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�� day f / "oeteea hundred and ninety-4p
'liiHl$iNDEN7'[JftE.made the o '
/ $EZ'{�IW the TOWN OF SOUTHOLD, a municipal corporation of the State of New New York,
Southold,
County of Suffolk, having its principal office at 53095 MainRoad,
York 11971,
DISTRICT SEGTiOAI BLOCK
\ party of the first per, and the NORTH FORK HOUSING ALLIANCE, having. its principal office
at 18 South Street, Greenport, New York 11944,
1 °� I ,r IvhFd3N
1 4
1�AX _
party of the second part,
(� WITNESSEM that the Party of the first part,in consideration of Yl e dol lay-
dollars,
1� 666 paid
r lawful money of the United States,
V by the party of the second part, does hereby remise, release and quitclaim unto the party of the second part,
• I the heirs or successors and assigns of the party of the second part forever'
•`�Oyg�
ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate,
lying and being in the Town of Southold, County of Suffolk and State of New York, and
m the County of Suffolk, New York, and
acquired by Tax Deed on April 5, 1989, fro
DISTRICP recorded on April 5, 1989 in Liber 10830, Page 34, and otherwise known as and by
1000 Town of Southold Sch Dist 9 N-V Todrick E-Agway Inc. S-Oak P1 W-Joel Nine,
.•,i SECPION FURTHER, notwithstanding the above description, it is the intention of this
142.00 conveyance to give title only to such property as was acquired by tNeTown
f
York, and
Southold by Tax Deed on April 5, 1989, from the County of Suffolk,
BLACK recorded on April 5, 1989 in Liber 10830, Page 34.
01 .00
PROVIDED, however, that the party of the second part, will be restricted in its
rAT use of the subject premises and will use said premises solely and exclusively
012.000 for affordable housing purposes; all right, title, and interest will revert to
the party of the first part, at the sole option of the 'party of the first part,
in the event that the party of the second part, at any time uses or
at
to
use said subject premises for other than affordable housing purposes, in
accordance with the approved plan submitted by the
toparty
the grantee9eornanypart.
The reverter clauses contained herein shall apply
transferee from the grantee formed pursuant to Article XIX - Affordable Home
Ownership Development Program of the Private Housing Finance Law of the State of
New York, or a not-for-profit corporation formed under §402 of the
Not-for-Profit Corporation Law for affordable housing purposes.
Additionally, if any one or more of the following occurs, the property secured
by this deed shall revert as hereinbefore set forth:
1. If the party of the second part fails to construct or complete construction
of affordable housing unit or units on said property within three (3) years
the date of this deed;
1) TF - �„ F rr> eoennA Hart sells or otherwise transfers an affordable
y P �" )tal annual household
RECORDED
n O e MAR 1g 1992MAW OF•N9=� _s for non-targeted
v v ..mow yvL'KMOL'Cg av-
_ e Housing Program for
.._ .. _ __ ..�___�
Suffolk County;