Preview
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
EXHIBIT F
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
TheOfficeoHheWestchester CountyClerk:ThispageIspartoftheInstrument;1heCountyClerkwill
provided
relyontheinforrnation onthispageforpurposes of ndexingthisinstrument.Tothebestof
submittersknowledge,theInformation
containedonthisRecordingandEndorsement CoverPageis
consistent conialnedIntheattached
withtheinfonnation document.
*622693632ASS0023*
Westchester County Recording & Endorsement Page
Submitter Information
Name: Blackacre Title Agency Corp. Phone: 914-481-5000
Address 1: 2900Westchester Avenue, Suite 405 Fax: 914-481-5005
Address 2: Email: mmendicino@batitle.com
Gity/State/Zip: Purchase NY 10577 Reference for Submitter: Fairbridge - Ctsy AOM - Universtity Ave
Document Details
Control Number: 622693632 Document Type: Assignment (ASS)
Package ID: 2022092600285001001 Document Page Count: 5 Total Page Count: 7
PartieS Addltlanal Partles on Continuation page
1st PARTY 2nd PARTY
1: PAIRBRIDGEREAL ESTATEINVESTMENTTRUST LLC - Other FAIRBRIDGECREDIT LLC - Other
1:
2: 2:
B AddItIonal Properties pn Continuation page
Property
Street Address: 86 UNIVERSITY AVENUE Tax Designation: 5-5071-44
City/Town: YONKERS Village:
Cross- References Additional Cross-Refs on Continuation page
1: 621593444 2: 3: 4:
Supporting Documents
Recording Fees Mortgage Taxes
Fee: $40.00 Docurnent Date:
Statutory Recording
Page Fee: $30.00 Mortgage Amount:
Cross-Reference Fee: $0.50
Mortgage Affidavit Filing Fee: $0.00 Basic: $0.00
RP-5217 Filing Fee: $0,00 Westchester: $0.00
$0.00
TP-584 Filing Fee: Additional: $0.00
RPL 291 Notice Fee: $0.00
MTA: $0.00
Total Recording Fees Pald: $70.50
Speclal: $0.00
Transfer Taxes Yonkers: $0.00
Consideration: $0.00 Total Mortgage Tax: $0.00
Transfer Tax: $0.00
Mansion Tax: $0.00 Dwelling Type: Exempt:
Transfer Tax Number: Serial #:
REGORDEDIN THE OFFICE OF THE WESTCHESTERCOUNTY CLERK Record and Return To
Recorded: 09/27/2022 a103:20 PM ¤ Pick-up at County Clerk's office
Control Number: 622693632
Witness my hand and officlal seal
NL Fairbridge Credit LLC
707 Westchester Avenue, Suite 304
TimothyC.ldoni
WestchesterCountyClerk
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
Record and Return: Premises:
Fairbridge Credit LLC 86, 90, & 98 University Avenue
707 Westchester Avenue, Suite 304
Yonkers, New York 10704
White Plains, New York 10604
Section 5, Block 5071, Lots 44, 46, & 50
Attn: Alexis DiGirolamo
(respectively)
County of Westchester
ASSIGNMENT OF MORTGAGE AND NOTE
KNOW THAT FAIRBRIDGE REAL ESTATE INVESTMENT TRUST LLC,
a Delaware limited liability company with its place of business at 707 Westchester Avenue, Suite
304, White Plains, New York 10604 ("Assignor"), in consideration of good and valuable
consideration, from FAIRBRIDGE CREDIT LLC, a Delaware limited liability company, with
its place of business at 707 Westchester Avenue, Suite 304, White Plains, New York 10604 (the
"Assignee"), hereby assigns unto the Assignee each of (i) the note or notes (each a "Note",
collectively the "Notes") identified by Assignor in the Loan Schedule annexed hereto as Exhibit
"Mortgage"
A and made a part hereof, and (ii) the mortgage or mortgages (each a and collectively,
the "Mortgages") identified by Assignor on the Loan Schedule annexed hereto as Exhibit A and
made a part hereof, which Mortgages encumber the property described on Exhibit B attached
hereto and made a part hereof;
ASSIGNOR has granted, bargained, sold, assigned, conveyed and transferred, and
by these presents does grant, bargain, sell, assign, convey and transfer unto Assignee, its heirs,
successors and assigns, forever all of its right, title and interest in, to and under said Notes and
Mortgages , together with any and all rights, interests and appurtenances thereto belonging, and
each of the Notes shall hereafter be payable to the order of Assignee;
TOGETHER with debts and bonds or notes or obligations described in the
Mortgage and the moneys due and to grow due thereon with interest;
TO HAVE AND TO HOLD the same unto the Assignee, and to the successors,
legal representatives and assigns of the Assignee forever.
