DeedTHIS INDENTURE, made the _ �A day of
Nineteen Hundred and Eighty -Eight '
Between
UPPER GLEN DEVELOPMENT CORP., a domestic corporation
organized and existing under and by virtue of the laws of the State of New
York and maintaining an office at 20 Jerome Avenue, Glens Falls, try 12801,
party of the first part, and
MARY JANE CANALE individually and residing at 20 Jerome
Avenue, Glens Falls, NY 12801,
party of the second part,
WITNESSETH that the party of the first part, in consideration of
------------------------ ONE ------------------------ Dollar ($1.00)
lawful money of the United States, and other good and valuable
consideration paid by the party of the second part, does hereby grant and
release unto the party of the second part, her heirs and assigns forever,
all that piece or parcel of land situate in the Town of Queensbury.
County of Warren, State of New York, bounded and described as follows:
Commencing at a point on the easterly boundary of New York State
Route 9, commonly known as Upper Glen Street; from thence running N 49'
14' E a distance of 372.47 feet to an iron pipe found; from thence running
N 42' 22' W a distance of 172.10 feet to an iron pipe set; thence running
S 89' 44' E a distance of 232.34 feet to an iron pipe set; thence running
S 49' 01' 30" E a distance of 193.27' to an iron pipe set; thence running
S 38. 26' W a distance 195.37 feet to an iron pipe set; thence running S
35' 23' W a distance of 94.76 feet to an iron pipe found; thence N 54. 37'
W a distance of 45 feet to an iron rod found; thence S 47' 121W a distance
of 270,31 feet to an iron rod aet in the easterly boundary of the said
Upper Glen Street; from thence running N 42' 241W along the easterly
boundary line of Upper Glen Street to the point or place of beginning,
containing 2.86 Acres ±.
Being a portion of the premises conveyed to the party of the first
part by deed of William P. Canale dated January 2, 1987, and recorded in
the Warren County Clerk's Office October 13, 1987, in Book 698 of Deeds at
Page 196.
Karen Helier Horodas, Jane Heller Marantz, Erica H. Fischer and Ruth
Heller which mortgage was recorded in Warren County Cleric's Office, on the
8th day of January, 1987, in Book 467 of Mortgages at page 726, on which
there is an unpaid principal•of Three Hundred Eleven Thousand One Hundred
Twenty-one Dollars and 71/100ths ($311,121.71), with interest from August
20, 1988, at the rate of 9 percent per annum, which said mortgage debt the
party of the second part.hereby assumes and agrees to pay, as part of the
purchase price of the above described premises, and the party of the
second part hereby executed and acknowledged this * Instrument for the
purpose of complying with the provisions of General Obligations Law,
section 5-705,
The foregoing is not all or substantially all of the real property
of the corporation.
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, her heirs and assigns forever.
And the party of the first part covenants as follows;
First, That the party of the second part shall quietly enjoy the
said premises;
Second, That the party of the first part will forever Warrant the
title to said premises.
Third, That, in Compliance with Sec. 13 of the Lien Law, the
grantor 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 payment of the cost of the improvement before using
any part of the total of the same for any other purpose.
In Witness Whereof, the party of the first part has hereut�to.set
its seal the day and year first above written.
IN PRESENCE OF -
WILLIAM P. C LE President
UPPER GLEN DEVELOPMENT CORP.
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STATE OF NEW YORK )
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COUNTY OF WARREN )
On this � day of October, 1988, before me, the subscriber,
personally came WILLIAM P. CANALE, to me personally known, who being by me
duly sworn, did depose and say that he resides in Warren County, that he
is the president of UPPER GLEN DEVELOPMENT CORP., the corporation
described in and which executed the above instrument; that he knows the
seal of said corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of Directors
of said corporation; and that he signed his name thereto by like order.
NOTARY PUBLI
RECORD S RETURN:��
MIC11AEL J. O'OONNOR
WILLIAM V. CANALE, ES Notary Public - State of New York
Q 1Yzrren County - No. O:D93?400
P.O. Box 639, 6 Sherman Avenue fly Ccmmission Expires 613a/o9
Glens Falls, New York 12801
518-793-5108
OCT 1ti 3 ,I, PM 'PP.