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.)PTIC,
<br />IN CONSIDIEPATION of t:he, Payment .)f olle 1) .�,Ilar
<br />and uthor mood and consi6(ratian, rece,ipt wh'-ru,f is
<br />und.rsicjna,G., pLACI-.; .7�:IjD COLj
<br />hereinafter refcrro6 to as f,-)ptionor. by :its t',Ijiy auL110r.ize.!
<br />A.
<br />Place, hereby grants and gives to the CitY
<br />South BenU, a -iounicipaj cor.qji-atj_on, hereiijafter to as
<br />Optionee, an Option tQ purchas,!:, the f:;)Ilowing U-1escribed proper
<br />in the City of South 1.anCA, Et- JOsePh C(,)untY, State of Indiana,
<br />locateCt in the Souti-i 'Uast Quarter Of Section 25, Townshi'p 3 L i
<br />North, Range 2 East:
<br />Beg inning at a point: on t'he.
<br />said Section 25, Tcrwnshlp 3'7 )go:��tj-j, Range 2 East, NjncD
<br />Hunc'Xe�dl ninaty-five feet WeSt of the East line of
<br />said 5--z�ction 25,- thmce_ 'Wt=Nst. along sai�i IL-:qcjsI-
<br />I- vjes*L
<br />Canterline TIVAD HIIIII-dreU (2U0) :L�otj t1ic-ncsOU4,.:!,j a,,I;a
<br />paica-IL2.1 to Lhe- Jjast line )f said Sec,_-irm 25, a distancc
<br />of Two hundred thirty and, forty-fJLve (230.>71-5)
<br />feet; thence East Two Hun6red (200) feet parallel to the
<br />��a_L� East an.! West Cenl_-Vrlins; thence Werth ri%,Io Hundre�"
<br />I irty and Forty-five hundredt-Ils (230.45) feet to the
<br />L
<br />place of beginning, containin{ 0.9 acres, excepting the
<br />West Thixty (30) feet in width East and lm�st, taken of
<br />of the -olest sidc, of the above described pazcel of land',
<br />suhject, however. to the following k_asaij%ents reserve6
<br />for the installation and maintenance of
<br />'dains' gas mtains, electric and teleghone cal)les anti
<br />and ei'juipmont of any ocher public utility, to-%.,: wizeS3
<br />t:
<br />;�n easement Tr.�'Tenty (20) fee"L in 5"X:LQLh za3z anti Iqc:st
<br />in, Upon over and across
<br />describ.ixi as Oollows-
<br />Beginninc at a point oil tjje Last .,,Lcl 4q.,Bt centaarline
<br />of erection 25, Tvwnship 37 North, Rango 2 :east,
<br />one
<br />Thousan6 One I-I'Lindred Forty-five (1,145) feet t.'fest of
<br />tho East line of :jai d Scuction 25i thence i%Test "UVent :Y
<br />(20) feet along said East and West Crant er line; thence
<br />Sout-h 'B,7o I-lundrea Thirty and forty-five hundredths
<br />(230.4,S) feat ana parallel to the L'as-LL line of saki
<br />Section 25, 'thence I'slast 'A-iemty (20) zFeet-,- thence North
<br />Iwo Ounclre6j ':t``hIrty am! Farty-five hundred-t1is (234.-,'5)
<br />feet to the place of beginning of the first herein
<br />deScribeet parc�:I of land; and
<br />
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