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HomeMy WebLinkAboutConway Estate 1000-54.-7-21.7 MELISSA A. SPIRO LAND PRESERVATION COORDINATOR rneiissa.spiro @ town.southold.ny.us Telephone (631 ) 765-5711 Facsimile (631 ) 765-6640 OFFICE LOCATION: Town Hall Annex 54375 State Route 25 (comer of Main Road & Youngs Avenue) Southold, New York MAILING ADDRESS: P.O. Box 1179 Southold, NY 11971-0959 DEPARTMENT OF LAND PRESERVATION TOWN OF SOUTHOLD To: From: Date: Re: Elizabeth A. Neville Town Clerk Melanie Doroski Sr. Administrative Assistant September 22,2011 CONWAY ESTATE to TOWN OF SOUTHOLD Development Rights Easement - 28.9932 acres SCTM #: part of t000-54.-7-21.7 Location: 4395 Horton Lane, Southold Betty: Enclosed for safekeeping in your office, please find the following documents: · Suffolk County Clerk Records Office Recording Page · Suffolk County Recording & Endorsement Page · Original Grant of Development Rights Easement dated August 3, 2011, between Joseph A. Conway, individually and as Co-Executor of the Estate of Julia D. Conway, and Robert J. Conway, as Co-Executor of the Estate of Julia D Conway, and Joseph A. Conway and Robert J. Conway as Co-Trustees of the Testamentary Trust of Joseph M. Conway and the Town of Southold, recorded in the Suffolk County Clerk's office on 8/16/2011, in Liber D00012668 at Page 570 · Original title insurance policy #27-031-06-33-54792 issued by Fidelity Title Insurance Company on August 3, 2011, in the insured amount of $1,812,075.00 (title #F10-7404- 80567SUFF) · Closing Statement Thank you. Melanie encs. cc: Assessors w/copy of recorded easement & survey map SUFFOLK COUNTY CLERK RECORDS OFFICE RECORDING PAGE T~lOe of Instrument: EASEMENT Number of Pages: 28 Receipt Number : 11-0091902 TRANSFER TAX NUMBER: 11-01185 District: 1000 Deed Amount: Recorded: At: LIBER: PAGE: Section: Block: 054.00 07.00 EXAMINED AND CHARGED AS FOLLOWS $1,812,075.00 Received the Following Fees For Above Instrument Exempt Page/Filing $140.00 NO Handling COE $5.00 NO NYS SRCHG TP-584 $5.00 NO Notation Cert. Copies $0.00 NO RPT Transfer tax $0.00 NO Comm. Pres Fees Paid TRANSFER TAX NUMBER: 11-01185 THIS PAGE IS A PART OF THE INSTRUMENT THIS IS NOT A BILL PRESERVATION JUDITH A. PASCALE County Clerk, Suffolk County 08/16/2011 04:01:59 PM D00012668 570 Lot: 021. 007 Exempt $20.00 NO $15.00 NO $0.00 NO $30.00 NO $0.00 NO $215.00 ,Number of pages This document will be public record. Please remove all Social Security Numbers prior to recording. Deed / Mortgage Instrument Page/Filing Fee / (p(p . '" Handling (~ 00 TP-584 _ ,: J Notation EA-52 17 (County) EA-5217 (State) ~ R.P.T.S.A. ~/¢0 - Comm. of Ed. 5. 00 Affidavit Certified Copy NYS Surcharge 15. 00 Other Deed / Mortgage Tax Stamp 4 [ Dist./d00 Real Property Tax Service Agency Verification FEES 6 11017210 iooo os400 0700 021007 RECORDE[:, 20ii Auq 16 · JU[:4TH A. F'ASCALE C:LERK OF 9JFFOLK L':OUH T'-/ L [:'000i 266E; F' .J~ 0 I'~'~ording / Filing Stamps Mo-r~'~gage Amt. 1. Basic Tax 2. Additional Tax Sub Total Spec./Assit. or Spec./Add. TOT. MTG. TAX Dual Town _. Dual County __ Held for Appointment Transfer Tax Mansion Tax The property covered by this mortgage is or will be improved by a one or two family dwelling only. YES or NO _. If NO, see appropriate tax clause on Sub Total_ ~ - page # of this instmme!fit ~ 5 I Community " Prese~atio~ ~nd * Improved Vacant Land TD TD Satisfactions/Discharges/Releases List Property Owners Mailing Address RECORD & RETURN TO: Mail to: Judith A. Pascale, Suffolk County Clerk 310 Center Drive, Riverhead, NY 11901 www-suffolkcountyny, gov/clerk 8 [~-~itle Company Information L Tide ~ ~/~ Suffolk CountjcRecordin ndorsement Pa egg__ made by: This page forms part of the attached ~(-~/VT- oF' ~q~ . /(~ ~ ~/~ .~ . ~tl~ E~c~ (SPEC~YTYPEOF~STRUME~W~ _~¢,4m o~ 4oz/~ ,¢, ~04~ *m~ The premises herein is situated in ~ ~m~y ~?~ ~S~ ~ t~w~ SUFFOLK COUNTY, NEW YORK. TO In the TOWN of / OZOA/ ~F ~Oq~ In the VILLAGE or H~LET of BOXES 6 THRU 8 MUST BE TYPED OR PRINTED ~ BLACK ~K O~Y P~OR TO RECO~ING OR F~G. IMPORTANT NOTICE ' If the document you've just recorded is your SATISFACTION OF MORTGAI'-~% please be aware of the following: If a portion of your monthly mortgage payment included your property taxes, *you will now need to contact your local Town Tax Receiver so that you may be billed directly for all future property tax statements. Local property taxes are payable twice a year: on or before January 10~ and on or before May 31". Failure to make payments in a timely fashion could result in a penalty. Please contact your local Town Tax Receiver with any questions regarding property tax payment. Babylon Town Receiver of Taxes 200 East Sunrise Highway North Lindenhurst, N.Y. 11757 (631) 957-3004 Riverhead Town Receiver of Taxes 200 Howell Avenue Riverhead, N.Y. 11901 (631) 727-3200 Brookhaven Town Receiver of Taxes One Independence Hill Farmingville, N.Y. 1 I738 (631) 451-9009 Shelter Island Town Receiver of Taxes Shelter Island Town Hall Shelter Island, N.Y. 11964 (631) 749-3338 East Hampton Town Receiver of Taxes 300 Pantigo Place East Hampton, N.Y. 11937 (631) 324-2770 Smithtown Town Receiver of Taxes 99 West Main Street Smithtown, N.Y. 11787 (631) 360-7610 Huntington Town Receiver of Taxes 100 Main Street Huntington, N.Y. 11743 (631) 351-3217 Southampton Town Receiver of Taxes 116 Hampton Road Southampton, N.Y. 11968 (631) 283-6514 Islip Town Receiver of Taxes 40 Nassau Avenue Islip, N.Y. 11751 (631) 224-5580 Southold Town Receiver of Taxes 53095 Main Street Southold, N.Y. 11971 (631) 765-1803 Sincerely, Judith A. Pascale Suffolk County Clerk 12-0104.. 06/06kd GRANT OF DEVELOPMENT RIGHTS EASEMENT THIS GRANT OF DEVELOPMENT RIGHTS EASEMENT is made on the ,_'~/~- day of August, 2011 at Southold, New York. The parties are Joseph A. Conway, 6005 Morton Lane, Southold, New York 11971 individually and as Co-Executor of the ESTATE OF JULIA D. CONWAY, and Robert ]. Conway, 11527 Savannah Lakes Drive, Parrish, Florida 34219 as Co-Executor of the ESTATE OF JULIA D. CONWAY, as to 50% interest, and Joseph A. Conway, 6005 Horton Lane, Southold, New York 11971 and Robert ]. Conway, 11527 Savannah Lakes Drive, Parrish, Florida 34219 as Co-Trustees of the Testamentary Trust of Joseph M. Conway, as to 50% interest (herein collectively called "Grantor"), and the TOWN OF SOUTHOLD, a municipal corporation, having its principal office at 53095 Main Road, P.O. Box 1179, Southold, New York 11971 (herein called "Grantee"). INTRODUCTION WHEREAS, Grantor is the owner in fee simple of certain real property located in the Town of Southold, Suffolk County, New York, identified as part of SCTM #1000-54-7-21.4 (formerly known as SCTM #1000-54-7-21.1) more fully described in SCHEDULE "A" attached hereto and made a part hereof and hereinafter referred to as the "Property" and shown on the survey prepared by Peconic Surveyors, P.C., dated August 1, 2001 and last revised June 3, 2011 (a reduced copy of which is attached hereto and made a part hereof and hereinafter referred to as the "Survey"); and WHEREAS, the Property is located in the A-C Zoning District of the Town of Southold; and WHEREAS, the Property contains soils classified as Class I and Class II worthy of conservation as identified by the United States Department of Agriculture Soil Conservation Service's Soil Survey of Suffolk County, New York; and WHEREAS, the Property is part of the New York State Agricultural District #1, and the Grantor wishes to continue using the Property for agricultural production as defined in this Easement; and WHEREAS, the Property is currently used for sod production; and WHEREAS, it is the policy of the Town of Southold (the "Town"), as articulated in the Town's Master Plan of 1973, amended in 1986 and 1989 as adopted by the Town Board, Town of Southold, and §272-a of the New York State Town Law ("Town Law") to protect environmentally sensitive areas, preserve prime agricultural soils, to protect the scenic, open space character of the Town and to protect the Town's resort and agricultural economy; and WHEREAS, the Property in its present scenic and agricultural condition has substantial and significant value as an aesthetic and agricultural resource since it has not been subject to any substantial development; and WHEREAS, Grantor and Grantee recognize the value and special character of the region in which the Property is located, and Grantor and Grantee have, in common, the purpose and objective of protecting and conserving the present state and inherent, tangible and intangible values of the Property as an aesthetic, natural, scenic and agricultural resource; and WHEREAS, Grantee has determined it to be desirable and beneficial and has requested Grantor, for itself and its successors and assigns, to grant a Development Rights Easement to Grantee in order to restrict the further development of the Property while permitting compatible uses thereof; NOW THEREFORE, in consideration of ONE N:[LL]~ON EIGHT HUNDRED TWELVE THOUSAND SEVENTY-F:[VE AND 00/100 DOLLARS ($1,812,075.00) and other good and valuable consideration paid to the Grantor, the receipt of which is hereby acknowledged, the Grantor does hereby grant, transfer, bargain, sell and convey to the Grantee a Development Rights Easement, in gross, which shall be binding upon and shall restrict the premises shown and designated as the Property herein, more particularly bounded and described on Schedule "A" annexed hereto and made a part of this instrument. TO HAVEAND TO HOLD said Development Rights Easement and the rights and interests in connection with it and as hereinafter set forth with respect to the Property unto the Grantee, its successors and assigns forever, reserving, however, for the direct use and benefit of the Grantor, its legal representatives, successors and assigns, the fee title to the property, and the exclusive right of occupancy and of use of the Property, subject to the limitations, condition, covenants, agreements, provisions and use restrictions hereinafter set forth, which shall constitute and shall be servitudes upon and with respect to the Property. The Grantor, for itself, and for and on behalf of its legal representatives, successors and assigns, hereby covenants and agrees as follows: 0.01 Grantor's Warranty Grantor warrants and represents to the Grantee that Grantor is the owner of the Property described in Schedule A, free of any mortgages or liens, and possesses the right to grant this easement. 