**Exhibit 10.17**
REAL ESTATE MORTGAGE AND SECURITY AGREEMENT[FIXTURE FILING](Mount Vernon)THIS INDENTURE WITNESSETH
that in  consideration  of the sum of Ten Dollars  ($10.00) and other sufficientconsideration, receipt whereof is hereby acknowledged,
BAS EVANSVILLE, INC., an Indiana corporation("Mortgagor")MORTGAGES and WARRANTS toUNION PLANTERS BANK, N.A.a national banking association("Mortgagee")
the  real  estate  which  is  described  on  Exhibit  A  attached   hereto  (the“Property”),   together  with  the  buildings,  structures  and  otherimprovements now or hereafter situated on or used in connection  therewith,  allrights,  privileges,   interests,   easements,   tenements,   hereditaments  andappurtenances  thereunto  appertaining,  all fixtures and appliances  (includingsigns) now or hereafter  attached thereto or used in connection  therewith,  andthe rents, issues, income and profits thereof (the Property together with all ofthe  foregoing  are  referred  to  herein  collectively  as the  “MortgagedProperty”),   and  grants  to  Mortgagee  a  security   interest   therein.

        Mortgagor further grants to Mortgagee a security interest, mortgage and lien on:

        A.        All Fixtures (as defined in the Indiana  Uniform  Commercial  Code, as in effectfrom  time to time) and any  additions  to,  substitutions  for,  changes  in orreplacements of the whole or any part thereof,  including without limitation allwall-safes, built-in furniture and installations,  shelving, partitions, vaults,elevators,   dumb-waiters,   awnings,  window  shades,  venetian  blinds,  lightfixtures, fire hoses and brackets and boxes for the same, fire sprinklers, alarmsystems, drapery rods and brackets, screens, water heaters,  incinerators,  wallcoverings,   carpeting,  linoleum,  tile,  other  floor  coverings  of  whateverdescription,  communication systems, all specifically designed installations andfurnishings, store maintenance and other supplies and all other Fixtures, now orat any time  hereafter  placed  upon or used in any way in  connection  with theownership,  operation or  maintenance  of the Mortgaged  Property or any portionthereof  and  owned by  Mortgagor  or in which  Mortgagor  now has or  hereafteracquires an interest and all building  materials  now or hereafter  delivered tothe  Mortgaged  Property  and intended to be installed or placed in or about theMortgaged   Property    (hereinafter   referred   to   as   the   “PersonalProperty”).  Notwithstanding  the breadth of the  foregoing,  the  PersonalProperty  shall not  include:  (i) equipment,  (ii) personal  propertywhich may be owned by lessees or other  occupants  and their  customers or whichmay be leased by such lessees or other occupants of the Mortgaged  Property fromthird  parties,  unless  such  personal  property  is  subsequently  acquired byMortgagor;  (iii) material,  equipment,  tools, machinery or other personalproperty  which  is  brought  upon  the  Mortgaged  Property  only  for  use  inconstruction,  maintenance  or repair and which is not  intended to remain afterthe  completion  of such  construction,  maintenance  or repair and which is notnecessary  for  ownership,  occupancy or property  maintenance  of the MortgagedProperty;  or (iv) such  items of tangible personal property which have notbeen  purchased  or  installed  with the  proceeds of the Notes (as  hereinafterdefined)  and with  respect  to which  Mortgagee  shall have  executed  express,written agreements to subordinate  Mortgagee’s lien or security interest insuch tangible personal property. 

        B.        All right, title and interest of Mortgagor,  now owned or hereafter acquired, inand to any land lying  within the  right-of-way  of any street,  road,  alley orpublic  place,  opened,  proposed  or  vacated,  by law or  otherwise,  and  alleasements  and  rights-of-way,  public  or  private,  tenements,  hereditaments,appendages, rights and appurtenances now or hereafter located upon the MortgagedProperty  or now or  hereafter  used  in  connection  with  or now or  hereafterbelonging  or  appertaining  to the  Mortgaged  Property,  all of which shall beincluded within the definition of “Mortgaged Property.” 

