6.B.(3) Option Contract with LaSalle Housing Partners

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(d) A11 laws, ordinances, rules, regulations and orders (including. but not limited to, those relating to coning, building, lire. health. salety and ens°ironmental control and protection) of any government or any agency. body or subdivision thereof: bearing on the Seller's o~~ncrship, operation or sue o1 the Property or an~~ part thereof. have been or will, prior to the closing, be complied v<~iih by Scllcr; all notices, licenses, permits. certificates and authority, required in connection with the Seller's occupancy or use of the Property or any part thereof, have been obtained and are in full Corce and effect. (e) Neither the execution of this Contract nor the consummation oC the transactions contemplated herein «-ill constitute a breach under any contract or agreement to which Seller is a party or by ~~fiich Scllcr is bound or affected or which affects the Property or any part thereof. (f) There are no actions. suits or proceedings pending, or to the knowledge of Seller threatened, before anv judicial body or any governmental authority or anv order, writ, injunction, decree or demand or anv court or any governmental authority relatin~~ to the Propertti~ or any part thereof. 1 E. E3roker. The parties represent to each other that no broker is involved in this transaction. The parties shall indemnity and hold the other free and hannlcss from all losses. damages. costs and expense, including reasonable attorney's lees, which either ma_v suffer or incur as a result of the other's breach of the foregoing representation. 17. Condemnation. Purchaser shall have the right, in the event that all or part of the Property is subject to a bona fide threat of condemnation, or is taken in the exercise of the power of eminent domain, or by way of sale in lieu thereof. by written notice to Seller. to elect to cancel this Contract prior to the Datc of Closing. If no such election is made by Purchaser, this Contract shall remain in full force and effect and the Purchase and sale contemplated herein. less any interest taken by condemnation, or sale in lieu of condemnation, shall be effected with no further adjustment, and Seller shall, at the closing. assign to Purchaser all of Seller's right. title and interest in and to am~ award that has been or that may thereafter be made for such taking. Seller shall immediately notify Purchaser in the event that the Property or any portion thereof becomes the subject of a condemnation proceeding. 18. Notice. Notices delivered personally or sent by certified or express mail to Scllcr at Community and Economic Development, Lth Floor, County-City Building, South Bend. Indiana 46(01. A~I~~I~ENTION: Don Inks. or to Purchaser at Garrison Ilassenfiu. President. LaSalle I lousing Partners, LP, c/o LaSalle ]lousing Corporation, General Partner, 4l6 E. 3rd Street. Kansas City, 1~~lissow-i 64106 shall be sufficient notice Notices delivered personally, sent by certified mail, or by express mail by a nationally recognized carrier, notices shall be deemed given on the date receiycd by the party to ~i~hom the notice was sent. 6