HomeMy WebLinkAboutL 8096 P 165 r y PF-"(4t7s) %audard n.Y.B.T.U.Form 8002 Bargain and Sale Deed.with Cersnaut against Granter's Aeb-Ldividual m Corporatlon(gingk
CONSULT YOUR LAWYER BEFORE SIGNING THIS INSTRUMENT—THIS INSTRUMENT SHOULD ER USfC BY LAWYERS ONLY.
19ek8096 rAA65
Thh Indenture,made the ,i �p day of April ,nineteen hundred and seventy-six,
JOHN T. SZALA and HELEN S. SZALA, his wife,
both residing at
(No Number) Buzz Pond Road,
Southold, Nevf York 11971,
Wiry ofthe first'part,and
JOHN SZALA,
i 'A
residing at
(No Number) Powder Valley Road, RD#l,,
Zionsville, Pennsylvania 18092,
party of the second part,
LLL 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 suceessm
and assigns of the party of the second part forever,
Alt that certain plot, piece or parcel of land,with the buildings and improvemapts thereon erected,situate,Ift and
i bgingbtSlmx at Arshamomaaue. Town of >Southold. Countr of Suffolk,
of New York, known and designated as Lot #15 `as showh on'.a map
entitled, "Map of Subdivision Willow Point," filed in the Suffolk
County 'Clerk's Office on June 16, 1966 as Map #4652.
RESERVATION OF LIFE ESTATE. The grantors, John T. Szala and
Helen S. Szala, hereby reserve unto themselves a joint life estate
` for their exclusive use and occupancy of the subject premises to
terminat .(
e upon: a) the ,death of the last of the grantors to die ^§k
grantors'` atEemptinto assibl .
(h') the g gn, sublease, convey or hypothe-
sate this life estate (c) the grantors' failure to pay when due ft?
all taxes, repairs and interest and principal on the existing ;r
FORTY-THOUSAND ($40,000.00] DOLLAR Southold Savings Bank first
mortgage encumbering the subject premises. The grantee, John Szala,
by his acceptance of this deed, does agree that the grantors, John T. ,.'A
Szala and Helen S. Szala, or the last of them to survive, shall have
the privilege of terminating this life estate and receiving back
all principal payments made by them upon the aforesaid Southold 'x
Savings Bank mortgage by vacating the subject premises and giving ,
the grantor, his heirs and assigns, written notice of termination
in recordable form, and upon receipt of such the refund shall be
made in cash or good certified or bank check.
RECE VE
,w
REAL ESTATE
AUG 3 1 1976
cy501TRANSFER TAX.
C0UV7Y C
Together with all right,title and interest, if any, of the party of the first part in and to any streets and roadsabutting
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. ash
And the party of the first part covenants that the party of the first pert has not done or suffered anything whereby the n-
said premise*4"e beeneneumbered in anpway 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 consideration 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 pay-
ment 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. k
In Witness Whereof, the party of the first 4
pa pert has duly executed this deed the day and year first above written „ ;
In Presence
c, r
T. SZALA s�
HELENS. SZALA "£
;t
TESTER M. AL6ERTSON
RECORDED
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