Approving an Option for the Purchase Real Estate Between City of South Bend & Mabel M. Crowel

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Service Company by the terms of a deed of easement dated the 10th of March, 1948, and recorded in Deed Record 435 at page 490 of the records of St. Joseph County, Indiana. This option may be exercised by the Purchaser by delivering to the Vendor at No. 18009 Ireland Road, South Bend, Indiana, either in person or by Registered United States ,Mail, a written notice of intention to exercise this option, on or before the first day of April, 1960. If this option is so exercised, the real estate above described shall be sold and purchased according to the provisions hereinafter contained; if not so exercised, it shall expire at midnight of the first day of April, 1960, the Vendor shall retain the consideration above recited, and the other provisions shall have no further force or effect. The purchase price shall be Six Thousand One Hundred Forty ($6140. 00) less the Five Hundred($500. 00) Dollars above recited, or the sum of Five Thousand Six Hundred Forty ($5640. 00) Dollars. Upon receipt of notice of intention to exercise this option, the Vendor shall proceed_ with due diligence to procure and deliver to the Purchaser a complete abstract of title to the real estate above described, certified approx- imately to the date of the notice, by an Abstractor maintaining an adequate title plant as defined by the Indiana Title Association. The Purchaser shall have reasonable time to cause such abstract to be examined. If the examination thereof discloses any defects in the title of the Vendor, rendering the same not merchantable, and if the Purchaser shall promptly supply the Vendor with a written statement of such defects, the Vendor shall proceed with due diligence to cause such defects to be removed, or to have the title quieted as against the same. When the title to the above described real estate has been rendered merchantable, but in any event within ninety (90) days of the date of the notice of exercise of this option, the Vendor shall deliver to the Purchaser a good and sufficient warranty deed, conveying title to the above described real estate to the Vendor free and clear of all liens and encumbrances, except the lien for real estate taxes for the year 1960, payable in 1961, and shall then surrender the possession of the above described real estate to the Purchaser. At the same time, the Purchaser shall pay to the Vendor the sum of Five Thousand Six Hundred Forty ($5640. 00) Dollars, and shall convey to the Vendor, her heirs and assigns, by good and sufficient conveyance, a perpetual easement across that portion of the above described real estate which lies North of a line 346. 5 feet North of, and parallel to, the South line of the Northeast Quarter of said Section Thirty, for ingress to and egress from the remainder of the real estate now owned by the Vendor in the Northeast Quarter of said Section Thirty; and shall promptly thereafter establish and maintain thereon a paved roadway according to the specifications for Class 1°C" roadways now in force in the City of SouthBend, Indiana, for the use of the Vendor, her heirs and assigns. The covenants herein made shall bind, and shall inure to the benefit of, the heirs, personal representatives and assigns of the Vendor, and the successors and assigns of the Purchaser. -2-