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Home My WebLink AboutL 11777 P 196 GnnA:nA N 1 It I.I'. Fn in Prq;-TIM —Ougai .mA Sale IMed,xiW('.n orranlx lrgvn minr. IviriRic slurp CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT•THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY NYSTT THIS INDEN'T'URE, made the day of May nineteen hundred and 1996 $ BETWEEN �J/� BERNARD A. ROUSSEAU and ELIZABETH JANE ROUSSEAU, both residing at L 1I / / 7 500 Alvahs Lane, Cutchogue, New York 11935, pm/ fV party of the first part, and INSTRICT SECTION BLOCK LOT Eyl� Q 12 17 21 10 NFB DEVELOPMENT CORP. , a domestic corporation, having its principal place of business at 9025 Main Road, Mattituck, New York 11952 , party of the second part, WITNESSETH, 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 being in the see schedule A attached hereto BEING AND INTENDED to be the same premises conveyed to the party of the first part by deed dated 5/21/85, recorded on 5/24/85 in Liber 9797 cp 322 . This conveyance is made in the usual and ordinary course of business of the party of the first part. The conveyance of title hereunder shall not effect a merger of the mortgages as set forth in Schedule B annexed hereto and made a part hereof into the fee title of the above-described premises. "1'OGF,TI III:R with all right, title and interest, if any, of the party of the first part in and to ;my 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 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 o[prethe first part covenants that the party of the first part has not done or suffered anything whereby the said mises 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- cra(ion 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 any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture So requires. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the Jar and year first above written. IN PRESEN CE OF: �� 1 A le Bernard A. Rousseau Elizabeth Jane Rousseau RECORDED JUN 0 1996 O' xx.O 1Y LtamILItY POOH RJR Mico M SCHEDULE A LEGAL DESCRIPTION ALL THAT CERTAIN PLOT, PIECE, OR PARCEL OF LAND, SITUATE, LYING, AND BEING IN THE TOWN OF SOUTHOLD, COUNTY OF SUFFOLK AND STATE OF NEW YORK BEING MORE , PARTICULARLY BOUNDED AND DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTHEASTERLY SIDE OF ALVAH'S LANE DISTANT 399.82 FEET NORTHWESTERLY OF THE CORNER FORMED BY THE INTERSECTION OF THE NORTHEASTERLY SIDE OF ALVAH'S LANE AND THE NORTHWESTERLY SIDE OF MAIN ROAD; RUNNING THENCE ALONG THE NORTHEASTERLY SIDE OF ALVAH'S LANE, NORTH 31 DEGREES 15 MINUTES 10 SECONDS 221.10 FEET TO LAND OF ROSSEAU; THENCE ALONG LAND OF LAND OF ROSSEAU, NORTH 63 DEGREES 22 MINUTES 30 SECONDS EAST 478.37 FEET TO LAND NOW OR FORMERLY OF.,KALOSKI; THENCE ALONG LAND NOW OR FORMERLY OF KALOSKI .THE FOLLOWING TWO (2) COURSES AND DISTANCES: 1. SOUTH 27 DEGREES 50 MINUTES 20 SECONDS EAST 53.14 FEET; 2. NORTH 61 DEGREES 40 MINUTES EAST 48.55 FEET; - THENCE ALONG LAND AS SHOWN ON THE MAP OF "CROWN LANE LANE" MAP NO. 6289, SOUTH 32 DEGREES 20 MINUTES 20 SECONDS EAST 155.80 FEET; THENCE ALONG LAND NOW OR FORMERLY OF E. GRATHWOHL JR. , LAND NOW OR FORMERLY OF R. GRATHWOHL, LAND NOW OR FORMERLY OF VERDERESE AND LAND NOW OR FORMERLY OF MC AFEE, SOUTH 61 DEGREES 53 MINUTES 00 SECONDS WEST 525.85 FEET TO THE NORTHWESTERLY SIDE OF ALVAH'S LANE AND THE POINT OR PLACE OF BEGINNING. FOR INFORMATION ONLY: DISTRICT 1000 SECTION 109.00 BLOCK 02.00 LOT 002.002 ' RECORDED JUN 6 1996 Cdk?78t 0r- 8Wf( X('A7NI V SCHEDULE B (a) Mortgage Note dated 05/21/85 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to The North Fork Bank & Trust Company in the principal sum of $40,000.00; (b) Mortgage dated 05/21/85 made by Bernard A. Rousseau and Elizabeth J. Rousseau to The North Fork Bank & Trust Company in the principal sum of $40, 000.00, which mortgage was recorded in the Suffolk County Clerk' s Office on 05/24/85 in Liber 10785 page 219; (c) Building Loan Mortgage Note dated 01/28/86 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to The North Fork Bank and Trust Company in the principal sum of $110, 000.00; (d) Building Loan Mortgage dated 01/28/86 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to The North Fork Bank & Trust Company in the principal , sum of $110,000.00, which mortgage was recorded in the Suffolk County Clerk' s Office on 02/03/86 in Liber 11367 page 480; (e) Consolidation/Extension Agreement dated 01/28/8.6 made by and among Bernard A. Rousseau, Elizabeth Jane Rousseau and The North Fork Bank & Trust Company in the amount of $150,000.00, which agreement was recorded in the Suffolk County Clerk's Office on 02/03/86 in Liber 11367 page 485; (f) Mortgage dated 06/17/86 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to Long Island Mortgage Corp. in the principal sum of $33,250.00, which mortgage was recorded in the Suffolk County Clerk' s Office on 06/23/86 in Liber 11714 page 273; (g) Extension/Modification Agreement dated 06/17/86 made by and among Bernard A. Rousseau, Elizabeth Jane Rousseau and Long Island Mortgage Corp. and recorded in the Suffolk County Clerk' s Office on 06/23/86 in Liber 11714 page 282; (h) Assignment of Mortgage dated 06/17/86 from The North Fork Bank & Trust Company, as assignor, to Long Island Mortgage Corp. , as assignee, which assignment was recorded in the Suffolk County Clerk' s Office on 06/23/86 in Liber 11714 page 305; (i) Assignment of Mortgage dated 03/10/92 from Federal National Mortgage Association to Southold Savings Bank recorded on 10/29/93 in Liber 18724 mp 263; (j ) Restated Adjustable Rate Note dated 06/26/92 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to Southold Savings Batik in the principal sum of $270,000.00; (k) Mortgage dated 06/26/92 made by Bernard A. Rousseau and Elizabeth Jane Rousseau to Southold Savings Bank in the principal sum of $36,044 .50, which mortgage was recorded in the Suffolk County Clerk' s Office on 10/29/93 in Liber 18724 page 262; (1) Consolidation, Extension and Modification Agreement dated 06/26/92 made by and among Bernard A. Rousseau, Elizabeth Jane Rousseau and Southold Savings Bank in the principal sum of $270, 000.00, which agreement was recorded in the Suffolk County Clerk' s Office on 10/29/93 in Liber 18724 page 264; (m) Modification Agreement dated 07/06/94 by and among North Fork Bank, Bernard A. Rousseau and Elizabeth Jane Rousseau, which agreement was recorded in the Suffolk County Clerk' s Office on 07/28/94 in Liber 18851 page 439. ' RECORDED JUN 6 1996 ct.Emc Or-s" cO1MY