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THIS INDtNTURE, Ade the 21st 'Ly of June, nineteen
hundred and seventy-six BETWEEN REBA SECURITIES, INC . , a `1
Virginia corporation ("Reba" ) and BAYVIEW RESORT INC ., a
New York corporation ("Bayview")
WITNESSETH, that Reba, in consideration of One
Hundred Ninety-one Thousand Three Hundred Twenty-two and
69/100 ($191 ,322 , 69) dollars, paid by Bayview, does hereby
grant and release unto Bayview, its successors and assigns ,
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ALL that certain plot, piece or parcel of land,
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with the buildings and improvements thereon erected, situate`,
lying and being in Bayview, new Southold, in the Town of
Southold, County of Suffolk, and State of New York, bounded' `
and described as set forth on Schedule A attached hereto.
TOGETHER with all right, title and interest, if
any, of Reba in and to 'any , streets and roads abutting the
above described premises to the center lines 'thereof.
TOGETHER with the appurtenances and all the
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estate and rights of Reba in and to said premises,
TO HAVE AND TO HOLD the premises herein granted
unto Bayview, its successors and assigns, forever.
ALE$TATA � STATE OF` �r
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SCHEDULE A
ALL that .certain plot , piece or parcel of land, with the
buildings thereon erected, situate , 'lying and being; in the
Bayview, new Southold , in the Town of Southold , County of
Suffolk and State of New York, bounded and described as
follows :
BEGINNING in the northwesterly corner thereof at a point in
the southerly side of Main Bayview Road, sometimes called
North Bayview Road, distant south 64 degrees 07 minutes east as
measured along the southerly side: of said Road 1.2 feet from -
a monument set -in the northeasterly corner of land of Sophie
Anderson;
Running thence south 64 degrees 07 minutes east along the
southerly side of said Road 230 feet to the westerly line of
other land of William Victoria and Regina G. Victoria;
Running thence the three -following courses and distances along
last mentioned land, to wit :
(1) south 25 degrees 53 minutes west 250 feet to a corner;
((2)) south 64 degrees 07 minutes east 110 feet to the center line
of_a-channel or boat basin leading southerly into Corey Creek;
(3) south I degrees 00 minutes west along the center line of said
channel or boat basin 397,48 feet to the high water mark of
Corey 'Creek;
Running thence the six following courses and distances along
said high water mark of Corey Creek to wit :
1 south 82, degrees 06 minutes 40 seconds west 122:52 feet;
2 south 62 degrees 36 minutes 10 seconds west 117,72 .feet ;
3 south 36 degrees 30 minutes 140 seconds< west` 58.30 feet;
4 south 20 degrees 36 minutes 50 seconds west 68.79 feet ;
5 south 50 degrees 25 minutes 40 'seconds west 200.07 feet and
6 north 72 degrees 54 minutes 20 seconds west , 292. 77 feet
to the easterly line ofland now or formerly belonging to the
Koke Estates ; ;
Running thence north 25 degrees 53 minutes east along the
easterly line of land last mentioned ;
being along the easterly line of ri.tvht of wny , 12 feet wide
br the extension in the straight: line of said easterly line of
said right of way as it separates premises herein described
from the premises of Sophie /Anderson, the distance of 1069.48
feet to the point or place of beginning.
Yage her uah ell rn;Abr, sale and haoc f ol, in and an any meat and ro,adr ibrranng sbe al..t e defuibed. pnmams.
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SUBJECT TO (i) An existing consolidated first
mortgage held by Suffolk County_National Bank,: as recorded
in the office of the Clerk of Suffolk County at` liber
3951 MP 480, liber 4039 MP 71 , liber 4103 MP 483 , liber
5112 MP 339 and liber 6073 MP 01, in the current unpaid
principal amount of $15 ,998 .28; and (ii) An existing second
mortgage held by William and Regina Victoria recorded
in the office of the Clerk of Suffolk County at liber 6073
MP 11 , in the current unpaid principal amount of $112 ,334 ,11 .
AND Reba covenants that it has not done or suffered
anything whereby the said premises have been incumbered
in any way whatsoever except for the taking of a $60,000
purchase money third mortgage to Reba, intended to be
recorded immediately after the recordation of this instrument .
AND Reba, in compliance with Section 13 of the
Lien Law, covenants it 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
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the. same first to the payment of the cost of the improvement
i; . before using any part of the total of the ,same for any
other purpose .
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