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Home My WebLink AboutL 11954 P 591 NYS d )und ud N.Y.B.I.U.Form 80V7• -Bugain and S,Ie Deed, with C.... agairo, Guntoi, Aas—Individual o,C.,po,.io"(single fhm,) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. THIS INDENTURE,made the Lday of March nineteen hundred and ninety-nine 3 BETWEEN LBV PROPERTIES, LLC, . having an office at 888 Veterans Memorial Highway, Suite 520, Hauppauge, New York 11788, party of the first part, and PECONIC LANDING AT SOUTHOLD, INC., having an office at Feather Hill, Route 25, P.O. Box 430, Southold, New York 11971, 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, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the SEE SCHEDULE "A" ATTACHED HERETO AND MADE A PART HEREOF The party of the second part covenants that in the event that within five (5) years from the date hereof, the party of the second part shall convey all or any portion of the premises conveyed by this deed to an entity other than a nonprofit entity or an affiliate of the party of the second part (providing that such nonprofit entity or affiliate shall be engaged in the business of developing, owning or operating a life care community to be located on the premises) , then fifty (50%) percent of the portion of the purchase price paid therefor which is in excess of $8,200, 000.00 shall be paid over to the party of the first part at the time of such conveyance as tclditional consideration for the conveyance. This covenant shall terminate on the earlier of (a) March 15, 2004 or (b) upon the construction of a life care facility on the premises. For the purposes of this covenant only, the party of,the second part has executed this deed. 'FOGETHER with all right, title and interest, if any, of the party of the first part in and to any streets and roads abutting the above described premises to the center lines thereof; TOGETHER with the appurtenances and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. 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 consid- eration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. IN PRESENCE OF: LBV PROP vR' S, LLC 0 BY• e2 PECONI('�C/�7LANDING A SOUTHOLD,�I�J . CHICAGO TITLE INSURANCE COMPANY Title NO.: 9606-02466 LEGAL.DESCRIPTION ALL THAT CERTAIN PLOT, PIECE, OR PARCEL OF LAND, SITUATE, LYING, AND BEING AT GREENPORT, TOWN OF SOUTHOLD, COUNTY OF SUFFOLK AND STATE OF NEW YORK, BOUNDED AND DESCRIBED AS FOLLOWS: BEGINNING AT A GRANITE MONUMENT FOUND ON THE NORTHERLY SIDE OF MAIN ROAD (NYS RTE 25) AT THE SOUTHWESTERLY CORNER OF LAND NOW OR FORMERLY JOHN ABADIOTAKIS AND CHRISTIAN ABADIOTAKIS, FORMERLY H. DWIGHT RIPLEY, BEING THE SOUTHEASTERLY CORNER OF THE PREMISES HEREIN DESCRIBED: RUNNING THENCE FROM SAID POINT