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334 Tuesday, Mqrch Sth., 1932. <br />Whereas said second. party, under date of June lr/th., 1-930, leased said <br />above described real estate to the 111undcipal City of South Bend, Indiana, and the <br />same is being used by them for a municipal parking lot, and <br />Whereas said second party desires to have the moneys received. from said <br />TaTunicipe.1 City for such lease applied to the payment of the interest and principal <br />of the mortgage above described, <br />Now therefore, this agreement as follows: <br />That said second party does hereby transfer and assign to the Union <br />Trust Company of South Bend., Indiana, said lease and all rayment s thereundBr and <br />hereby directs the 1,'unicipal City of South bend to make all payments dire --et to the <br />said Union Trust Company of South -bend with the uiaderstanding that all -rental that <br />might accrue from and after January lst. , 1932, shall be collected by said first <br />party and -by it applied to the interest and principal of the above mortgage <br />indebt- <br />edness. In considerstion of such transfer of said lease, the said first party does <br />hereby agree that it will not enforce the payment of said mortgage debt so long as <br />there shall be due and collectible rents from said lease with the I'lunicipal City <br />of South Bend, Indiana. Said first party further agrees that it will immediately <br />re -transfer said lease to said second party when he shall have paid the above mort- <br />geF,e iijdebted.ness. First party further agrees to pay the taxes on said property <br />from the proceeds of the rental of said property. <br />In witness whereof, the parties hereto halve hereunto set their hands <br />,and seals the day and year first above written. <br />Union Trust Company of South Bend <br />By H. J. Robertson, Secretary. <br />Warty of the First Part. <br />Joe Scheininger <br />Party of the Second -Part. <br />The bo,-:rd approved claims for various departments in the amount of <br />a661.21. <br />The i3oard approved -ppy roll claims for various departments in the amount <br />of !_�3,150.10. <br />Yeetinp adjourned at 12 O'clock noon. <br />Attested: <br />(ni� <br />of t he Boa rd <br />_- . I <br />0 <br />0 <br />0 <br />0 <br />11 <br />E <br />