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HomeMy WebLinkAboutL 11126 P 87 Form'8002' —Axrgnin end bale Deld;with Covenant against Grantor's Acte—Individual or Corporation. (single sheet) CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLYr-\ 11126P60G17 THIS INDENTURE,made the day of nineteen hundred and BETWEEN 14th August ninety 1100 Herbert R. Mandel and Richard Israel, d/b/a DBM Co. , a New York partnership with principal offices at 443 Main Street, Greenport, New York party of the first part, and Z366 Kevin F1ynnAd Theresa Flynn, his wife 2860 Pine Tree Road DISTRICT SECTION BLOCK LOT Cutchogue, NY 11931V[U 1—(�r fi Eff �1 t Inl party of the second part, 0 12 ISI�I ;171 ;'I I It 1i L2112fQ1 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, known and designated as Lot # 38 on a certain map entitled, "Map of Highpoint Meadows, Section Two" which map was filed in the Suffolk County Clerk's Office on 3/19/1990 as Map No. 8911. Subject to the following covenant and restriction which shall run with the land to be binding upon the land, the heirs, successors, and assigns of both the party of the first part and the party of the second part: the party of the first part or assigns shall be reimbursed the sum of $2 , 570. 00 by the party of the second part, or their successors and assigns at the time the Town of Southold issues a building permit for the construction of a single family residence on the property conveyed herein. This sum of money constitutes reimbursement for that portion of the "consumer hook- up deposit per dwelling unit" which has been advanced on behalf of the party of the second part by DBM Co. , the party of the first �$ 10 part, to the Village of Greenport. aaa Being and intended to be a portion of the premises conveyed by deed • dated 4/24/90 and recorded in the Office of the Clerk of Suffolk E^°�%► County 5/9/90 in Liber 11064 page 193 . %.Ica 000 10 TAX MAP DESIGNATION Di.t. tDM 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 Sec. 055.00 and all the estate and rights of the party of the first part in and to said premises; TO HAVE AND TO I HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of Blk. Ob r 00 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 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 st part has duly executed thisdee day and year first above written. [ i3�j6 DBM y7O./t IN PRESENCE OF: DBM n AUG 24 199(1 EDWARD P.ROMAINE CLERK OF SUFFOLK UUUNTY �l C� R Eb PVA ` �x DBM CO. y� l,� 11 .r� BY Richard-Israel l eT/7 NCC.