6.B.(5) Real Estate Purcahse and Site Work Agreement

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PROPOSED LOT 7 OLIVER PLOW WORKS MAJOR, SECTION TWO (UNDERGROUND PIPE AND VALUE) LEGAL DESCRIPTION THAT PART OF THE SOUTHWEST QUARTER OF SECTION 11, TOWNSHIP 37 NORTH, RANGE 2 EAST, PORTAGE TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA WHICH IS DESCRIBED AS: COMMENCING AT THE NORTHWESTERLY CORNER OF LOT # 3 OF THE PLAT OF "OLPVER PLOW WORKS FIItST MAJOR -SECTION ONE" AS RECORDED BY DOCUMENT N0.0403909 IN THE RECORDS OF THE ST. JOSEPH COUNTY, INDIANA RECORDER'S OFFICE, THENCE AROUND A 60.00 FT. RADIUS CURVE TO THE RIGHT AN ARC DISTANCE OF 51.57 FT TO THE END OF A CHORD WHICH BEARS N. 24°-48'-22" W. AND HAVING A DISTANCE OF 50.00 FT. TO THE TRUE POINT OF BEGINNING; THENCE S. 89°-49'-06" W., 370.72 FT.; THENCE N. 00°-03'-45" E., 711.29 FT.; TO A POINT ON THE SOUTH LINE OF THE GRAND TRUNK WESTERN RAILROAD AND THE CONRAIL RAILROAD (FORMERLY PENN CENTRAL RAILROAD); THENCE ALONG SAID SOUTH LINE FOR THE NEXT NINE (9) COURSES, S. 73 -11'-44" E., 88.49 FT. AND S. 73°-06'- 44" E., 50.00 FT. AND S. 72°-59-44" E., 50.00 FT. AND S. 73°-04'-44" E., 50.00 FT. AND S. 73°-02'- 44" E., 50.00 FT. AND S. 73°-14'-44" E., 50.00 F'I'. AND S. 72°-57'-44" E., 50.00 FT. AND S. 69°-16'- 44" E., 49.52 FT AND S. 69°-43'-44" E, 13.33 FT.; THENCE S. 00°-03'-37" W., 514.85 FT. TO A POINT ON THE NORTHERLY RIGHT-OF-WAY LINE OF OLIVER PLOW COURT; THENCE ALONG SAID NORTHERLY LINE AROUND A 60.00 RADIUS CURVE TO THE LEFT AN ARC DISTANCE OF 94.50 FT. TO THE END OF A CHORD WHICH BEARS S. 44°-56'-21" W. AND HAVING A DISTANCE OF 85.03 FT. TO THE POINT OF BEGINNING. CONTAINING 6.31 ACRES MORE OR LESS ALSO TO BE KNOWN AS PROPOSED LOT 7 OLIVER PLOW WORKS MAJOR SUBDIVISION, SECTION TWO. SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD.