#1201 - Deed;Warranty Deed -From Clay Dev. Corp. to City of South Bend-CARRIAGE HILLS RETENTION BASIN

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FORM 3624 Policy Number 15 021 04 09826 Owners SCHEDULE B This policy does not insure against loss or damage by reason of the following exceptions: General Exceptions: (1) Rights or claims of parties in possession not shown by the public records. (2) Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. (3) Easements or claims of easements riot shown by the public records. (4) Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. (5) Taxes or special assessments which are not shown as existing liens by the public records. Special Exceptions: The mortgage, if. any, referred to in Item 4 of Schedule A. 1. Taxes for the year 1977 due in May and November, 1978 and all subsequent taxes. 2. Assessment for maintenance of Kiefer Ditch, entered January 28, 1974 on Well Site Park Area 3.132 Ac. Sec. 20-38-3E. First four installments due in November, 1974-1977 in the amount of $3.00 each are paid. Fifth installment due in November, 1978 in the amount of $3.00. Note: Subseauent assessment as required. 3. Restrictions contained in the warranty deed from Carriage Hills, Inc., an Indiana corporation, to Aqua, Inc., an Indiana corpora- tion, dated September 23, 1974 and recorded September 26, 1974 Y in Deed Record 792, page 247. (also shown in warranty deed from Aoua, Inc., an Indiana corporation, to Clay Development Corp., an "n Indiana corporation, dated and recorded February 20, 1975 in Deed record 797, page 303) "This conveyance is subject to the express 00" condition that the real estate hereinabove described shall be main- n tained as a Retention Basin as long as such Detention Basin is re- hence quired by St. Joseph County, Indiana". et Note: Said restrictions do not provide for reversion or forfeiture ge of title in event of a. breach thereof. of Counter igned Au orized Signatory President Schedule B of this Policy consists of 1 pages.