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Real Estate Donation Agreement - Donating Property for the Southeast Neighborhood – United Way of St. Joseph County, Inc.
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Real Estate Donation Agreement - Donating Property for the Southeast Neighborhood – United Way of St. Joseph County, Inc.
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4/15/2021 11:45:25 AM
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4/15/2021 11:45:12 AM
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Board of Public Works
Document Type
Contracts
Document Date
4/13/2021
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Pursuant to Section 7 of the Real Estate Donation Agreement (the "Agreement"), the Grantor <br />conveys the Property to the Grantee by this deed subject to certain conditions subsequent. In the event the <br />Grantee fails to perform the improvements as described in the Agreement, or satisfactorily to prove such <br />performance, in accordance with Section 7 of the Agreement, then the Grantor shall have the right to re- <br />enter and take possession of the Property and to terminate and revest in the Grantor the estate conveyed to <br />the Grantee by this deed and all of the Grantee’s rights and interests in the Property without offset or <br />compensation for the value of any improvements to the Property made by the Grantee. The recordation of <br />a Certificate of Completion in accordance with Section 7(c) of the Agreement will forever release and <br />discharge the Grantor’s reversionary interest stated in this paragraph. <br />Each of the undersigned persons executing this deed on behalf of the Grantor represents and <br />certifies that s/he is a duly authorized representative of the Grantor and has been fully empowered, by <br />proper action of the governing body of the Grantor, to execute and deliver this deed, that the Grantor has <br />full corporate capacity to convey the real estate described herein, and that all necessary action for the <br />making of such conveyance has been taken and done. <br />Signature Page Follows
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