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HomeMy WebLinkAboutL 10122 P 378 ell CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD tE USED BY LAWYERS ONLY. 31 $ 5325 •��b I THIS INDENTURE, made the �J�� day of August nineteen hundred and eighty—six BETWEEN N� DAVID J . SALAND residing at Main Road , Jamesport , NY ASTRICT SECTIOn BLOCK LOT LOT Ca 1 E o ED I IyY El �— t party of the first part, and 26 OX` / B.C .K. of SUFFOLK, IAC . , a domestic corporation with an office at : "t c/o Fayer 6 Greenberger , 175 Fulton Ave . , Hempstead , NY parry of the second part, WITNESSETH, that the party of the first part, in consideration of Ten Dollars and other valuable consideration paid by the parry 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 }art forever, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the �a and Town of Southold, County of Suffolk and State of New York, bounded and described as follows : ,641c BEGINNING at an iron pipe set on the northerly line of the .Main Road at the southeasterly corner of land of Eula D6 p U I Wells and the southwesterly corner of land about to be described ; running thence along said land of Eula Wells Loi North 26 deg. 44' 1011 West 210 feet to an iron pipe ; thence three (3 ) courses as , follows : (1 ) North 49 deg 18 ' 40" �3 ©00 East 75 feet to an iron pipe ; thence (2) South 43 deg. 47 ' 4011 East 77 feet to an iron pipe ; thence (3) South 34 deg. 141 4011 East 133 feet to an irpn pipe set on the northerly line of said Main Road ; thence along the northerly line of said Main Road south 51 deg. 551 2011 West 115 feet to the point or place of BEGINNING. SUBJECT to covenants , restrictions , easements , reservations and agreements of record. BEING and intended to be the same premises conveyed to the party of the first part by deed dated April 15, 1981 and recorded May 29, 1981 in Liber 9009 page 365. BEING and intended to be the same premises conveyed to the party of the first part by deed dated October 29, 1981 and recorded May 6, 1982 in Liber 9179 page 107. Subject to and assuming a first mortgage in the presently reduced qw� bia e . principal amount of S43 ,936 .26 , which mortgage the grantee herein,; K,,,,., agree to assume and pay according to its terms . Subject further [o4, Second Purchase Money Mortgage in the amount of $46 ,000 which is intended to be recorded simultaneously herewith . 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 parry 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 parry of the second part forever. AND the parry of the first part covenants that the party of the first part has not done or suffered anything whereby �1 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 parry of the first part will receive the consideration for this conveyance and will hold the right to receive such consideration as a \ trust fund to be applied first for the purpose of paying the costof 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. � s VI WITNPS. %YHER,EM',alte parry of the first part has duly executed this deed the day and yea firs[ above AeS Tp 'ASS witT..•v eAti44YvcTc.rtL.E R .C .K. of SUFFOLK, INC . 5925 RAR N,Pres�t � DJ�VID J. S AND t NLXL LSTA"fF 15 1986 BARBARA KUNEN_- 3290 SEP 15 1986 JULIETTE A. KINSELLA s..... Il NMRQEg ; , • ` Clefk of Suffolk County AM