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CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT-THIS INSTRUMENT SHOULD BE USED EY LAWYERS ONLY
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THIS INDENTURE, made the 2`_ith day of July, nineteen hundred and ninety—six
BETWEEN
LLOYD E. TERRY, residing at 36205 Main Road, Orient, New York 11957
party of the first part, and
FREDERICK LLOYD TERRY, residing at Main Road, Orient, New York 11957
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Party o the seconP
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
ps.lccgsstoors and assigns of the party of the second part forever, a fourteen (14%) percent interest
AnLL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate,
DIST. lying,and being in-the at Orient, Town of Southold, Suffolk County, New York, bounded
northerly by Main Road (NYS Route 25) , westerly by lands now or formerly of
1000 Edward Latham, easterly by lands now or formerly of Koraleski and Latham
Brothers and southerly by Meadowland.
This conveyance of a fourteen (14%) percent interest in the above-described
SECT. parcel of real property, together with a certain conveyance made on December 15,
1995 from Lloyd E. Terry, party of the first part, to Frederick Lloyd Terry,
019.00 party of the second part, constitutes ownership of the above-described premises
as follows: Lloyd E. Terry owns a thirty-six (36%) percent interest in said
property and Frederick Lloyd Terry owns a sixty-four (64%) percent interest
BLOCS in said property, as tenants in ccmmn without right of survivorship.
BEING AND INTENDED TO BE the same premises conveyed to the party of the
01.00 first part by deed dated Decenber 8, 1975 and recorded at the office of
the Clerk of the County of Suffolk on December 17, 1975 in Liber 7960 of
conveyances at Page 262.
LOT
008.004
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 abdve 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 of the first part covenants that the party of the first part has not done or suffered anything
whereby the said premises 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-
eration 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
arty other purpose.
The word "party" shall be construed as if it read "parties" whenever the sense of this indentpre so requires.
114 WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above
written.
IN PRESEN CE OF:
L oy�. Terr7y �
EDWARD P.ROMAINE
RECORDED JUL 31 1996 CLERK OF SUFFOLK COUNTY