        C.        All judgments,  settlements and any and all proceeds derived from such hereafterentered or made as a result of or in lieu of taking of the  Mortgaged  Property,any part thereof,  interest therein or any rights appurtenant  thereto under thepower of eminent domain or purchase in lieu thereof, or for any damages, whethercaused by such taking or otherwise, to the Mortgaged Property,  including changeof grade of  streets,  curb cuts or other  right of access for any public use orpurpose under any law. 

        D.        All rents, income, profits,  revenues,  royalties,  bonuses,  rights,  accounts,contract rights,  insurance policies and proceeds thereof,  general  intangiblesand benefits of the Mortgaged  Property or the Personal Property or arising fromany lease or similar  agreement  pertaining  thereto,  and all right,  title andinterest  of  Mortgagor  in and to all leases of the  Mortgaged  Property or thePersonal  Property  now or  hereafter  entered  into and all  right,  title  andinterest  of  Mortgagor  thereunder,  including,  without  limitation,  cash  orsecurities  deposited  thereunder  to secure  performance  by  lessees  of theirobligations thereunder, whether said cash or securities are to be held until theexpiration  of the  terms  of  said  leases  or  applied  to one or  more of theinstallments  of rent coming due  immediately  prior to the  expiration  of saidterms with the right to  receive  and apply the same to said  indebtedness  (the“Rents and Profits”). 

        E.        All  proceeds  from the  conversion,  voluntary  or  involuntary,  of any of theforegoing into cash or liquidated claims.
        F.        All  contract  rights  relating  to all or any part of the  Mortgaged  Property,including, but not limited to construction agreements.
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        All of the  foregoing,  together  with the  Mortgaged  Property,  are  sometimescollectively referred to as the “Collateral.” 
        Reference is hereby made to that certain Loan Agreement made on October 29,2002 among Mortgagor and  Bioanalytical  Systems,  Inc., an Indiana  corporation(“BAS”),  as Borrowers and Mortgagee as Lender (as may be amended fromtime to time, the “Loan Agreement”).  The terms and conditions of suchLoan Agreement are incorporated into this Mortgage by this reference.
        This Mortgage is made, and the security  interest granted herein is granted,  tosecure the following: 

        AA.        the  payment,  promptly  when due,  of all of the loan  indebtedness  (includinginterest and reasonable  attorneys’  fees and costs of  collection)  now orhereafter  arising  under the Loan  Agreement  and the  Instruments,  as definedtherein  (whether or not evidenced by promissory  notes made pursuant  thereto),including without limitation: (1) the Loan (West Lafayette) Promissory Notedated  concurrently  herewith  executed  by BAS in the amount of Two Million TwoHundred Fifty Thousand Dollars and No Cents ($2,250,000.00) the last installmentof which is due and payable on or before  November 1,  2012 (the “Loan(West Lafayette)  Note”);  (2) the Loan (Mount Vernon) Promissory Notedated  concurrently  herewith executed by Mortgagor and BAS in the amount of TwoMillion Three Hundred Forty Thousand  Dollars and No Cents  ($2,340,000.00)  thelast  installment of which is due and payable on or before  April 1,  2008;and (3) the Term Loan Promissory Note dated concurrently  herewith executedby BAS in the amount of Five Million  Four  Hundred Ten Thousand  Dollars and NoCents  ($5,410,000.00)  the last  installment  of which is due and payable on orbefore   November 1,   2012,   including  all  extensions,   modifications,consolidations,  and renewals of each of the foregoing  (such  promissory  notesreferred to collectively as the “Notes”), 

        BB.        one or more future advances to Mortgagor  and/or BAS in an aggregate  amount notto  exceed  Ten  Million  Dollars   ($10,000,000)  in  excess  of  the  originalindebtedness  evidenced  by the Notes,  which  future  advances  shall,  in eachinstance,  be secured by this Mortgage in accordance with I.C.  32-8-11-9.  Suchfuture  advances,  with  interest  thereon,  shall be secured by this  Mortgage,whether made  (i) under  one or more of the Notes, or  (ii) under  anysubstitution,  renewal,  replacement or modification agreements or notes statingthat such agreements or notes are secured by this Mortgage,  it being understoodby all parties that the advancement of additional  funds, as provided for above,remains discretionary with Mortgagee and is not obligatory, 

