HomeMy WebLinkAboutL 11517 P 76 J CONSULT YOUR LAWYER BEFORE SIOLNNO THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
11517P60076
TMS INDE URE, made the 4,th day of August nineteen hundred and nine".;eye...
BETWEEN JOHN R. DEMPSEY, residing at Smith Road, Peconic, New York
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party of the first part, and
THE SUFFOLK COUNTY NATIONAL BANK, 244 Old Country Road, Riverhead,
New York and having its principal offic at 6 West Second Street,
Riverhead, New York 11901
7.
party of the second part,
WITNESSETH, that the party of the first part, in consideration of ten dollars paid by the party of the second
part, does hereby remise, release and quitclai n unto the party of the second part, the heirs or successors and
assigns of the party of the second part forever,
DISTRICT: ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate,
1000 lying and being imdbbec at Nassau Point, in the Town of Southold, Suffolk County, New
York known and designated as a part of Lot 285, and all of Lot 286 as shown on a
SE TION: certain map entitled, "AMENDED MAP A OF NASSAU POINT", filed in the Office of the
104,fD Clerk of the County of Suffolk on August 16, 1922 as Map #156, said Lot and part
of Lot is more particularly bounded and described as follows: BEGINNING at
BLOCK: a point on the south easterly side of Broadwaters Road said point being where the
11,0'D division line between Lots 286 and 187 on aforesaid map, intersects the said south
easterly side of Broadwaters Road and from said point of beginning. RUNNING THENCE
LOT: South 40` 00' 10" East along said division line 361.48 feet; THENCE South 51` 40'
kn 0 40" West 76.50 feet; THENCE North 49. 54' 20" West 351.0 feet to the southeasterly
side of Broadwaters Road; RUNNING THENCE easterly along the southeasterly side of
Broadwaters Road the following two tie line courses and distances: 1) North 30`
47' 40" East 49.32 feet; 2) North 51` 39' 20" East 90.25 feet to the point or placC
of BEGINNING.
�•SI r IT BEING the intention of the parties that, a:certain mortgage dated June 24,
•' 1988 made by the party of the first part, as mortgagor, to the party'`of the
second part, as mortgagee, shall not merge into the fee interest conveyed hereby,
but that such mortgage shall remain as a good and valid mortgage, separate and
plot'• apart from any other interest of the party of the second part in the fee.
THIS DEID is an absolute conveyance of title, in effect as well as form, and it
not intended as a mortgage, trust conveyance or security of any kind. The con-
sideration therefor is the full release of the party of the first part from all
debts, bonds, notes, obligation, costs and charges, if any, heretofore subsisting
on account and by the terms of the aforementioned mortgage, and by acceptance of
this deed the party of the second part automatically grants such release.
*and DIANM M. DEMPSEY, residing at Inwood Road, Port Washington, New
York,who conveyed all of her right, title and interest in and to the above-
scribed property to the party of the first part by quitclaim deed dated July 31,
1992.
TOGETHER with all right, title and interest, if any, of the party of the first part in and to any 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 die second part forever.
AND the party of the first part, in compliance with Section 13 of the Lien Law, hereby covenants that the party
` of the first part will receive the consideration for this conveyance and will hold the right to receive such consid-
eration as a trust fluid to be applied first for the purpose of paying the cost of the improvement and will apply
the.same first to.the:paly:ueut gf�,L1:9.cost of the improvement before using any part of the total of the same for
any„other, purpose..` ;
They.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 day and year first above
written.
1\JJ IN FEFSENCE OF: \
RE cI �� JO DEYIPSEY
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RECORDED AUG 11 1992nWfiD P.F0ooeurr