OF BEGINNING SOUTH 66 DEGREES O1 MINUTES 20 SECONDS WEST ALONG THE NORTHERLY SIDE OF MAIN ROAD (NYS RTE 25) 634.76 FEET TO A MONUMENT FOUND AND LAND NOW OR FORMERLY JERRY H. SCHOFIELD AND FRANK JUSTIN MCINTOSH; RUNNING THENCE ALONG LAND NOW OR FORMERLY JERRY H. SCHOFIELD AND FRANK JUSTIN MCINTOSH THE FOLLOWING FOUR (4) COURSES AND DISTANCES: 1. NORTH 11 DEGREES 31 MINUTES 10 SECONDS WEST 210 .00 FEET, 2 . NORTH 19 DEGREES 16 MINUTES 00 SECONDS WEST 344.00 FEET, 3 . SOUTH 65 DEGREES 47 MINUTES 10 SECONDS WEST 213 .37 FEET, 4 . SOUTH 19 DEGREES 16 MINUTES 00 SECONDS EAST 550.15 FEET TO THE NORTHERLY SIDE OF MAIN ROAD (NYS RTE 25) RUNNING THENCE ALONG THE NORTHERLY SIDE OF MAIN ROAD (NYS RTE 25) THE FOLLOWING TWO (2) COURSES AND DISTANCES; 1. SOUTH 65DEGREES 23 MINUTES 50 SECONDS WEST 285 .49 FEET, 2 . SOUTH 6'r5 DEGREES 36 MINUES 40 SECONDS WEST 589.52 FEET TO LAND NOW OR FORMERLY JEM REALTY CO. ; RUNNING THENCE ALONG LAND NOW OR FORMERLY JEM REALTY CO. THE FOLLOWING FOUR (4) COURSES AND DISTANCES: 1. NORTH DEGREES 39 MINUTES 10 SECONDS WEST 1084.54 FEET;T, 2 . NORTH 65 DEGREES 07 MINUTES 50 SECONDS EAST 376.40 FEET, 3 . NORTH 32 DEGREES 28 MINUTES 10 SECONDS WEST 982 .87 FEET, 4 . NORTH 32 DEGREES 57 MINUTES 20 SECONDS WEST 426.81 FEET TO THE APPROXIMATE HIGH 'WATER MARK OF LONG ISLAND SOUNDS; RUNNING THENCE ALONG THE APPROXIMATE HIGH WATER MARK OF LONG ISLAND SOUND THE FOLLOWING FOURTEEN (14) TIE-LINE COURSES AND DISTANCES: 1. NORTH 55 DEGREES 13 MINUTES 20 SECONDS EAST 41.44 FEET, 2 . NORTH 40 DEGREES 13 MINUTES 18 SECONDS EAST 162 .82 FEET, 3 . NORTH 48 DEGREES 59 MINUTES 18 SECONDS EAST 156.47 FEET, 4 . NORTH 53 DEGREES 12 MINUTES 47 SECONDS EAST 85.49 FEET, 5 . NORTH 33 DEGREES 06 MINUTES 38 SECONDS EAST 156.54 FEET, 6 . NORTH 25 DEGREES 04 MINUTES 36 SECONDS EAST 352 .41 FEET, 7. NORTH 49 DEGREES 30 MINUTES 59 SECONDS EAST 81.53 FEET, 8. NORTH 64 DEGREES 30 MINUTES 21 SECONDS EAST 163 .50 FEET, �cr^�` -LEGAL DESCRIPTION CONTINUED- 11954PE591 CHICAGO TITLE INSURANCE COMPANY Title No.: 9608-02466 LEGAL DESCRIPTION 9. NORTH 55 DEGREES 49 MINUTES 13 SECONDS EAST 172 .29 FEET, 10. NORTH 65 DEGREES 46 MINUTES 13 SECONDS EAST 154 .46 FEET, 11. NORTH 45 DEGREES 07 MINUTES 11 SECONDS EAST 135 .34 FEET, 12 . NORTH 55 DEGREES 35 MINUTES 02 SECONDS EAST 214 .28 FEET, 13 . NORTH 45 DEGREES 33 MINUTES 00 SECONDS EAST 362 .94 FEET, 14. NORTH 27 DEGREES 45 MINUTES 52 SECONDS EAST 504 .31 FEET TO LAND NOW OR FORMERLY FLOYD F. KING, JR. ; RUNNING THENCE ALONG LAND NOW OR FORMERLY FLOYD F. KING, JR THE FOLLOWING FOURTEEN (14) COURSES AND DISTANCES: 1. SOUTH 30 DEGREES 10 MINUTES 40 SECONDS EAST 926.10 FEET, 2. SOUTH 31. DEGREES 03 MINUTES 40 SECONDS EAST 300.01 FEET, 3 . SOUTH 28 DEGREES 19 MINUTES 30 SECONDS EAST 89.61 FEET, 