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HomeMy WebLinkAboutL 10476 P 227 ® 110476 t b227 /v) A P�_ �T.ioxj 1_ PtIMrtCttII Q o f'rixst5 A16RIP/t, /v , 1193 . 1 /WHEREAS, WE, PauliseII – ✓ and_-TWX Poulilen of the (*/Town of Southold, But )Marion 'AFf olk County of , State of NOW York are the owners as joint tenants of certain real property located at (and known as) Nagle Lane, East Mar10II, S. Y. in the() %Town of Southold State of Now York which property is described more fully in the Deed conveying it from Bernard Kaplan and Theodore Kaplan to Ana Pauliseh a Henry Paulieen as"that certain piece or parcel of land with buildings thereon standing,located in said But Marion, Town of Bouthold being more particularly bounded and described as follower Beginning at the southerly terminus of the easterly line of a private road leading southerly from the Main Road, 2101.37 feet southerly along said easterly line from the Hain Road, said point of beginning being the northeasterly corner of the premises herein described; from said point of beginning running along land of Lvenagp. south 310 151 50" east, 624 feet, more or lose, to ordinary high water mark of Gardinerle Bayt thence southwesterly, along the said high water mark, 360 �) feet, more or lose, to land "reserved for beach a..oa," shown as shoon "Mop of Cleaves Point," Section 1, filed in the Suffolk County Clerk's office as map 27521 thence along said land, north 44003130" west, 183 feet; thence along the easterly line of a 15 foot right of way shown an said map8 north 12 53*10" east, 131.27 feet; thence along lot 6 as shown on said map, north 8 13110" oast, 121.02 feet; thence �5f along lot 5 as shown on said map, north 0022140" east, 124.15 feet; thence along lot 4 as shown on said mV, north 16008120" wast, 131.56; thence along lot 1 as shown on said map and across the southerly and of said private road, north 56 37110" east, 125 feet to the point or place of beginning. Being the same premises earlier conveyed to the Settlors by an instrument dated Dec. lot 1969 and recorded in Vol. 6_�,"Page nv�—of the Suffolk County Land Records. NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that we do hereby acknowledge and declare that we hold and will hold said real property and all our right, title and interest in and to said property and all furniture, fixtures and personal property situated therein on the date of the death of the survivor of us, IN TRUST 1. For the use and benefit of the following three (3) persons,in equal shares,nina9i7 r stirpes: Kathloen A. Poulisen (Brookwell) – our daughter Andrea N. Poulison (Pederson) – our daughter Misabeth A. Paulsson (Golaga) – our daughter If because of the physical or mental incapacity of both of us certified in writing by a physician, the Successor Trustee hereinafter named shall assume active administration of this trust during our lifetime, such Successor Trustee shall be fully authorized to pay to us or disburse on our behalf such sums from income or principal as appear necessary or desirable for our comfort or welfare. Upon the death of the survivor of us,unless the beneficiaries shall predecease us or unless we all shall die as a result of a common accident or disaster, our Successor Trustee is hereby directed forthwith to transfer said property and all right, title and interest in and to said property unto the beneficiaries absolutely and thereby terminate this trust; provided, however, that if any beneficiary hereunder shall not have attained the age of 21 years, the Successor Trustee shall hold such beneficiary's share of the trust assets in continuing trust until such beneficiary shall have attained the age of 21 years. During 1� such period of continuing trust the Successor Trustee, in his absolute discretion, may retain the specific trust property herein described if he believes it in the best interest of the beneficiary so to do,or he may sell or otherwise dispose of such specific trust property,investing and reinvesting the proceeds as he may deem appropriate. If the specific trust property shall be productive of income or if it be sold or otherwise disposed of, the Successor Trustee may apply or expend any or all of the income or principal A. KIN SM4 RECORDED Nov 23 198 Clerk 01 Suffolk County