|
easement of ingress and egress and right of user for the benefit of the grantor herein,
<br />its successors and inter -related companies (but not for commercial transportation of
<br />passengers or freight) for the purpose of taking.off and landing aeroplanes, and any,
<br />and all craft navigating the air, and, the passengers therein or thereon.
<br />With the understanding, however, that when the vendor's lien herein reserved
<br />is fully paid and satisfied, and when the vendor, its successors or inter -related
<br />companies shall discontinue making a reasonable use of the said airport, then upon the
<br />happening of said events, the limitation upon the use as above stated, and the
<br />reservation of the easement as above stated shall end and terminate, and thereafter be
<br />of no effect.
<br />Subject to all taxes and assessments for public improvement.
<br />The vendor, Bendix Aviation Corporation, reserves a vendor's lien upon the
<br />real estate and. property conveyed by this deed to. secure the payment of the balance of
<br />the purchase price in the principal sum of Two Hundred Fifty Thousand Dollars..
<br />(p250,000.00), of which One Hundred Thousand ($100,000.00) is payable five (5) sears
<br />from the date hereof, and Thirty Thousand (30,000.00) Dollars thereof is payable at
<br />the end of each year after said five (5) year period until the totel purchase price
<br />of Two Hundred Fifty Thousand Dollars ($250,000.00) is paid, together with interest
<br />thereon until the last payment is made at the rate of One Thousand Dollars ( 1, 000.00 )
<br />per annum, payable annually after the date hereof; and if default be made in the .
<br />payment of any one of the installments of principal or interest aforesaid, at the time
<br />when the same becomes due and payable, then at the election of the vendor said
<br />principal sum, together with accrued interest thereon, shall at once become due and
<br />payable.
<br />And covenant for itself, its successors and assigns that it is lawfully
<br />seized of the premises, has good right to convey the same and guarantees the quiet
<br />possession thereof, that the same are free from all incumbrance and that it will
<br />Warrant and Defend the title to the same against all lawful claims.
<br />IN WITNESS WHEREOF, the said Grantor above named has hereunto affixed its
<br />corporate seel and the President and Secretary have hereunto set their hands and seals
<br />this 13th day of January, 1936.
<br />BENDIX AVIATION CORPORATION,
<br />By Vincent Bendix
<br />President.
<br />Attest:
<br />Henry A. Sossner
<br />Secretary
<br />STATE OF Indiana , )
<br />SS:
<br />St. Joseph COT3NTY )
<br />Before me, the undersigned, a Notary Public in and for said County and State,
<br />came the Bendix Aviation Corporation, by Vincent A. Bendix, its President, and Henry A.
<br />Gossner, its Secretary, and for and on behalf of said corporation acknowledged the
<br />execution of the above and foregoing to be the free act and deed of said corporation,
<br />for the uses and purposes therein stated.
<br />Witness my hand and official seal this 13th day of January, 1936.
<br />A. E. Schwartz
<br />1y commission expires Yay 14, 1938. Notary Public
<br />CEMETARY DEPARTIMNT:
<br />Matters pertaining to the work of the Cemetery Department were discussed with
<br />Sexton Longenecker.
<br />STREET DEPARTIE-NT:
<br />17r. Weer reported that the buttons on the various street corners had been
<br />removed, in accordance with recent instructions from the Board. Mr. Weer suggested
<br />that fifteen or twenty of these be reserved for future use and that the remaining
<br />number be bored in the center and used for traffic sign bases - the 'dater Works to
<br />be requested to do the work. This ma.tt,:�r was referred to Mr. Woodward.
<br />Lp tter of Police Garage, which was condemned by the State Fire 11'arshal on account
<br />of unsatisfactory roof and other repairs needed, was discussed and it was decided to
<br />comply with the request of the 1ie.rshal.
<br />•
<br />0
<br />0
<br />•
<br />0
<br />
|