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casualty or any other cause, shall be the sole expense and re- <br />sponsibility of the City of South Bend, Indiana, which shall keep <br />the property in a good state of repair during the entire term of <br />the Lease /Purchase Agreement. Lessor's interest in the building <br />and its liability shall be insured under a policy providing limits <br />acceptable to Bidder. The City of South Bend, Indiana shall have <br />the right under the Lease /Purchase Agreement to purchase the pro- <br />perty at any time during the term of the lease for the amount paid <br />for the property by bidder, plus interest to the date of repurchase. <br />The Lease /Purchase Agreement shall contain such other terms and con- <br />ditions-as may be appropriate in opinion of counsel for the City and <br />Youth Facilities, Inc. All expenses of closing the purchase shall <br />be paid by City of South Bend, and the City shall prepare all legal <br />documents. <br />Respectfully submitted. <br />DATED: August 1, 1980 <br />YOUTH FACILITIES, INC. <br />-2- <br />Theresa Tyler, Ptesident <br />