        CC.        the  observance  and  performance  of all other  obligations  to be observed andperformed  by  Mortgagor  under  the Loan  Agreement,  under  any  agreement  orinstrument executed pursuant to the Loan Agreement, or under this Mortgage, and 

        DD.        all costs  and  expenses  incurred  in the  collection  and  enforcement  of theindebtedness and obligations secured hereby, and all costs and expenses incurredin the foreclosure of this Mortgage,  including (without limitation)  reasonableattorneys’  fees, costs of environmental assessments,  costs of abstractingor  title  insurance,  appraisal  fees,  expenses  of  survey  and  expenses  ofpublication of notice. 

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        1.        Perfection of Security Interest in Fixtures.  Mortgagor further grants toMortgagee a security  interest,  mortgage  and lien on the  Collateral  and thisMortgage is intended to also serve as a Security Agreement.  With respect to allfixtures included within the definition of the Mortgaged  Property hereunder andwith respect to all Personal Property which are or are to become fixtures,  thisMortgage  will  constitute  a  financing  statement  under the  Indiana  UniformCommercial  Code.  It is  intended  that as to such  fixtures  and the  proceedsthereof,  this  Mortgage will be effective as a financing  statement  filed as afixture filing in the real estate records of the county in which the Real Estateis  located.  The  Real  Estate  affected  by  this  Mortgage  is  described  inExhibit A.  The  owners  of  record  of  such  Real  Estate  is  Mortgagor.Information  concerning  the  interest  of  Mortgagee  in such  fixtures  may beobtained  from  Mortgagee at its address set forth in this  Mortgage.  Mortgagorhereby  authorizes  Mortgagee  to  execute  and file (in such  offices as may benecessary for the purpose) any  additional  financing  statements as it may deemappropriate  to perfect the security  interest in fixtures or personal  propertygranted herein, without Mortgagor’s signature thereon. For purposes of thisfixture  filing,  Mortgagor is the Debtor and  Mortgagee  is the Secured  Party.

        2.        Default.  Upon the  occurrence  of an Event of Default (as defined in theLoan Agreement), Mortgagee may (at its option) without notice or demand, declarethe entire balance of said  indebtedness  to be immediately  due and payable andmay  forthwith  commence an action to  foreclose  this  Mortgage in any court ofcompetent  jurisdiction.  And it is further  agreed  that,  in such  foreclosureaction,  Mortgagee will be entitled as a matter of right to the appointment,  exparte and without  notice,  of a receiver to take  possession  of the  MortgagedProperty,  and to receive  and collect  the  income,  rents,  issues and profitsthereof, and to lease the same if the same is not then under lease, and all sumsreceived and  collected by said receiver will be applied first to the payment ofthe costs  and  expenses  of such  receivership,  next to the  costs  (includingreasonable attorneys’ fees) of said foreclosure action, next to the paymentof unpaid real  estate  taxes and  assessments,  next to the payment of interestaccrued in the  indebtedness  secured hereby,  and finally to the payment of theunpaid  principal  balance of the  indebtedness  secured  hereby.  The foregoingremedies will be in addition to all other remedies available to Mortgagee at lawor in equity. 

        3.        Effect  of Waiver or  Release.  The failure of  Mortgagee to exercise anyright or remedy  available to it hereunder  will not constitute a waiver of suchright  or  remedy  for any  continuing  or  repeated  default,  and will not barMortgagee from the exercise of such right or remedy or any other right or remedyavailable to it hereunder. 

        4.        Notices.  All  notices  to be given  pursuant  to this  Mortgage  will besufficient if given by personal  service,  or by guaranteed  overnight  deliveryservice,  or by postage  prepaid  mailing by certified or  registered  mail withreturn receipt  requested,  to the parties as set forth below,  or to such otheraddress as a party may request by notice  given  pursuant to this  Section.  Anytime period  provided in the giving of any notice  hereunder shall commence uponthe date of personal service, the day after delivery to the guaranteed overnightdelivery  service,  or two (2) days after mailing  certified or registered mail.However, any failure to give notice in accordance with the terms of this Sectionwill not  invalidate  such  notice if such  notice  was in fact in  writing  andactually received by the party to whom it was directed. 

