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HomeMy WebLinkAboutL 11716 P 438 Forte 8007`8-88 SM—Bargain and Salo need, with Oavon ant agai ant 11 ranter's Acts—Ind iv id a al or CorOo ration.`( CONSULT YOUR LAWYER BEFORE !dGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. N.Y.S. Transfer Tax $134. 00 THIS INDENTURE, made the 16th day of February , nineteen hundred and ninety-five BETWEEN DREW A. KAELIN f/k/a DREW A. WALKER, residing at 5405 Beretta ( I -Mfi Way, Wilmington, North Carolina 26409 14 ��(� DISTRICT SECTION BLOCK LOT FMmmm ® ® 0 12 17 21 2D party of the first part, and EMANUEL POLICHRONAKIS, residing at 211 East 35th Street, Apt. 6A, New York, New York 10016 and STEVE POLYCHRONAKIS, residing at 3805 31st Avenue, Long Island City, New York 11103 party of the second part, WITNESSETH, that the party of the first part, in consideration of TEN and 00/100---------- ---------------------- ($10. 00)----r---------------------------dollars, lawful money of the United States, 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 or successors and assigns of the party of the second part forever, ALL. that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, .a 'lying and being*xlkzat East Marion, Town of Southold, County_ of Suffolk and State of New York, known and designated as Lot No. 3 on a certain map entitled""Map of Aquaview Park at East Marion, Town of Southold, Suffolk County, New York" , filed in the Office of the Clerk of the County of Suffolk on July 30, 1971 as Map No. 5621. TOGETHER WITH a right of way in common with others from Aquaview Avenue to Long Island Sound over a private roadway presently owned by Aquaview Property Owners Association, Inc. and described in Liber 5180 of Deeds page 203. BEING AND INTENDED TO BE the same premises conveyed to the party of the first part by deed dated January 30, 1987 and recorded 1',\X`IA1' in the Suffolk County Clerk' s Office on February 6 , 1987 in Liber DE`1G1,y1X1 ION 10242 Page 422. ui,t. 10 0 0 This conveyance is subject to certain mortgages made by Drew A. ,,,,. 021. 00 Walker, as mortgagor and North Fork Bank, as mortgagee, which mortgages were consolidated, modified and extended by a certain iq, 03 . 00 Consolidation, Extension and Modification Agreement dated July 1 , 1994 and recorded in the Suffolk County Clerk' s Office on July 12 , x , 1994 in Liber 18844 Page 843, in the amount of $105,000. 00 and 028 . 000 there is now due and owing the sum of $104,105. 69 for principal plus interest at the current rate of five (58) percent. The party of the second part hereby agrees to assume the above-described mortgages and the party of the second part hereby covenants to pay the principal and interest on said mortgage in accord with the terms and conditions thereof. -- EDWARD P.ROMAINE RECORDED FEB 28 1995 CLERK OF SUFFOLK COLWV 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 the second part forever. 1 1 1 AI4D 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 incumbered'in any way whatever, except as aforesaid. I 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 any other purpose. The word "party" shall be construed as if it read "parties:' whenever the sense of this indenture so requires. IN WITNFM WHEREOF, the party of the first part has duly executed this deed the day and year first above written. 1 I IN PRESENCE OF: Drew K lin f/k/a Dr w A. Walker manuel Polichronakis ' Steve Po ychron cis RECORDED FEB a 1995 «�KOFSUF ►'