HomeMy WebLinkAboutMarine Midland/Preston I
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CONSULT YOUR LAWYER BEFORE.SIGNING THIS INSTRUMFNT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
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THIS INDENTURE, niadr Thr 'Jy day of ,,i fid+ )�-- ninrlrrn hundrrd and �%Ct�-+✓+� "
,
BETWEEN MARINE MIDLAND TINIER NATIONAL DANK, a national banking
institution, duly organized and existing under and by virtue of
the laws of the United States of America, having its principal
place of business at (no number) Main Street, East Setauket,
New York,
YI party of the first part,and RALPH T. PRESTON, INC., a New York corporation,
having its principal place of business at (no number) Sterling
Street, Greenport, New York,
party of the second part,
{YHEREAS, the party of the first pari is the holder of the following 1HZXMerr and of the bmitxXor note
secured thereb -
Collyateral Deed
=NgeW dated the 27tlday of May , 1971, made by Saltair Industries,
Inc. , Sag Harbor Yachts, Inc., Saltair Nursery, Inc. and Ralph T. Preston
to the party of thefirst part Inc..
in the principal sum of$265,000 and recorded in (Liber)
6945 of section of mortgages,page 13 in the office of the Cleric ct the County
of Suffolk, State of New York
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covering certain lands and tenements, of which the :ands hereinafter described are part, and
WHEREAS, lha paT:y of the first par[ at the re e nest of the Party of the xcnnd ;art, has agreed to
give up and surrender the lands hereinafter desn ibed unto the party of the second part, and to hold'and
retain the residue of the wtanggpd lands as security for the money remaining due on said collateral deed
mBMlp4oc ,
NOW THIS INDENTURE WITNESSETH, that the party of the first part, in pursuance of said agree-
i
ment awl in consideration of
TWL•'NTY—FIVE THOUSAND --- ($25,000) ---------------------- Dollars,
lawful money of the united states, and other valuable consideration
186,1 by the party of the second I art, does pram, release and.yuitdaim unto the party of the second part, all
that part of said]wN;;Tprrylauds described as follows:
having its principal
PQ L.r ALL that certain ]ot,
p piece or parcel. of land, with the buildings
a h: and improvements thereon erected, situate, lying and being near the
S' Incorporated village of Greenport' in the Town of Southold, Suffolk
County, New York, bounded and described as follows: ,
BEGINNING at a point on the westerly line of Manhasset Avenue,
258.86 feet southerly along said Westerly line from Champlin Place,
from said point of beginning running along said westerly line of.
I� Manhanset Avenue, South 34 degrees 57 minutes '20 seconds East,
123.60 feet,
N
s' THENCE along land of Sterling Ifarbor Marina, Inc., South 23 degrees
48 minutes 10 seconds West, 56.23 feet to ordinary high water mark
II' of Sterling Creek;
t
THENCE Northwesterly along said high water mark, 160 feet More ;r
less, as measured by a tie line, North 17 degrees 29 minutes 20
seconds West, 160.15 feet to the point or place of BEGINNING.
ALL that certain plot, piece or parcel of land, situate, lying and
being near the Incorporated Village of Greenport, in the Town of
Southold, Suffolk County, New York, bounded and- described as follows:
BEGINNING at a monument on the easterly line of Manhanset Avenue,
981.72 feet southerly along said easterly line from the North Road,
said point beginning being the southwesterly corner of land of
Sterling Cemetery; from said point of beginning running along said
land of sterling Cemetery, six courses, as follows: -"
1. North 66 degrees 07 minutes 00 seconds East 52.13 feet to a
monument; thence
2. North 86 degrees 53 minutes 00 seconds East 186.18 feet to a
monument; thence
3. North 43 degrees 14 minutes 40 seconds East 87.05 feet to a
monument; thence
4. North 59 degrees 52 minutes 40 seconds East 32.50 feet 'to a
monument; thence
5. North 87 degrees 14 minutes 20 seconds East 162.98 feet to a
monument; thence
6. North 46 degrees 34 minutes 20 seconds East 44.13 feet to a
monument. . .-
THENCE along land of Ruth F. Preston and others, South 30 degrees
01 minute 30 seconds East 151.52 feet to an iron pipe and land
of St. Agnes Cemetery;
THENCE along said land of St. Agnes Cemetery, two courses:
1. South 63 degrees 02 minutes 10 seconds West 400.35 feet to '
a monument; thence
2. South 73 degrees 22 minutes 50 seconds West 165.64 feet to an
iron pipe and said easterly line of Manhanset Avenue;
THENCE along said easterly line, two courses: i
1. North 34 degrees 56 minutes 30 seconds West 175.14 feet; thence
2. North 20 degrees 12 minutes 30 seconds West 35.37 feet to the
point of beginning.