FOR the purposes of §275 of the Real Property Laws of the State of New York, the
Assignee is not acting as a nominee of the Mortgagor and the Mortgage continues to secure a bona
fide obligation.
THIS Assignment is made without representation or warranty of any kind
whatsoever, other than as contained herein, and without recourse to the Assignor in any case or
event, or for any purpose whatsoever.
[signature page follows]
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
Effective Date: September 1, 2022.
FAIRBRIDGE REAL ESTATE INVESTMENT
TRUST LLC,
a Delaware limited liability company
B :
me: John C. L
Title: Authori Signatory
STATE OF NEW YORK )
) ss.
COUNTY OF WESTCHESTER )
12th
On the day of September in the year 2022, before me, the undersigned, a Notary
Public in and for said State, personally appeared John C. Lettera, personally known to me or proved
to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the
within instrument and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual, or the person upon behalf of which the individual
acted, executed the instrument.
Notary Public
L I DI R LA
NOTARY PUBLIC, STATE OF NEW YORK
Registration No, 02DIB421231
Qualified in Rockland County
Commission Expires August 30, 2025
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
EXHIBIT A
LOAN SCHEDULE
Note
1. Building Loan Note dated June 2, 2022, made by UNIVERSE BUILDING ASSOCIATES,
LLC, a New York limited liability company having its principal office at 53 Torre Place,
Yonkers, New York 10703, as maker, in favor of FAIRBRIDGE REAL ESTATE
INVESTMENT TRUST LLC, a Delaware limited liability company, having its principal
office at 707 Westchester Avenue, Suite 304, White Plains, New York 10604, as payee, in
the principal sum of $1,500,000.00.
Mortgage
1. Building Loan Mortgage dated June 2, 2022, made by UNIVERSE BUILDING
ASSOCIATES, LLC, a New York limited liability company having its principal office
at 53 Torre Place, Yonkers, New York 10703, as mortgagor, to FAIRBRIDGE REAL
ESTATE INVESTMENT TRUST LLC, a Delaware limited liability company, having
its principal office at 707 Westchester Avenue, Suite 304, White Plains, New York
10604, as mortgagee, in the principal sum of up to $1,500,000.00, and recorded on June
8, 2022 in the Office of the Westchester County Clerk as Control Number 621593444,
on which mortgage the mortgage tax was duly paid.
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
EXHIBIT B
LEGAL DESCRIPTION
ALL that certain plot, piece or parcel of land, situate, lying and being in the City of Yonkers,
County of Westchester and State of New York being known and designated as Lots #1, #2, #3,
entitled," N.Y."
#4,#5 & #6, #7 and #8 Block 22 on a map Map of Gunther Park, Yonkers, made
by Allen Farring & Co., Engineers and filed in the Westchester County Clerk's Office Division
of Land Records on October 23, 1902 as Map # 1218.
Said Lots have been re-apportioned as shown on the Official Tax Assessment Maps of the City of
Yonkers and described as follows:
Parcel 1: As to: 86 UNIVERSITY AVENUE ( Tax Lot 44)
ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yonkers,
County of Westchester and State of New York, known and designated as Tax Lot 44 in Block
5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of the City
of Yonkers", being more particularly bounded and described as follows:
BEGINNING at a point on the formed by the southerly side of University Avenue and the easterly
side of Taft Avenue;
RUNNING THENCE along the southerly line of University Avenue 58.00 ft to a point formed
by the division line of Tax Lots 44 and 46;
RUNNING THENCE along the division line of Tax Lots 44 and 46 at an interior angle of 90
degrees with the last mentioned course, a distance of 100.00 feet to a point formed by the
dividing line of Tax Lots 44 and 39;
RUNNING THENCE along the division line of Tax Lots 44 and 39 at an interior angle of 90
degrees with the last mentioned course, a distance of 75.00 feet to a point on the easterly side of
Taft Avenue;
RUNNING THENCE along the easterly side of Taft Avenue at an interior angle of 90 degrees
with the last mentioned course, a distance of 50.00 feet to a point;
RUNNING THENCE along the easterly side of Taft Avenue at an interior angle of 161 degrees
13' 19"
with the last mentioned course, a distance of 52.81 feet to the point of BEGINNING,
46' 41"
creating an interior angle of 108 degrees with the first cotu·se.