0.02 Grantee's Status Grantee warrants and represents to Grantor that Grantee is a municipal corporation organized and existing under the laws of the State of New York State and is authorized under {}64 of Town Law and {}247 of the New York State General Municipal Law ("General Municipal Law") to acquire fee title or lesser interests in land, including development rights, easements, covenants, and other contractual rights which may be necessary or desirable for the preservation and retention of agricultural lands, open spaces and natural or scenic resources. 0.03 Purpose The parties recognize the environmental, natural, scenic and agricultural values of the Property and have the common purpose of preserving these values by limiting nonagricultural uses of the Property. This instrument is intended to convey a Development Rights Easement on the Property by Grantor to Grantee, exclusively for the purpose of preserving its character in perpetuity for its environmental, natural, scenic and agricultural values by preventing the use or development of the Property for any purpose or in any manner contrary to the provisions hereof, in furtherance of federal, New York State and local conservation policies. 0.04 Governmental Recoqnition New York State has recognized the importance of private efforts to preserve rural land in a scenic, natural, and open condition through conservation restrictions by the enactment of General Municipal Law §247. Similar recognition by the federal government includes §170(h) of the Internal Revenue Code ("IRC") and other federal statutes. 0.05 Baseline Documentation Grantee acknowledges by acceptance of this Development Rights Easement that present uses of the Property are compatible with the purposes of this Easement. In order to aid in identifying and documenting the present condition of the Property's natural, scenic, agricultural, and aesthetic resources and otherwise to aid in identifying and documenting the Property's agricultural values as of the date hereof, to assist Grantor and Grantee with monitoring the uses and activities on the Property and ensuring compliance with the terms hereof, Grantee has prepared, with Grantor's cooperation, an inventory of the Property's relevant features and conditions (the "Baseline Documentation"). This Baseline Documentation includes, but need not be limited to, a survey dated August 1, 2001, last revised June 3, 2011 prepared by Peconic Surveyors, P.C., a Phase T Environmental Site Assessment dated December 13, 2010 by Cashin Technical Services, THC., a Phase T! Subsurface Soils Investigation dated May 11, 2011 by Cashin Technical Services, ]~nc.; correspondence dated ,luly 27, 2011 from Greg Menegio of Enviroscience Consultants, Inc. to Joseph Conway regarding soil remediation performed at the Property, and an aerial photograph dated 2004. Grantor and Grantee acknowledge and agree that in the event a controversy arises with respect to the nature and extent of the Grantor's uses of the Property or its physical condition as of the date hereof, the parties shall not be foreclosed from utilizing any other relevant or material documents, surveys, reports, photographs or other evidence to assist in the resolution of the controversy. 0.06 Recitation In consideration of the previously recited facts, mutual promises, undertakings, and forbearances contained in this Development Rights Easement, the parties agree upon its provisions, intending to be bound by it. ARTICLE ONE THE EASEMENT 1.01 Type This instrument conveys a Development Rights Easement (herein called the "Easement"). This Easement shall consist of the limitations, agreements, covenants, use restrictions, rights, terms, and conditions recited herein. Reference to this "Easement" or its "provisions" shall include any and all of those limitations, covenants, use restrictions, 4 rights, terms and conditions. 1.02 Definitions "Development Rights" shall mean the permanent legal interest and right to prohibit or restrict the use of the Property for uses or purposes consistent with the terms of this Easement, including agricultural production as that term is presently referenced in §247 of the General IVlunicipal Law and/or defined in Chapter 70 of the Town Code of the Town of Southold (the "Town Code" or "Code") now, or as said Chapter 70 may be amended, and including the production of crops, livestock and livestock products as defined in §301(2)(a)-(j) of the New York State Agriculture and Markets Law ("Agriculture and Markets Law"), now, or as said §301(2)(a)-(j) may be amended, provided said amended provisions are inherently similar in nature to those crops, livestock and livestock products included as of the date of this Easement. No future restrictions in said laws and/or Code or limitation in the definitions set forth in said laws and/or Code shall preclude a use that is permitted under the current law and/or Code. "Improvement" shall mean any addition to raw land, such as structures, fences, wells or drainage. "Riding Academy" shall mean a business use of a lot for any of the following purposes: the letting of horses for hire to individuals or groups whether supervised or unsupervised, horseback riding instruction or the holding of horse shows or other equine events. "Structure" shall mean anything constructed or erected on or under the ground or upon another structure or building, including walkways. Structures shall not include trellis, posts and wiring, farm roads, farm irrigation systems, nursery mats, or fencing necessary for agricultural operations or to mark the boundaries of the Property, including without limitation fencing to keep out predator animals, including deer. Approvals for those items listed in the preceding sentence shall be as required by applicable provisions of the Town Code. 1.03 Duration; Non-Merger This Easement, which easement shall not merge with the fee but shall remain as a good and valid easement, separate and apart from any other interest of the Grantee, and is to remain and continue as an existing and enforceable easement, shall be a burden upon and run with the Property in perpetuity. 1.04 Effect This Easement shall run with the Property as an incorporeal interest in the Property, and shall extend to and be binding upon Grantor, Grantor's agents, tenants, occupants, heirs, personal representatives, successors and assigns, and all other individuals and entities and provides Grantee with the right to administer, manage and enforce the Easement as provided herein. The word "Grantor" when used herein shall include all of those persons or entities. Any rights, obligations, and interests herein granted to Grantor and/or Grantee shall also be deemed granted to each and every one of its subsequent agents, successors, and assigns, and the word "Grantor" and/or "Grantee" when used herein shall include all of those persons or entities. ARTICLE TWO SALE GRANTOR, for ONE MILLION EIGHT HUNDRED TWELVE THOUSAND SEVENTY-FIVE AND 00/100 DOLLARS ($1,812,075.00) and such other good and valuable consideration, hereby grants, releases, and conveys to Grantee this Easement, in perpetuity, together with all rights to enforce it. Grantee hereby accepts this Easement in perpetuity, and undertakes to enforce it against Grantor. ARTICLE THREE PROHIBITED ACTS From and after the date of this Easement, the following acts, uses and practices shall be prohibited forever upon or within the Property: 3.01 Structures No structures may be erected or constructed on the Property except as permitted by the Southold Town Land Preservation Committee ("Land Preservation Committee") and other applicable provisions of the Town Code and Sections 1.02 and 4.06 of this Easement. 3.02 Excavation and Removal of Materials; Mining Mineral exploitation, and extraction of any mineral (including, but not limited to soil, gravel, sand and hydrocarbons) by any method, 6 surface or subsurface, is prohibited. Grantor shall not remove or fill topsoil, sand, or any other materials, nor shall the topography of the Property be changed except in connection with the construction and maintenance of any structure or improvement expressly permitted to be placed or constructed on the Property, under the terms herein. Grantor may remove topsoil, sand or other materials for purposes or erosion control and soil management only with the prior written approval of Grantee. The Land Preservation Committee has the right to require a Natural Resources Conservation Service (NRCS) farm management plan for the Property prior to the removal of topsoil, sand or other materials, based on the extent and type of materials removed or on the alteration of the topography of the Property. Agricultural practices that are determined to be in accordance with an NRSC farm management plan shall not be prohibited. 3.03 Subdivision Except as provided in this Section 3.03, the Property may not be further subdivided pursuant to Town Law {}{}265, 276 or 277 or §335 of the Real Property Law, as they may be amended, or any other applicable State or local law. "Subdivision" shall include the division of the portion of the Property from which the development rights are acquired into two or more parcels, in whole or in part. Grantor may, subject to approval by the Planning Board of the Town of Southold and as otherwise required by applicable law, subdivide the property, provided that all resulting parcels contain at least 10 acres of preserved agricultural land subject to a development rights easement or other conservation instrument. Such subdivision may not defect nor derogate from the purpose of this Easement or other applicable law. 3.04 Dumpinq The dumping or accumulation of unsightly or offensive materials including, but not limited to trash, garbage, sawdust, ashes or chemical waste on the Property shall be prohibited. This prohibition shall exclude materials used in the normal course of sound agricultural practices on the Property, including fertilization, composting and crop removal. 