– 4 –Mortgagor:BAS Evansville, Inc.10424 Middle Mt. Vernon RoadMount Vernon, Indiana  47620Attention:  Michael P. Sylvon, Ph.D.Mortgagee:UNION PLANTERS BANK, N.A.437 South StreetP.O. Box 780Lafayette, IN 47902-0780Attention:  Daniel R. House
        5.        Collection  Costs.  Mortgagor  will be obligated to pay any and all costsincurred  in  the  collection  of the  indebtedness  secured  hereby  and in theforeclosure  of this  Mortgage  and the sale of the  Mortgaged  Property as suchcosts  are  incurred.   As  used  herein,  the  term  “costs   incurred  incollection”  means all costs and expenses  reasonably incurred by Mortgageein or in  connection  with the  foreclosure  of this Mortgage or the sale of theMortgaged Property,  including (without limitation) court costs,  sheriff’sor   marshall’s   fees,   fees  for   publication  of  notice,   reasonableattorneys’  fees,  abstracting  fees, title insurance  premiums,  appraisalfees,  surveyor’s fees, environmental assessment fees and costs incurred inremediating any contamination of the Mortgaged Property. 

        6.        Valuation  and  Appraisement.  All sums  payable  under this  Mortgage  shall bewithout relief from valuation and appraisement laws.
        7.        Eminent  Domain.  Mortgagor,  immediately upon obtaining knowledge of theinstitution of any  proceeding  for the taking of the Mortgaged  Property or anyportion  thereof  under the power of  eminent  domain,  shall  notify  Mortgageethereof. Mortgagee may, at its option, appear in and prosecute, in its own name,any action or  proceeding,  or make any  compromise  or settlement in connectionwith such proceeding,  and Mortgagor appoints Mortgagee as Mortgagor’s trueand  lawful  attorney  for such  purposes,  such  power  being  coupled  with aninterest.   After   deducting   all  of  its  expenses,   including   reasonableattorneys’   fees,   Mortgagee  may  elect,  in  its  sole  discretion  andnotwithstanding the fact that the security given hereby may not be impaired by apartial condemnation,  to apply any part or all of the proceeds of the award, insuch order as Mortgagee may determine, in reduction of the Indebtedness, whetherdue or not.  Any  application  of all or a portion of the  proceeds  of any suchaward to the  Indebtedness  shall not cure or waive  any  default  hereunder  orinvalidate any act done pursuant to any notice of default.  Mortgagor  agrees toexecute such further assignments of any compensation,  award, damages,  right ofaction and proceeds as Mortgagee may require. 

        8.        Damage or  Destruction.  Mortgagor will give  Mortgagee  prompt notice ofdamage to or destruction  of any  improvements  on the Mortgaged  Property or topersonal property used in the operation of the Mortgaged Property and in case ofloss covered by policies of  insurance,  Mortgagee is hereby  authorized to makeproof of loss if not promptly  made by Mortgagor or the lessees  under any leaseof   any   portion   of   the   Mortgaged   Property    (“Lease”    or“Leases”).  Any expenses  incurred by Mortgagee in the  collection  ofinsurance proceeds, together with interest thereon from the date of such expenseat the highest default rate set forth in the Notes, shall be added to and becomea part of the  Indebtedness  and shall be  reimbursed  by Mortgagor to Mortgageeimmediately upon demand. Such net proceeds may be applied by Mortgagee,  upon orin  reduction  of the  Indebtedness  then most  remotely  to be paid,  without aprepayment fee, or to the cost of rebuilding or restoration of the  improvementson the  Mortgaged  Property.  However,  if  Mortgagee  shall  require  that  theimprovements on the Mortgaged Property be repaired or rebuilt,  then the repair,restoration,  replacement  or  rebuilding of the  improvements  on the MortgagedProperty shall be to a condition of at least equal value as prior to such damageor  destruction,  and such net  proceeds of  insurance  shall be made  availabletherefor under the conditions and in the manner set forth below. 

