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HomeMy WebLinkAbout#879- Deed; Quitclaim - Part of NW quarter section 12, township 37 (Century Center)CO: South Bend Department of Redevelopment Room 1200, County -City Building South Bend, Indiana 46601 QUIT CLAIM DEED (Long Form Deed) R7f / AUDITOR"S RECORD TRANSFER NO. 9,,-",7 TAXING UNIT DATE 117 V150 THIS INDENTURE WITNESS, that the City of South Bend Department of Redevelopment in St. Joseph County, Indiana, (Hereinafter referred to as the Grantor) convoys and quit claims to the City of South Bend, a Municipal. Corporation of the State of Indiana (hereinafter referred to as the Grantee) no/100 Dollars ($370,050.00), the receipt whereof is hereby acknowledged, the following described real estate in the City of South Bend, St. Joseph County, Indiana, to wit: , LEGAL DESCRIPTION A tract of land in the Northwest Quarter (1/4) Section 12 Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at a point on the East line of St. Joseph Street 96,25' South of the centerline of Jefferson Boulevard; thence N OOQ 24' 52" W on and along the East line of St. Joseph Street 757.601 to the PC of a 615.46' radius curve to the left; thence continuing on and along the East line on said 615.06' radius curve, a chord distance of 213.76' bearing N 10' 24' 52" W an are distance of 214.84' to the PTof said curve; thence con- tinuing on and along said East line of said St. Joseph Street on a bearing of N 20' 24' 52" W a distance of 32.55': thence N 31- 13' jU- H, a WsCance of 49.Z9' to tne scorn iine or Colfax Avenue; thence N 890 39' 38" E on and along the South line of Colfax Avenue a distance of 96.09 feet to a point an the West water's edge of the St. Joseph River; thence southerly and easterly along said West water's edge of the St. Joseph River; a distance of 85.19'; thence S 45' 30' 56" W, a distance of 33.16'; thence S'37' 25' 58" E, a distance of 3,87'; thence S 51' 2S' 27" W, a distance of 22.70'; thence S 42, 29' 3' E, a distance of 17.39'; thence S 34' 46' 56" 9, a distance of 2.91' thence S 13' 59' 36" E, a distance of 6.45'; thence S 14' 29' 46'' E, a distance of 83.42 feet; thence S 46' 48' 33" W a distance of 93.84'; thence S 42' 04' 22" E, a distance of 62.17'; thence S 43* 02' 48" U, a distance of 15.03'; thence southerly and easterly along a retaining wall a distance of 450.6l';. thence S 71- 30' 02- E, a distance of 124.87'; thence S 60' 55' 27" E, a distance of 146.45'; thence S 42' 27' 53" E, a distance of 129.18'; thence S 74* 24' 32" E, a distance of 111.26' to a point on the North line of Jefferson Boulevard, the last four courses being along the West water's edge of the St. Joseph River; thence S 890 40' 07" W a distance of 106.00'; thence N 0' 19' 53" W a distance of 1.25 feet to the PC of n 160.81' radius curve to the Left; thence on and along said 360.3 ' 1' radius curve to the left a chord distance of 316,42' ' bearing 0 S 63' 39' 42v , an arc distance of 327.55'; thence S 89' 38' 42" W, a distance of 405.06' to the East line of St. Joseph Street, said point being the place of beginning. Said tract containing 292,700 square feet (6.72 Acres) more or less. TogoLhur with th,� improvements thereon and all rights, tenements, hereditsments, privileges, easements, and appurtenances therein and thereto. 7� SECTION -I It is understood and agreed that this Deed is subject to the covenants, conditions, restrictions) and provisions of an agreement entered into between the Grantor and the Grantee on the 27th day for Sale of Land for Redevelopment by a of October 19721 identified as "Contract Agreement") Public Body (hereafter referred to as the - The Grantee may not convey this Property) or any part thereof, with- out the consent of the Grantor until a certificate Of completion releasing the Grantee from the obligations Of. said Agreement as to this property, or such part thereof then to be conveyed, has been Placed on record. This Provision, however, in no way Prevents the Grantee from mortgaging this property in order to obtain funds for the purchase of Property hereby conveyed and for erecting improvements thereon in conformity with the Urban Renewal Plan (herein called the "Redevelopment Plan") for the Central Downtown Project, Tnd- R-66, and applicable provisions of the Zoning Ordinance of the City Of South Bond, Indiana. The terms and covenants of the Agreement pertaining to the redevelopment of the real estate and to the improvements shall be deemed covenants running with the land. It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion of the redevelopment of the property through the construction of the improvements thereon, as provided in the Agreement and that such construction shall in any event be begun within two (2) years from the date of this Deed and be completed within seven (7) years from such date. Promptly after completion of the improvements in accordance with the provisions of the Agreement, the Grantor will furnish the Grantee with an appro- priate instrument so ceritfying. