Laserfiche WebLink
AMENDMENT TO LISTING CONTRACT DATED MARCH 22, 2012 <br />BETWEEN <br />GRUBB & ELLIS I CRESSY & EVERETT AND CITY OF SOUTH BEND REDEVELOPMENT <br />FOR PROPERTY AT 401 N. BENDIX DR., SOTUH BEND, IN <br />This Listing Contract ( "Agreement ") between Grubb & Ellis ICressy & Everett and City of South Bend <br />Redevelopment dated March 22, 2012 for 401 N. Bendix Dr., South Bend, IN sets forth the following <br />changes: <br />3. EXCLUSIVE LISTING: The first two (2) lines of this section are amended to read "In <br />consideration of the Broker listing for sale or lease and undertaking to find a purchaser or tenant for the <br />real estate described above, the Owner hereby grants and gives the Broker the exclusive right and <br />authority to sell, lease or exchange the same....." <br />4. BROKER'S FEE: The first sentence of this section is amended to read "In the event the <br />Broker finds a purchaser or tenant ready, willing and able to buy or lease said real estate, or should said <br />real estate be sold or leased by or through the Broker, the Owner or otherwise, during said time for the <br />price and upon the terms named herein, or should the entity which currently owns the real estate be <br />transferred by means of a stock transfer or any other transfer of interest during the term of this <br />Agreement for any other price or terms, or consideration acceptable to the Owner, the Owner agrees to <br />pay the Broker as commission a sum equal to the greater of $150,000 or 7% of the sum for which said <br />property is sold, leased or exchanged if a co- broker is the procuring cause or a commission equal to the <br />greater of $100,000 or 5% of the sum for which the property is sold, leased or exchanged if the listing <br />team of Tim Mehall, Ed Bradley and George Cressy is the procuring cause." <br />All other terms, conditions and provisions of the Agreement shall remain in full force and effect . <br />OWNER <br />Grubb & Ellis I Cressy & Everett <br />By: By: <br />Its: Its: <br />Date: Date: <br />