Grantor's Acis—Individual of Cotpomlon(single sheet)
IG./,sJ,t CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
LIBLR7445 PAA r3
THIS INDENTURE,made the 21st day of June nineteen hundred and seventy-three
BETWEEN NATHANIEL 0. ABELSON, residing at 54 East 91st Street
New York, New York, -
and HEMA E. GARBADE, his wife,
party of the first part, and ALBERT M. GARBADE, JR. ,/residing at Indian Neck
Lane (no street number), Peconi�, New York
party of the second part, _
WITNESSETH, that the party of the first part, in consideration of ten dollars and other valuable consideration E
paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs
or successors and assigns of the party of the second part forever,
ALL that certain plot, piece or parcel of land, dCitllx$L1l�idldYt�g%t3Dc1[i3pii74](t3i8tiKs[tfic2EtSdL86, situate,
lying and being in the Town of Southold, Suffolk County, New York, known
and designated as Lot Nos . 21 and 22 on that certain mn.p dated
December 14, 1962 entitled "Map of Arrowhead Cove at Indian Neck,
Peconic, Town of Southold, Suffolk County, New York" filed in the
Office of the Clerk of Suffolk County on June 20, 196 in File ..
' 1 No. 3810, Abstract No. 4323;
� I SUBJECT to all restrictions, covenants and provisions set forth
in that certain Declaration of Protective Covenants dated November
195 1964 and recorded in the Office of the Clerk of Suffolk County
h on November 24, 1964 in Liber 5657, page 584;
a TOGETHER with the appurtenances and all the estate and rights of
0 the party of the first part in and to said premises ; TO HAVE AND
(A) TO HOLD the premises herein granted unto the party of the second
U. part, the heirs or successors and assigns of the party of the
second part forever.
The party of the second part hereby grants to the party of the r-
first part an option to repurchase the premises conveyed hereby
for $15,000 at any time between January 1 and June 30, 1974 if
the party of the second part shall not have commenced construc-
tion of a home on said premises on or before the date the party rA
of the first part so exercises said option. jo
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AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the party of K
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 anv 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 drily executed this deed the day and year first above
written.
INPRESENCB—'•QPI
I h:al:ie_ c., hcllson
LESTER M. ALBERTSON
Jul 19 197
Clark of Suffolk Cotntty 3 M R E COR O E D