#2016- Deed; QUIT-CLAIM DEED 615 North Michigan Street, South Bend, IN 46601

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P--ppppppp . It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion the redevelopment of the Real Estate through the construction of the improvements thereon, as provided in the Agreement, and as represented to the Grantor in public documents of the Grantor, including but not limited to the bid proposal submitted to the Grantor by Grantee (Project). Such construction shall be begun no later than June 15, 1997, and qualify for a certificate of occupancy from the Building Commissioner of the City of South Bend within twelve (12) months thereafter, in the manner provided for in the Agreement. Promptly after completion of the Project, the Grantor will furnish the Grantee with an appropriate instrument so certified. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of all covenants, requirements, obligations and the like in the Agreement and Exhibit B, and in this deed, except the covenants of Section VII of the Agreement and Section III herein for the limited time set forth therein. All certifications provided for herein shall be in such form as will enable them to be recorded with the Office of the Recorder of St. Joseph County. SECTION II. In the event the Grantee herein, prior to the recording of the Certificate of Completion hereinabove referred to, shall -- (a) default in or violate any obligations with respect to the construction of the improvements provided for in this Deed and the Agreement, or abandon or substantially suspend construction work, and any default, or violation, abandonment, or suspension is not cured, ended, or remedied within three (3) months (six (6) months if the default is with respect to the date for the completion of the improvements) after written demand by the Grantor so to do; or (b) fail to pay real estate taxes or assessments on the Real Estate or any part thereof when due, or shall place thereon any encumbrance or lien not authorized by the Agreement with the Grantor, or shall suffer any levy or attachment to be made, or any materialmen's or mechanic's liens or any other unauthorized encumbrances or lien to attach, and such taxes or assessments are not paid or the encumbrance or lien removed or discharged, or provisions satisfactory to the Grantor made for such payments, removal or discharge, within thirty (30) days after written demand by the Grantor so to 2 DULY ENTERED Sl . ,A