2 SALEM GREEN- AULSON CERTIFICATE OF COMPLETION 1998 f _� 1770
f 2 Salem Green
Aulson- Certif of Completion
CONSENT OF SALEM REDEVELOPMENT AUTHORITY
TO THE TRANSFER OF THE PROPERTY LOCATED
AT 2 SALEM GREEN, SALEM, MASSACHUSETTS
The Salem Redevelopment Authority hereby certifies that
George. H.. Aulson and Marilyn J. Aulson, the Grantees in a certain
deed from the Salem Redevelopment Authority dated September 20 ,
1979, recorded in Essex South District Registry of Deeds in
Book 6634 , Page 339, and as Docment No. 171937 on Certificate of
Title No. 49362 , have fully complied with all obligations
required of them by Paragraph Fourth of the said deed.
SA EDEVELOENT AUTHORITY
By.
oBCb F C4nR,4r/ CH iRM
COMMONWEALTH OF MASSACHUSETTS
ESSEX, ss /I /(q 1998
Then personally appeared the above named
and acknowledged the foregoing instrument to be the
free act and deed of Salem Redevelopment Authority,
�before me
Notary Public
Com. Exp.
LINDA D.WHITE
Notary Public
My Commission Expires 1001 18,2004
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DEED
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SALEM REDEVELOPMENT AUTHORITY, a public body politic
and corporate, duly organized and existing pursuant to the General
Laws of Massachusetts , having its office in Salem, Essex County ,
Massachusetts , in consideration of Nine Thousand Six Hundred
($9 , 600 . 00) Dollars , paid, grants to GEORGE H . AULSON and MARIL,YN
J . AULSON, husband and wife , as tenants by the entirety,
Il Church Street, Salem, Massachusetts , with QUITCLAIM COVENANTS
all the right, title and interest in and to the land with improve
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IIments thereon as described in Schedule A annexed hereto and wade
a part hereof (which property as so described is hereinafter called
( "Property" ) ,
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This Deed is made and executed upon and is subject to
certain express conditions and covenants , said conditions and
covenants being a part of the consideration .for the property here-I
by conveyed and are to be taken and construed as running with the
land and upon the continued observance of which and each of which ,
with the sole exception of covenants numbered FIRST and FIF`I! , the.
continued existence of the estate hereby granted shall depend , ancli
the Grantees hereby bind themselves and their successors , assigns ,
( grantees and lessees forever to these covenants and conditions
which covenants and conditions are as follows :
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FIRST: The Grantees shall devote the property her.ehy
conveyed only to the uses specified in the applicable provisions
of the Urban Renewal Plan or approved modifications thereof ;
ject to the provisions in covenant numbered THIRD .
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SECOND: The Grantees shall pay real estate taxes or
assessments on the property hereby conveyed or any part therm!'
iwhen due and shall not place thereon any encumbrance or( Lien' other than for temporary and permanent financing of construction
'I of the Improvements on the property hereby conveyed as provided
I; for in the Construction Plans , approved by the Grantor in accord-
ance with Section 8 (11) of the Contract of Sale dated the
day of July, 1978 , between the parties hereto, (hereinafter refer
( red to as the "Contract of Sale" ) which Contract of Sale is on
Pile in the office of the City Clerk of the City of Salem, and
for additional funds , if any , in an amount not to exceed ehe con-
sideration herein specified , and shall not lsuffer. any levy Or-
attachment to be made or any other encumbrance or lien to ntt,ich
until the Grantor certifies that all building construction acid
other physical improvements specified to be clone and made by the
IGrantees have been completed;
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THIRD: The Grantees shall commence promptly the con-
struction of the aforesaid Improvements on the property hereby
conveyed in accordance with the said Contract of Sale and shall
prosecute diligently the .construction of said Improvements to
completion: Provided , that in any event, construction shall
commence on or before June 1, 19$9, and shall be substantially
completed within twelve ( 12) months from the commencement of such
construction and in accordance with Section 4 of the Contract of
Sale dated July 1978 .
FOURTH: Until. the Grantor certifies that all the afore-
said Improvements specified to be done and made by the Grantees
have been completed , the Grantees shall have no power to convey
the property hereby conveyed or any part thereof without the prior;
written consent of the Grantor except to a Mortgaqee or Trustee
under a Mortgage or Deed of Trust permitted by this Deed, and ,
except as security for obtaining financing permitted by this Deed ,;
there shall be no transfer, and the Grantees shall not permit any
transfer , by any party, owning ten (10) percent or more of the
stock of. the Grantees of such stock, nor shall there be, or be
suffered to be by the Grantees , any other similarly significant
change in the ownership of such stock or in the relative distribLI-
tion thereof, or with respect to the identity of the parties in
control of the Grantees of the degree thereof , by any other method
or means , including , but not limited to, increased capitalization ,;
merger , corporate or other amendments , issuance of additional. or
new stock or classification of stock, or otherwise ;
FIFTH : The Grantees agree for themselves and any suc-
cessors in interest not to discriminate upon the basis of race ,
color, sex, religion, or national origin in the sale , lease , or
rental or in the use or occupancy of the property hereby conveyed
Ilor any part thereof or of any Improvements erected or to be
erected thereon or any part thereof.
