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HomeMy WebLinkAboutL 7647 P 538 Standard N.Y.B,T.U.Form 8007•7-72.70M--Bargain and Sale Deed.with Covenant against Grantor's Acta—Individual or Corporation(Single sheet) y CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. lr � t , LIBER 1647 mcE 538 leas THIS=E?frLgMmade the 30th day of May nineteen hundred and seventy-four '} —/3r3 S ` BETWEEN /�� CHINOOK ASSOCIATES EAM INC. , a domestic corporation having its v' principal office at/Soundview Avenue, Peconic, New York 11958- party of the first part, and I WINDWARD SAILING CO. , INC. , a corporation organized under and existing by virtue of the business corporation law of the State i of New York, having its principal office at 37 Front Street, rq I Greenport, New York 11944 party of the second part, WITNESSETH,that the party of the first part,in consideration of Ten Dollars and other valuable consideration U7 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 the of he gn party t second part forever, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, )V�J lying and being in the Incorporated Village of Greenport, in the Town of Southold, County of Suffolk and State Of New York, bounded and described as follows; (\rJ^ BEGINNING at a point on the southerly side of Front Street where the same is intersected by the westerly side of land of Barth Estate; running thence along said land and land now or formerly of at Mills South 6 degrees 49 minutes 10 seconds East 132 . 56 feet to land now or formerly of White; running thence along said land South 1: 83 degrees 10 minutes 50 seconds West 26 feet to land of Bayview rm Develop.t p• Cor p. ; running thence along said land and along land of Jaeger North 6 degrees 49 minutes 10 seconds West 133.18 feet to the southerly side of Front Street; running thence along the southerly, side of Front Street North 84 degrees 33 minutes 30 seconds East 26 feet to the point or place of BEGINNING. SUBJECT TO the right of way of others running along the easterly side of the building. Right of way in Liber 1121, co 315, Liber 1165, cp 171, Liber 1200, cp 172 . Right of Way in Liber 4126, cp 130, Liber 1249 cp 409, Liber 3243, cp 199. THIS conveyance is made in the regular course of business and does not constitute a sale of substantially all of the assets of Chinook Associates East, Inc. SUBJECT TO a mortgage made by the grantor herein to the Southold Savings Bank on 8-4-72, recorded in the Suffolk County Clerk ' s Office on 8-30-72 in Liber 6467, cp 440, on which the remaining principal balance is $16, 854: 76 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 any 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. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. :i IN PRESENCE OF: •�i 5u uy C OK ASSO IA EAST, INC. , y, y ria E. ;• Fultz { �,• ice President asE r JUN '� ALBER E Q TSGN' ; ^ _ J aR D .. 3�IJ14 GhNi t of St,t cD