HomeMy WebLinkAboutL 7121 P 448 [j b5- ,
Standard N.Y.B.T.U.Form 8002.8-66-70M—Bargain and Sale Deed, with Covenant against Grantor's Acts—Individual or Corporatiingk Sheer) 7
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CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
E,- LIBER 7121 PAGE 448
THIS INDENTURE,made the ;0�day of � �`' , nineteen hundred and seventy—two
1 BETWEEN VICTOR TEICH'and SELMA TEICH, his wife, both residing at 33-34 -166th
Street, Flushing, New York
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party of the first part, and JOHN MARMARELLIS and NORMA MARMARELLIS, his wife,
both residing at 26-13 -23rd Avenue, Astoria, New York
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party of the second part,
WITNESSETH,that the party of the first part,in consideration of Ten Dollars and other valuable cpnsideration
paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs
t/ 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 it x9m at Laurel, in the Town of Southold, County of Suffolk and State of New
York, known and designated as Lot No. 9 as shown on "Map of A. L. Downs", and filed in
Suffolk County Clerk's Office as Map No. 21.
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There has been executed and delivered simultaneously herewith and intended to be recorded
L,^ a purchase money second mortgage in the amount of $3, 000.00.
\U The grantor herein is the same grantee named indeed dated March 4, 1971 and recorded
in the Suffolk County Clerk's Office on April 2, 1071, Liber 6908, page 524.
The grantees herein obtain no right, title or interest in the three foot wide easement along
the southeasterly side of Lots 7 and 8 for foot passage to and from Peconic Bay as referred
to in said deed in Liber 6908, page 524. Said easement is hereby extinguished by the grantor
herein and the grantees also affix their signatures hereto in recognition of the extinguishment
of said right of way.
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The grantees herein, in consideration of the conveyance herein made to them, do hereby
assume and agree to be bound and liable for the performance of all of the terms, covenants
and conditions, including the payment of all interest, amortization and/or any other charges
or obligations incurred by reason thereof, as contained in a bond and mortgage heretofore
made by the grantors above named to Arthur C. Downs, Jr. , originally in the amount of
m $13,500. , heretofore recorded in the Office of the Clerk of the County of Suffolk, New York,
C'.) on which said bond and mortgage there is now due and owing the amount of $12, 719.44 with
O interest thereon at the rate of 7-1/2%per anmtm from the 1st day of February 1972, payable
in constant monthly payments for interest and amortization of $160.26, which said mortgage
C7 matures April 1, 1981, said mortgage recorded April 2, 1971, in Liber 6007, page 5031-
T TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and t
c:7 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
cc 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
coo the first part will receive the consideration for this conveyance and will hold the right to receive such consid-
ro 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
n m any other purpose.
The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires.
o IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above
3 written.
W.T N 4 SS
cIN PWENCE OF:. Agreed t0 and �^
o r Acc to by:
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`I � VICTORdT-—
Ho 1JOHN ELLTS
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UZ5 SELMA TEICH
NORMA MARMARELLIS