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Home My WebLink AboutL 11858 P 32 Sunda,d N.Y.g.T.U.Forn BOOB Qw,<Inm Deed-1.dmdu4 or Corpao,ion(eingle,heer( 1: CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS O:. l} _, THIS INDENTURE, trade the / — day of August nineteen hundred and ninety-seven G!' BETWEEN TOWN OF SOUTHOLD, a municipal corporation having its offices at 53095 Main Road, P.O. Box 1179, Southold, New York 11971 party of the first part, and Walsh Park Benevolent Corporation, a non-profit corporation, have its offices at P.O. Box 684, Fishers Island, New York 06390 P1a.� Uti4�(a S� 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 rethise, release and quitclaim 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, lying and being in the SEE ATTACHED DESCRIPTION AND COVENANTS ,/ � a 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 descri')ed 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 thelpremises 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,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 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 WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. IN rznzmCE or: � Cocom_ J n W. Cochran, Supervisor : 11858 K 032 DESCRIPTION AND COVENANTS ALL, that certain plot, piece or parcel of land with any buildings and improvements thereon erected, situate, lying and being in the Town of Southold, County of Suffolk and State of New York, and acquired by Tax Deed on March 5, 1996, from John C. Cochrane, the County Treasurer of Suffolk County, New York, and recorded on March 12, 1996, in Liber 11765, CP 660, and otherwise known as and by Town of Southold, Prop on Fishers Island, P/O B Map No. 242 Filed in the Office of the Suffolk County Clerk, January 2, 1915, FURTHER, notwithstanding the above description, it is the intention of this conveyance to give title only to such property as was acquired by the County of Suffolk by Tax Deed on March 5, 1996 from John C. Cochrane, the County Treasurer of Suffolk County, New York and recorded on march 12, 1996 in Liber 19765, CP 660, PROVIDED, however, that the party of the second part, will be restricted in its use of the subject premises and will use said premises solely and exclusively for affordable housing purposes; with all right, title, and interest reverting 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 attempts to use said subject premises for other than affordable housing purposes, in accordance with the approved plan submitted by the party of the second part. The reverter clauses contained herein shall apply to the grantee, or any 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 uncle §402 of the Not- For-Profit Corporation Law for affordable housing purposes. SUBJECT to the condition that neither the Grantee nor any Municipality shall bill or charge back to Grantor,any cost incurred or projected to be incurred for the cleaning up of any debris on said property. In the event that such charge back or bill is rendered to the Grantor this Deed shall be void ab initio and the realty shall revert to the Grantor. It is intended and agreed that the agreements and covenants herein shall be covenants running with the land and that they shall, in any event, and without regard to technical classification or designation, legal or otherwise, and except only as specifically provided herein, be to the full extent permitted by law, binding for the benefit and in favor of, and enforceable by, the party of the first part. It is further understood that such agreements and covenants shall be binding only upon the party of the second part, it be a municipality or any assignee of the party of the second part, formed under Article XIX of the Private Housing Finance Law of the State of New York or any affordable housing corporation created under Article 15A and 15B of the General Municipal Law of the State of New York, or any not-for-profit corporation formed under §402 of the Not-For-Profit-Corporation Law for affordable housing purposes, respectively, only for such period as they shall have title to or an interest in or possession of the pror)ertv or nart thereof. S 1 11858 032 ET [fl10449 er° Number of pages REAL ESTATEcnj --i TORRENS OCT 2 11907 q Serial# r-rnt� r%3n TRAM"TAX ;r�=j SUFFOLK c X 7' Certificate# OOUY o-n M -rl Prior Ctf.# 10449 =c o 01 m Died/Mortgage Instrument Deed/Mortgage Tax Stamp Recording/Filing Stamps 4r, FEES Page/Filing Fee Mortgage AML Handling 1. Basic Tax TP-594 2. Additional Tax Notation Sub Total EA-5217(County) Sub Total SpecJAssiL or EA-5217(State) Spec./Add. _ R.P.T.S.A, /S._ TOT.MTG.TAX — Comm.of Ed. 5 . 00 0 Dual Town Dual County Held for Apportionment Affidavit Transfer Tax Certified Copy �� Mansion Tax _ The property covered by this mortgage is or Reg.Copy will be improved by a one or two family Sub Total dwelling only. YES or Other If NO, see appropriate taxclauseon page # GRAND TOTAL --1 of this instrument. S` Real Property Tax Service Agency Verification 61 Title Company Information Dist. Section Block Lot d'dDO -6 Company ame o ao 9�t e Title Number Initial FEE PAID BY: Cash Check Charge Payer same as R&R (or if different) NAME: - `,yI ADDRESS: RECORD& RETURN TO 7 (ADDRESS) 9 Suffolk County Recording Endorsement Page This page forms part of the attached made by: �p (SPECIFY TYPE OF INSTRUMENT) L✓ The premises herein is situated in SUFFOLK COUNTY,NEW YORK. ,y TO In the Township of In the VILLAGE or HAMLET of BOXES 5 THRU 9 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO RECORDING OR FILING.