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I The covenants and agreements contained in the covenant
numbered FIRST shall terminate on March 23 , 2012 . The covenants
and agreements contained in covenants numbered SECOND, THIRD , and
FOURTH shall terminate on the date the Grantor issued the Cert.i.fi-
cate of Completion as herein provided except only that the termi-
lnation of the covenant numbered SECOND shall in no way be construed
to release the Grantees from its obligation to pay real estate
taxes or assessments on the property hereby conveyed or any part
thereof . The covenant numbered FIFTH shall remain in effect with-
ilout any limitation as to time .
In case of the breach or violation of any one of the
covenants numbered SECOND, THIRD and FOURTH at any time prior to
the time the Grantor certifies that all building construction and i
lother physical improvements have been completed , and in case such
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breach or such violation shall not be cured, ended or remedied j
within sixty (60) days after written demand by the Grantor so to
do with respect to covenant numbered FOURTH and three (3) months
after written demand by the Grantor so to do with respect to
covenants numbered SECOND and THIRD (Provided, that a breach or
violation with respect to the portion of covenant numbered THIRD,
dealing with completion of the Improvements may be cured , ended ori
remedied within six (6) months after written demand by the Grantor
so to do) or any further extension thereof that may be granted by
the Grantor in its sole discretion, then all estate , conveyed under
this Deed, shall cease and determine , and title in fee simple to
the same shall revert to and become revested in the Grantor , or
its successors or assigns, and such title shall be revested fully
and completely in it, and the said Grantor, its successors or
assigns , shall be entitled to and may of right enter upon and take;
possession of the said property : Provided , that any such revest- (
ing of title to the Grantor:
( 1) Shall always be subject to and limited by , and
shall not defeat, render invalid, or limit in
any way
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(i) the lien of any mortgage or Deed of Trust
permitted by this Deed; and
(ii) any rights or interests provided in the
Contract of Sale for the protection of:
the trustees of any such Deed of Trust
or the holders of any such mortgage; and
(2) In the event that title to the said property or
part thereof shall revest in the Grantor in accord-'
ance with the provisions of this Deed, the Grantor
shall pursuant to its responsibilities under appli-
I cable law use its best efforts toresell the pro-
perty or part thereof (subject to such mortgage
I liens as hereinbefore set forth and provided) as
I soon and in such manner as the Grantor shall find
ifeasible and consistent with the objectives of such;
law, and of the Urban Renewal Plan, to a aualiEied
and responsible party or parties (as determined by
the Grantor) who will assume the obligation of mak-I.
ing or completing the Improvements or such other
improvements in their stead as shall be satisfactory
to the Grantor and in accordance with the uses
specified for the above described property or any
part thereof in the Urban Renewal Plan. Uoon such
resale of the property the proceeds thereof shall
be applied : j
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( breach, to which beneficiaries of such covenant may be entitled .
Promptly after the completion of the above-mentioned
Improvements in accordance with the provisions of the Construction
Plans , the Grantor will furnish the Grantees with an appropriate
liinstrument so certifying in accordance with the terms of the
, Contract of Sale . Such certification (and it shall be so provided
din the certification itself) shall be a conclusive determination
� of satisfaction and termination of the agreements and covenants
lin the Contract of Sale and in this Deed obligating the Grantees
and their successors and assigns , with respect to the consLructioni
lof the Improvements and the dates for beginninq and completion
( thereof : Provided, that if there is upon the property a mortcace
insured, or held or owned, by the Federal Housing Administration
and the Federal Housing Administration shall have determined that
�' all buildings constituting a part of the Improvements and covered
by such mortgage are, in fact, substantially completed in accord-
ance with the Construction Plans and are ready for occupancy , them
in such event, the Grantor and the Grantees shall accept the
determination of the Federal Housing Administration as to such
completion of the construction of the Improvements in accordance
with the Construction Plan, and, if the other agreements and cove-,
nants in the Agreement obligating the Grantees in respect of the
construction and completion of the Improvements have been fully
satisfied the Grantor shall forthwith issue its certification and I
such determination shall not constitute evidence of compliance
with or satisfaction of any obligation of the Grantees to any
holder of a mortgage , or any insurer of a mortgage , securing nioney
loaned to finance the Improvements , or any part thereof.
The certification provided for in the paragraph next
above shall be in such form as will enable it to be recorded i.n
lthe property office for the recordation of deeds and other insLru-
ments pertaining to the property hereby conveyed . If the Grantor
I) shall refuse or fail to provide such certification , the Grantor
! shall, within thirty ( 30) days after written request by the
IGrantees provide the Grantees with a written statement , indicating;
I(lin what respects the Grantees have . failed to duly complete said
lImprovements and what measures or acts will be necessary , in the
opinion of the Grantor, for the Grantees to take or perform in
order to obtain such certification .
