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HomeMy WebLinkAboutL 5727 P 414 8� R.5 a-a _. P i CONSULT YOUR LAWYER 19MRE SIGNING THIS INSTRUM ENT-THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY THIS INDENTURE,made the 7`x� day of April ,nineteen hundred and sixty—five. BETWEEN THE CHARLES E. and JULIE V. LOEW FOUNDATION, INC., a Y membership corporation, duly_organized and existing under and by virtue of the laws of the State of New York, with offices at _ ale 120 Wall Street, New York, New York, V party of the first part,and DOROTHY K. VERDERESE, residing at Main Street, 9 ` Cutchogue, Long Island, New York, Party of the Second Part, pursuant to an order of the Supreme Court of the State of New York, County of Suffolk made and entered on the lst day of March, 1965, in a proceeding entitled "In the Matter of the Application of THE CHARLES E. and JULIE V. LOEW FOUNDATION, INC., for leave to sell certain real property" bearing LL1l1Index Number 124559-1965.ETWENTY THOUSAND ($20,000.00) WITNESSETH,that the p IIIgINiIIIIIIIII arty of the first part,in consideration ofMiWdollars 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, zALL that certain plot,piece or parcel of land,with the buildinzs and improvements thereon erected,situate, �6 Tying and being in the Village of New Suffolk, Town of Southold, County of Suffolk and State of New York, bounded and described as follows: 'tXs BEGINNING at a granite monument set on the southerly side of Jackson Street at the Northeasterly corner of land of Carrie S. Gibb, a. . being 431.57 feet westerly along said line of Jackson Street from the westerly line of Fifth Street; running thence along said line of .?' Jackson Street South 84 degrees 00 minutes East 200.0 feet; to an iron pipe; thence on a line parallel to the easterly line of said land of Carrie S. Gibb South 6 degrees 08 minutes 20 seconds west 410 feet, more or less, to a bulkhead and ordinary high water mark ofGreat Peconic Bay; thence westerly along said bulkhead and said ordinary high water mark of Great Peconic Bay 200 feet, more or less, to said land of Carrie S. Gibb; thence along said land of Carrie S. Gibb North 6 degrees 08 minutes 20 seconds East 417 feet, more or - "" less, to the point or place of BEGINNING. BEING the same premises heretofore conveyed by JAMES R. BIANCOLC and JULIE MAE BLANCOLO, his wife, to the CHARLES E. and JULIE V. LOEW FOUNDATION, INC., by Deed dated November 27, 1963, recorded January 7, 1964,_, in Liber 5478, Page 434-435 of Conveyances, in the Office of the Clerk of Suffolk County, New York. 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 Rod all the estate and rights of the party of the first part in and to slid premises'I TO HAVE AND TO HOLD the premises herein granted to the party of the second part,the heirs or sucrvssors 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 mm'eyance and will hold the right to receive such cmSid- eration as a trust fund to be applied first for the purpose of paying the cast of the improvement and will apply the same first to the payment of the cost of the improvement before using my 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 WHEREOF,the party of the first part has duly executed this deed the day and year first above written. IN PRESENCE OF: THE CHARLES E. and JULIE V. LOEW FOUNDATION, INC. pres. L.