No. 1921 approving execution of an addendum to contract for purchase/sale of real estate and other related documents concerning acquisition of property located in the SBCDA

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1i I: 1. 1ti. IUVi ti•`t01IYI I1 v. L I I ADDENDUM TO CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE This Addendum modifies and is made a pan of the Contract for Purchase and Sale of Real Estate (the "Contract ") by and between I"*' SOURCE CORPORATION ( "Seller ") and The CITY OF SOUTH BEND, for the use and benefit of its Department of Redevelopment. or its designee or assign ("Purchaser"): Recitals: Seller shall be amended to read: "I ST SOURCE CORPORATION, or its subsidiaries or assigns." 2. ' Purchase Price. Is modified to read: "As consideration for the sale of the Property, Purchaser hereby agrees to: (a) pay the sum of One Hundred Seventy Thousand Dollars ($170,000.00); and (b) comply with such other conditions as more particularly described herein " 3. Date of Closing. Is modified to read: "The Closing of this purchase shall take place at 6th Floor, Ist Source Bank Center, South Bend: Indiana or at such other place mutually agreeable to the parties no later than December 24, 2002." 5. Conditions Precedent to Purchaser's and Seller's Obligations. Is modified to read: "All conditions precedent to Purchaser's and Seller's Obligations have been satisfied or waived by the parties. However, in addition to any other conditions set forth in this Agreement. the Seller and Purchaser, as applicable, shall satisfy and perform the following; which obligations shall survive the Closing: (a) Purchaser shall convey to Seller such property as is required to achieve, in substantial form, the development depicted as "Main/Jefferson Parkins Concept D" attached to this Agreement as Exhibit A (the "Site Plan "). The actual legal description of the property to be conveyed to Seller shall be based on the legal survey attached hereto as Exhibit B (the "Additional Property''). The Additional Property shall consist of Seller's portions of both the east -west alley, vacated or to be vacated, located between the north - south alley and Lafayette and the portion of the north -south alley, vacated or to be vacated. between Jefferson and the east -west alley. Additionally, the Additional Property shall include the Purchaser's half of the north -south alley, vacated or to be vacated, located between Jefferson and the east -west alley. Finally, the Additional Property shall include a portion of the assembled site at the southwest corner of Main and Jefferson.