1990-05-15 Resolution 22 - Laserfiche WebLink

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Par. t L S ~~t lie B~~~, ~ „~, Commitment No. 58972 1. The following are the requirements to be complied with: 1. Instruments necessary to create tl~e estate or interest to be insured must be properly executed, delivered and duly filed for record. a. Properly executed Quit-Claim Deed from the South Bend Board of Public Works to I.C. 36-1-11-3 (b) to tl~e South Bend Redevelopment Authority (as to Parcels I, III, IV, IX, XI, and XIV through XXVII inclusive) b. Properly executed Quit Claim Deed from Rink Riverside Printing, Inc. to South Bend Redevelopment Authority (as to Parcel XII) Provide certified copy of resolution of the Board of Directors of Rink Riverside Printing, Inc. authorizing this sale to South Bend Redevelopment Authority and naming the officers of Seller (by name and office or we must also require a current certificate of incumbency), who are to execute and deliver such deed. The certificate should be dated the same date of the deed and must certify that the aforesaid resolution, whenever it was passed, is still in full force and effect, unchanged, as of the certificate date. OR Language appearing on the deed that: "the undersigned persons executing this deed on behalf of Grantor represent and certify that they are duly elected officers of Grantor and have been fully empowered, by proper resolution of the Board of Directors of Grantor, to execute and deliver this deed; that Grantor has full corporate capacity to convey the real estate described herein; and that all necessary corporate action for the making of such conveyance has been taken and done." NOTE: Gross Income Tax must be paid before deed may be transferred or deed must state the following; "Grantor certifies under oath that no Indiana Gross Income Tax is due or payable in respect to the transfer made by this deed." c. Properly executed Quit Claim Deed from the City of South Bend, Indiana pursuant to I.C. 36-1-11-3 to South Bend Redevelopment Authority (as to Parcels VI, XI,XIII and X) d. Properly executed Quit Claim Deed from South Bend Park Board pursuant to I.C. 36-10-4-9 (8) and I.C. 36-1-11-3 (b) to South Bend Redevelopment Authority (as to Parcels VIII and XIII) 2. Release and/or Subordination of the following: (Affects Parcel XII) e. Mortgage in the amount of $200,000.00 from Rink Riverside Printing, Inc. to St. Joseph Mortgage Co., Inc. an Indiana Corporation dated September 13, 1985 and recorded September 19, 1985 as Document Number 8520226 in the Office of the Recorder of St. Joseph County, Indiana. • f. Mortgage in the amount of $95,320.43 from Rink Riverside Printing, Inc. to St. Joseph Bank and Trust Company, South Bend, Indiana dated -continued-