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(� { I EGEI'YF-6
j' THIS INDENTURE n I�iE
made this 10th day of March 199
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Between ' u r y
MRO a-tet
LAND, INC.�Debtor, Case No. BK-91-5243-TS, United States Bankruptcy Court for the Western District of
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Oklahoma, party of the first part, and MATTTTUCK MARINE ASP CORP.party of the second part,
Witnesseth that the party of the first part, in consideration of TEN DOLLARS ($10), lawful money of the
United States, and other valuable consideration,paid by the party of the second part, and pursuant to the order of
the United States Bankruptcy Court issued under authority of 11 U.S.C. Sec. 363(b)(1)and entered February 26,
1992, does hereby remise, release and quitclaim unto the parry of the second part, the successors and assigns of
the parry of the second part forer, all
7 2 17
21
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SEE EXHIBIT "A" ATTACHED HERETO
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The party of the first part hereby delivers this Quit Claim Deed pursuant to and in accordance with that
certain Order Granting Debtors' Motion to Compromise Controversies andfor Approval of Settlement Agreement
1)1STRIC7
among the Debtors, the Trustee, Citibank,N.A.,the Oficial Unsecured Creditors Committee and Used Boat Haven,
IM2 /7FCo�'Jc�� 3f iJ�v i�/ Li9F:L i /Yf 1��7fd ✓ `fort
Inc. entered February 26, 1992, by the Bankruptcy Court`r " THE
5'cCTIOM
) �ao PARTY OF THE FIRST PART MAKES NO WARRANTY, EXPRESS OR IMPLIED, OF TITLE,
FLOCK MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND THE SUBJECT PROPERTY IS
_121VQ12 CONVEYED "AS IS"AND "WITH ALL FAULTS.'
LOT
TO Have And To Hold the above described property unto the parry of the second part, the party of
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the second part's successors and assigns,forever, SUBJECT TO thefo[lowing encumbrances: (i)ad valorem tares;
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(ii)existing liens filed of record, including,but not limited to those liens more particularly described at Exhibit "C"
attached hereto, if applicable;(iii)existing zoning ordinances, restrictions, rights-of-way or easements of any kind;
1� )ro, (iv)mineral interest or rights previously reserved or recorded of record;and (v)any claims for loss,liability, costs,
expense or damage arising out of or relating to any applicable federal, state or local law, statute, ordinance, or
APR 241992
regulation pertaining to health,industrial hygiene or the environmental conditions on, under or through the subject
property.
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
consideration as a trust fund to be applied firstfor 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 except as otherwise provided by Federal Bankruptcy Law.
!,`' 1,,( � The word "parry"shall be construed as it if read "parties"whenever the sense of this indenture so requires.
A 1 RECORDED
OR 2� 1992 aEc of 'oo NTY leo a t, .✓y ion<r
x ,� !/Es✓yLE' G'et�itlris.✓r 100 fAraz 140A-9, ' A 0';'- v r,eK i/7rFj
11456PG036
SCHEDULE A (Description)
PAP 1280711
i
All that certain plot, piece or parcel of land,with the buildings and improvements thereon erected, situate,
lying and being at Mattituck, Town of Southold, County of Suffolk and
State of New York, bounded and described as follows:
BEGINNING at a point which is located the following courses
and"distances from the corner formed by the intersection of
the westerly side of Camp Mineola Road (Private Road) with
the southerly side of graus Road, viz: ( 1) South 14 degrees
35 minutes East 387.60 feet; (2) along the northerly side of
a 50 ' foot right of way, South 75 degrees 25 minutes West,
'I 200 feet; (3) along the westerly side*of said 50 foot right
of way, South 14 degrees 35 minutes East,320 feet; (4)
along the northerly side of said 50 foot right of way, South
75 degrees 25 minutes West 201.52 feet to the true point of
beginning and from said pont of beginning;
RUNNING
THENCE alongthe northwesterly and westerly sides of
said 50 foot right of way the following two courses and
distances:
(1) South 32 degrees 45 minutes 40 seconds West 169 .94 feet;
(2) South 49 degrees 56 minutes 40 seconds West, 67 .18 feet
to other land now or formerly of Strong;
RUNNING THENCE along said land North 04 degrees 03 minutes
20 seconds West 146 .17 feet to land now or formerly of
Zebroski;
THENCE along said last mentioned land the following three
courses and distances:
( 1) North 35 degrees 19 minutes 00 seconds East, 119 .46 feet;
(2) North 44 degrees 10 minutes 10 seconds East, 160.96 feet;
(3) North 57 degrees 21 minutes 20 seconds East, 20 .51 feet to
land now or formerly of Rreh at a point North 14 degrees
35 minutes 00 seconds West, 154.72 feet from the point of
beginning;
RUNNING THENCE along said land South 14 degrees 35 minutes 00
seconds East 154.72 feet to the point of place of BEGINNING.
-continued-
RECORDED APR 27 1192 arc FuFFOLK COUNTY