3.05 Signs The display of signs, billboards, or advertisements shall be prohibited, except signs whose placement, number, and design do not significantly diminish the scenic character of the Property and only for any of the following purposes: (a) to state the name of the Property and the names and addresses of the occupants and the character of the business conducted thereon, (b) to temporarily advertise the Property or any portion thereof for sale or rent, (c) to post the Property to control unauthorized entry or use, or (d) with the consent of the Grantor, to announce Grantee's easement. Signs are subject to regulatory requirements of the Town. 3.06 Utilities The creation or placement of overhead utility transmission lines, utility poles, wires, pipes, wells or drainage systems ("utilities") on the Property to service structures approved pursuant to {}4.06 shall be prohibited without the prior written consent of the Grantee. Underground utilities must, to the extent possible, be constructed within 30 feet of the centerline of any roads or driveways, and may be used solely to service the permitted structures on the Property. The Property may not be used for the creation or placement of utilities to service any other properties. 3.07 Prohibited Uses Except for uses specifically permitted by this Easement, the use of the Property or structures on it for any residential, commercial or industrial uses, permanent or temporary, including but not limited to a riding academy, shall be prohibited. For the purposes of this section, agricultural production, as that term is presently referenced in {}247 of the General IVlunicipal Law and/or defined in Chapter 70 of the Town Code, now, or as said Chapter 70 may be amended and including the production of crops, livestock and livestock products as defined in §301(2)(a)-(j) of the Agriculture and Markets Law, now, or as said §30:~(2)(a)-(j) may be amended, provided said amended provisions are inherently similar in nature to those crops, livestock and livestock products included as of the date of this Easement, shall not be considered a commercial use. Uses, improvements and activities permitted by the Town Code now or in the future on agricultural lands protected by a development rights easement or other instrument, including but not limited to farmstands, shall not be considered a commercial use. No improvements, uses or activities inconsistent with current or future agricultural production shall be permitted on the Property. Under no circumstances shall athletic fields, golf courses or ranges, commercial airstrips and helicopter pads, motorcross biking, or any other improvements or activity inconsistent with current or future agricultural production be permitted on the Property. 3.08 Soil and Water Any use or activity that causes or is likely to cause soil degradation or erosion or pollution of any surface or subsurface waters shall be prohibited. This prohibition shall not be construed as extending to agricultural operations and practices (including, without limitation, the use of agrochemicals such as fertilizers, pesticides, herbicides, and fungicides) that are in accordance with sound agricultural management practices of the Natural Resources Conservation Service ("NRCS"). 3.09 Drainage The use of the Property for a leaching or sewage disposal field shall be prohibited. The use of the Property for a drainage basin or sump shall be prohibited, except in accordance with sound agricultural management practices and in order to control flooding or soil erosion on the Property. 3.10 Development Riqhts The use of the acreage of this Property for purposes of calculating lot yield on any other Property shall be prohibited. Grantor hereby grants to Grantee all existing development rights (and any further development rights that may be created through a rezoning of the Property) on the Property, except for the right to construct, maintain and replace any pre-existing structures, and to construct new structures, as such rights may be provided in Section 4.06, and the parties agree that any other such development rights shall be terminated and extinguished and may not be used or transferred to any other parcels. ARTICLE FOUR GRANTOR'S R:[GHTS 4.01 Ownership 9 Subject to the provisions of ARTICLE THREE, Grantor shall retain all other rights of ownership in the Property, some of which are more particularly described in this ARTI~CLE FOUR. 4.02 Possession Grantor shall continue to have the right to exclusive possession of the Property. 4.03 Use Grantor shall have the right to use the Property in any manner and for any purpose consistent with and not prohibited by this Easement, as well as applicable local, State, or federal law. Grantor shall have the right to use the Property for uses, improvements and activities permitted by the Town Code, now or in the future, on agricultural lands protected by a development rights easement or other instrument, including, but not limited to farmstands and for educational or training programs related to agricultural production or activities. Grantor shall also have the right to use the Property for traditional private recreational uses, provided such recreational uses are conducted for the personal enjoyment of Grantor, are compatible with farming, and are otherwise consistent with and do not derogate from or defeat the Purpose of this Easement or other applicable law. These uses shall not be offered or provided for the commercial purposes, including the commercial gain of Grantor or others. 4.04 Landscapinq Activities Grantor shall have the right to continue the current and/or customary modes of landscaping, pruning and grounds maintenance on the Property as evidenced by the documentation set forth in Section 0.05. Grantor shall have the right to remove or restore trees, shrubs, or other vegetation when dead, diseased, decayed or damaged or interfering with agricultural production, to thin and prune trees to maintain or improve the appearance of the Property, and to mow the Property. 4.05 Agricultural Production and Activities Grantor shall have the right to engage in all types of agricultural production as the term is presently referenced in {}247 of the General Municipal Law and/or defined in Chapter 70 of the Town Code, now, or as said Chapter 70 may be amended and including the production of 10 crops, livestock and livestock products as defined in §301(2)(a)-(j) of the Agriculture and Markets Law, now, or as said §301(2)(a)-(j) may be amended, provided said amended provisions are inherently similar in nature to those crops, livestock and livestock products included as of the date of this Easement. No future restriction in said laws and/or Code or limitation in the definitions set forth in said laws and/or Code shall preclude a use that is permitted under the current law and/or Code. Grantor may offer "U-Pick" operations and/or the use of a corn maze to the general public, provided that such activities are conducted in conjunction with seasonal harvests, do not interfere with agricultural production and are otherwise consistent with and do not derogate from or defeat the Purpose of this Easement or other applicable laws. Notwithstanding the definition of agricultural production in Chapter 70 of the Town Code or any successor chapter, structures shall be prohibited except as set forth in Section 4.06 herein and as permitted by the Town Code now or in the future on agricultural lands protected by a development rights easement or other instrument, including but not limited to farmstands. 4.06 Structures A. Allowable ~[mprovements. Grantor shall have the right to erect and maintain the following improvements on the Property, as may be permitted by the Town Code and subject to the approval of the Town of Southold Land Preservation Committee, provided the improvements are consistent with and do not derogate from or defeat the Purpose of this Easement or other applicable laws: (i) Underground facilities used to supply utilities solely for the use and enjoyment of the Property; (ii) Existing irrigation well; New construction, including drainage improvement structures, provided such structures are necessary for or accessory to agricultural production; (iv) Renovation, maintenance and repairs of any existing structures or structures built or permitted pursuant to this Section 4.06, provided the primary purpose of the structure remains agricultural; (v) Notwithstanding anything to the contrary contained in this Easement, lot coverage shall be limited to twenty (20) percent. B. Conditions. Any allowable improvements shall protect prime agricultural soils, agricultural production, open space and scenic vistas, and otherwise be consistent with the Purpose of this Easement. C. Environmental Sensitivity During Construction. The use and location of any improvement permitted hereunder shall be consistent with the purposes intended herein, and construction of any such improvement shall minimize disturbances to the environment. Grantor shall employ erosion and sediment control measures to mitigate any storm water runoff, including but not limited to minimal removal of vegetation, minimal movement of earth and minimal clearance of access routes for construction vehicles. D. Replacement of improvements, in the event of damage resulting from casualty loss to an extent which renders repair of any existing improvements or improvements built or permitted pursuant to this Section 4.06 impractical, erection of a structure of comparable size, use, and general design to the damaged structure shall be permitted in kind and within the same general location, subject to the review and written approval of Grantee, pursuant to applicable provisions of the Town Code. 4.07 Notice Grantor shall notify Grantee, in writing, before the construction of any permanent or temporary structures as permitted in Section 4.06 herein and shall file all necessary applications and obtain all necessary approvals that may be required by this Easement or by the Town Code, and shall provide documentation as may be required for such applications. 4.08 Alienability Grantor shall have the right to convey, mortgage or lease all of its remaining interest in the Property but only subject to this Easement. Grantor shall promptly notify Grantee of any conveyance of any interest in the Property, including the full name and mailing address of any transferee, and, in the case of a transfer to an entity, the individual principals thereof. The instrument of any such conveyance shall specifically set forth that the interest thereby conveyed is subject to this Easement, without modification or amendment of the terms of this Easement, and shall incorporate this 12 Easement by reference, specifically setting forth the date, and that the provisions hereof shall not affect Grantee's rights hereunder or the validity of this Easement. 