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HomeMy WebLinkAboutL 11557 P 565 IIT M �., ` Standard N.Y.B.T.U.Form 8007 Bargain and Sale Deed,with Covenant against Grantor's Actr—Individual or Corporation. WCA2 o Mj,/,� CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. 11557b565 THIS INDE.NI'URE, made the day of � , nineteen hundred and 9oZ BETWEEN CAMELIA SPITALIERE 9 Noel Place Smithtown, New York 11787 party of the first part, and SHELBY BLEIFELD 9 Regal Court St. James, New York 11780 ^- -•�••--• RE(;+_IVE-D REAL. f_ST YE OCT 2Q 19g2 IRI�f�Sf F:R T�IX 1a SUrf-OI_K party of the second part, C 0 I_l('�FY WITNESSETH, that the party of the first part, in consideration of Ten p 11) 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 Nil 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 erect d,-situate, lying and being in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot numbered 43 on a certain map entitled "Subdivision map of Cedar Beach Park situate at Bayview, b,'(y Town of Southold, New York, made by Otto W. Van Tuyl, Professional i,.. Engineer and Surveyor, Greenport, New York" and filed in the Office of • �'. the Clerk of the County of Suffolk as Map No. 90 . 4 Wrists ; �a( �.• The Grantee or any subsequent owner of the property being conveyed tr`" herein agrees not to build any dwelling on the subject property for period of seven (7) years from the date hereof xHereinafter referred ' That notwithstanding the . .District to as "Grantee") ' 1000 foregoing, Grantee may erect a tennis court, swimming pool, pool decks or walkways at any time during said period. In addition to the Section foregoing, Grantee may erect a gazebo on the subject premises at any 090 . 00 time after two (2) years from the date of the actual closing of title to the premises being conveyed herein. • build or erecta dwelling Block In the event Grantee should wish to develop, , : 04. 00 or make any other improvements to the subject property, other than that which is set forth above and within the time frames set forth Lot above, then and in that event, Grantee shall first offer such property 018. 000 to the owner of the adjoinging parcel, to wit: District; 1000; Section 090. 00; Block 04. 00 and Lot 014 . 000, at a price set forth as described below. Upon the occurrence of Grantee wishing to erect a dwelling as set forth above, or in the event Grantee desires to sell the subject propert within seven (7) years of the date hereof, Grantee shall first offer the subject property to the then owner of the adjoining parcel, District 1000; Section 090. 00; Block 04. 00 and of 014. 000 at a purchase price equal to One Hundred Forty Thousand h '�(-$-1-40,.Q,O.0. 00)-Dollars, -to-be--inc, reased by five (5%) percent compounded r 7'I ' I ';�� azlnudp $aCryear; after the...date of actual closing of title of th __- ,._' . .._ owner will notify EDW P.ROMOE Y ],ise, its option by no OL C OCT 20OOL toti£ication If no /{ ^4'`Iri''4''''``'`M ` 'lly'1 -ci.on 18' received ,,byh,Grante,e ,at the end of the aforesaid fifteen (15) days, the option as contained herein shall become null and void. In the event of the exercise of the option, closing will take place thirty (30) days from the date of notification of the with exercise of the option, at the price Sot forth herein, all cash,