Designating Tax Abatement - 601 W. Broadway St. (5 Year Personal Property)

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Beginning at a point 1,402.35 feet North and 149 . 69 feet East of the S.W. corner of Tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana, said line being also the intersection of the North Line of the Michigan Central Railroad right-of-way and the East line of Kendall Street; thence S. 00°00 ' 00" E. a distance of 20 .00 feet to a point; thence N. 89°55 ' 34" W. a distance of 203 . 89 feet to a point; thence N. 00°00 ' 00" E. a distance of 179 .52 feet to a point; thence N. 88°30 ' 58" W. a distance of 298. 17 feet to the Easterly line of Prairie Avenue, said line being also the Westerly line of Tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence N. 28°14 ' 42" E. along said Easterly line of Prairie Avenue a distance of 22 .40 feet to a point; thence S. 88°30 ' 58" E. a distance of 307.59 feet to a point; thence S. 00°00 ' 00" E. a distance of 179 .03 feet to a point; thence S. 89°55 ' 34" E. a distance of 183 .86 feet to the point of beginning. Also a part of the N.E. 1/4 of Section 14, Twp. 37 N. , R. 2 E. , more particularly described as follows : Beginning at a point 298 .27 feet North and 149 . 69 feet East of the S.W. corner of tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana, said line being also the intersection of the North line of the Michigan Central Railroad right-of-way and the East line of Kendall Street; thence N. 00°00 ' 00" E. a distance of 20.00 feet to a point; thence N. 89°44 ' 51" W. a distance of 149 . 18 feet to the E. line of Kendall Street, said line being also the Westerly line of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence Southerly along the said E. line of Kendall Street a distance of 20 . 00 feet to a point; thence S. 89°44 ' 51" E. a distance of 149 .21 feet to the point of beginning. (c) Easement for use of railroad purposes to and from Parcel 1, described as follows : A part of the Northeast Quarter (1/4) of Section 14, Township 37 North, Range 2 East, more particularly described as follows: Beginning at the intersection of the North line of the Michigan Central Railroad right-of-way and the East line of Kendall Street, said point being the S.W. Corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in the Plat Book 11, page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 29 . 90 feet for a point of beginning; thence continuing North on the said East line of Kendall Street a distance of 25.00 feet; thence No. 89°40 ' 37" E. a distance of 41. 80 feet to the point of curvature of a curve concave to the Northwest and having a central angel of 77°11 ' 29" and a radius of 233 .09 feet; thence Northeasterly along said curve an arc distance of 314 . 03 feet to the South line of Broadway Street projected West; thence N. 89°22 '40" E. along said South line a distance of 34 . 50 feet to its intersection with a curve concave to the -3-