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LA <br />14 <br />SECOND ADDENDUM TO LEASE <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />TO <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />(South Bend Central Development Area <br />Public Improvement Project) <br />THIS SECOND ADDENDUM, made and entered into this l day <br />of ��- , 1991, by and between the South Bend <br />T <br />Redevelopment Authority, a body corporate and politic organized and <br />existing under Indiana Code 36 -7 -14.5 (hereinafter with its <br />successors and assigns referred to as the "Authority "), and the <br />South Bend Redevelopment Commission, the governing body of the <br />South Bend Department of Redevelopment and the Redevelopment <br />District of South Bend, Indiana (hereinafter called the "Lessee ") , <br />WITNESSETH: <br />In consideration of the mutual covenants herein contained <br />it is agreed that the Lease (South Bend Central Development Area <br />Public Improvement Project) previously entered into between said <br />parties as of the first day of November, 1989, as amended by an <br />addendum dated April 6, 1990, shall be further amended as follows: <br />follows: <br />1. Section 2 of the Lease is amended to read as <br />Section 2. Lease of Project. In consideration <br />of the rentals and other terms and conditions herein <br />specified the Authority does hereby lease, demise <br />and let to the Lessee the Project: TO HAVE AND TO <br />HOLD the same with all rights, privileges, easements <br />and appurtenances thereunto belonging, unto the <br />Lessee for a term beginning on the date of execution <br />of this Lease, and ending on the day prior to the <br />date which is twenty -two (22) years after the date <br />the Project is complete and ready for use. However, <br />the term of this Lease shall terminate at the <br />earlier of (a) the exercise of the option to <br />purchase by Lessee and payment of the option price, <br />or (b) the payment or defeasance of all obligations <br />