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HomeMy WebLinkAboutL 11774 P 10 r NO CONSIDERATION CORRECTION DEED Form 800'.2 �Dargain and Sale Deed with Covetunt agawt Crtentoes Acta—Individual or Corporation(single sheet) I CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOUL BE USED BY LAWYERS ONLY. 069th"Mdayof P!^'Y l0�DISTRICT � ; -: 'I �QJ�L.LJ �THIS IND ma NUember, nineteeRtundred and ninety-five l BETWEEN GERALD KING residing at 423 Sixth Avenue, Greenport, New York, 11944 party of the first part, and GREGORY C. KING, as to an undivided fort<v -n3nq (49%) percent inftrgl%jesiding at 423 Sixth Avenue, Greenport, New York 11944 and GERALYN A. as to an undivided one(1%) percent interest, residing at 892 Yorktown Road, Collierville, Tennessee, 38017 party of the second part, WITNESSETH that the party of the first part, in consideration of Ten Dollars and other valuable consideration paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, an undivided one-half(1/2) interest ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being at Greenport, Town Of Southold— Suffolk County, New York, and designated as Lot #37 on a certain map entitled Subdivision Map, part of the Estate of Thomas F. Price, Sr., situate at Greenport, Town of Southold, Suffolk County, New York, which Map was made by Otto Van Tuyl, dated November 29, 1927 and filed in the Office of the Clerk of Suffolk County, New York, which Lot is bounded on the East by Sixth Avenue, 50 feet; on the South by Lot #38, 150 feet; on the West partly by Lot #59, 50 feet; and on the North by land of the party of the second part, 150 feet. It is understood by the party of the second part that certain streets shown on the above said Subdivision Map and known as Oak Street, Maple Street, West Street and Seventh Avenue and running to the property of the Union School District No. 10 on the westerly side of the Subdivision Map have been closed at the junction with the said Union School District No. 10 property and that they are Dead End Streets. RESERVING, HOWEVER, a legal life estate in the above-described premises with the buildings and improvements thereon erected, in and to the party of the first part. BEING AND INTENDED TO BE the same premises conveyed to the party of the first part by deed dated May 17, 1951 which deed was recorded in the Office of the Clerk of the County of Suffolk on May 18, 1951 in Liber 3216 Page 578. THIS IS A CORRECTION DEED made to correct deed dated November 9, 1995 recorded in the Office of the Clerk of the County of Suffolk on January 12, 1996 in Liber 11757 page 938 which v. EMMI)p.F10MAK RECORDED MAY 14 1996 aMoFSUl BV d' 11774 F010 correction is the conveyance of an undivided one-half(1/2) pcxo0tllC interest with a retained life estate to the party of the first part. TOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and roads abutting the above described premises to the center lines thereof, TOGETHER with the appurtenances and all the estate and rights of the party of the firs! part in and to said premises, TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. AND the party of the first part covenants that the party of the first part has not done or suffered anything whereby the said premises have been encumbered in any way whatever, except as aforesaid. AND the party of the first part,in compliance with Section 13 of the Lien Law,covenants that the party of the first part will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word "party" shall be construed as if it read"parties"whenever the sense of this indenture so requires IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written GERALD KING STATE c`/T---- STATE OF NEW YORK,COUNTY OF SUFFOLK SS: Or.the -5t4ay of;,:,r 1 1 1996, before me personally came GERALD KING, to me known to be the individual described in and who executed the foregoing instrument and acknowledged that he executed the same Notary Public WXLKM �Y ANkb emw of Now Wtt Ilo. 4Oi48t6 tiu,. &ftunty - T°n"Fiv+rsa Fs&wry 28.199