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of the Agreement and the covenants of the Agree- ment and of this Deed with respect to the obligation of the Grantee, and its suc- cessors and assigns, to coamuct the improvements and the dates for the beginning and completion thereof; provided that Such certification and such determination will not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any.;: holder of a mortgn8o, or any, insurev nz,a money loaned to finance the Purchase of the property hereby conveyed or the im- provements, or any part thereof. With respect to such individual parts or parcels of the property which the Grantee is authorized by the Agreement to convey or lease as the improvements to be constructed thereon are completed, the Grantor will also, upon proper completion of the improvements relating to any such part or parcel and provided the Grantee is not in default with respect to any Of its obligations under the Agreement, certify to the Grantee that such improvements have been made in accordance with the provisions of the Agreement. Such certification shall mean and Provide (1) that any party pur- chasing or leasing such individual part or parcel pursuant to the authorization contained in the Agreement will not (because of such purchase or lease) incur any obligation with respect to the construction of the improvements relating to such part or parcel, or to any other part or parcel of the property; and (2) that neither the Grantor nor any other party will thereafter have or be entitled to exercise with respect to any such individual part or parcel so sold (or in the case of lease, with respect to the leasehold interest) any right or remedies or controls that it may otherwise have or be entitled to exercise with respect to the property as P result of a default in or breach of any provisions of the Agreement or of this Deed by the Grantee or any successor in interest or assign, unless (a) such default or breach is by the Purchaser or lessee, or any successor in interest or assign, Of Or to such individual part or parcel with respect to the covenants contained and referred to in Article IV of the Agreement and in Section III of vv4� I nA- and M the right, remedy, or control related to such default or breach. -2- BOOK MR P,,,u J.7 All certifications Provided for herein shall be in such form as will enable ,,Granthem tor rto befue recorded fawith to the Office of tile Recorder of St. Joseph County. ses or provide anythe certification in accordance wl, If the provisions of the Agreemelit, and this Deed, the Grantor shall, within thirty th the (30) days after written request by the Grantee, provide the Grantee with a written statement indicating in adequate detail in what respects the Grantee has failed to complete the improvements in accordance with the, Provisions of the Agreement or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. SECTION II. In the event the Grantee herein, prior to the recording of the certificate of completion hercinabovc referred to, shall -- (a) Default in or violate its obligations With respect to the construction of the improvements provided for in tee'a""', and the Agreement, or abandon or substantially suspend spend con- struction work, and any default or violation, abandonment, or suspension is not cured, ended, or remedied within three (3) months (six (6) itionths if the default is with respect to the date for the completion of the. improvements) after written demand by the Grantor so to do; or (b) Fail to pay real. estate taxes or assessments on the property or any part thereof when due, or shall place thereon any en- cumbrance or lien not authorized by the Agreement, or shall suffer any levy or attachment to be made, or any materialmen's or mechanic's lions or any other unauthorized encumbrances or lien to attach, and such taxes or assessments shall not have been paid or the encumbrance or lien removed or dis- charged, or provisions satisfactory to the Grantor made for such payments, removal. or discharge, withill thirty (30) days after written demand by the Grantor so to do; or (c) In violation of the Agreement or of this Deed, transfer the propO07LY or any part thereof, and suqh vlollatiqiL be cured within thirty (30) days after written demand by the Grantor; then the Grantor shil.] have the right to re-enter and take possession of the property and to terminate and revest in the Grantor the estate conveyed by this Deed to the Grantee, its assigns or successors in interest. Such reversion of title shall, how- ever, be subject to the lien of any outstanding mortgage authorized by theAgreement. SECTION III, The Grantee agrees for itself and its successors and assigns to or of the property or any Part thereof, hereinbefore described, that the Grantee and such successors and assigns shall -- (a) Devote the property to, and only to and in accordance with the uses specified in the Redevelopment Plan, as hereafter amended and extended from time to time; (b) Not discriminate