No. 0644 extinguishing demand note obligation of FBT Bancorp, Inc.

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RESOLUTION NO. 644 RESOLUTION OF THE SOUTH BEND DEPARTMENT OF RE- DEVELOPMENT EXTINGUISHING DEMAND NOTE OBLIGATION OF FBT BANCORP, INC. WHEREAS, on the 22nd day of October, 1979, FBT Bancorp, Inc. by Ernestine M. Raclin, Chairman of the Board, hereinafter referred to as the "Redeveloper ", executed a Demand Note in favor of the South Bend Department of Redevelopment hereinafter referred to as the "Agency ", in the amount of ten thousand dollars ($10,000.00); WHEREAS, said Demand Note was executed by the Redeveloper to comply with the good faith deposit provisions of Part II, Article I, Section 101 of the Ground Lease executed on October 22, 1979 by the Agency and the Redeveloper; WHEREAS, the provisions of Section 101(d) of said Ground Lease pro- vide in pertinent part that upon the receipt by the Agency of specified items that the deposit of the Redeveloper shall be returned; WHEREAS, all items as specified in Section 101(d) have, as of this date, been received by the Agency; WHEREAS, the Redeveloper has submitted its request to the Agency for the return of the note; and NOW, THEREFORE, BE IT RESOLVED, that the delivery to the Redeveloper of a true and correct copy of the original of said note and the cancellation noted on said copy shall constitute the return and the delivery of said original note and the full extinguishment of any and all obligations repre- sented thereby on behalf of the Redeveloper; BE IT FURTHER RESOLVED, that a true and correct copy of the original of said note be cancelled by the Agency and delivered to the Redeveloper and proof of said delivery be filed with the Agency. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT Date: