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HomeMy WebLinkAboutL 8880 P 211 Snndard N.Y.S.T.U.Form 8007'g-?g-20M—bargain:nd Sate Deed.with Covenant against G,antor's Aas—Indiridnal or Corporatiot CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD BE USED BY LAWYERS ONLY. TM INDFJCr JRE, made the 5th day of September ,nineteen hundred and eighty BETWEEN GUNTER MORCHEL and GISELA MORCHEL, his wife, both residing at (no number) Nassau Point Road, Cutchogue, New York 11935 t?lSTRIG"t BECTi � K BLOCK LOY2l � party of the first par#and f2 1T 26 BRUNO KERN and ANNETTE SAVELI KERN, his wife, both residing at 177 East 75th Street, New York, New York 10,021 party of the second"part, ' Wt'TNTSSEM, that the party of the first part, in consideration of Ten ($10.00) -------------------------------------------------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 successors and assigns of the party of the second part forever, 7 ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, \� lying and being:MW at Bayview, near Southold, in the Town of Southold, County of Suffolk and State of New York, known and designated as Lot No. 11, on a certain map entitled, "Subdivision Map of Bayview v; Woods Estates", filed in the Office of the Clerk of the County of Suffolk on September 9, 1970 as Map No. 5520. BEING AND INTENDED TO BE the same premises conveyed to the grantors herein by deed dated September 27, 1971, recorded October 1, 1971 in Liber 7018 op 87 . :TAX MAP DESIGNATION' Dist. 1000 S-- 079.00 Blk. 03.00 roti=k031.00 REQ+`✓cDs 10"�eb P. -A,L ESTATr p SEP 1 1 1980 TIZANISF a TAX S'v, < ARTHUR J. FLUCE ? � SEP 11 1960' CfeTk of 01u`fo4k County 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. The grantees herein, Bruno Kern and Annette Saveli Kern, his wife, hereinbelow affix their signatures to this instrument evidencing their agreement to assume and pay the existing mortgage on the premises described herein which was made to the Southold Savings Bank by Gunter Morchel and Gisela Morchel, his wife, the grantors herein, dated May 5, 1977 and recorded May 6, 1977 in the Suffolk County Clerk's Office in Liber 7883 at page 579, and mortgage made by Gunter Morchel and Gisela Morchel, his wife, to the Southold Savings Bank dated March 10. 1980, recorded March 19, 1980 in the Suffolk County Clerk's Office in Liber 8706 at page 29, which mortgage contained a statement consolidating/with the first mortgage referred to, which mortgages were consolidated and extended by Consolidation and Extension Agreement dated March 10, 1980, recorded March 19, 1980 in the Suffolk County Clerk 's Office in Liber 8706 page 41, and on which the present remaining principal balance is $57, 700.92 with interest paid to September 5, 1980. 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- erationas 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 first part has duly executed this deed the day and year first above written. IN PRESENCE OF: _L-S Gu ter Morchel 7 a Mo el LS B uno Ker 1&f Annett` li KdrYl � ARTHUR J. FEUCE n Fj V R D E U SEP ii. 1980 Clerk 0! Suficik County