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GRANT OF TEMPORARY EASEMENT <br />INSTALLATION AND MAINTENANCE OF STAIRCASE ON DERUE COURT <br />ENCROACHING UPON PUBLIC RIGHT-OF-WAY <br />THIS GRANT OF TEMPORARY EASEMENT, made thic-? day of > <br />2004, by the City of South Bend, Indiana, through its Board of Public Works (Grantor) in avor of <br />Orix Real Estate Capital Markets, LLC and Wells Fargo Bank Minnesota, National Association <br />(Grantee). <br />WITNESSETH THAT: <br />WHEREAS, Grantee, is the owner of certain real estate (Real Estate) located west of and <br />adjacent to DeRue Court in the City of South Bend, Indiana, which real estate is more particularly <br />described as Lot numbered 41 and the south half of Lot numbered 42 as shown on the original plat <br />of the Town, now City, of South Bend Indiana, recorded in Plat Book A, page 13 in the Office of the <br />Recorder of St. Joseph County Indiana; and <br />WHEREAS, Grantee desires to install a staircase along the east side of its building over <br />DeRue Court in the City of South Bend; and <br />WHEREAS, the establishment of the staircase will encroach upon the public right-of-way <br />in DeRue Court; and <br />WHEREAS, the Board of Public Works is willing to grant a temporary right of easement for <br />the purposes described herein, inasmuch as it presently appears such encroachment and grant of <br />easement will not interfere with the free and safe flow of traffic on such public way. <br />NOW, THEREFORE, for and in consideration of the foregoing, of the agreements and <br />covenants herein contained and other good and value consideration given by each party hereto unto <br />the other, the receipt of sufficiency of which is hereby acknowledged, the parties agree as follows: <br />1. Grant of Easement. The Board of Public Works of the City of South Bend does hereby <br />grant to Grantee, its successors and assigns, an exclusive right, privilege and easement for a staircase <br />on a temporary basis from this date in the City of South Bend, Indiana, on the property located on <br />DeRue Court, more particularly described as follows: <br />Part of the Northwest 1/4 of Section 12, Township 37 North, Range 2 East, Portage <br />Township, City of South Bend, St. Joseph County, Indiana. Also being known as the <br />South half of Lot 42 and all of Lot 41 as shown on the recorded plat of the "Original <br />Town now the City of South Bend", recorded in Plat Book 1 page 2, per title work, <br />Plat "A", page 13 in the Office of the Recorder, St. Joseph County, Indiana. More <br />particularly described as follows: <br />