upon the basis of race, sex, color, religion, or national origin in the sale, lease or rental. or in the use or occupancy of the property or any improvements erected or to be erected thereon, or any part thereof. It is intended and agreed that the above and foregoing agreements and covenants shall be covenants running with the land., and that they shall, in any event, and without regard to technical classification or designation, legal or othetiqise, and except only as otherwise specifically provided in this Deed, be binding, to the fullest extent permitted by law and equity, for the benefit and in favor of, and enforceable by, the Grantor, its successors and assigns, and any successor in interest to the Property, or any part thereof, and the owner of any other land or any interest in such land in the Project Agea which is subject to the land use requirerionts and restrictions of the. Redevelopment Plan, and the United States (in the case of covenant in clause (b)) against the Grantee, its successors and assigns, and every successor in interest to the Property, or any hereof or any interest therein, and any party ill Possession or Occupancy or - the Property thereof or any part thereof. It is further intended and agreed that the ent and covenant provided in clause (a) shall remain in effect until December 9, .1999 (at which time such 'agreement and covenant shall terminate) and the agreements and covenants provided in clause (b) shall remain in effect without limitation as to time; Provided, that such agreements and covenants shall be binding on the Grantee itself, each successor in interest to the Property, and every part thereof, and each party in possession or occupancy, respectively, only for period as such successor or party shall have title to, or an interest in, or possession or occupancy of, the Property or part thereof. The terms "uses specified in the Redevelopment Plan" and "land use" referring to provisions of the Redevelopment Plan, or similar language, in this Deed shall include the land and all buildings, housing, and other requirements or restrictions of the Redevelopment Plan pertaining to such land. SECTIOIN IV. In amplificat-ion, and not in restriction of, the provisions of this Deed, it is intended and agreed that the Grantor and its successors and assigns shall be deemed beneficiaries of t1le agreements and covenants provided herein, and the United States shall be deemed a beneficiary of the covenants in clause (b) of Section III hereof, both for and in their or its own right, and also for the purposes of protecting the interest of the community and the other parties, public or private, in whose favor or for whose benefit these agreements and covenants have been pro- vided. Such agreements and covenants shall run in favor of the Grantor and the United States, for the entire period during which such agreements and covenants shall be in force and effect, without regard to whether the Grantor or the United States has at any time been, remains, or is an ovnier of any land or interest therein to, or in favor of, which such agreements and covenants relate. The Grantor shall have the right in the event of any breach of any such agreement or covenant, and the United States shall have the right in the event of any breach of the covenant provided in clause (b) hereof, to exercise all. the rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach of agrcaw.ent or covenant, to which it or any other beneficiaries of such agreement or covenant may be entitled. SECTION V. This Deed is also given subject to: (a) Easements, Restrictions, and Agreements of record. (b) Covenants, Conditions and restrictions contained in Urban Renewal Plan for the Central Downtown Urban Renewal Project, Indiana R-66, dated November 1.5, 1967, and as recorded in the records of the Recorder of St. Joseph County, South Bend, Indiana on November 6, 1969, in Book No. 252 at Page No. 650 through 704 inclusive, and as it may be amended from time to time. (c) Provisions of the zoning ordinance of the City of South Bend, Indiana, insofar as they affect this real estate. IN WITNI-,',SS WHEREOF, the, Grantor has caused this Deed to be duly _1't" executed in its behalf by its President and/AlSse'c`r;-eary and has caused its corporate seal to be hereunto affixed, this 27tb day of October, 1972. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPIIENT, Grantor By So'uch Bend Redevelopment Commission, Presicient! ATTEST: :,.,.South Bend Rcd'-_�vc, opment Commission, Secretary B. L. Wade I ,J Id r4,,(7- BOOK 761 PAGE '19 pm 100K STATE Or'INDIANA ST. JOSEPH COUNIY SS Before me the undersigned, a Notary Public in and for said State, personally appeared CjIVY ori, SOU,,[, BENI), County and DEPMIMEINT Or RCDLVEWpp4MjT -by Fred J. Helmen, President and B. L. Wade, Assistant Secretary, of the South Bend Redevelopment COmnission, and acImowledged the execution of the foregoing Deed. