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THIS INDENTURE, made the 3),-l) day of 0 C -Y e' _ I, nineteen hundred and seventy three
1 BETWI:iU JOHN PETALLIDES & FANNY PF,TALLIDES, his wife, both residing at
17 Beaver Drive, Bayville, Long Island, New York
party of the first part, and COSTAS PETALLIDES, R•3siding at 36-17 30th Street
t' Long Island City, New York
v
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 Town of Southold, County of Suffolk and State of
New York, bounded and described as follows:
BEGINNING at a point which is the following two courses and
distances from a concrete monument set on the westerly side of.
Breakwater Road (also known as Luther ' s Road) at the point where
the southerly line of lot 195 as shown on a certain map entitled,
"Captain Kidd Estates" , and filed in the Office of the Clerk of
Suffolk County as Map No. 1672, intersects the said westerly side
of Breakwater Road, to wit: (1) South 190 48 ' west along said
westerly side of Breakwater Road, 182. 98 feet; and thence (2)
North 870 11 ' West, 963 .18 feet; and from said point of beginning
so determined, running South 20 49 ' West 125 feet along land now
or formerly of Joseph G. Morris and wife; thence running North 870
11 ' West, 27.31 feet and South 760 09 ' 40" West 62.05 feet; thence
running North 130 50 ' 20" west, 125 feet; thence north 760 09 ,
40" East, 80.35 feet and South 870 11 ' East 45.61 feet to the point
or placeofBEGINNING.
SUBJECT to a mortgage held by Southol� Savings Bank in the amount of
$13, 752.46 .
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 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 sante 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 dee he day and year first above
written.
IN PRESENCE OF:
JOHN PW ALLIDES
kEAL ESTATE SIATE OW.W"_
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• FA PE LLIDES