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HomeMy WebLinkAboutL 7588 P 423 ' SuM.rd NN BTU Fbe POOL- ^N. -9e: ��,: sm� Pen'. .un-.•..eavr ,gains:Qae:ori ins-in£i,iGval o;c awntien. in,v CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY s'- LIBER 7588 FACE 423 THIS INDENTURE,made the 2nd day of January nineteen hundred and seventy-four I gJ, BETWEEN /^ I ALBERT W. ALBERTSON, JR. and ALICE W. ALBERTSON, his wife, both /D/ I residing at (no number) Horton ' s Lane, Southold , New York 11971 party of the first part,and CHARLES W. WITZKE, residing at 3672 Ocean Avenue, Seaford, New York �A% it 11783 I party of the second part, WITNESSETH, that the party of the first part, in consideration of -------------------------.dollars, Ten ($1.0. 00)------------------------ 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 }t�,4}jc at Southold, Town of Southold, County of Suffolk and State of New York, bounded and described as follows : i BEGINNING at a point on the northerly side of Main State Road, where the same is intersected by the easterly side of land now or formerly of L. Albertson, which point is distant 506.06 feet easterly from the corner formed by the intersection of the northerly side of Main State Road with the easterly side of Boisseau Avenue; running thence along said land North 5 degrees 30 minutes 50 seconds West 811 . 68 feet to the Long Island Railroad Co . ; running thence along the same North 71 degrees 22 minutes 40 seconds East 78 . 03 feet to land now or formerly of William Albertson; ii running thence along said land the following three (3) courses and distances : 1) South 5 degrees 30 minutes 50 seconds East 51. 34 feet; 2 ) North 71 degrees 22 minutes 40 seconds East 59.72 feet; 3) South 5 degrees 30 minutes 50 seconds East 616. 57 feet to land now or formerly of Mullen; running thence along said land the following two (2 ) courses and distances : 1) South 87 degrees 58 minutes 50 seconds West 58.27 feet; 2 ) South 5 degrees 30 minutes 50 seconds East 183 .23 feet to the northerly side of Main State Road ; running thence along the northerly side of Main State Road South I 87 degrees 59 minutes 50 seconds West 76. 14 feet to the point or place of BEGINNING. ATE G U LISE0 7598 PAC€424 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 part in and to said premises, n 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 grantee herein, Charles W. Witzke, hereinbelow affixes his signature to this instrument evidencing his agreement to assume ii and pay the existing mortgage on the premises described herein which was made to the Southold Savings Bank by Albertson Marine, Inc. and Albert W. Albertson, Jr . and Alice W. Albertson, his wife, as guarantors , the grantors herein, dated November 19, 1971 and recorded December 2, 1971 in the Office of the Clerk of the County of Suffolk Liber 6216 at age 235 and mortgage dated February 8, 1973 made in L P e by Albertson Marine, Inc . to Southold Savings Bank recorded in th office of the Clerk of the County of Suffolk on February 14, 1973, 'I' which said mortgage contained a statement consolidating it with the ji single valid I first mortgage set forth so that the two constituted a first lien on the premises described therein, on which the present remaining principal balance is $63, 284.76. A subordinate purchase money mortgage made by Charles W. Witzke to i' Albert W. Albertson and Alice W. Albertson, his wife, in the amount $66,715 .24 as part consideration for the purchase of the above mentioned premises , is intended to be recorded simultaneously herewith. I it I' i, 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 of the cost of the improvement before using any part of the total of the same for any other purpose. �i 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 this deed the day and year first above II written. �i IN PRESENCE OF: LS lbert W. Albertson, Jr. ITS LS ' Alice W. Albertson SII Charles W Witzke i , E a, Clerk cf ' r aaK_ ,s County i