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HomeMy WebLinkAboutL 7621 P 10 C�\0 CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. THISINDvmade ^dy of � nineteen hundred and 1.10the7621 *� BETWEEN PHILLIP WATSON, residing at 433 Fifth Street, Greenport, New York !S party of the first part, and DONALD GALAIDA, residing at 400 Second Avenue, New York, New York party Of the second part, �1yp1 NE,q$ETH,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 p, or successors and assigns of the party of the second part forever, t 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, at Mattituck, County of Suffolk �. and State of New York, known and designated as Lot # 16 on a `f X certain map entitled, "Map of Jeeekson' s Landing" , which said map was filed in the Office of the Clerk of the. County of Suffolk on March 28,1969 as Map #5280. SUBJECT to covenants and restrictions of record affecting said premises. SUBJECT to a mortgage held by the North Fork Bank and Trust Company dated 9/28/1972, recorded 9/29/1972 in Liber 6502 cop 544 in the amount of $149500.00 and on which said mortgage there is now due and owing the principle scam of $14,002.69 and interest, and which said mortgage the party of the second part agrees to assume and pay. BEING AND INTENDED to be the same premises as conveyed to the party of the first part by deed dated 7/3/73 recorded 7/23/73 in Liber 7448 ep 335 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 pant 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 G° any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. 1N WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. IN PRESENCE OF: - m r,FAIL ESTI, F( n `TATE OF TicKNSEER lAx rfv[bV 'ivi(K * � �XJ 5. pp m � k � * — t Pao i4 .. F •h PHILLIP WAT ON ri t 8 Finance as.iovns ,t 41 ( , " � LESTER M. ALPERYSON ,EC O R DS 'APR sfforkGounryr u