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"'~~, <br />~ ~~. ~~~ <br />n., c; <br />r• <br />'~ 9;3U49~.~ s ,.. ,.,, <br />r <br />'- ;' t SECOND ADDF~IDUM To LEASE Fps 16 iii ,,o b~ '~3 <br />~ ,f . <br />54U'I`ii BENF} REDEVET.OFf*IF..HT AI3TH4f2ITY fi0 <br />- ' ~ SDt3TH BEND F2$DEVELOPMENl' cortrs~sSiaH <br />fl <br />:-,. ~ J (Airport Economic Development Area <br />,i Public Improvement Project and <br />~ K..w.~'' Taxable Improvement Project) <br />~ ,~ <br />7 'THIS SECOi~D ADDENDUM, made and entered rata this 5th day of <br />February, 1993, by and between the South Rend t~edeYelflpment Authority, <br />a body corporate and politic organized and existing under Indiana CodA <br />t 3s-7-14.5 (hereinafter with its successors and assigns referred to as <br />the "Authority"), and the South Rend Redevelopment Com~nissior., the <br />i gosterning body of the South Bend Department of Redevelo(xnent and the <br />i Redevelopment District of South Bend, Indiana (hereinafter called the <br />~ "Lessee"}, <br />WITtt~,SS ETH <br />In consideration of the mutual covenants herein contained #~t is <br />agreed that the Lease {7~irport Ecor~amrt, I?e~rel.cp~nent Ar~r~ ~~,:blic <br />Improvement Project and Taxable Improvement Prolecty previously <br />• entered into between said parties as o€ the frrst day of August, 199n, <br />as amended and restated on December 1, 1990. shall }3e further amended <br />as fallaws: <br />1. Section 2 of the Lease shall be and hereby is amended to read <br />s as follows: <br />I <br />Section 2. Lease of Project. In consideration of <br />' the rentals anti other terms and cpnditions herein <br />~ specified the Authority does hereby lease, demise <br />and let to the Lessee the Project: T4 H71vE AHD TO <br />~ f:JLD the same with all rights, privileges, <br />easements and appurtenances therevnta belonging <br />unto the Lessee for a term beginning on the date of <br />execution of this Lease, and ending on the day <br />f Prior to such date twenty-two {22) years <br />thereafter. However, the term of this Lease shall <br />terminate at the earlier of ta} the exercise of the <br />option to purchase by Lessee and payment of the <br />option price, or (ti) the payment or defeasance of <br />all obligations of Lessor incurred (i) to finance <br />{ the r_ast of the leased property, {ii} to refund <br />such obligations, (if.) to refund such refunding <br />` obligations, or (ivJ to improve the leased <br />groperty. The dates the Tax-Exempt Project and the <br />Taxable project are complete and ready for use <br />shall be endorsed on this Lease at the end hereof <br />by the parties hereto as soon as the same can be <br /> <br />EXHIBIT <br />• <br />l~ <br />