HomeMy WebLinkAboutL 6623 P 509 j(� s 9
L.o ie-ev Sundud h'.Y.B.T.U.Form 8001 Bargain and 8+1<Derd.wi,h Co.rnav ag,im,Gnmor',Am-hdrvidwl ar Corpot�.HG;6 V�,� P!�.tE 50•�
CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
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/ xx THIS INDENTURE, made the 18 day of March nineteen hundred and sixty—nine,
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BETWEEN SOUTH FORK DEVELOPMENT CORP . , a domestic corporation,
having its principal office at Argonne Road,
Hampton Bays , New York 119116,
party of the first part, and - �'e6
REAL s'�ATr r riF
P�, E_ -i-
I,,: , OF
DOUGLAS MAC ARTHUR REYNOLDS , -„L
c ` > ” a c V I v 0^
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residing at Troy Hills, P<
J"rt. c= _ .
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Parsippany, New Jersey, `--
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,
AI.L that certain plot, piece or parcel of land, situate,
lying and beiRg in the Town of Southold, County of Suffolk, and State of New
York, designated as Lot 28 on map entitled, "Map of Corey Creek
cel Estates at Bayview", filed in the office of the Clerk of the County
V3 LC.S of Suffolk on 8/15/67, as Map No. 11923 .
00
SUBJECT to covenants and restrictions recorded in Liber 6216, Page 256,
on 9/7/67.
BEING AND INTENDED TO BE part of the same premises conveyed to the
party of the first part herein by Deed from KURT HAMBSCH et al . , dated
5/21/66 and recorded 6/16/66 in Liber 5974, c •P. 552 .
t SUBJECT to a purchase money first mortgage made by the
party of the
second part herein to the party of the first part herein, in the
principal amount of $8,500.00, for five years, at 7-1/4% per annum,
_ bearing even date herewith and intended to be recorded simultaneously
'1 a
v herewith.
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` This conveyance is made in the normal course of the business of the
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 is 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 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; 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 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
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 auy 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.
the party of the first part has duly exceated this deed the day and year first above
written.
IN F'ItHSENCB OT':
SOUTH FORK DEVELOPitEi,'T CORP ,
By .
Eugene R. 1'rancelini, Secretary