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TOGETHER with all .ght. lith, and mon I. if :ow. of the early I,I the hrst fart in and to any streets and
road,abnll ing the:duce Jrx nlrrd prrnli.rs h, I],, remrr lion. Ihr 1,4:md in and to any lixhues and articles
,If pri 1phut nh''rwhich arc ua' a
nnnainr,l in .aid prI
colla3t3 eral decd. oni l and Ihi,I Ina) be covered by said m,e ZNIpe
TOGETHER will, Ih,. b...... anlrms awl apps utrnanoes then ono belonging, and all right, title and interest
of the party of the In't earl. in and In the ""It, to thr ilnenl that the lands hereby released may he dis-
chargrd from .aid collateral dec,&"vt;.x ,;loll Ihal the rest of the lands in said
deed collateral
XatlNgfq(N slneilied may rculanl WKOL te�,�pgo the party of the first part as heretofore.
deeded I
TO HAVE AND TO HOLD the lands and premises hereby rehrased and quitclaimed to the party of the
senmd part, and to the heirs, successors and assigns If the party of the second part forever, free, clear and
discharged of .ltd from all lien and claim under and by virtue of said Collateral utara9+gx deed
aforesaid.
IN WITNESS WHEREOF, the party of the first part has executed this release the day and year first above
written.
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• IN PRESENCE OF: - MARINE MIDLAND TINKER NATIONAL
BANK
„
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STATE OF NEW YORK, COUNTY OF ss.:
On the day of , nineteen hundred and -
before me personally came
to me known to he the individual described in and who executed the foregoing instnunent, and
acknowledged that executed the same.
STATE OF NEW YORK, COUNTY OF ss.:
On the day of , ninetecu hundred and
before me personally came
to me known to be the individual described in and who executed the foregoingA5trmnent, and
ackno'k,lged that executed the same.
_ A , .
STATE OF NEW YORK, COUNTY OF ss:
Uu the day of . Intim 'a hands+l and
More me per>un:dly cattle
to in, k sown. who, I...ing by me dilly .xoni, did JDlxur mal .ay Iko h' rrsides a1 Nu.
that he is the
of
the curlvxatiun described in and whirl) executed the furrguiug itiarunu•nt; that he knows the seal of
said cogwration; that the sad affixed to said instrument is .still, Im pirate seal; that it was so affixed by
order of the beard of directors of said corporation, and that he signed h name thereto by like order.
STATE OF NEW YORK, COUNTY OF
ss.:
On (he day of ,nineteen hundred and
before me personally came ,
subscribing witness to the foregoing instrument, with whom I am personally acquainted, who, being bl?me
duly sworn, did depose and say that he resides at No.
that he knows
to be the
individual described in and who executed the foregoing instrument; that he was present and saw
execute the same,and that 'he, said witness, thereupon at the same time subscribed IT
name as witness thereto. _
itelease
OF PART OF MORTGAGED PREMISES SECTION
TITLE NO. BLOCK
LOT
COUNTY OR TOWN
TO
R,uorded A, Re,—M o'Thr Tide Gwranme Can,pmy
RETURN By MAIL TO:
=10AKI.ARDNov Or nor...IAwRnf RSEE COMPANY Zip No.
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