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No. 0989 approving the execution of a second addendum to the lease for the SBCDA public improvement project
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No. 0989 approving the execution of a second addendum to the lease for the SBCDA public improvement project
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10/18/2012 3:02:56 PM
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I <br />of Lessor incurred (i) to finance the cost of the <br />leased property, (ii) to refund such obligations, <br />(iii) to refund such refunding obligations, or (iv) <br />to improve the leased property. The date the <br />Project is complete and ready for use shall be <br />endorsed on this Lease at the end hereof by the <br />parties hereto as soon as the same can be done after <br />such completion and such endorsement shall be <br />recorded as an addendum to this Lease. The <br />Authority hereby represents that it is possessed of, <br />or will acquire, a good and indefeasible estate in <br />fee simple or an insurable right -of -way easement <br />subject only to Permitted Encumbrances, to the <br />above - described real estate, and the Authority <br />warrants and will defend the same against all claims <br />whatsoever not suffered or caused by the acts or <br />omissions of the Lessee. <br />2. The parties hereto acknowledge that all remaining <br />terms, covenants and conditions as set forth in the Lease between <br />the parties hereto and executed as of the first day of November, <br />1989, as amended on April 61 1990, shall remain in full force and <br />effect. <br />IN WITNESS WHEREOF, the parties hereto have caused this <br />Second Addendum to Lease to be executed for and on their behalf on <br />the day and year first hereinabove written. <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />B <br />Y� <br />J4beplVWroblewski, President <br />ATTES <br />Donald Fewell, Secretary- Treasurer <br />-2- <br />\tapitman\ bonds \sbhouse \addendum.lea;04 /08/91 <br />
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