4.09 Further Restriction Nothing in this Easement shall prohibit or preclude Grantor from further restricting the use, improvements or structures on the Property. Any such further restrictions shall be consistent with and in furtherance of the general intent and purpose of this Easement as set forth in Section 0.03. ARTICLE FIVE GRANTOR'S OBLIGATIONS 5.01 Taxes and Assessments Grantor shall continue to pay all taxes, levies, and assessments and other governmental or municipal charges, which may become a lien on the Property, including any taxes or levies imposed to make those payments, subject, however, to Grantor's right to grieve or contest such assessment. The failure of Grantor to pay all such taxes, levies and assessments and other governmental or municipal charges shall not cause an alienation of any rights or interests acquired herein by Grantee. 5.02 Indemnification Grantor shall indemnify and hold Grantee harmless for any liability, costs, attorneys' fees, judgments, expenses, charges or liens to Grantee or any of its officers, employees, agents or independent contractors, all of which shall be reasonable in amount, arising from injury due to the physical maintenance or condition of the Property caused by Grantor's actions or inactions, or from any taxes, levies or assessments upon it or resulting from this Easement, all of which shall be considered Grantor's obligations. 5.03 Third Party Claims Grantor shall indemnify and hold Grantee harmless for any liability, costs, attorneys' fees, judgments, or expenses, charges or liens to Grantee or any of its officers, employees, agents or independent contractors, all of which shall be reasonable in amount, resulting: (a) from injury to persons or damages to property arising from any activity on the Property; and (b) from actions or claims of any nature by third parties arising out of the entering into or exercise of rights under this Easement, excepting any of those matters arising solely from the acts of Grantee, its officers, employees, agents, or independent contractors. 5.04 Grounds Maintenance Requirement If Grantor leaves the Property open and follow and does not engage in agricultural production for two (2) consecutive years, then Grantor shall implement an NRCS Plan (the "Plan") approved by the Land Preservation Committee. Grantor shall provide Grantee reasonable opportunity to initiate agricultural production or prepare the Property for agricultural production. Following the failure by the Grantee to reasonably comply after the completion of one growing season, Grantee shall have the right to enter the Property and restore, prepare and maintain the Property for future commercial agricultural use in order to protect the environmental, natural, scenic and agricultural values of the Property and to insure the Property remains viable for agricultural production. In the event Grantor fails to comply with the provisions of this section after the completion of one growing season, then, in addition to all other remedies set forth herein, Grantee or its agents are hereby authorized to enter upon the Property to implement the Plan, and to recover the costs of such implementation from Grantor, as provided in Section 6.03. ARTICLE SIX GRANTEE'S RIGHTS 6.01 Entry and Inspection Grantee shall have the right to enter upon the Property at reasonable times, upon prior notice to Grantor, and in a manner that will not interfere with Grantor's quiet use and enjoyment of the Property, for the purpose of inspection to determine whether this Easement and its purposes and provisions are being upheld. Grantee shall not have the right to enter upon the Property for any other purposes, except as provided in Section 5.04 and 6.03, or to permit access upon the Property by the public. 6.02 Restoration In addition to Grantee's remedies under Section 5.04, Grantee shall have the right to require the Grantor to restore the Property to the condition required by this Easement and to enforce this right by any action or proceeding that Grantee may reasonably deem t4 necessary. However, Grantor shall not be liable for any changes to the Property resulting from causes beyond the Grantor's control, including, without limitation, fire, flood, storm, earth movement, wind, weather or from any prudent action taken by the Grantor under emergency conditions to prevent, abate, or mitigate significant injury to persons or to the Property or crops, livestock or livestock products resulting from such causes. 6.03 Enforcement Rights of Grantee Grantor acknowledges and agrees that Grantee's remedies at law for any violation of this Easement may be inadequate. Therefore, in addition to, and not as a limitation of, any other rights of Grantee hereunder at law or in equity, in the event any breach, default or violation of any term, provision, covenant or obligation on Grantor's part to be observed or performed pursuant to this Easement is not cured by Grantor within ten (10) days' notice thereof by Grantee (which notice requirement is expressly waived by Grantor with respect to any such breach, default or violation which, in Grantee's reasonable judgment, requires immediate action to preserve and protect any of the agricultural values or otherwise to further the purposes of this Easement), Grantee shall have the right at Grantor's sole cost and expense and at Grantee's election: (i) To institute a suit to enjoin or cure such breach, default or violation by temporary and/or permanent injunction, (ii) To enter upon the Property and exercise reasonable efforts to terminate or cure such breach, default or violation and/or to cause the restoration of that portion of the Property affected by such breach, default or violation to the condition that existed prior thereto, or To enforce any term provision, covenant or obligation in this Easement or to seek or enforce such other legal and/or equitable relief or remedies as Grantee deems necessary or desirable to ensure compliance with the terms, conditions, covenants, obligations and purposes of this Easement; provided, however, that any failure, delay or election to so act by Grantee shall not be deemed to be a waiver or a forfeiture of any right or available remedy on Grantee's part with respect to such breach, default, or violation or with respect to any other breach, default or violation of any term, condition, covenant or obligation under this Easement. Grantor shall pay either directly or by reimbursement to Grantee, all reasonable attorneys' fees, court costs and other expenses incurred by Grantee (herein called "Legal Expenses") in connection with any proceedings under this Section, as approved by the Court. The cure period in this Section 6.03 may be extended for a reasonable time by Grantee if such restoration cannot reasonably be accomplished within ten (10) days. 6.04 Notice All notices required by this Easement must be written. Notices shall be delivered by hand or by registered or certified mail, return receipt requested, with sufficient prepaid postage affixed and with return receipts requested. Hailed notice to Grantor shall be addressed to Grantor's address as recited herein, or to such other address as Grantor may designate by notice in accordance with this Section 6.04. Hailed notice to Grantee shall be addressed to its principal office recited herein, marked to the attention of the Supervisor and the Town Attorney, or to such other address as Grantee may designate by notice in accordance with this Section 6.04. Notice shall be deemed given and received as of the date of its manual delivery or three business days after the date of its mailing. 6.05 No Waiver Grantee's exercise of one remedy or relief under this ARTICLE SI~X shall not have the effect of waiving or limiting any other remedy or relief, and the failure to exercise or the delay in exercising any remedy shall not constitute a waiver of any other remedy or relief or the use of such other remedy or relief at any other time. 6.06 Extinguishment of Easement/Condemnation At the mutual request of Grantor and Grantee, a court with jurisdiction may, if it determines that conditions surrounding the Property have changed so much that it becomes impossible to fulfill the Purpose of this Easement described in Section 0.03, extinguish or modify this Easement in accordance with applicable law. The mere cessation of farming on the Property shall not be construed to be grounds for extinguishment of this Easement. :If at any time the Property or any portion thereof shall be taken or condemned by eminent domain, by the Grantee or by any other governmental entity, then this Easement shall terminate with respect to the Property, or portions thereof so taken or condemned, and the Property shall not be subject to the limitations and restrictions of this Easement. ]~n such event, the Grantor, its successors or assigns, shall not be required to pay any penalties, but the value of the Property shall reflect the limitations of this Easement. Any condemnation award payable to the Grantor shall be in proportion to the value attributable to the residual agricultural value of the Property. Tf the condemnation is undertaken by an entity other than the Grantee, then the remaining portion of the condemnation award shall be payable to the Grantee in proportion to the value attributable to the development rights transferred hereby, in accordance with Section 7.11 herein. ARTTCLE SEVEN MISCELLANEOUS 7.0:[ Entire Understanding This Easement contains the entire understanding between its parties concerning its subject matter. Any prior agreement between the parties concerning its subject matter shall be merged into this Easement and superseded by it. 7.02 Amendment This Easement is made with the intention that it shall qualify as a conservation easement in perpetuity under Code Section 170(h). The parties agree that amendments to the provisions of this Easement may be permitted by Grantee if such amendment shall be necessary to entitle Grantor to meet the requirements of Code Section :[70(h) and/or to enable Grantee to amplify the public benefits attributable to this Easement. This Easement can be amended and modified only in accordance with the common and statutory laws of the State of New York applicable to the modification of easements and covenants running with the land. Grantee and Grantor shall mutually have the right to agree to amendments to this Easement, provided however, that Grantee shall have no right or power to agree to any amendment hereto that would result in this Easement failing to qualify as a valid conservation easement under Article 49, Title 3 of the Environmental Conservation Law of the State of New York, as the same may be hereafter amended, or any regulation issued pursuant thereto. 