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11481, 42
nO MF,N7ZM%made the oZ M1 day of .nineteenhundred and ninety-two
BETWEEN the NORTH FORK HOUSING ALLIANCE, INC., a not-for-profit corporation,
having its principal office at 18 South Street, Greenport, New York 11944,
SECTION BLOCK Eg�
obl,Di5i RiCT r`IR rIO
12 17
party of the first Pte, and HABITAT FOR HUMANITY OF SUFFOLKjnaa_rfot-for-profit
C C corporation with an office at Brookhaven Drive (Box 148) , Rocky Point, NY 11778,
REAL ESTATE .3t
"
JUN 11 1992
party of the second part, IRA%SFER TAX .
SUFFOLK
W[I'NF.SSETHr that the party of the fust part,in consideration of T 041.4
�\ dollars,
lewftd money of the United States, paid
1�,(/►�J /f by the party of the second part, does hereby remise, release and quitclaim unto the party of the second put,
1 the heirs or successors and assigns of the party of the second Part forever,
PR OPE
ESU'Ah`
ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon eroded, situate.
ERhca P
lying and being in the Town of Southold, County of Suffolk and State of New York, known
and designated at Lot, N6. 79 on a certain map entitled, 'Map of Greenport
Driving Park" filed in the Suffolk County Clerk's Office on 12/1/09 as Map No.
District
1000 369.
FURTHER, notwithstanding the above description, it is the intention of this
Sectio conveyance to give title only to such property as was acquired by the Town of
Section
Southold by Tax Deed on December 16, 1986, from the County of Suffolk, New York,
Block and recorded on December 16, 1986 in Liber 10194, Page 390.
02.00 PROVIDED, however, that the Habitat for Humanity of Suffolk will be restricted
I,Ot in its use of the subject premises and will use said premises solely and
exclusively for affordable housing purposes; all right, title, and interest will
026.000 revert to the North Fork Housing Alliance, Inc., at the sole option of the North
Fork Housing Alliance, in the event that the Habitat for Humanity, at any time
uses or attempts to use said subject premises for other than affordable housing
purposes, in accordance with the approved plan submitted by the Habitat for
Humanity. The reverter clauses contained herein shall apply to the grantee, or
any transferee from the grantee formed pursuant to Article XIX - Affordable Home
ownership Development Program of the Private Housing Finance Law of the State of
New York, or a not-for-profit corporation formed under §402 of the
Not-for-Profit Corporation Law for affordable housing purposes.
Additionally, if any one or more of the following occurs, the property secured
by this deed shall revert as hereinbefore set forth:
1. If the Habitat for Humanity fails to construct or complete construction of
affordable housing unit or units on said property within three (3) years from
the date of this deed;
2. If the Habitat for Humanity sells or otherwise transfers an affordable
L -
�� � [� housing unit or units to a purchaser or purchasers whose total annual household
income, from all sources, is above the maximum income limits for non-targeted
areas in the State of New York Mortgage Agency's Affordable Housing Program for
Suffolk Countyi - bW
1 X13(0 - SB
RECORDED > 1992 Comm,'