4. SOUTH 13 DEGREES 46 MINUTES 30 SECONDS EAST 33 .68 FEET, 5. SOUTH 27 DEGREES 56 MINUTES 50 SECONDS WEST 65.47 FEET, 6. SOUTH 00 DEGREES 19 MINUTES 40 SECONDS EAST 179.94 FEET, 7. SOUTH 01. DEGREES 34 MINUTES 00 SECONDS EAST 300.20 FEET, 8 . SOUTH 03 DEGREES 40 MINUTES 00 SECONDS EAST 100.00 FEET, 9. SOUTH 00 DEGREES 04 MINUTES 20 SECONDS WEST 172 .71 FEET, 10 . SOUTH 05 DEGREES 18 MINUTES 40 SECONDS EAST 100.93 FEET, 11. SOUTH 00 DEGREES 39 MINUTES 30 SECONDS EAST 100.15 FEET, 12. SOUTH 01 DEGREES 45 MINUTES 00 SECONDS EAST 434.17 FEET, 13 . SOUTH 07 DEGREES 02 MINUTES 00 SECONDS EAST 40 .19 FEET, 14 . SOUTH 76 DEGREES 49 MINUTES 10 SECONDS WEST 155.11 FEET; RUNNING THENCE STILL ALONG LAND NOW OR FORMERLY FLOYD F. KING, JR AND ALONG LAND NOW OR FORMERLY JOHN A.BADIOTA.KIS AND CHRISTIAN A.BA.DIOTAKIS, SOUTH 24 DEGREES 34 MINUTES 30 SECONDS EAST 805.00 FEET TO THE NORTHERLY SIDE OF MAIN ROAD (NYS RTE 25) AND THE POINT OR PLACE OF BEGINNING. 11954P1591 12 RECEWD 3 $ 3`L/ .tzEcoaoeo Number of pages S REAL. ESTATE ' TOR.RENS MAR 31 1999 99 MkR 31 NJ 2: 27 EDIV ^nU•"lAl?<E Serial# ARD P.CLERK APiD 7AAift/EA7AX REGISTRAR OF Certificate #_ siom SUFFOLK COU)dTY COMM}► Prior CIE # Deed/ Mortgage Iastrumenl Deed/ Mortgage Tax Stamp Recording/Filing Stamps FEES Page/Filing Fee Mortgage Atnt. Handling S : 1. Basic Tax TP-584 v O 2.Additional Tax Notation Sub Total EA-52 17(County) S Sub Total 3y' " O — Spec./Assn. EA-5217 (State) 2 S o Or Spec./Add. R.P.T.S.A. -� Cs� �JT TOT.MTG.TAX Comm.of Ed. 5 00 ?y Dual Town Dual County Held for Apportionment Affidavit G+^ 3 I Z v Transfer Tax Certified Copy ✓ �9 � Mansion Tax / The property covered by this mortgage is or Reg. Copy will be improved by a one or two family Sub Total ys - O CD dwelling only. Other YES or NO GRAND TOTAL 7 -S If NO, see appropriate tax clause on page# of this instrument. ICi 6 pQA Real Property Tax Service Agency Verification 6 1 Community Preservation Fund ctWR)lY L, Dist. Section Block Lot Consideration Amount $815361932,00 Saa IdoO 035.00 01.00 025-a00 CPF Tax Due $ _ � �� `D 'e Improved Initials ' RECEIVED Vacant Land ✓/ 7 Satisfactions/Discharges/Releases List Property Owners Mailing Ad ess TD 40 RECORD& RETURN TO: 14AR 3 1 1999 TD :klirl 2. Cuddy �l �woul"�nc Q t 1S-fr�j7- 11901 E�ERVA LRSFUN TD s Title Company Information Co. Name GTL Title # 1)09—Ozq(, 9 Suffolk County Recording & Endorsement Page 'IhiS page forms part of the attached _ De uj made by: (SPECIFY TYPE OF INSTRUMENT) The premises herein is situated in Lav L-te�, L I L SUFFOLK COUNTY,NEW YORK. TO In the Township of -5c,,A A �Pr, i Vs�� SaQ 1 i c In the VILLAGE or HAMLET of coo O1. rnC- BOXES 511 IRU 9 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO RECORDING OR FILING. t (OVER)