HomeMy WebLinkAboutL 11700 P 882 FORM 5256 Standard N.Y.B.T.U. Form 8007 Bargain and Sale Deed with Covenant against Cranio s Acts — Individual or Corporation
'CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY.
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THIS INDENTURE, made the 16 day of September nineteen hundred and 1994
BETWEEN
PUDGE CORP. , a domestic corporation, having its principal place of.
business at 50800 Main Road, Sputhold, New York 11971,
SECTION BLOCK, �T _
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party of the first part, and O 14
NFB DEVELOPMENT CORP. , a domestic corporation, conducting business
at 160 South Ocean Avenue, Patchogue, New York 11772,
party of the second part,
WITNESSETH, that the party of the first part, in consideration of
One Dollar and other good and valuable consideration dollars,
lawful money of the United States, 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
ALL that certain plot, piece or parcel of land situate, 1�ing and
being in the Town of Southold, County of Suffolk and State of New
York, bounded and described as follows:
BEGINNING at a point on the northerly side of Main Road distant
westerly 331 .67 feet from its intersection with the westerly side
of Beckwith Avenue, as measured along the said northerly side of
Main Road; and from said point or place of beginning Running
Thence along the northerly side of Main Road (N.Y.S. Route No.
25) the following two (2) courses and distances: -_
s<
( 1) South 60 degrees 32 minutes 40 seconds West 14 .00 feet;
(2) South 60 degrees 57 minutes 00 seconds West 259. 72 feet to
land now or formerly of Bender and Dougherty;
Running Thence along sg�d land North 9 degrees 38 minutes 30
seconds West 165.08 feet; Thence North 2�9 degrees 46 minutes 00
seconds West 303.53 feet; Thence /rNPrth 30 degrees 13 minutes 20
seconds West 16. 85 feet to the southerly side of Traveler Street;
Running Thence along the southerly side of Traveler Street North
58 degrees 23 minutes 20 seconds East 25.01 feet to the land of
the U.S. Postal Service; Running Thence along land of the U.S.
Postal Service the following three (3) courses and distances:
( 1) South 29 degrees 46 minutes 00 seconds East 200 .00 feet;
(2) North 58 degrees 23 minutes 20 seconds East 150.08 feet;
(3) North 29 degrees 46 minutes 00 seconds West 200.00 feet to
the southerly side of Traveler Street;
Running Thence along the southerly side of Traveler Street North
58 degrees 23 minutes 20 seconds East 169. 82 feet to land now or
formerly of Southold Public Library; Running Thence along said
land South 28 degrees 28 minutes 40 seconds East 500. 34 feet to
the northerly side of Main Road (N.Y.S. Route 25) , the point or
place of BEGINNING.
RECORDED
EDWARD P.ROMAINE
NOV 2 1994 CLERK OF SUFFOLK COLiQix
SUBJECT TO covenants, restrict ons and easements of record, if
i
any.
BEING AND INTENDED TO BE the same premises conveyed to the party
of the first part by deeds dated 8/8/75 and recorded 8/13/75 in
liber 7891 page 103 and deed dated 12/8/77 and recorded 12/21/77
in liber 8386 page 183.
That this conveyance is made in the usual, ordinary course of
business of the party of the first part.
The conveyance of title hereunder shall not effect a merger of the
following mortgages into the fee title of the above-described
premises:
(1 ) Mortgage in the principal amount of $2,500, 000 .00 made by
Pudge Corp. to Apple Bank for Savings dated 02/26/88 and recorded
on 03/01/88 in Liber 13867 page 35, which mortgage was assigned by
Apple Bank for Savings to The North Fork Bank & Trust Company by
assignment of mortgage dated 02/13/90 and recorded on 02/16/90 in
Liber 15787 page 441, and which mortgage was further assigned from
The North Fork Bank & Trust Company to Southold Savings Bank by
assignment dated 07/25/91 and recorded 08/09/91 in Liber 16934
page 415, and further assigned by Southold Savings Bank to The
North Fork Bank & Trust Company by assignment dated 08/31/90 and
recorded 09/18/91 in Liber 17030 page 471;
(2 ) Mortgage in the principal amount of $500, 000 .00 made by Pudge
Corp. to The North Fork Bank & Trust Company dated 02/13/90 and
recorded 02/16/90 in Liber 15787 page 428;
(3) Consolidation Agreement made between Pudge Corp. and The
North Fork Bank & Trust Company dated 02/13/90 and recorded
02/16/90 in Liber 15787 page 432 to form a single first lien in
the principal sum of $3,000, 000 .00;
(4) Mortgage dated July 25, 1991, in the amount of $179,791 .69,
made by Pudge Corp. to Southold Savings Bank, which mortgage was
recorded in the State of New York, Suffolk County Clerk' s Office
on August 9, 1991, in Liber 16934 mp 387;
(5) Consolidation and Extension Agreement dated July 25, 1991,
made between Pudge Corp. and Southold Savings Bank consoli-
dating the above mortgages and agreements to form a single
first lien in the amount of $3, 127, 299. 09, which agreement was
recorded in the Suffolk County Clerk' s Office on August 9,
1991, in Liber 16934 page 404 .
EDWARD P.ROMAINE
RECORDED NOV 2 1994 CLERK OF suFFouc COUNTY