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal, this 27th day of October, 1972. z- A, Notary Public - Helm King My,_Coirmissilon Expires: Jibe Ttii,i instrument was prepared by South Bend, Indiam 116601. Department of Law South Bend, Indians , Date Ianuar_Y2-. -1 TO: Rollin B. Farrand, P.B. FROM: Robert M. Parker SUBJECT: Central Downtown Project, R-66 Disposition Parcel 5-1 FE8 1976 Board f Public'W its Attached is a title insurance policy in the amount of $159,793•50for real estate in R-66, Parcel 5-1 for the indicated real estate purchased by the City from the Department of Redevelopment. This policy should be filed with the documents showing proof of title of the City to City -owned real estate zf you have any questions concerning this title insurance, please call me. F` Robert P'rker' Chief Deput City Attorney RMP;az attachment cc: T. J. Brunner ATICOR coMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, PIONEER NATIONAL TITLE INSURANCE COMPANY (a Stock Company) a California corporation, herein called the Company, lrisures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the arrOUnt of insurance stated in Schedule A, and costs, attorneys' fees and expenses Which the Company may become obligated to ply hereunder, sustained or incurred by the insured by reason of° 7, Title to the estate or inlerest described in Schedule A beniq- vested otherwise than as stated therein; 2. Any defect in or lien or e.ncumbrance on such title, 3. Lack of a right Of access to and from the land; or 4. Unniarketability of such title; This policy shall not be valid or binding Until countersigned below by a validating officer of the Company. Pioneer National Title Insurance Company I by 'k')&Orj, President Attest U-1)" 4u, Tecretary ABSTRACT COMPANY OP ST. JOSEPH COUNTY, INC. Countersigned, ra H.BBy Validating Signatory "T'O I CqO PINT 1 (9-74) Ama ,'f ican Land Tit le AsSOC i Ut jon Owner's poil ley -- Fomi 13 — 19-/0 Gamended 10- 17-70), is d No. Date of Policy: O-B 009036 1 October 24, 1975 at 8:00 a.m. Amount of Insurance: Agent's Reference No.: S 159,793.50 1 7'11 24676 I . Name of lnsured: CIVIL CITY OF SOUTH BEND 2. Title to the estate or interest covered by this policy at the date hereof is vested in the insured. 3. The °eslate or interest in the land described or referred to in this Schedule covered by this policy 4. The land referred to in this policy is located in the County of St., Joseph State of Indiana and described as follow,s� A part of the Northwest Quarter (1/4) of Section 12, Township 37 North Range 2 East, City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at a point on the East line of St. Joseph Street 96.25 feet South 0024'52" East of the center- line of Jefferson Boulevard; thence North 89038142" East a distance of 405.06 feet to the West line of a street that lies in a Northeasterly direction and merges with Jefferson Boulevard, said street being in a Northeasterly direction and is formed by the merging of New Wayne Street and New Western Avenue from a Southwesterly direction; thence South westerly a distance of 81.98 feet along an arc to the left having a South 31*8147" West and a distance of 81-80 feet; thence South 24*38 10" West a distance of 145.56 feet; thence Southwesterly a distance of 114.11 feet along an arc to the right having a radius of 275.81 feet and subtended by a long chord having a bearing South 36'029'15" West and a distance of 113.30 feet; thence South 6206'53" West a distance of 43.30 feet; thence Southwesterly a distance of 151.54 feet along an arc to the right having a radius of 268.81 feet and subtended by a long chord having a bearing South 73029118" West and a distance of 149.54 feet; thence South 89038110" West a distance of 68.53 feet, said point being the intersection of the East line of New St. Joseph Street and the North line of New Wayne Street; thence Northeasterly a distance of 189.97 feet along an arc to the left having a radius of 997-43 feet and subtended by a long chord having a bearing North 5*2'37" East and a distance of 189.68 feet; thence North 0102415211 west a distance of 165.14 feet to the place of beginning. (2w75) AIMERICAN LAND TITLE ASSOCIATION OWNERS-1970 Schedule Policy No. a—B 009036 This policy does not insure against loss or damage by reason of the following; Sfondard Exceptions. - (a) Rights or claims of parties in possession not shown by the public records. (b) Easements, or claims of easements, not shown by the public records. (c) Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey or inspection of the premises. (d) Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. Special Exceptions: 1. Taxes for the year 1975, payable in 1976. 2. Tars for the year 1974, payable in 1975 Government owned Non -Taxable. Lot 59,60,61 Ex No 66' Lot 59 (Key Number 01-03-18;003-0074 - South Bend) 1974 Valuation: Land $37,950. No Imp. No Exemp. Total $37,950. Lot 62 OP So Bend (Key Number 01-03-18;003-0078 - South Bend) 1974 Valuation: Lana $9,240. Imp. $540. No Exemp. Total $9780. Lot 63 OP SBend (Key Number Valuation: Land$9240. No Imp. ONoOExemp. 00Total $9240utka Bend) 1974 Lot 64 OP South Benxi (Key Number 01-03-18;003-0080 - South Bend ) 1974 Valuation: Land $9240. No Imp. No Exemp. Total $9240. Lot 65 OP South Bend (Key Number 01-03-18;003-0072 - South Bend) 1974 Valuation: Land $16,170 Imp, $23,,390.. No 'Exemp. 'Total $39,560. 66-6`7 Original Plat (Key Number 01-0-18;003-0070 - South Bend,) 1974 Valuation: Land $32,340. Imp.. $18,200. No Exemp. Total $50,540. Loft 68 32 Ft, N & S x 75 Ft. E & W SE Gor Lot 69 57 Ft, on St.. Jos. & 90' Deep S Side Lot 69 OP South Bend (Key Number 01-03-18;003-0067' - South Bend) 1974 Valuation: Land $30,140. No Imp, No Exemp. Total $30,140. 11' X 90' So End Lot 70 & 9' X 901 Deep NW Pt. Lot 69 OP South Bend (Key Number 01-03-18;003-0062 -,South Bend',) 1974 Valuation: Land $3640. Imp. $360. No Exemp. Total $4,000. (continued) SCHEDULE k- (Continued) O-H' 0,09036 W 18.75 X 11of E 75'Lot 70 & W J.8.75' of 75 x 34' NE Pt. Lot 69 OP South Bend (11,ey Number 01-03-18;003-,-0063 - South Bend)1974 valuation: Land $2280. No Imp. No Exemp. Total, $2280. W 18.75 x III of E, 56.25' of Lot 70 & 11 3.8.75' of 56.25 X 34' NE T. Lot 69 OP South Bend 1974 Valuation: Lanc.3 $2280. No Imp. No Exemp. Total $2280. W 18.75' X 11' of 37.50' E End Lot 70 & W 18.75 of 37.50 X 34' IVE Pt Lot 69 OP South Bend (Key Number 01-03-1.8;003.-0065 - South Bend) 2974 Valuation: Land $2280. No Imp. No Examp. Total $2280. JAI # 111111 1 SK, 1411111111 Ai. Resolution of Redevelopment Commission confirming an earlier W;eclaratory Resolution dated November 15�, 19167 in regards to the Central Downtown Urban Renewal Project No. Ind. R-616, recorded #ctober 29, 1969 in Miscellaneous Record 252, pages 526 and 52'7; Restrictions contained in the Contract of Sale Agreement dated *ctober 19, 1973 and recorded October 25, 1973 in Miscellaneous, Record 280, page 603 between City of South Bend Department of Redevelopment and City of South Bend; also restriction contained in the Quit Claim Deed between City of South Bend Department of Redevelopment and Civil City of South Bend dated July 19, 1974 and recorded July 31, 1974 in Deed Record 789, page 447 in the Office of the Recorder of St. Joseph County, Indiana. .6.'Judgment for $46,423.32 plus costs now amounting to $28.50 plus interest against defendant rendered September 26, 1975 in St. Joseph Court, Cause No. F-7915 entitled "City of South Bend, Jerry .r mille%v- :Tft'l- V Bland Board of Trustees of the Firemen's Pension Fund of South Bend ats Glen A. Hess (etal) " entered in Judgment D,ocket 97, page 119. (See Fee Book 388, page 115.) (End of Schedule "B") INFLATION PROTECTION ENDORSEMENT ATTACHED TO POLICY NO. O-B 009036 ISSUED BY b0ioneer National Title Insurance Company The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies said Policy, as follows: I. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual upward adjustments in the manner and to the extent hereinafter specified. 2. "Adjustment Date" is defined, for the purpose of this Endorsement, to be 12:01 a.m. on the first January I which occurs more than six months after the Date of Policy, as shown in Schedule A of the Policy to which this Endorsement is attached, and on each succeeding January I. 1 An upward adjustment will be made on each of the Adjustment Dates, as defined above, by increasing the maximum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Endorsement) by the same percentage, if any, by which the United States Department of Commerce Composite Construction Cost Index (base period 1967) for the Month of September immediately preceding exceeds such Index for the month of September one year earlier; provided, however, that the maximum amount of insurance in force shall never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment in the amount of insurance for years in which there is no increase in said Construction Cost Index. 4. In the settlement of any claim against the Company under said Policy, the amount of insurance in force shall be deemed to be the arnount which is in force as of the date on which the insured claimant first learned of the assertion or possible assertion of such claim, or as of the date of receipt by the Company of the first notice of such claim, whichever shall first occur. Nothing herein contained shall be construed as extending or changing the effective date of said Policy. This Endorsement is made a part of said Policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof, Pioneer National Title Insurance Company By 2 -") �11 President A tlest: 41) Secretary In connection with a future application for title insurance covering said land, reissue credit =um charges (if applicable at all) will be allowed only upon the original face amount of rice as stated in Schedule A of said Policy. f'K' Z-0 Department of Law South Bend, Indiana INTER -OFFICE MEMO Date T,-ini1@-ry 23, !96 TO: Rollin E. Farrand, P.E. FROM: Robert M. Parker SUBJECT: Central Downtown Project, R-66 Disposition Parcel 5-1 Attached is a title insurance policy in the amount of $159,793.50 for real estate in R-66, Parcel 5-1 for the indicated real estate purchased by the City from the Department of Redevelopment. This policy should be filed with the documents showing proof of title of the City to City -owned real estate. If you have any questions concerning this title insurance, please call me. Robert P r Chief Deput RMP: a attachment cc: T. J. Brunner cer City Attorney MAIL TO: South Bend Department of Redevelopment Room 1200, County -City Building South Bend, Indiana 46601 AUDITOR'S RECORD TRANSFER NO. TAXING UNIT DATE Transfer, _._ I axing Unit QUIT CLAIM DEED Date 3 (Public Redevelopment) THIS INDENTURE WITNESSETH, that the City of South Bend, Department of I development in St. Joseph County, Indiana, (hereinafter referred to as the Grantor) conveys and quit claims to the Civil City of South Bend, (hereinafter referred to as the Grantee) for and in consideration of One Hundred Fifty Nine Thousand Seven Hundred Ninety Three and 50/100ths Dollars ($159,793.50), the receipt whereof is hereby acknowledged, the following described real estate in the City of South Bend, St. Joseph County, Indiana, to wit: LEGAL DESCRIPTION IN R66' D1 - FIISition Parcel 5-1B A part of the Northwest Quarter IS/4) of Section 12, Township 37 North Range 2 East, City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at a point on the East line of St. Joseph Street 96.25 feet South 0'2452" East of the center- line of Jefferson Boulevard; thence North 89'38'42" East a distance of 405.06 feet to the West line of a street that lies in a Northeasterly direction and merges with Jefferson Boulevard, said street being in a Northeasterly direction and is formed by the merging of New Wayne Street and New Western Avenue from a Southwesterly direction; thence South- westerly a distance of 81.98 feet along an arc to the left having a radius of 360.81 feet and subtended by a long chord having a bearing South 31'8'47" West and a distance of 81.80 feet; thence South 24'38' 10" West a distance of 145.56 feet; thence Southwesterly a distance of 114.11 feet along an arc to the right having a radius of 275.81 feet and subtended by a long chord having a bearing South 36'29'15" West and a distance of 113.30 feet; thencen South 62'6'53" West a distance of 43.30 feet; thence Southwesterly a distance of 151.54 feet along an arc to the right having a radius of 268.81 feet and subtended by a long chord having a bearing South 73'29'18" West and a distance of 149.54 feet; thence South 89'38'10" West a distance of 68.53 feet, said point being the intersection of the East line of New St. Joseph Street and the North line of New Wayne Street; thence Northeasterly a distance of 189.97 feet along an arc to the left having a radius of 997.43 feet and sub- tended by a long chord having a bearing North 502'37" East and a distance of 189.68 feet; thence North 0'24'52" West a distance of 165.14 feet to the place of beginning. SECTION I. It is understood and agreed that this Deed is subject to the covenants, conditions, restrictions, and provisions of an agreement entered into between the Grantor and Grantee on the 19th day of October, 1973, identified as "Contract for Sale of Land for Redevelopment by a Public Body" (hereafter referred to as the "Agreement") . The Grantee may not convey this property, or any part thereof, without the consent of the Grantor until a certificate of completion releasing the Grantee from the obligations of said Agreement as to this property, or such part thereof then to be conveyed, has been placed on record. This provision, however, in no way prevents the Grantee from mortgaging this pro- perty in order to obtain funds for the purchase of property hereby conveyed and for erecting improvements thereon in conformity with the Urban Renewal Plan (herein called the "Redevelopment Plan") for the Central Downtown Project, Ind. R-66, and applicable provisions of the Zoning Ordinance of the City of South Bend, Indiana. The terms and covenants of the Agreement pertaining to the redevelop- ment of the real estate and to the improvements shall be deemed covenants running with the land. It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion of the redevelopment of the property through the construction of the improvements thereon, as provided in the Agree - Book 441 M1= ment and that such construction shall in any event be begun within two years from the date of this Deed and be completed within seven years from such date. Promptly after completion of the improvements in accordance with the provisions of the Agreement, the Grantor will furnish the Grantee with an appropriate instrument so certifying. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of the Agreement and the covenants of the Agreement and of this Deed with respect to the obligation of the Grantee' and its successors and assigns, to construct the improvements and the dates for the beginning and completion thereof; provided, that such certification and such determination will not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any holder of a mortgage, or any insurer of a mortgage, securing money loaned to finance the purchase of the property hereby conveyed or the improvements, or any part thereof. With respect to such individual parts or parcels of the property which the Grantee is authorized by the Agreement to convey or lease as the improvements to be constructed thereon are completed, the Grantor will also, upon proper completion of the improvements relating to any such part or parcel, and provided the Grantee is not in default with respect to any of its obligations under the Agreement, certify to the Grantee that such improvements have been made in accordance with the provisions of the Agreement. Such certification shall mean and provide (1) that any party purchasing or leasing such individual part or parcel pursuant to the authorization contained in the Agreement will not (because of such purchase or lease) incur any obligation with respect to the construction of the improvements relating to such part or parcel, or to any other part or parcel of the property; and (2) that neither the Grantor nor any other party will thereafter have or be entitled to exercise with respect to any such individual part or parcel so sold (or in the case of lease, with respect to the leasehold interest) any right or remedies or controls that it may otherwise have or be entitled to exercise with respect to the property as a result of a default in or breach of any provisions of the Agreement or of this Deed by the Grantee or any successor in interest or assign, unless (a) such default or breach is by the purchaser or lessee, or any successor in interest or assign, of or to such individual part or parcel with respect to the covenants contained and referred to in Article IV of the Part II Agreement, and in Section III of this Deed, and (b) the right, remedy, or control relate to such default or breach. All certifications provided for herein shall be in such form as will enable them to be recorded with the Office of the Recorder of St. Joseph County. If the Grantor refuses or fails to provide any such certification in accordance with the provisions of the Agreement and this Deed, the Grantor shall, within thirty (30) days after written request by the Grantee, provide the Grantee with a written statement indicating in adequate detail in what respects the Grantee has failed to complete the improvements in accordance with the provisions of the Agreement or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. SECTION 11. In the event the Grantee herein, prior to the recording of the certificate of completion hereinabove referred to, shall -- (a) Default in or violate any obligations with respect to the construction of the improvements provided for in this Deed LIJ and the Agreement, or abandon or substantially suspend con- struction work, and any default or violation, abandonment, or suspension is not cured, ended, or remedied within three (3) months (six (6) months if the default is with respect to the date for the completion of the improvements) after written demand by the Grantor so to do; or (b) Fail to pay real estate taxes or assessments on the property or any part thereof when due, or shall place thereon any en- cumbrance or lien not authorized by the Agreement with the Grantor, or shall suffer any levy or attachment to be made, or - 2 - any materialmen's or mechanic's liens or any other unauthorized encumbrances or lien to attach, and such taxes or assessments shall not have been paid or the encumbrance or lien removed or discharged, or Provisions satisfactory to the Grantor made for such payments, removal or discharge, within thirty (30) days after written demand by the Grantor so to do; or (c) In violation of the Agreement or of this Deed transfer the pro- perty or any part thereof, and such violation shall not be cured within thirty (30) days after written demand by the Grantor; then the Grantor shall have the right to re-enter and take possession of the property and to terminate and revest in the Grantor the estate conveyed by this Deed to the Grantee, its assigns or successors in interest. Such reversion of title shall, how- ever, be subject to the lien of any outstanding mortgage authorized by the Agreement. SECTION III. The Grantee agrees for itself and its successors and assigns to or of the property or any part thereof, hereinbefore described, that the Grantee and such successors and assigns shall -- (a) Devote the property to, and only to and in accordance with the uses specified in the Redevelopment Plan, as hereafter amended and extended from time to time; (b) Not discriminate upon the basis of race, sex, color, religion, or national origin in the sale, lease or rental or in the use or occupancy of the property or any improvements erected or to be erected thereon, or any part thereof. It is intended and agreed that the above and foregoing agreements and covenants shall be covenants running with the land, and that they