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Exhibit 1
<br />Description of Property
<br />A tract of land along the East bank of the St. Joseph River, from the East Race to approximately
<br />4.5 feet North of the South line of Lot Number 8 in the recorded Plat of Miller and Green's First
<br />Addition to the Town of Lowell, now City of South Bend, Indiana, said tract more particularly
<br />described as follows, viz:
<br />Beginning at a point 273.00 feet South of the South line of Colfax Avenue, measured at right
<br />angles to said South line, and 220.42 feet West of the West line of Gintz Avenue (Race Street) as
<br />measured parallel with the South line of Colfax Avenue, said South line of Colfax Avenue having
<br />a bearing of due East and West; thence North 90°00'00" East, a distance of 16.37 feet; thence
<br />South 24°35'05" East, 225.00 feet; thence South 17°48'04" East, 66.26 feet; thence South
<br />41°00'29" East, 31.37 feet; thence South 46°05'35" East, 131.29 feet; thence North 54°14'36"
<br />East, a distance of 32.03 feet to the approximate West line of the East Race, now abandoned;
<br />thence South 03°32'26" East along the approximate West line of the East Race, a distance of 1.20
<br />feet; thence continuing along the approximate West line of the East Race, South 0395'10" West
<br />8.90 feet to the beginning of a meander line approximately and lying inside of a concrete retraining
<br />wall along the St. Joseph River; thence South 53°0' 15" West along said meander line, a distance
<br />of 32.89 feet; thence North 46°28'39 West, 138.62 feet; thence North 40°07'21" West, 34.03 feet;
<br />thence North 26'17'33" West, 194.85 feet; thence North 20'16' 19" West, 103.82 feet to the point
<br />of beginning.
<br />EXCEPT THE FOLLOWING:
<br />Tract I: That part of Lots 3 through 8 as shown on the recorded plat of Miller and Green's 1st
<br />Addition to the Town of Lowell, as recorded in the records of St. Joseph County, Indiana, which
<br />is described as beginning at a point which is South 26°17'33" East, 109.20 feet, and South
<br />20'1.5'43" East, 103.83 feet (20°16'19" East, record) and South 273.00 feet from a point on the
<br />South line of Colfax Street which is West, 220.42 feet from the West line of Gintz Avenue; thence
<br />57°43'06" East, 19.64 feet; thence South 24°36'05" East, 21.77 feet; thence South 17°48'04" East,
<br />66.26 feet; thence South 41°00'29" East, 31.37 feet; thence South 46°05'35" East, 42.47 feet;
<br />thence South 44°13'06" West, 9.17 feet; thence North 46°28'30" West, 42.54 feet; thence North
<br />40°07'21" West, 34.03 feet; thence North 26°17'33" West, 85.65 feet to the point ofbeginning.
<br />Tract II: That part of Lots 3 through 8 as shown on the recorded plat of Miller and Green's 1st
<br />Addition to the Town of Lowell, as recorded in the records of St. Joseph County, Indiana, which
<br />is described as: Beginning at a point which is North 57°43'06" East, 19.64 feet and South
<br />26°17'35" East, 109.20 feet and South 20°15'43" East, 103.83 feet (South 20°16' 19" East, record)
<br />and South, 273.00 feet from a point on the South line of Colfax Street which is West, 220.42 feet
<br />from the West line of Gintz Avenue; thence North 57°43'06" East, 25.54 feet; thence South
<br />32°16'54" East, 149.75 feet; thence South 84°46'04" West, 41.28 feet (South 83°47'55" West,
<br />record); thence North 46°05'35" West, 14.66 feet; thence North 41°00'29" West, 31.37 feet;
<br />thence North 17°48'04" West, 66.26 feet; thence North 24°35'05" West, 21.77 feet to the Point of
<br />Beginning.
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