7.03 Alienation 17 No property rights acquired by Grantee hereunder shall be alienated except pursuant to the provisions of Chapter 70 of the Town Code or any successor chapter and other applicable laws, upon the adoption of a local law authorizing the alienation of said rights and interest, following a public hearing and, thereafter, ratified by a mandatory referendum by the electors of the Town of Southold. No subsequent amendment of the provisions of the Town Code shall alter the limitations placed upon the alienation of those property rights or interests which were acquired by the Town prior to any such amendment. Tn addition to the limitations set forth above, Grantee shall have the right to transfer all or part of this Easement to any public agency, or private non-governmental organization, that at the time of transfer is a "qualified organization" under {}170(h) of the Internal Revenue Code, provided that transferee expressly agrees to assume the responsibility imposed on the Grantee by this Easement. Any easement transfer must be approved by the Grantor or any subsequent owner. If the Grantee ever ceases to exist, a court of competent jurisdiction may transfer this Easement to another qualified public agency that agrees to assume the responsibilities imposed by this Easement. 7.04 Severability Any provision of this Easement restricting Grantor's activities, which is determined to be invalid or unenforceable by a court shall not be invalidated. Instead, that provision shall be reduced or limited to whatever extent that court determines will make it enforceable and effective. Any other provision of this Easement that is determined to be invalid or unenforceable by a court shall be severed from the other provisions, which shall remain enforceable and effective. 7.05 Governinq Law New York law applicable to deeds to and easements on land located within New York shall govern this Easement in all respects, including validity, construction, interpretation, breach, violation and performance. 7.06 Interpretation Regardless of any contrary rule of construction, no provision of this Easement shall be construed in favor of one of the parties because it was drafted by the other party's attorney. No alleged ambiguity in ]8 this Easement shall be construed against the party whose attorney drafted it. Tf any provision of this Easement is ambiguous or shall be subject to two or more interpretations, one of which would render that provision invalid, then that provision shall be given such interpretation as would render it valid and be consistent with the purposes of this Easement. Any rule of strict construction designed to limit the breadth of the restrictions on use of the Property shall not apply in the construction or interpretation of this Easement, and this Easement shall be interpreted broadly to effect the purposes of this Easement as intended by the parties. The parties intend that this Easement, which is by nature and character primarily negative in that Grantor has restricted and limited his right to use the Property, except as otherwise recited herein, be construed at all times and by all parties to effectuate its purposes. 7.07 Public Access Nothing contained in this Easement grants, nor shall it be interpreted to grant, to the public, any right to enter upon the Property, or to use images of the Property. Grantee may use images of the Property only for non-commercial reporting of this Easement. 7.08 Warranties The warranties and representations made by the parties in this Easement shall survive its execution. 7.09 Recordinq Grantee shall record this Easement in the land records of the office of the Clerk of the County of Suffolk, State of New York. 7.10 Headinqs The headings, titles and subtitles herein have been inserted solely for convenient reference, and shall be ignored in its construction. 7.11 Proceeds The grant of this Easement gives rise to a property right, immediately vested in Grantee, which, for purposes of calculating proceeds from a sale or other disposition of the Property as contemplated under Section 6.06 (Extinguishment of Easement), shall have a value equal to a percentage of the value of the Property unencumbered by this Easement (the "Proportionate Share"). The 19 Proportionate Share is determined by dividing the value of this Easement, calculated as of the date hereof, by the unencumbered value of the Property, as reflected in an appraisal obtained by Grantee dated November 18, 2009 and updated November 23, 2009. The Proportionate Share is 66.6%. The Proportionate Share shall remain constant (subject to reasonable adjustment to the extent permissible under Section 170(h) of the Internal Revenue Code for any improvements which may hereafter be made on the Property). fN WITNESS WHEREOF, Grantor has executed and delivered and Grantee has accepted and received this Deed of Easement on the day and year set forth above. ACKNOWLEDGED AND ACCEPTED: EST,,mE OF JULIA D. CONWAY, Grantor p . Conwa¥, Co-Executor Robert ~I. Conway, Co-~xecutor · Conway, Indiv/ifJually TESTAMENTARY TRUST OF JOSEPH M. CONWAY, Grantor ~seph A. Conway, C~Trustee ~ol~ert~. Con~'~y, ~rustee ACKNOWLEDGED AND ACCEPTED: TOWN OF SOUTHOLD, Grantee A. Russell, Supervisor 2O State of New York ) County of ~u~:~*t~ ), ss: On the ~ day of ~ in the year 2011 before me, the undersigned, personally appeared Joseph A. Conway, personally known to me or proved to me on the basis of satisfactory evidence to be the individual (s) whose name (s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity (les), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Signature/o~'ce of individual taking acknowledgement pATRICIA k. FALLON Notary Public, State Of New Yorl( No. 01FA4950146 STATE OF NEW YORK ) Qualified In Suffolk County , j COUNTY OF SUFFOLK ) SS: Commission Expires April 24, ~.~f/~ On this ~-~-day of ~/'/~G. in the year 2011 before me, the undersigned, personally appeared Robert .]. Conway personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(les), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Notary Public STATE OF NEW YORK ) COUNTY OF SUFFOLK ) SS: On this3Vl~day of PATRICIA L. FALLON Notary Public, State Of NewYork No. 01FA4950146 Qualified In Suffolk County Commission Expires April 24, in the year 2011 before me, the undersigned, personally appeared Scott A. Russell, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(les), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Notary Public PATR1CIA L. FALLON Notary Public, State Of New Yore No. 01 FA4950146 Qu~li',ied In Suffolk County Commission Expires April 24, ,~ 2] FIDELITY NATIONAL TITLE INSURANCE COMPANY TITLE NO. FI0-7404-80567SUFF SCHEDULE A-I (Description) (Continued) DEVELOPMENT RIGHTS EASEMENT AREA ALL that certain plot, piece or parcel of land, situate, lying and being at Southold, Town of Southold, County of Suffolk and State of New York, being bounded and described as follows: BEGINNING at a point on the southwesterly side of Horton Lane distant the following 3 courses and distances from the intersection of the southeasterly side of Jennings Road with the southwesterly side of Horton Lane; 1) southeasterly 568 feet; 2) South 40 degrees 28 minutes 30 seconds East, 195.29 feet; 3) South 47 degrees 34 minutes 00 seconds West, 205.00 feet along the northerly line of land now or formerly ofT. &. C. Conway to the point or place of beginning; RUNNING THENCE the following two courses and distances along land now or formerly ofT. & C. Conway: I) South 42 degrees 26 minutes 00 seconds East, 214.88 feet; 2) North 47 degrees 34 minutes 00 seconds East, 197.66 feet to the southwesterly side of Horton Lane; THENCE the following 3 courses and distances along the southwesterly side of Horton Lane: I) South 40 degrees 28 minutes 30 seconds East, 93.05 feet; 2) South 42 degrees 20 minutes 00 seconds East, 799.75 feet; 3) South 37 degrees 13 minutes 18 seconds East, 113.02 feet; THENCE South 48 degrees 29 minutes 30 seconds West, 193.77 feet; THENCE South 37 degrees 13 minutes 18 seconds East, 414.01 feet to land now or formerly of Abbatiello; THENCE along the land now or formerly of Abbatiello, South 48 degrees 29 minutes 30 seconds West, 723.62 feet to land now or formerly of Damianos; THENCE the following three courses and distances along land now or formerly of Damianos: 1) North 35 degrees 02 minutes 20 seconds West, 870.14 feet; 2) North 34 degrees 18 minutes 50 seconds West, 451.87 feet; 3) North 35 degrees 19 minutes 50 seconds West, 309.81 feet to land now or formerly of Joseph Conway; THENCE along land now or formerly of Joseph Conway, North 47 degrees 34 minutes 00 seconds East, 557.93 feet to the point or place of BEGINNING. THE POLICY TO BE ISSUED under this commitment will insure the title to such buildings and improvements on the premises which by law constitute real property. FOR CONVEYANCING ONLY: Together with all the right, title and interest of the part of the first part, of in and to the land lying in the street in front of and adjoining said premises. SCHEDULE A-I (Description) SURVEY.FOR THE T~gWN'OF SOUTHOLD AT SOUTHOLD TOWN OF $OUTHOLD SUFFOLK COUNTY, N.Y. · f000-$4-07-2~ ! SCAL~: ~"~00' KEY NAP SCALE: 1 '=600' N/OFF T. ~ ~/A¥ HoBTON 79E~' AREA=30.8297 ACRES ~'OWN OF SOUTHOLD ]0.8297 ACRES OFidelity National Title Insurance Company Policy Number: 27-031-06-33- 54792 AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (6/17/06) WITH NEW YORK COVERAGE ENDORSEMENT APPE~OEO Issued by Fidelity National Title Insurance Company Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN ~CHEDULE B, AND THE CONDITIONS, FIDELITY NATIONAL TITLE INSURANCE COMPANY, a California corpora- uon (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or deliv- ered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing im- provements located on adjoining land. Unmarketable Title. No right of access to and from the Land. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection FORM 27-031 06-33 (6/08) ALTA Owner's Policy (6 17-06) w/New York coverage Endorsement Appended if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Tire being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an altemative remedy, of a transfer of alt or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i). to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other maUer included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Fidelity National Title Insurance Company By: ATTEST Secretary Countersigned: Authorized Signature FORM 27-031-06-33 (6/08) ,, o. ALTA Owner's Policy (6 17 06) w/New York coverage Endorsement Appended OFidelity National Title Insurance Company Policy No.: 27-031-06-33-54792 Title No.: FI0-7404-80567SUFF Amount of Insurance: $1,812,075.00 I. Name of Insured: SCHEDULE A Date of Policy: August 3, 2011 at 9:00 AM Town of Southold The estate or interest in the land which is covered by this policy is: Grant of Development Rights Easement Title to the estate or interest in the land is vested in: Town of Southold Grant of Development Rights Easement made by Joseph A. Conway, individually and as Co-Executor of the Estate of Julia D. Conway and Robert J. Conway, as Co-Executor of the Estate of Julia D. Conway as to 50% interest and Joseph A. Conway and Robert J. Conway as Co-Trustees of the Testamentary Trust of Joseph M. Conway, as to 50% interest dated August 3,2011, recorded August 16, 201 l in Liber 12668 page 569. The land referred to in this policy is described as follows: See Schedule A-I (Description), following. Schedule A Owner's Policy Page I Rev (02/04) OFidelity National Title Insurance Company Policy No: 27-031-06-33-54792 Title No.: F I 0-7404-80567SUFF SCHEDULE A-I Description AMENDED 06/15/1 I OVERALL DESCRIPTION ALL that certain plot, piece or parcel of land, situate, lying and being at Southold, Town of Southold, County of Suffolk and State of New York, being bounded and described as follows: BEGINNING at a point on the southwesterly side of Horton Lane distant the following 3 courses and distances from the intersection of the southeasterly side of Jennings Road with the southwesterly side of Horton Lane; I ) southeasterly 568 feet; 2) South 40 degrees 28 minutes 30 seconds East, 195.29 feet; 3) South 47 degrees 34 minutes 00 seconds West, 205.00 feet along the northerly line of land now or formerly of T. &. C. Conway to the point or place of beginning; RUNNING THENCE tile following two courses and distances along land now or formerly ofT. & C. Conway: I) South 42 degrees 26 minutes 00 seconds East, 214.88 feet; 2) North 47 degrees 34 minutes 00 seconds East, 197.66 feet to the southwesterly side of Horton Lane; '/HENCE the l'ollowing 3 courses and distances along the southwesterly side of Horton Lane: l ) South 40 degrees 28 minutes 30 seconds East, 93.05 feet; 2) South 42 degrees 20 minutes 00 seconds East, 799.75 feet; 3) South 37 degrees 13 minutes 18 seconds East, 527.03 feet to land now or formerly of Abbatiel[o; THENCE along land now or formerly of Abbatiello South 48 degrees 29 minutes 30 seconds West, 917.39 feet to land now or formerly of Damianos; THENCE tile following three courses and distances along land now or formerly of Damianos: I) North 35 degrees 02 minutes 20 seconds West, 870.14 feet; 2) North 34 degrees 18 minutes 50 seconds West, 451.87 feet; 3) North 35 degrees 19 minutes 50 seconds West, 309.81 feet to land now or formerly of Joseph Conway; THENCE along land now or formerly of Joseph Conway, North 47 degrees 34 minutes 00 seconds East, 557.93 feet to the point or place of BEGINNING. DEVELOPMENT RIGHTS EASEMENT AREA ALL that certain plot, piece or parcel of land, situate, lying and being at Southold, Town of Southold, County of Suffolk and State of New York, being bounded and described as follows: Schedule A-I (Dcscriplion) Owner's Policy Page 2 Rcv (02/04) FIDELITY NATIONAL TITLE INSURANCE COMPANY Poi icy No.: 27-031-06-33-54792 Title No.: F 10-7404-80567SUFF SCHEDULE A-I Continued BEG INN lNG at a point on the southwesterly side of Horton Lane distant the lbllowing 3 courses and distances from the intersectiou of the southeasterly side of Jennings Road with the southwesterly side of Horton Lane; I ) southeasterly 568 feet; 2) South 40 degrees 28 minutes 30 seconds East, 195.29 feet; 3) South 47 degrees 34 minutes 00 seconds West, 205.00 feet along the northerly line of land now or formerly ofT. &. C. Conway to the poiut or place of beginning; RUNNING THENCE the following two courses and distances along land now or formerly ofT. & C. Conway: 1) South 42 degrees 26 minutes 00 seconds East, 214.88 feet; 2) North 47 degrees 34 minutes 00 seconds East, 197.66 feet to the southwesterly side of Horton Lane; THENCE the following 3 courses and distances along the southwesterly side of Horton Lane: 1 ) South 40 degrees 28 minutes 30 seconds East, 93.05 feet; 2) South 42 degrees 20 minutes 00 seconds East, 799.75 feet; 3) South 37 degrees 13 minutes 18 seconds East, 113.02 feet; THENCE South 48 degrees 29 minutes 30 seconds West, 193.77 feet; THENCE South 37 degrees 13 miuutes 18 seconds East, 414.01 feet to land now or formerly of Abbatiello; TItENCE along the laud now or formerly of Abbatiello, South 48 degrees 29 minutes 30 seconds West, 723.62 feet to land now or formerly of Damianos; THENCE the lbllowing three courses and distances aloag land now or formerly of Damianos: I) North 35 degrees 02 minutes 20 seconds West, 870.14 feet; 2) North 34 degrees 18 minutes 50 seconds West, 451.87 feet; 3) North 35 degrees 19 minutes 50 seconds West, 309.81 feet to land now or formerly of Joseph Conway; THENCE along land now or formerly of Joseph Conway, North 47 degrees 34 minutes O0 seconds East, 557.93 feet to the point or place of BEGINNING. FOR INFORMATION ONLY - "Reserved Area" ALL that certain plot, piece or parcel of land, situate, lying and being at Southold, Town of Southold, County of Suffolk and State of New York, being bounded and described as follows: BEG INN lNG at a point on the southwesterly side of Horton Lane where the same is intersected by the northerly line of land now or formerly of Abbatiello; RUNN lNG THENCE along the land now or formerly of Abbatiello, South 48 degrees 29 minutes 30 seconds West, 193.77 feet; THENCE North 37 degrees 13 minutes 18 seconds West, 414.01 feet; THENCE North 48 degrees 29 minutes 30 seconds East, 193.77 feet to the southwesterly side of Horton Lane; Schedule A-I (Description) Owner's Policy Rev (02/04) Page 3 FIDELITY NATIONAL TITLE INSURANCE COMPANY Policy No.: 27-031-06-33-54792 Title No.: FI0-7404-80567SUFF SCHEDULE A-I Continued THENCE along the southwesterly side of Horton Lane South 37 degrees 13 minutes 18 seconds East, 414.01 feet to the point or place of BEGINNING. Schedule A-I (Description) Owner's Policy Page 4 Rev (02/04) OFidelity National Title Insurance Company Policy Number: 27-031-06-33-54792 Title No.: F10-7404-80567SUFF SCHEDULE B - PART I Exceptions from Coverage This policy does not insure against loss or damage (and the Company will not pay costs, attorney's fees or expenses) which arise by reason off Survey made by Peconic Surveyors, P.C. dated 08/01/01 and last dated 06/03/11 shows part of premises as farm field and part of premises ilnproved with a 2 sto~y frame house; frame garage; 2 frame barns; 3 frame buildings. Fences vary with part of westerly and part of southerly record lines. Schedule B Owner's Policy Page 5 Rcv (02/04) OFidelity National Title Insurance Company STANDARD NEW YORK ENDORSEMENT (OWNER'S POLICY) The following is added as a Covered Risk: "1 I. Any statutory lien for services, labor or materials furnished prior to the date hereof, and which has now gained or which may hereafter gain priority over the estate or interest of the insured as shown in Schedule A of this policy." 2. Exclusion Number 5 is deleted, and the following is substituted: Any lien on the Title for real estate taxes, assessments, water charges or sewer rents imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as Shown in Schedule A. THIS ENDORSEMENT is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsemants. Fidelity National Title Insurance Company SI ANDARD NEW YORK ENDORSEMENT (I I/I/08) FOR USE WII'H ALTA LOAN POLICY (6-17-06) ~XCLU~IONS FROM COVERAGE The following matlers are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (al Any law, m'dinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (il the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any imprnvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or govemmenlal regulations. This Exclusion I(a) does not modify or limit the coverage provided under Covered Risk 5. lb) Any governmental police power. This Exclusion l(b) does not modify or limit the coverage provided under Covered Risk 6, 2. Rights of eminent domain, This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters : (al created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; lc) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (el resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule la) a fraudulent conveyance or fraudulent transfer; or lb} a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental amhority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1. DEFINITION OF TERMS The IBIlowing terms when used in this policy mean: la) "Amount of Insurance': The amount stated in Schedule A, as may be creased or decreased by endorsement to this policy, increased by Section 8lb). or decreased by Sections l0 and l I of these Conditions. lb) "Date of Policy": The date designated as "Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A, (il The term"lnsured" also includes (Al successors to the Title of the insured by operation of law as dis- bnguished from pumhase, including heirs~ devisees, survivors, personal representatives, or next of kin; lB) successors to an Insured by dissolutiom merger, consolidation, distribution, or reorganization; lC) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (I) if the stock, shares, memberships, or other equity interesls of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named insured, (3) if the grantee is wholly owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (Al, lB), lC), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (el "Insured Claimant": An Insured claiming loss or damage. (fl "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records thai impart constructive notice of matters afl~cting the Title. (gl "Land": The land described in Schedule A~ and affixed improvements that by law constitute real property. The term "Land" does not include any prop erty beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easemem in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instru- ment, including one evidenced by electronic means authorized by law. {il "Public Records": Records established under state statutes al Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to FORM74-031-0633 Covered Risk 5(d). "Public Records" shall also include environmental pro- tection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (il "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in fome as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured. or only so long as the Insured shall have liability by reason of warramies in any transfer or conveyance of the Title. This policy shall not continue in fome in favor of any purchaser from the Insured of either (il an estate or interest in the Land. or (ii) an obligation secured by a pumhase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Ensured shall notify the Company promptly in writing (il in case of any litigabon as set forth in Section 5(al of these Conditions. (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or danmge, the Company may, at its option, require as a condition of payment that the Ensured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. DEFENSE AND PROSECUTION OF ACTIONS (a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured, This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object lBr reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the insured in the defense of those causes of action that allege matters ALTA Owner's Policy (6 17-06) w/New York coverage Endorsement Appended not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be neces- sary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the temrs of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy, If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court o f competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the fight to use, at its option, the name of the Insured for this purpose. Whenever requested by the Com- pany, the Insured, at the Company's expense, shall give the Conrpany all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Com- pany is prejudiced by the failure of the Insured to furnish the required coop- eration, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or con- tinue any litigation, with regard to the matter or matters requiring such co operation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reason able times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any au- thorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Com puny pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant pemfis- sion to secure reasonably necessary information from third parties as re- quired in this subsection, unless prohibited by law or governmental regula- tion, shall temrinate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following addi- tional options: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses incurred by the In- sured Claimant that were authorized by the Company up to the time of pay- ment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obliga- tions of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any li- ability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addi- tion, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Coin- party up to the time of payment and that the Company is obligaled to pay; or (ii) To pay or otherwise settle with the lnsured Claimant the loss or dam- age provided for under this policy, together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were autho FORM 74-031-06-33 fized by the Company up to the time of payment and that the Com pany is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of inde~nnity against actnal monetary loss or damage sustained or incurred by the Insured Claimant who has sufl~red loss or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (i) the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by 10%, and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys' fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. LIMITATION OF LIABILITY (a) If the Company establishes the Title~ or removes Ihe alleged defect, lien, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent nranner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Conrpany or with the Company's consent, the Company shall have no liability for loss or dam- age until there has been a final determination by a court of competent juris- diction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liabil ity voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LI- ABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assunred, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Conrpany, the Insured Clainrant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimam and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the insured Claimant, the Conrpany shal! defer the exercise of its right to recover until after the lnsured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any ternrs or conditions contained in those instrmnents that address subrogation rights. ALTA Owner's Policy (6-17-06) w/New York coverage Endorsenrent Appended 14. ARBITRATION Either the Company or the Insured may demand that the clailn or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the Axnerican Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation wilh claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claixn between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving risc to this policy. All arbitrable matters when the Amoum of Insurance is $2.000,00(/or less shall be arbitrated at the option of either the Company or the Insure& All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. !5. LIABILITY LIMITED TO THIS POLICYi POLICY ENTIRE CONTRACT Ia) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company, In interpreting any provision of this policy, this policy shall be construed as a wbole (bi Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. Icl Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Sched- ule A of this policy. Id) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all oI its terms and provisions. Except as the en- dorsement expressly states, it does not Ii) modify any of the terms and pro visions of the policy, (ii) modify any prior endorsement, (iii) extend Ire Date of Policy, or (iv) increase the Amount of Insurance 16. SEVERABILITY In the event any provision of this policy, in whole or in pan. is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full fome and effect. 17. CHOICE OF LAW; FI)RUM Ia) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law atIkcting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validily of claims against the Title tbat are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or t~deral court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company al Fidelity National Title Company Arm: Claims Department EO. Box 45023 Jacksonville. Florida 32232-5023 FORM 27 031 06 33 (6/08) ALTA Owner's Policy (6-17-06) w/New York coverage Endorsement Appended FIDELITY NATIONAL TITLE INSURANCE COMPANY TM Fidelity National Title Insurance Company P.O. Box 45023 Jacksonville, Florida 32232-5023 CLOSING STATEMENT JOSEPH A. CONWAY and ROBERT J. CONWAY, as Trustees of the Testamentary Trust of the ESTATE OF JOSEPH M. CONWAY, and JOSEPH A. CONWAY, individually and as Co-Executor and ROBERTJ. CONWAY, as Co-Executor of the Last Will and Testament of JULIA D. CONWAY to TOWN OF SOUTHOLD Total Development Rights Easement - 28.9932 acres Total Parcels Acreage - 30.8297 acres Reserved Area - 80,000 square feet Premises: 4395 Horton Lane, Southold Part of SCTM #1000-54.-7-21.4 Closing took place on Wednesday, August 3, 2011 at 10:00 a.m., Southold Town Hall Annex Purchase Price of $1,812,075.00 (based upon 28.9932 buildable acres $62,500/buildable acre) disbursed as follows using CPF funds: Payable to Estate of Julia D. Conway Check #I 10935 (8/2/2011) $ 906,037.50 Payable to Joseph M. Conway Testamentary Trust $ Check #110961 (81212011) 906,037.50 Expenses of Closing: Appraisal Payable to Given Associates, LLC Check #103529 (12/1512009) $ 2,900.00 Survey Payable to Peconic Surveyors, P.C. Check #108964 (2/15/2011) $ 1,276.50' Environmental Report (Phase I ESA) Payable to Cashin Technical Services, Inc. Check #108381 (1/412011) 879.75* Environmental Report (Phase II ESA) Payable to Cashin Technical Services, Inc. Check #110104 (5/24/2011 ) 4,071.00' Title Report Payable to Fidelity National Title Insurance Co. Check #110938 (8/2/2011) Title insurance policy $ 7483 Recording easement $ 370 7,853.00 Title Closer Attendance Fee Payable to Patricia Fallon Check #110936 (812/2011) 100.00 *represents 69% of total invoice charged to CPF funding Those present at Closing: Scott A. Russell Lisa Clare Kombrink, Esq. Joseph A. Conway Robert Conway Thomas Conway Christine Conway Paul Caminiti, Esq. Patricia Fallon Melissa Spiro Melanie Doroski Southold Town Supervisor Attorney for Town of Southold Seller (Co-Executor) Seller (Co-Executor) Seller (son) Seller (daughter-in-law) Attorney for Seller Title Company Closer Land Preservation Coordinator Land Preservation Sr Administrative Asst TOWN OF SOUTttOLD VElqDOR 001918 ESTATE OF JULIA~D~CONWAY 08/02/2011 CHECK 110935 FUND & ACCOUNT, P.O. ~ INVOICE DESCRIPTIO~ H5 .8660.2.600.100 0803tl PROP TAX REIMBURSEMENT H2 .8686.2.000.000 TBR920 080311 PURCHASE PRICE EASE.50% H5 .8660.2.600.100 TBR920 080311 P/O PURCH.PRICE FEE 50% (AMOUNT 1,085.15 906,037.50 396,290.00 TOTA~ 1,30~ , 412 . 