Parcel 2: As to 90 University Avenue (Tax Lot 46)
ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yonkers,
County of Westchester and State of New York, known and designated as Tax Lot 46 in Block
5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of the City
of Yonkers", being more particularly bounded and described as follows:
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024
BEGINNING at a point on the southerly side of University Avenue at the dividing line between
Tax Lots 46 and 44, being 58.00 ft north of the intersection of University Avenue and Taft
Avenue;
RUNNING THENCE along the southerly line of University Avenue 65.00 ft to a point;
RUNNING THENCE along the division line of Tax Lots 46 and 50 at an interior angle of 90
degrees with the last mentioned course, a distance of 100.00 feet to a point formed by the
dividing line of Tax Lots 46 and 37;
RUNNING THENCE along the division line of Tax Lots 46 and 37 at an interior angle of 90
degrees with the last mentioned course, a distance of 65.00 feet to a point formed by the dividing
line between Tax Lots 46 and 44;
RUNNING THENCE along the division line between Tax Lots 46 and 44 at an interior angle of
90 degrees with the last mentioned course, a distance of 100.00 feet to the point of BEGINNING.
Parcel 3: 98 University Avenue (Tax Lot 50)
ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yoiters,
County of Westchester and State of New York, known and designated as Tax Lot 50 in Block
5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of.the City
of Yonkers", being more particularly bounded and described as follows:
BEGINNING at a point on the southerly side of University Avenue at the dividing line between
Tax Lots 50 and 46, being 123.00 ft north of the intersection of University Avenue and Taft
Avenue;
RUNNING THENCE along the southerly line of University Avenue 35.00 ft to a point;
RUNNING THENCE along the southerly line of Seminary Avenue at an interior angle of 157
13'03"
degrees with the last mentioned course, a distance of 27.12 feet to a point fonned by the
dividing line of Tax Lots 50 and 51;
RUNNING THENCE along the division line of Tax Lots 50 and 51 at an interior angle of 112
46' 57"
degrees with the last mentioned course, a distance of 89.50 feet to a point formed by the
dividing line of Tax Lots 51 and 36;
RUNNING THENCE along the division line of Tax Lots 51 and 36 at an interior angle of 90
degrees with the last mentioned course, a distance of 60.00 feet to a point formed by the dividing
line between Tax Lots 51 and 46;
RUNNING THENCE along the division line between Tax Lots 51 and 46 at an interior angle of
90 degrees with the last mentioned course, a distance of 100.00 feet to the point of
BEGINNING.
Preview
FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 EXHIBIT F FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 TheOfficeoHheWestchester CountyClerk:ThispageIspartoftheInstrument;1heCountyClerkwill provided relyontheinforrnation onthispageforpurposes of ndexingthisinstrument.Tothebestof submittersknowledge,theInformation containedonthisRecordingandEndorsement CoverPageis consistent conialnedIntheattached withtheinfonnation document. *622693632ASS0023* Westchester County Recording & Endorsement Page Submitter Information Name: Blackacre Title Agency Corp. Phone: 914-481-5000 Address 1: 2900Westchester Avenue, Suite 405 Fax: 914-481-5005 Address 2: Email: mmendicino@batitle.com Gity/State/Zip: Purchase NY 10577 Reference for Submitter: Fairbridge - Ctsy AOM - Universtity Ave Document Details Control Number: 622693632 Document Type: Assignment (ASS) Package ID: 2022092600285001001 Document Page Count: 5 Total Page Count: 7 PartieS Addltlanal Partles on Continuation page 1st PARTY 2nd PARTY 1: PAIRBRIDGEREAL ESTATEINVESTMENTTRUST LLC - Other FAIRBRIDGECREDIT LLC - Other 1: 2: 2: B AddItIonal Properties pn Continuation page Property Street Address: 86 UNIVERSITY AVENUE Tax Designation: 5-5071-44 City/Town: YONKERS Village: Cross- References Additional Cross-Refs on Continuation page 1: 621593444 2: 3: 4: Supporting Documents Recording Fees Mortgage Taxes Fee: $40.00 Docurnent Date: Statutory Recording Page Fee: $30.00 Mortgage Amount: Cross-Reference Fee: $0.50 Mortgage Affidavit Filing Fee: $0.00 Basic: $0.00 RP-5217 Filing Fee: $0,00 Westchester: $0.00 $0.00 TP-584 Filing Fee: Additional: $0.00 RPL 291 Notice Fee: $0.00 MTA: $0.00 Total Recording Fees Pald: $70.50 Speclal: $0.00 Transfer Taxes Yonkers: $0.00 Consideration: $0.00 Total Mortgage Tax: $0.00 Transfer Tax: $0.00 Mansion Tax: $0.00 Dwelling Type: Exempt: Transfer Tax Number: Serial #: REGORDEDIN THE OFFICE OF THE WESTCHESTERCOUNTY