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HomeMy WebLinkAboutL 6897 P 138 pFp _(097 Q 1 '] _ ,., .... Pt� 1,0 Sianaeid 1V.��'C.IIl 8002 Bargain and Sale Deed,with Covenant against Grantor's Acts-Individual or Corporation(Siegle Sheet) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD EE USED BY LAWYERS ONLY. THIS INDENTURE, made the 4th day of March ,nineteen hundred and seventy one BETWEEN SOUTHOLD PROPERTIES CORP. , a domestic corporation with a {E{ principal office and place of business at Route 25A, Stony Brook, 1 New York party of the first part, and 3350 TURNPIKE CORP. , a domestic corporation with a principal office and place of business at 233 West Merrick Road, Valley Stream, New York party of the second part, WITNESSETH,that the party of the first part, in consideration of Ten Dollars and other valuable con- sideration 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, j situate, lying and beings at Cutehogue, Town of Southold, Suffolk County, New York, more particularly bounded and described as follows: BEGINNING at a monument on the northwesterly line of the Main Road at the southerly corner of land conveyed by John Malinowski to the New York Telephone Company, said point of beginning being 1300 feet southwesterly along said northwesterly line of the Main Road from Cox Lane, form said point of beginning; RUNNING along said northwesterly line of the Main Road South 49 degrees 3$ minutes 50 seconds West 354.04 feet to an axle and land of Sterling, being also the center line of a 22 foot right of way; RUNNING .THENCE North 43 degrees 17 minutes 50 seconds West 635.57 feet; THENCE North 47 degrees 06 minutes 20 seconds Ea.st 345.95' feet to lands now or formerly of the New York Telephone Company; RUNNING THENCE along said last mentioned lands South 43 degrees 57 minutes 10 seconds East a distance of 650.$9 feet to the point or place of BEGINNING. SUBJECT to a first mortgage now a lien on the premises dated April 16, 1970 in favor of North Fork Shopping Center, Inc. and John Malinowski; in the face amount of $46,$75.00 Dollars, together with interest a 7% percent per annum; interest paid quarterly, which mortgage is due and payable April 15, 1973, which mortgage the pur- chaser herein covenants and agrees to assume and pay. The party of the second part has simultaneously herewith executed and delivered a purchase money second mortgage in the sum of $90,000.00 intended to be recorded simultaneously herewith. SUBJECT to a right of way over the Westerly 11 feet of the re- mises in favor of the owner of the premises sdjoinin- on the Norte. This conveyance has been authorized by the holders of all of the outstanding stock of grantor corporation. 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 any- thing 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;iW*REOF, the party of, tl dl first, $art has duly executed this deed the day and year first above wsittA'f SOUTHO P1jOP TIES OR . r Ix PRE Y �. t b �u. vt= It = 33 0 U Jd I C I by Ctil .i. /<t}� oal.