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HomeMy WebLinkAboutL 7462 P 381 v� t 1 Ba:gva aid Sae D<ed, wish Covemns agamr Granwr's Aas—Individual or Corporuion. CONSULT YOUR LAWYER BEFORE SIGNING THIS M'ISTRUM ENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. LIBER 746? -PAGE 38 41 THIS INDENTURE, made the day of August nineteen hundred and seventy-three BETWEEN WILLIAM McNEIL and CAROLE M. McNEIL, his wife, both it M-2772 residing at (no number) Nokomis Road, Southold, New York 11971, P, part• of the first part, and i FRANK A. PATZINA and WILMA PATZINA, his wife, both residing at 80-15 Fairfield Way, Commack, New York, -- I part}' of the second part, _ - -- WITNESSETH, that the part- of the first part, in consideration of - - - - - - - - - - - - - - ., - - - - - - TEN AND 00/100 ($10,00) - - - - - - - - - - - - - dollars, lawful tnonev of the United Stares, and other good and valuable consideration prli by the part' of the second past, does herebc grant and rclea=c Onto the part%' of the second part,-the heirs or - i successors and assigns of the part}- of the secm;d part forever, Q ALL that certain plot, piece or parcel of ]and, with the buil (< .� I buildings and improvements thereon erected, situate, 4Y - i lying and being ixxb3x at Southold, in the Town of Southold, Suffolk County, New York, bounded and described as follows : BEGINNING at the corner formed by the intersection of the southerly line of Hiawath ' s Path and the westerly line of Nokomis Road; and RUNNING THENCE South 5 degrees 45 minutes East by and along Nokomis Road, 113. 80 feet to land formerly of Gonzalez, and now of Leo Rauch and Jacqueline Nellie Rauch, his wife; _ RUNNING THENCE along said land, South 84 degrees 21 minutes West, 114. 50 -feet to land now or formerly of Howard; RUNNING THENCE North 3 degrees 56 minutes West along said land now or formerly of Howard, 133.01 feet to the southerly line of Hiawatha' s Path; RUNNING THENCE South 85 degrees 50 minutes East, 111. 95 feet by and along Hiawatha ' s Path to the point or place of BEGINNING. u REAL ESTATE `` STATE 4f s TnANSFLR TAX ^n:EtiJ v7RK )F M :a LES' ER M. ALBER,SCPJ AUG 8 1973 RECORDED Clerk of Suffolk Count v " L&R 74fi? wz 38 TOGETHER with all right, title and interest, if any, of the pafty 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 part in and to said premises, TO HAVE AND TO HOED 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. This conveyance is subject to a mortgage held by Southold Savings Bank in the amount of $21,000 .00, now reduced to $20,507.66 with interest at 7 1/2% from July 20, 1973. The parties of the second part hereby assume and agree to pay the unpaid balance of the principal sum of said mortgage and the parties of the second t part have executed and acknowledged this instrument for the sole purpose of evidencing their assumption and agreement to pay the unpaid balance of the principal of said mortgage and interest. i E s 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 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 oithe cost of the improvement before using any part of the total of the same for any other purpose. = The word "partly" 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. IN PRESENCE OF: �"� (William McNeil) (L.S.) (Carole M. McNeil) rw (L.S. ) (Frank A. Patzinar/ 7 � p (L.S.) (Wilma Patzina r I Cal 8 1973 RECORDED '` fMON LES'TER M. ALBE Clerk of Suffolk Count -