CLERK Record and Return To Recorded: 09/27/2022 a103:20 PM ¤ Pick-up at County Clerk's office Control Number: 622693632 Witness my hand and officlal seal NL Fairbridge Credit LLC 707 Westchester Avenue, Suite 304 TimothyC.ldoni WestchesterCountyClerk FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 Record and Return: Premises: Fairbridge Credit LLC 86, 90, & 98 University Avenue 707 Westchester Avenue, Suite 304 Yonkers, New York 10704 White Plains, New York 10604 Section 5, Block 5071, Lots 44, 46, & 50 Attn: Alexis DiGirolamo (respectively) County of Westchester ASSIGNMENT OF MORTGAGE AND NOTE KNOW THAT FAIRBRIDGE REAL ESTATE INVESTMENT TRUST LLC, a Delaware limited liability company with its place of business at 707 Westchester Avenue, Suite 304, White Plains, New York 10604 ("Assignor"), in consideration of good and valuable consideration, from FAIRBRIDGE CREDIT LLC, a Delaware limited liability company, with its place of business at 707 Westchester Avenue, Suite 304, White Plains, New York 10604 (the "Assignee"), hereby assigns unto the Assignee each of (i) the note or notes (each a "Note", collectively the "Notes") identified by Assignor in the Loan Schedule annexed hereto as Exhibit "Mortgage" A and made a part hereof, and (ii) the mortgage or mortgages (each a and collectively, the "Mortgages") identified by Assignor on the Loan Schedule annexed hereto as Exhibit A and made a part hereof, which Mortgages encumber the property described on Exhibit B attached hereto and made a part hereof; ASSIGNOR has granted, bargained, sold, assigned, conveyed and transferred, and by these presents does grant, bargain, sell, assign, convey and transfer unto Assignee, its heirs, successors and assigns, forever all of its right, title and interest in, to and under said Notes and Mortgages , together with any and all rights, interests and appurtenances thereto belonging, and each of the Notes shall hereafter be payable to the order of Assignee; TOGETHER with debts and bonds or notes or obligations described in the Mortgage and the moneys due and to grow due thereon with interest; TO HAVE AND TO HOLD the same unto the Assignee, and to the successors, legal representatives and assigns of the Assignee forever. FOR the purposes of §275 of the Real Property Laws of the State of New York, the Assignee is not acting as a nominee of the Mortgagor and the Mortgage continues to secure a bona fide obligation. THIS Assignment is made without representation or warranty of any kind whatsoever, other than as contained herein, and without recourse to the Assignor in any case or event, or for any purpose whatsoever. [signature page follows] FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 Effective Date: September 1, 2022. FAIRBRIDGE REAL ESTATE INVESTMENT TRUST LLC, a Delaware limited liability company B : me: John C. L Title: Authori Signatory STATE OF NEW YORK ) ) ss. COUNTY OF WESTCHESTER ) 12th On the day of September in the year 2022, before me, the undersigned, a Notary Public in and for said State, personally appeared John C. Lettera, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. Notary Public L I DI R LA NOTARY PUBLIC, STATE OF NEW YORK Registration No, 02DIB421231 Qualified in Rockland County Commission Expires August 30, 2025 FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 EXHIBIT A LOAN SCHEDULE Note 1. Building Loan Note dated June 2, 2022, made by UNIVERSE BUILDING ASSOCIATES, LLC, a New York limited liability company having its principal office at 53 Torre Place, Yonkers, New York 10703, as maker, in favor of FAIRBRIDGE REAL ESTATE INVESTMENT TRUST LLC, a Delaware limited liability company, having its principal office at 707 Westchester Avenue, Suite 304, White Plains, New York 10604, as payee, in the principal sum of $1,500,000.00. Mortgage 1. Building Loan Mortgage dated June 2, 2022, made by UNIVERSE BUILDING ASSOCIATES, LLC, a New York limited liability company having its principal office at 53 Torre Place, Yonkers, New York 10703, as mortgagor, to FAIRBRIDGE REAL ESTATE INVESTMENT TRUST LLC, a Delaware limited liability company, having its principal office at 707 Westchester Avenue, Suite 304, White Plains, New York 10604, as mortgagee, in the principal sum of up to $1,500,000.00, and recorded on June 8, 2022 in the Office of the Westchester County Clerk as Control Number 621593444, on which mortgage the mortgage tax was duly paid. FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 EXHIBIT B LEGAL DESCRIPTION ALL that certain plot, piece or parcel of land, situate, lying and being in the City of Yonkers, County of Westchester and State of New York being known and designated as Lots #1, #2, #3, entitled," N.Y." #4,#5 & #6, #7 and #8 Block 22 on a map Map of Gunther Park, Yonkers, made by Allen Farring & Co., Engineers and filed in the Westchester County Clerk's Office Division of Land Records on October 23, 1902 as Map # 1218. Said Lots have been re-apportioned as shown on the Official Tax Assessment Maps of the City of Yonkers and described as follows: Parcel 1: As to: 86 UNIVERSITY AVENUE ( Tax Lot 44) ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yonkers, County of Westchester and State of New York, known and designated as Tax Lot 44 in Block 5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of the City of Yonkers", being more particularly bounded and described as follows: BEGINNING at a point on the formed by the southerly side of University Avenue and the easterly side of Taft Avenue; RUNNING THENCE along the southerly line of University Avenue 58.00 ft to a point formed by the division line of Tax Lots 44 and 46; RUNNING THENCE along the division line of Tax Lots 44 and 46 at an interior angle of 90 degrees with the last mentioned course, a distance of 100.00 feet to a point formed by the dividing line of Tax Lots 44 and 39; RUNNING THENCE along the division line of Tax Lots 44 and 39 at an interior angle of 90 degrees with the last mentioned course, a distance of 75.00 feet to a point on the easterly side of Taft Avenue; RUNNING THENCE along the easterly side of Taft Avenue at an interior angle of 90 degrees with the last mentioned course, a distance of 50.00 feet to a point; RUNNING THENCE along the easterly side of Taft Avenue at an interior angle of 161 degrees 13' 19" with the last mentioned course, a distance of 52.81 feet to the point of BEGINNING, 46' 41" creating an interior angle of 108 degrees with the first cotu·se. Parcel 2: As to 90 University Avenue (Tax Lot 46) ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yonkers, County of Westchester and State of New York, known and designated as Tax Lot 46 in Block 5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of the City of Yonkers", being more particularly bounded and described as follows: FILED: WESTCHESTER COUNTY CLERK 02/27/2024 01:44 PM INDEX NO. 57683/2024 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 02/27/2024 BEGINNING at a point on the southerly side of University Avenue at the dividing line between Tax Lots 46 and 44, being 58.00 ft north of the intersection of University Avenue and Taft Avenue; RUNNING THENCE along the southerly line of University Avenue 65.00 ft to a point; RUNNING THENCE along the division line of Tax Lots 46 and 50 at an interior angle of 90 degrees with the last mentioned course, a distance of 100.00 feet to a point formed by the dividing line of Tax Lots 46 and 37; RUNNING THENCE along the division line of Tax Lots 46 and 37 at an interior angle of 90 degrees with the last mentioned course, a distance of 65.00 feet to a point formed by the dividing line between Tax Lots 46 and 44; RUNNING THENCE along the division line between Tax Lots 46 and 44 at an interior angle of 90 degrees with the last mentioned course, a distance of 100.00 feet to the point of BEGINNING. Parcel 3: 98 University Avenue (Tax Lot 50) ALL that certain plot, piece, or parcel of land situate, lying and being in the City of Yoiters, County of Westchester and State of New York, known and designated as Tax Lot 50 in Block 5071 in Section 3 as shown on a certain map entitled "Official Tax Assessment Maps of.the City of Yonkers", being more particularly bounded and described as follows: BEGINNING at a point on the southerly side of University Avenue at the dividing line between Tax Lots 50 and 46, being 123.00 ft north of the intersection of University Avenue and Taft Avenue; RUNNING THENCE along the southerly line of University Avenue 35.00 ft to a point; RUNNING THENCE along the southerly line of Seminary Avenue at an interior angle of 157 13'03" degrees with the last mentioned course, a distance of 27.12 feet to a point fonned by the dividing line of Tax Lots 50 and 51; RUNNING THENCE along the division line of Tax Lots 50 and 51 at an interior angle of 112 46' 57" degrees with the last mentioned course, a distance of 89.50 feet to a point formed by the dividing line of Tax Lots 51 and 36; RUNNING THENCE along the division line of Tax Lots 51 and 36 at an interior angle of 90 degrees with the last mentioned course, a distance of 60.00 feet to a point formed by the dividing line between Tax Lots 51 and 46; RUNNING THENCE along the division line between Tax Lots 51 and 46 at an interior angle of 90 degrees with the last mentioned course, a distance of 100.00 feet to the point of BEGINNING.