shall, in any event, and without regard to technical classification or designation, legal or otherwise, and except only as otherwise specifically provided in this Deed, be binding, to the fullest extent permitted by law and equity, for the benefit and in favor of, and enforceable by, the Grantor, its successors and assigns, the City and any successor in interest to the Property, or any part thereof, and the owner of any other land or any interest in such land in the Project Area which is subject to the land use requirements and restrictions of the Redevelopment Plan, and the United States (in the case of covenant in clause (b)) against the Grantee, its successors and assigns, and every successor in interest to the Property, or any part thereof or any interest therein, and any party in possession or occupancy of the Property thereof or any part thereof. It is further intended and agreed that the agreement and covenant provided in clause (a) shall remain in effect until December 9, 1999 (at which time such agreement and covenant shall terminate) and the agreements and covenants provided in clause (b) shall remain in effect without limitation as to time; Provided, that such agreements and covenants shall be binding on the Grantee itself, each successor in interest to the Property, and every part thereof, and each party in possession or occupancy, respectively, only for period as such successor or party shall have title to, or an interest in, or possession or occupancy of, the Property or part thereof. The terms "uses specified in the Redevelopment Plan" and "land use" referring to provisions of the Redevelopment Plan, or similar language, in this Deed shall include the land and all buildings, housing, and other requirements or restrictions of the Redevelopment Plan pertaining to such land. SECTION IV. In ampllflcatlon, and not In restriction of, the provisions of this Deed, it is intended and agreed that the Grantor and its successors and assigns shall be deemed beneficiaries of the agreements and covenants provided herein, and the United States shall be deemed a beneficiary of the covenants in clause (b) of Section III hereof, both for and in their or its own right, and also for the purposes of protecting the interest of the community and the other parties, public or private, in whose favor or for whose benefit these agreements and covenants have been provided. Such agreements and covenants shall run in favor of the Grantor and the United States, for the entire period during which such agreements and covenants shall be in force and effect, without regard to whether the Grantor or the United States has at any time been, remains, or is an owner of any land or interest therein to, or in favor of, which such agreements and covenants relate. The'Grantor shall have the right in the 3 - I Book 789 wE449' Boox 789 %E'450 event of any breach of any such agreement or covenant, and the United States shall have the right in the event of any breach of the covenant provided in clause (b) hereof, to exercise all the rights and'remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach of agreement or covenant, to which it or any other beneficiaries of such agreement or covenant may be entitled. SECTION V. This Deed is also given subject to: (a) Easements, Restrictions, and Agreements of record. (b) Covenants, Conditions and Restrictions contained in Urban Renewal Plan for the Central Downtown Urban Renewal Project, Indiana R-66, dated November 15, 1967, and as recorded in the records of the Recorder of St. Joseph County, South Bend, Indiana on November 6, 1969, in Book No. 252 at Page No. 650 through 704 inclusive, and as it may be amended from time to time. (c) Provisions of the zoning ordinance of the City of South Bend, Indiana, insofar as they affect this real estate. IN WITNESS WHEREOF, the Grantor has caused this Deed to be duly executed in its behalf by its President and Secretary and has caused its corporate seal to be hereunto affixed this 19thday of July, 1974. CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, Grantor Fred He men, President Soleh- Bend.Redevelopment Commission ATTEST: VB..Wades, Assistant Secretary 'd South Bend Redevelopment Commission STATE OF INDIANA SS: ST. JOSEPH COUNTY Before me, the undersigned, a Notary Public in and for said County and State, personally appeared CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT, by Fred J. Helmen, President and B. L. Wade, Assistant Secretary of the South Bend Redevelopment Commission, and acknowledged the execution of the foregoing Deed. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal, this _I_qtj3- day of July. 1974. Notary Public Helen S. King Conuiss:,Wn Expires: June 22, 1977 - 4 - ATTEST: -5- ACCEPTED CIVIL CITY OF SOUTH BEND "Til 1111, May,, 4^�.Q.,c.U— A, , Irene K. G ani orb"Clerk 4 This instr ument was prepared by Kevin J. Butler, ROEMER, SWEENEY, BUTLER & SIMERI, 1221 St. JOseph Bank Building, South Bend, Indiana 46601. Kff DULY ENTERLD FoR T ,I , AUDITOR