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The Grantor certifies that all conditions precedent to
the valid execution and delivery of this Quitclaim Deed on its
part have been complied with and that all things necessary to
) constitute this Quitclaim Deed, its valid , binding and legal
agreement on the terms and conditions and for the purposes set
) forth herein have been done and performed and have happened , and
lthat the execution and delivery of this Quitclaim Deed on its
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part have been and are in all respects authorized in accordance
with law. The Grantees similarly certify with reference to its
execution and delivery of this' Quitclaim Deed.
1979 . WITNESS the execution hereof this _ U day ofl
WITNESS: SALEM REDEVELOPMENT AUTHORITY
By
Chairman
WITNESS:
GEORGE H. AULSON
MARILYNJ. AULSON
COMMONWEALTH OF MASSACHUSETTS
Essex, ss. 1979
Then personally appeared the above-named
Chairman as aforesaid, and acknowledged the foregoing instrument
to be the free act and deed of Salem Redevelopment Authority ,
before me,
PAY
LLGC. i V, 1'+02
"SCHEDULE A"
A certain parcel of land , situated on Federal Street and being
shown as Parcel RC-1D on a Alan entitled, "Property Plan , Project
No. Mass . R-95 , Heritage Plaza East, Salem Redevelooment Authority
Salem, Mass . , Scale : 1" = 40 ' , dated May 23 , 1978 , Essex Survev
Service, Inc . , Registered Engineers" recorded with Essex South
District Registry of Deeds , Plan Book 151 , Plan 36 , being bounded
and described as follows :
NORTHERLY by Federal Street, forty-seven ( 47) feet;
EASTERLY by the sideline of a walkwav, as shown on said
plan, seventy-two and 26/100 ( 72 . 26) feet;
SOUTHERLY by land now or formerly of Elemar , Inc . , fifteen
and 10/100 ( 15 . 10) feet;
WESTERLY by said land of Elemar , Inc . , one and 29/100
( 1. 28) feet;
SOUTHERLY by said land of Elemar, Inc . , thirty-two and
97/100 ( 32 . 97) feet;
/EASTERLY by land of the Countv of Essex, seventy_
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and 21/100 (71 . 21) feet.
(Said parcel containing 3 . 408 square feet of land , more or less ,
according to said plan .
Included in the above described parcel of land is a portion of
registered land being a division of land shown on Land Court Elan
17132A, filed with Certificate of Title No. 12538 filed in the
Land Registration Office and bounded and described as follo�-:s :
NORTHERLY by Lot 2 , now Federal Street, twenty-six and 27/10^
( 26 . 27) feet;
EASTERLY by the sideline of a walkwav , as shown on plan
hereinafter referred to, seventy-te,o and 41/100
(72 . 41) feet;
SOUTHERLY by land now or formerly of Elemar , Inc . , fifteen
and 10/100 ( 15 . 10 ) feet;
WESTERLY by said land of Elemar , one and 28/100 ( 1 . 28) feet;
SOUTHERLY by said land of Elemar , Inc . , twelve and 20/100
(12 . 20) feet;
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WESTERLY by land now or formerly of Salem Redevelopment
Authority , seventy-one and 50/100 ( 71 . 50) feet.
Said parcel containing 1 , 932 square feet of land and shown as
Lot 1 on a plan entitled, "Heritage Plaza East , Project No.
Mass . R-95 , Plan of Land in Salem, Scale : 1" = 20 ' , dated Julv
10 , 1978 , Essex Survey Service , Inc . , Registered Land Surveyor" .
For title reference, see Deed of Rose Anne Dion to Salem Redevelop-
ment Authority , dated July 16 , 1969 , recorded with Essex South
District Registry of Deeds , Book 5623 , Page 189 ; see also Order
of Taking recorded with said Registry of Deeds , on February 23 ,
1970 , in Book 5668 , Page 220 .
Cel''',2,�`�' Coc�Qs�ondne
eSalem
® Redevelopment
Authority
May 7, 1997
Mr. Kenneth Olson
31 Hazel Street
Apartment#1
Salem,MA 01970
Dear Mr. Olson:
Thank you for your interest in Salem's downtown business development programs. I
have enclosed information about the Salem Redevelopment Authority's loan program and an
application form. Once you have completed the application, I would be happy to review it and
give you a sense of its viability.
Also enclosed are the City's economic development brochure,which will acquaint you
with our business community and other business development programs, a guide to the City's
permitting process, and newsletters for members of the Salem business community.
Once again,thank you for your interest in locating your business in downtown Salem.
Please do not hesitate to contact me or my Administrative Assistant Ellen Dubinsky at(508)
745-9595, ext 311, if you have.any questions or need any additional information.
Sincerely,''..``
k)Lt4
Craig L. Wheeler
Executive Director
One Salem Green • Salem, Massachusetts 01970 • (508) 745-9595, Ext: 311 • Fax (508)740-0404
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