Name That Monmouth County Town

Do you think you can name a Monmouth County towns with just a few simple clues? Give it a try!

Here are the clues...The first European to spot it was John Cabot in 1498. Sir George Carteret was allowed to develop the area in 1664. This town was one of the three original towns of Monmouth County. And finally, the name of this town comes from an English legal term for fee simple property ownership, according to wikipedia.com.

Feel free to give it a shot and put your guess in the Comment section.