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HomeMy WebLinkAboutL 11654 P 133 Smd.,d N.Y.B.T.U.Form 8010.7-79-.SM-Executor's Deed-Individual or Corporation. CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. THIS INDENTURE, made the 361 day of PCJOb� nineteen hundred and ninety-three. BETWEEN JILL FOGARTY, residing at 4 Lexington Avenue, New York, NY P 13� DISTRICT I SECTION ��BLOCK ('y' �LO(T�T� © ESDI' ® [I En i_�_U.l t I ►Iq 0 12 17 21 20 36dividuall and as executor ofY the last will and testament of DANIEL A. FOGARTY, JR. , late of who died on the 26th day of June nineteen hundred and ninety-three party of the first part, and AMERICAN TAP & TOOL CORP. , a New York Corporation with offices at Building 150, Suffolk County Airport, Westhampton, New York party of the second part, WITNESSETH,that the party of the first part, to whom letters testamentary were issued by the Surrogate's Court, Suffolk County, New York on October 8, 1993 and by virtue of the power and authority given in and by said last will and testament, and/or by Article 11 of the Estates, Powers and Trusts Law, and in consideration of One Dollar and other gDod and valusUle casidemtim imluling but not l irm t ed to the release aril disd� of any arrl all debts, claims, liabilities arra dararls ar2sing in or art of the camoLidated mxb9agBd&1hW, hereinafter set forth or arising * paid by the party of the second part, does hereby grant and release unto the party of the second part, the distributees or successors and assigns of the party of the second part forever, *cut of tj-e cWjXSI ip of the prentses ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the at Mattituck, Town of Southold, County of Suffolk and State of New York, bounded and described as follows : BEGINNING at a point on the southerly side of Sound Avenue, distant 90 feet more or less easterly from the corner formed by the intersection of the southerly side of Sound Avenue and the Easterly side of Walnut Avenue; said point also being where the division line of premises herein described and land now or formerly of Walter R. Wells intersects the southerly side of Sound Avenue; RUNNING THENCE North 77 degrees 05 minutes 40 seconds TAX MAP East along the southerly side of Sound Avenue, 110 feet to land DESIGNATION now or formerly of Agway, Inc . D"1 1000 THENCE along said land, seg. 142.00 (1) South 31 degrees 33 minutes 40 seconds East 200 BIL 01.00 feet; ( 2) South 77 degrees 05 minutes 40 seconds West 110 Lo111 019.00 feet; ( 3) North 31 degrees 33 minutes 40 seconds West 20 feet; (4) South 64 degrees 49 minutes 05 seconds West 40 feet to land now or formerly of Walter R. Wells; THENCE along saidlandNorth 18 degrees 48 minutes 10 seconds West 180 feet to the southerly side of Sound Avenue and the point or place of BEGINNING. �q ( Sh RECvRDED DEC 2 1993 arcOFS'W"F MUM Subject to a mortgage ,equitably owned by the second party, dated the 4th day of January, 1984 made by Daniel A. Fogarty, Jr . to the North Fork Bank & Trust Company in the principal sum of $61 ,200.00 and recorded on the 18th day of January, 1984 in Liber 9922 of Mortgages, page 144 in the Office of the Clerk of the County of Suffolk; which mortgage was extended by agreement dated June 15, 1987, and recorded in the Office of the Clerk of the County of Suffolk on July 15, 1987 in Liber 13101 mp 90; and which mortgage was consolidated and extended with a mortgage dated January 9, 1990 in the principal 'sum of $98, 000.97 and recorded in the Office of the Clerk of the _ County of Suffolk on January 23, 1990 in Liber :15726 mp 170, which mortgages were consolidated into a single first mortgage in the principal sum of $150, 000.00, and which mortgage was assigned to American Tap & Tool Corp. by assignment dated September 15, 1993 and duly recorded in the Suffolk County Clerk ' s Office, and which mortgage was further re-assigned to North Fork Bank, as collateral security for payment of a separate debt by assignment dated September 15, 1993 and duly recorded in the Suffolk County Clerk ' s Office, on which there remains an unpaid principal balance of $142, 729.91 together with accrued interest. The aforesaid consolidated mortgage is in default and this deed is given in lieu of foreclosure. :,rte -- - - -=� ,�... .. - - r• ,.� � ; RECORDED DEC 2 1943 Qac OF%'"FOOK ca NrY V }