HomeMy WebLinkAboutL 7070 P 166 L.2 taNU Standard N.Y.B.T.U.Form 8002 Bargain and Sale Deed.with Covemnt against Grantor',Acu—Individual or Corpornion(Sin k She"'e))
CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT-THIS INSTRUMFUT SHOULD BE USE6onRY LAWYERS/ONLY
T) LIBER !071 i fw 166
THIS INDENTURE,made the 10th day of December , nineteen hundred and seventy—one,
BETWEEN SOUTH FORK DEVELOPMENT CORP. , a domestic corporation,
�0 having its principal office at Argonne Road (no #)(P.O. Box 275)
Hampton Bays, New York 11946,
party of the first part, and
JOHN PRESTON and ETHEL M. PRESTON, his wife,
both residing at 13 Seneca Drive,
Commack, New York 11725,
party of the second part,
WTTNFFSSETK 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, situate,
lying and being in the Town of Southold, Suffolk County, State of New York, and
designated as and by Lot No. 3 `on a certain map entitled, "Map of Corey
Creek Estates at Bayview, Town of Southold, Suffolk County, New York ant
D filed in the •Suffolk County Clerk' s Off}ce on August 15, 1967 as Map #49
BEING AND INTENDED TO BE part of the same p emises conveyed to the party
of the first part herein by Deed frim KURT HAMBSCH et al. , dated 5-21-66
and recorded 6-16-66 in the Office of the Clerk of Suffolk County, in
Liber 5974, cep. 552.
X
~ SUBJECT to a Declaration of Covenants and Restrictions recorded in Liber
6216, Page 256, on 9-7-67.
41a SUBJECT to a purchase money first mortgage made by the parties of the
second part herein to the party of the first part herein, in the princip
e amount of $4,000.00, for a period of two years, at 71'° per annum; said
mortgage intended to be recorded simultaneously herewith.
This conveyance is made in the normal course of the business ofthe party
of the first part herein and does not represent any conveyance of all or
substantially all of the assets of the corporation, and said conveyance
made with the unanimous consent of the holders of the outstanding shares
• of the party of the first part entitled to vote thereon, obtained at a
meeting duly called.
TOGETHER with the right to use jointly with others the private Beach am
Boat mooring facilities located in the area shown as "Residents Only" of
::p the above mentioned sub-division map; together with an easement over the
rri streets as shown on said map to the nearest public highway.
a TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and
! roads abutting theab4ve 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
HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of
r* 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 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
r0 m
the first part will receive the consideration for this conveyance and will hold the right to receive such consid-
ci i eration as a trust fund to be applied first for the purpose of paying the cost of the improveent 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 "party, be construed as if it read "parties" whenever the sense of this indenture so requires.
IN WITNEB4-WHEREOF,the party of the first part has duly executed this deed the day and year first above
written.
IN PRISEXAM OF
IT
f� SOUTH FORK DEVELOPMENT CORP.
A gf. 4 N In
'By:
9 o D Y., ` Euge R. Franco lini, Secretary
ng A {fry'. tit 131ca
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