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L 7275 P 570
$nudard N.Y.B.7.U.Form 8002•12.71-7011-11argain and Sale Deet,with Covenant against Grantor's Act s—Indrviilual or Corporation iSin les tl CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. LIBER 172 /5 PACE 570 THIS INDENTURE,made the /f day of October , nineteen hundred and severity-two BETWEEN AL BINNIE and ADA Nl. BINNIE, his wife, both residing at Bay Haven Lane, Southold, New York, 30 ?l Yx party of the first part, and RUTH F. WELLS, residing at Gin Lane, Southold, New York, party of the second part, WITNESSETH,that the party of the first part, in consideration of Ten Dollars and other valuable consideration 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 in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot 41 on a certain'map entitled, "Map of Bay Haven at Southold, owned and developed by William Wells", and filed in the Suffolk County Clerk's Office on January 22, 1959, as Map No. 2910. TOGETHER with the right in common with other owners of the lots shown on said map to the use of the "Community Beach" as designated on said map. The party of the second part agrees upon taking title, for herself, her heirs, executors, administrators and assigns, that she will join the Southold Bay F Haven Property Owners Association, Inc. , and will abide by the rules and regulations of said association as set forth in the by-laws thereof. This conveyance is made subject to a first mortgage on said premises held by : Ctrl the Southold Savings Bank in the balance of principal as of this date of Eighteen Thousand ($18, 000. 00) Dollars which the party of the second part hereby agrees to 'assume and pay pursuant to the terms therein stated. Vile C� 2� Y, tJ'ril! YCGw + s I �'. C7 d D0 TOGRTIIGK with all right, title and interest, if any, of the party of the first part in and to any streets and I_Z) mads abutting the above described premises to the center lines thereof; TOGETHER with the appurtenances ry t and all the estate and rights of the party of the first part in and to said premises; 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. AND the party of the first part covenants that the party of the first part hos not done or suffered anything whereby the said premises have been encumbered 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- oration 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 "part)'" shall be construed as if it read "parties" whenever the sense of this indenture so requires. r' IN WITNESS WHEREOF, the party of the first part has duly executed this deed theday and year first above written. -•+ !� _ \J t; "t IN PRESENCE OF: r /S� Al Binnie v. 1 m x- Ala o --1 /s/ Ada M. Binnie /s/ Ruth F. Wells