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HomeMy WebLinkAboutL 8892 P 503 Sm,d"d N.V.It.T 11.IL."n K0112• 3 74.70M-Bargain"nd SA,Deed, xvh Covemm arau"r Gr"nor'.An.-Indnidual nr Coga,a m..(xingle xheer) CONSULT(Y Transfer OUR LAWYER BEFORE SIGNING THIS INSTRUMENT—TNIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. 'DC N.Y. IBE" 892PAGE503 Tax THIS INDENTURE,made the 11th day of September , nineteen hundred and eighty $21.45 BETWEEN MARY LYNCH, 501 North Church Street, Union, Missouri .,. DISTRICT SECTION � BLOCK LO T 0 0 ® ED 1CID 7 CE 2l.1 L..1,� 26 g 12 party of the first part, and JOSEPH SHARY and SANDRA SHARY, his wife, residing at 18 Maryland Boulevard, Hampton Bays, New York party of the second part, WrrNESSEI'H,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, with the buildings and improvements thereon erected, situate, -lying and beingSZON at Laurel, in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot #16 on a certain map entitled, "Map of Laurel Country Estates" , and filed in the Suffolk County Clerk's Office on June 22, 1970 as Map No. 5486. BEING AND INTENDED TO BE the same premises as conveyed to the party of the first part by deed dated March 15, 1978 and recorded in the Suffolk County Clerk's Office on March 27, 1978 in Liber 8405 Page 123. This conveyance hereunder is subject to a certain mortgage execute by Brian M. Lynch and Mary Jane Lynch as mortgagors to Riverhead Saving Bank as mortgagee, which mortgage is dated 5/16/72 and recorded on 5/25/72 in the Office of the Clerk of the County of Suffolk, in Liber 6370 of mortgages at page 106, which mortgage was consolidated with a mortgage executed by Brian M. Lynch and Mary Jane Lynch as mortgagors to Riverhead Savings Bank as mortgagee, which mortgage is dated 9/26/72 and recorded on 10/16/72 in the Office of the Clerk of the County of d " Suffolk, in Liber 6519 of mortgages at Page 140 and which mortgages " were extended by an Extension Agreement dated 9/26/72 and recorded on 10/16/72 in the Office of the Clerk of the County of Suffolk, in Liber o� 6519 of mortgages at Page 136 and which mortgages were further extended aria,. by an Extension Agreement dated 4/6/78 and recorded on 4/7/78 in the Office of the Clerk of the County of Suffolk, in Liber 8145 of mortgages at Page 25 and on which mortgage there is now due the sum of $32, 358. 65 and which mortgage debt and interest the parties of the second part hereby assume and covenant to pay. TAY DIAP DESIGN:\TION DI,I. 1000 TOGETIIER with all right, title and interest, if any, of the party of the first part in and to any streets and roads shutting the above described premises to the center lines thereof; TOGETHER with the appurtenances See. 127.00 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 RII. 04 .00 the party of the second part forever. I�IIM: AND the art of the first rt covenants that the rt of the first 005. 000 party � party 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 I any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. \`4 IN WITNESS WHEREOF,the party of the first part has duly executed this deed the day and year first above wt.�/_ ittn INce c written <c sep Shary Mar Lynoh e Sandra Snary ARTHUR J. FELICE y�• RECORDED rr.T s 1980 Clerk of Sutlolk Cennty