65 ,"]. ,Oq55~l ':O~l,l, O51~Ghl: ~,~, 00000I, 0,' TOWN OF SOUTHOLD ~ VENDOR 098052 JOSEPH M.coN~y TEsTAMENT.T~S~ 08/02/2'011 CHECK FUND & ACCOUNT P. 0 . # INVOICE DESCR~I-PTION 110961 A~OUNT H5 .8660.2.600.100 H2 .8686.2.000.000 H~' .8660.2.600.100 o8o~11 · B~20 080311 · HR920 0B0311 PROP T~X REIMBURSEMENT 1,085.15 PURCHASE PRICE EASE.50% 906,037.50 P/O PURCH.PRICE FEE 50% 396,290.00 TOTAL i ~ 1,303,412.65 GIYEN 548 Route 111, Suite 200 Hauppauge, NY 11788 631-360-3474 Fax 631-3603622 Bill To Towll of Southold P.O. Box 1179 Southold NY 11971-0959 Invoice Date Invoice 1/19/2009 789 Please make check payable to: GIVEN ASSOCIATES, LLC Description Appraisal of Real Property of the Joseph and Julia Conway Located 4395 Horton Lape Southold, NY S.C.T.M. #1000-54-7-21.1 Hie No. 2~9~8 'loft'la Due upon Receipt Amount GL108S 20 TOWN OF SOUTHOLD View I ** Actual Hi Vendor.. 007416 GIVEN ASSOCIATES LL Y=Select JE Date Trx. Date Fund Account ....................... =- Use Acti .. 1/02/2008 1/02/2008 H2 .600 1/02/2008 3/25/2008 3/25/2008 4/08/2008 6/03/2008 9/23/2008 11/18/2008 1/20/2009 1/20/2009 6/30/2009 11/04/2009 X 12/15/2009 .. 4/20/2010 1/02/2008 H2 .600 3/25/2008 H3 .600 3/25/2008 H3 .600 4/08/2008 H3 .600 6/03/2008 H2 .600 9/23/2008 H3 .600 11/18/2008 H3 .600 1/20/2009 H3 .600 1/20/2009 ~3 .600 6/30/2009 H3 .600 11/04/2009 H3 .600 12/15/2009 H3 .600 4/20/2010 H3 .600 ,. 6/01/2010 6/01/2010 H3 .600 ......................... Use Acti F2=Shift Up F3=Exit Ft0=Prev View Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name .............. Detail--GL100N .............. : W-12152009-810 Line: 164 Formula: 0 : : Account.. H3 .600 : : Acct Desc ACCOUNTS PAYABLE : : Trx Date ..... 12/15/2009 SDT 12/15/09 : : Trx Amount... 2,900.00 : : Description.. APPRAISAL-CONWAY HORT LN : : Vendor Code.. 007416 Pay Method: : : Vendor Name.. GIVEN ASSOCIATES LLC : : Alt Vnd.. : : CHECK .... .... 103529 SCNB : : Invoice Code. 789 : · VOUCHER · : P.O. Code .... 20135 : : Project Code. : : Final Payment F Liquid., : : T~pe of 1099. M BOX. 07 Addl. : : Fixed Asset.. Y : : Date Released 12/15/2009 : : Date Cleared. 12/31/2009 : : F3=Exit F12=Cancel : : : TOWN OF SOUTHOLD VENDOR 007416 GIVEN ASSOCIATES LLC 12/15/2009 CHECK 103529 FUND & ACCOUNT P.O.# INVOICE DESCRIPTION AMOUNT H3 .8660.2.500.200 20135 789 APPRAISAL-CONWAY HORT LN 2,900.00 TOTAL 2,900.00 PECONIC SURVEYORS, P.C. 1230 TRAVELER STREET P.O. BOX 909 SOUTHOLD, NY 11971 Invoice Date I Invoice fl 1/31/2011 I Bill To Town of 8outhold Department of Land Preservation P.O. Box 1179 Southold, ~ 119'11 At~: Melani¢ Doroski Quantity ' Conwny Estale Survey Description P.O. No. Telms Project 21563 N~t30 Rate 1,850.00 Amount 1,850.00 GL108S 20 TOWN OF SOUTHOLD View 1 ** Actual Hi Vendor.. 016144 PECONIC SURVEYORS, Y=Select - JE Date Trx. Date Fund Account ......................... Use Acti 2/13/2007 2/13/2007 H3 600 2/13/2007 4/24/2007 4/24/2007 4/24/2007 5/08/2007 5/00/2002 8/14/2007 10/09/2007 5/06/2008 6/17/2008 11/18/2008 12/15/2009 2/01/2011 2/13/2007 4/24/2007 4/24/2007 4/24/2007 5/08/2007 5/08/2007 H3 8/14/2007 ~2 10/09/2007 ~ 5/06/2008 E 6/17/2008 E3 11/18/2008 H3 12/15/2009 H3 2/01/2011 H3 H3 600 H3 600 H3 600 H3 600 H3 600 600 600 600 1620.2.4 6OO 60O 60O 600 ~, 2/15/2011 2/15/2011 E3 600 ......................... Use Act1 F2=Shift Up F3=gxit F10=Prev View Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name .............. Detail--GL100N .............. : W-02152011-080 Line: 332 Formula: 0 : : Account.. H3 .600 : . : Acct Desc ACCOUNTS PAYABLE : : Trx Date ..... 2/15/2011 SDT 2/14/11 : : Trx Amount... 1,276.50 : : Description.. SURVEY-CONWAY ESTATE : : Vendor Code.. 016144 Pay Method: : : Vendor Name.. PECONIC SURVEYORS, P.C. : : Alt Vnd.. : : CHECK ........ 108964 SCNB : : Invoice Code. 18 : : VOUCHER ...... : : P.O. Code .... 21563 : : Project Code. : : Final Payment P Liquid. : : T~pe of 1099. N BOX. Addl. : : Fixed Asset.. Y : : Date Released 2/15/2011 : : Date Cleared. 2/28/2011 : : F3=Exit F12=Cancel : : : TOWN OF $OUTIIOLD VENDOR 016144 PECONIC SURVEYORS, P.C. 02/15/2011 CHECK 108964 FUND & ACCOUNT P-O.# INVOICE DESCRIPTION .0660.2,600.100 21563 18 -8660.2.600.100 21563 18 SURVE¥-CONWAy ESTATE SURVEY-CONWAY ESTATE TOTAL 1,276.50 573.50 1,850.00 Melanie Doroski Town o1Southold Town Hall Annex PO Box 1179 Southold, NY 11971-0959 December 13, 2010 Project No: CAT$.028 Invoice No: 99 Phase I Environmental Site ~ssessment for property lOCated at 4395 Horton Lane, Southold, NY 11971 Professional Services ~rom October 30. 2010 to December 13. 2010 Fee Total this Invoice 1,275.00 $1,275.00 GL108S 20 TOWN OF SOUTHOLD View 1 ** Actual Hi Vendor.. 003079 CASHIN ASSOCIATES, Y=Select JE Date Trx. Date Fund Account ............................. Begi 10/21/2008 10/21/2008 H3 .600 . 10/21/2008 . 10/06/2009 5/04/2010 . 11/30/2010 · 12/14/2010 ~ 1/04/2011 .. 1/04/2011 .. 5/24/2011 . . 5/24/2011 · . 5/24/2011 ,, 5/24/2011 ,, 6/21/2011 10/21/2008 H3 .600 10/06/2009 H3 .600 5/04/2010 H .600 11/30/2010 H .600 12/14/2010 H 600 1/04/2011 H3 600 1/04/2011 H 600 5/24/2011 H3 600 5/24/2011 H 600 5/24/2011 H 600 5/24/2011 H5 600 6/21/2011 H3 600 F2=Shift Up F3=Exit F10=Prev View Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name .............. Detail--GL100N .............. : W-01042011-649 Line: 47 Formula: 0 : : Account.. H3 .600 : : AcctDesc ACCOUNTS PAYABLE : : Trx Date ..... 1/04/2011 SDT 1/03/11 : : Trx Amount... 879.75 : : Description.. PHASE i ESA/ASBSTS-CONWA : : Vendor Code.. 003079 Pay Method: : : Vendor Name.. CASHIN ASSOCIATES, P.C. : : Alt Vnd.. : : CHECK ........ 108381 SCNB : : Invoice Code. 99 : : VOUCHER ...... : : P.O. Code .... 22178 : : Project Code. : : Final Payment P Liquid. : : Type of 1099. N BOX. Addl. : : Fixed Asset.. Y : : Date Released 1/04/2011 : : Date Cleared. 1/31/2011 : : F3=Exit F12=Cancel : : : TOWNOFSOUTHOLD VENDOR 003079 CASHIN ASSOCIATES, P.C. 01/04/2011 CHECK 108381 FUND & ACCOUNT P.O.~ INVOICE DESCRIPTION H3 .8660.2.600.100 22178 99 PHASE 1 ~SA/ASBSTS-CONWA H .866~.2.600.100 22178 99 PHASE I ESA/ASBSTS-CONWA TOTAL 879.75 395.25 1,275.00 '"--' Ca hin Teohni=el ervioes= Ino. Melanie Doroski Town of Southold Town Hall Annex PO Box 1179 Southold, NY 11971-0959 May 11,2011 Project No: 0CATS.028 Invoice No: 107 Ph~e II Environmental Site A~sment for pmpe~ I~ted m 4395 Ho~on ~ne, $outhold, NY 11971 Pm~slonal Sewl~s from Januaw 01. 2011 to May 11. 2011 Fe~ 5,900.00 Total this Invoice $5,g00.00 GL108S 20 TOWN OF SOUTHOLD View 1 ** Actual Hi Vendor.. 003079 CASHINASSOCIATES, Y=Select - JE Date Trx. Date Fund Account ............................. Begi ,, 10/21/2008 10/21/2008 H3 .600 ,, 10/21/2008 10/21/2008 ,, 10/06/2009 10/06/2009 ,, 5/04/2010 5/04/2010 .. 11/30/2010 11/30/2010 .. 12/14/2010 12/14/2010 .. 1/04/2011 1/04/2011 1/04/2011 1/04/2011 ~ 5/24/2011 5/24/2011 .. 5/24/2011 5/24/2011 ,, 5/24/2011 5/24/2011 ,, 5/24/2011 5/24/2011 , , 6/21/2011 6/21/2011 H3 H3 H H H H3 H H3 H H H5 H3 .600 · 600 .600 .600 .600 600 600 600 600 600 600 600 F2=Shift Up F3=Exit F10=Prev View Select Record(s) or Use Action Code Disburs Inquiry byVendor Name .............. Detail--GL100N .............. : W~05242011-017 Line: 65 Formula: 0 : :Account;. H3 .600 : : Acct Desc ACCOUNTS PAYABLE : : Trx Date ..... 5/24/2011 SDT 5/20/11 : : Trx Amount... 4,071.00 : : Description.. CONWAY EST.PHASE II ESA : : Vendor Code.. 003079 Pay Method: : : Vendor Name.. CASHIN ASSOCIATES, P.C. : : Alt Vnd.. : : CHECK ........ 110104 SCNB : : Invoice Code. 107 : : VOUCHER ...... : : P.O. Code .... 22184 : : Project Code. : : Final Payment P Liquid. : : Type of 1099. N BOX. Addl. : : Fixed Asset.. Y : : Date Released 5/24/2011 : : Date Cleared. 5/31/2011 : : F3=Exit F12=Cancel : : : TOWN OF $otrFHOLD VENDOR 003079 CASHIN ASSOCIATES, P.C. 05/24/2011 CHECK 110104 FUND & ACCOUNT P.O.# INVOICE DESCRIPTION AMOUNT H3 .8660.2.600.100 22184 107 CONWAY EST.PHASE II ESA 4,071.00 H .8660.2.600.100 22184 107 CONWAY EST.PHASE II ESA 1,829.00 H .8660.2.600.100 22184 107 CONWAY EST.PHASE II ESA 1,829.00- H5 .8660.2.600.100 22184 107 CONWAY EST.PHASE II ESA 1,829.08 5,900.00 TOWN OFSOUTHOLD VENDOR 006182 FIDELITY NATIO xl~L TITLE INS CO 08/02/20'11 CHECK 110938 FUNDi & ACCOUNT H5 .8660.2.600.100 H5 .8660.2.600.100 H2 .868¢~.2.000.000 t{~ .8686.2.000.000 H5 ,866~.2.600.100 P.O.# INVOICE DESCRIPTION AMOUN~ 7404-80567 CONW~Y-RECORDING DEED 370.00 / 7404-80567 CONWAY-C OF O SEARCH 70~00 ~BR920 7404-80567 CONWAY-TITLE INS.POLICY 7,483.00 TBR920 7404-80567 CON~Ay-RE~ORDNG EASEMENT 370.~ TBR920 7404-8~567 CONWAY-F~E TITLE INS POL 3,186.00 ~-.~ TOTAL 11,479.00 -,'l,&l q%a,' i:Oi~&t, OSh&h,: ~,3 O00QOL, 0," TOwN OF SOUTHOLD VENDOR 006013 PATRICIA FALLON 08/02/2011 CHECK 110936 FUND & ACCOUNT P.O.~ INVOICE DESCRIPTION H2 .8686.2.000.000 H2 .8686.2.000.000 H5 .8660.2.600.100 TBR359 ST-11-11168 EDSO~TITLE CLOSER F~E TBR920 7404-80567 CONWAY-DEV RGHTS EASE. TBR920 740~-80567 CONWAY-FEE TITLE ~ \~ TOTA~ AMOUNT 100.00 lOO.0O 100.00 300~. 00' MELISSA A. SPIRO LAND PRESERVATION COORDINATOR melissa, spiro~'~own.southold.ny.us Telephone (631) 765-571 l Facsimile (63 l) 765-6640 DEPARTMENT OF LAND PRESERVATION TOWN OF SOUTHOLD OFF1CE LOCATION: Town Hall Annex 54375 State Route 25 (comer of Main Rd & Youngs Ave) Southold, New York MAILING ADDRESS: P.O. Box I 179 Southold, NY 11971-0959 To: From: Supervisor Russell Town Board Town Clerk Land Preservation Committee Town Attorney Planning Board Suffolk County Division of Real Estate Melissa Spiro, Land Preservation Coordinator Tax Assessors Building Department Data Processing Town Comptroller Stewardship Managers Peconic Land Trust, Inc. The Nature Conservancy Date: August 3, 2011 Re: CONWAY ESTATE to TOWN OF SOUTHOLD Part of SCTM #1000-54.-7-21.4 Please be advised that the Town has acquired a development rights easement on the agricultural property listed below. If you would like additional information regarding the purchase, please feel free to contact me. LOCATION: 4395 Horton Lane SCTM #: part of 1000-54.-7-21,4 PROPERTY OWNER: CONTACT DATE: Estate of Joseph M. Conroy, Estate of Julia D. Conway, and Joseph A. Conway, individually and as co-executor November 18, 2010 PURCHASE DATE: PURCHASE PRICE: TOTAL PARCEL ACREAGE: August 3, 2011 $1,812.075 (based on 28.9932 buildable acres @ $62,500/buildable acre) 30.8297 acres EASEMENT ACREAGE: 28.9932 acres RESERVE AREA: ZONING: 80,000 sq. f. A-C FUNDING: CPF 2% Land Bank MISCELLANEOUS: At a simultaneous closing, the Town purchased fee title to the parcel subject to the 28.9932 acre development rights easement. Lying within the parcel is an 80,000 square foot Reserve Area, not subject to the easement, in which the two-story residential dwelling, two-car garage, two barns, and two small storage sheds are located. See fee title purchase closing memo dated August 3, 2011