HomeMy WebLinkAbout#1457- Deed; SHORT FORM LEASE Beginning at point 428.71 feet east of the SW corner of parcel 2. West 428.71 feet north 743.76. east 428.71 feet, south 745.03 feetSHORT FORM LEASE Beginning at
point 428.71 feet East of the
SW corner of said Parcel 2,
thence West 428.71 feet, thence North 743.76 feet;
thence East 428.71 feet, thence
South 745.03 feet to the place of
beginning.
9035424
SHORT FORM LEASE
THIS SHORT FORM LEASE is entered into this day of
199_, by and between Liberty National Leasing Company, a national
banking association, ("Lessor"), and the the City of South Bend,
t:�:.:''.Indiana, acting by and through its Board of Public Works ("Lessee").
J' WHEREAS, the Lessor. and Lessee on the 26th day of December, 1990,
'entered into an agreement for lease with purchase option ("Lease")
for certain real property described in Exhibit "A" attached hereto,
and for the improvements and appurtenance ppurtenance constructed on said real
property, which real property, improvements and appurtenances are
collectively referred to in the lease and herein as the "Lease
Facility;" and
WHEREAS, the lease provides that the parties shall execute a
Short Form Lease describing the property demised, giving the term of
the lease, and the name and address of the parties, and referring to
the lease.
Now, therefore, in consideration of the mutual covenants
contained in the lease, the Lessor and Lessee hereby state that:
1. The term of the lease extends for a period of ten (10) years
from the commencement date, which is thrity (30) days after the date
of the deposit of funds in escrow by the Lessor as provided in the
lease.
2. Upon completion of the term of the lease, Lessee has the
option to purchase all of the Lessor's right, title and interest in
the Lea's�acility for the sum of One Dollars ($1.00).
U �z
CNESS WHEREOF, the undersigned have caused this Short Form
Lease to ne executect as of the elate and year tirst written above.
LESSOR:
BY:
TITLE:
ATTEST:
STATE OF INDIANA )
SS.
COUNTY OF ST. JOSEPH )
CITY OF SOUTH BEND, INDIANA
BOARD OF �P`UBLIC,. WORKS
John E. Leszczyns
;J
Pat icia E. D Clercq
rix�e H re
ATTEST: `-
Sandra M. Parmerlee, Clerk
Board of Public Works
Before me, the undersigned, a Notary Public residing in said
County and State, personally appeared John E. Leszczynski,
Patricia E. DeClereq and Katherine Humphreys, known to me as the
members of the Board of Public works of the City of South Bend,
Indiana, and acknowledge the execution of the foregoing Short Form
Lease.
IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed my official seal, this day of ,
1990. �f�
n
/'! H'f / /n'cr'c , Notary Public
Residing in St. Joseph County, IN
My Commission Expires:
- 2 -
SS.
On this - - day of
Notary Public duly licensed and sworn, 1990, before me, a
personally appeared
person who executed the within instPersonally known to me to be the
or on behalf of the corporrument as
ation therein named, and acknowledged such
corporation executed the within
Of its Board of Directors. instrument pursuant to its resolution
IN WITNESS WHEREOF, I have hereunto set my hand and my official
seal in the State of , County
on the date set forth above in this instrument. of
Resident of Notary PublicCounty
My Commission Expires:
This instrument was prepared by ,fenny Pitts Manier, Chief Assistant
City Attorney for the City of South Bend, Indiana, 1400 County -City
Building, South Bend, IN 46601.
MSF/MSF-SHORTL/P
- 3 -
EXHIBIT "A"
LEGAL DESCRIPTION
A part of Parcel 2 in the "Inner Belt
Industrial Park", a Subdivision in the
Southeast and Southwest Quarters of
Section 11, and the Northeast Quarter of
Section 14, all in Township 37 North,
Range 2 East, the Plat of which is
recorded in Plat Book 21, page 1, in the
office of the Recorder of said County
and State, which is more particularly
described as follows:
Beginning at point 428.71 feet East of
the Southwest corner of said Parcel 2,
thence West 428.71 feet; thence North
743.76 feet; thence East 428.71 feet,
thence South 745.03 feet to the place of
beginning.
"(9035,1211
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