There is a newer version of the New York Consolidated Laws
2006 New York Code - Conveyance.
* § 1412. Conveyance. 1. The person authorized to conduct the sale pursuant to subdivision one of section fourteen hundred eight of this article shall, at the closing of title held in accordance with the terms of sale, execute and deliver a deed to the purchaser in the following form: POWER OF SALE DEED THIS DEED, made as of the _______ day of ___________, _____, between ______________, in the capacity of auctioneer/sheriff/marshal/referee, having an office at _________, ______________, New York ("Grantor") and ______________, a ____________ having an address at ____________________, ______________, _____________ ("Grantee"), WITNESSETH: That __________________("Mortgagee"), the owner and holder of the mortgage described in Exhibit A attached hereto encumbering the property described hereinbelow (the "Property"), and the note, bond or other obligation secured thereby, has foreclosed the lien of said mortgage pursuant to article fourteen of the real property actions and proceedings law of the state of New York; That Grantor has been designated by Mortgagee or by the court in the county in which the sale has taken place to conduct the sale of the Property; That the sale was duly held on _______________ ___, ____, and the memorandum of sale attached hereto as Exhibit B was executed at the conclusion of the sale; And that pursuant thereto and in consideration of ___________Dollars ($_____________) paid by Grantee, being the highest sum bid at the sale, Grantor does hereby grant and convey to Grantee: (Land Description of the Property) TOGETHER with all right, title and interest, if any, of the Grantor 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 grantor in and to said premises; to have and to hold the premises herein granted to the grantee, the heirs or successors and assigns of the Grantee forever. IN WITNESS WHEREOF, Grantor has hereunto set the Grantor's hand and seal the date first above written. ________________ (ACKNOWLEDGEMENT) 2. Before the deed is executed and delivered to the purchaser, the mortgagee shall file the mortgage and any assignment not shown to have been lost or destroyed in the office of the clerk, unless it is in a form which can be recorded; in which case it shall be recorded in the county or counties where the mortgaged property or properties are situated; the expense of filing or recording and entry shall be allowed in the costs to be recovered by the mortgagee pursuant to this article; and, if filed with the clerk, he shall enter in the minutes the time of filing. 3. The purchaser of the mortgaged property, upon a sale conducted as prescribed in this article, thereupon obtains marketable title thereto, in the same manner as a purchaser in a judicial foreclosure sale pursuant to article thirteen of this chapter against all persons bound by the sale. * NB Repealed July 1, 2009
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