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        So long as there exists no Event of Default (as defined in the Loan  Agreement),and  provided  any loss or damage  cannot,  in the sole  judgment of  Mortgagee,result in the termination,  cancellation or modification of the Leases (if any),and if the Leases so require and the  insurers do not deny  liability  as to theinsureds,  such  insurance  proceeds,   after  deducting  expenses  incurred  incollection,  shall be made  available  under the  conditions  and in the  mannerspecified in the following paragraph, for the repair,  restoration,  replacementor rebuilding  of  improvements  on the Mortgaged  Property to a condition of atleast equal value as existed  prior to such  damage or  destruction.  Otherwise,such net proceeds may be applied by Mortgagee, in its sole discretion,  upon andin  reduction  of the  Indebtedness  then most  remotely  to be paid in  inversechronological  order,  or to  the  cost  of  rebuilding  or  restoration  of theMortgaged  Property or personal  property.  However,  if Mortgagee shall requirethat the  Mortgaged  Property  be repaired  or rebuilt in  accordance  with thisAgreement, such net proceeds of insurance shall be made available therefor underthe conditions and in the manner set forth below. 

        Insurance  proceeds  made  available for  restoration,  repair,  replacement  orrebuilding of the improvements on the Mortgaged Property shall be disbursed fromtime to time  (provided no default  exists in the or in this Agreement or in anyof the Instruments or any Lease at the time of each  disbursement),  after firstdeducting the expenses of disbursement including, without limitation, reasonableattorneys’  fees,  costs of title  insurance,  escrows and  closings by thetitle company and fees and expenses of the disbursing party, upon the disbursingparty being  provided  with  satisfactory  evidence of the cost of completion ofsuch  work  and  of  the  diligent  and  timely  prosecution  thereof  and  witharchitect’s   certificates,   waivers   of  lien,   contractors’   andsubcontractors’  sworn  statements and other evidence of costs and paymentsso that the disbursing party can verify that the amounts  disbursed from time totime are  represented  by completed and in place work and that said work is freeand clear of all mechanics’ lien claims. No payment made prior to the finalcompletion of such restoration,  repair,  replacement or rebuilding shall exceedninety percent (90%) of the value of the work performed from time to time and atall times the undisbursed balance of such proceeds remaining in the hands of thedisbursing  party,  together with funds deposited for the purpose or irrevocablycommitted for such purpose,  shall be sufficient in the  reasonable  judgment ofMortgagee,  to pay for the cost of completion of all such  restoration,  repair,replacement or rebuilding.  Mortgagee may require that plans and  specificationsfor the  restoration,  repair,  replacement  or  rebuilding  be submitted to andapproved by Mortgagee  prior to the  commencement of the work. Any surplus whichmay remain out of said insurance proceeds after payment of costs of building andrestoration may, at the option of Mortgagee, be applied either on account of theIndebtedness  then most  remotely  to be paid in  inverse  chronological  order,without a prepayment fee, or be paid to any person or persons otherwise entitledthereto.  Application or release of proceeds  under the provisions  hereof shallnot cure or waive any default  hereunder or invalidate  any act done pursuant toany  notice of  default.  No  interest  shall be  allowed on account of any suchproceeds or other funds held in the hands of Mortgagee or the disbursing  party.

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        9.        Construction  Mortgage.  This Mortgage is a construction  mortgage and itsecures obligations  incurred to finance the construction of improvements on theProperty,  including  certain  costs  incurred in  planning,  architectural  andengineering  studies,  zoning and similar expenses.  It is understood and agreedthat funds to be advanced  evidenced by the Loan (West Lafayette) Note are to beused in the  construction of improvements on the Property in accordance with theLoan Agreement. 

        10.        Waiver of Jury Trial. MORTGAGOR AND MORTGAGEE, AFTER CONSULTING OR HAVINGHAD THE  OPPORTUNITY  TO  CONSULT  WITH  COUNSEL,  KNOWINGLY,  VOLUNTARILY,  ANDINTENTIONALLY  WAIVE ANY RIGHT EITHER OF THEM MAY HAVE TO A TRIAL BY JURY IN ANYLITIGATION  BASED  UPON OR ARISING  OUT OF THIS  MORTGAGE,  THE LOAN  AGREEMENT,INSTRUMENTS,  OR  ANY  OTHER  RELATED  INSTRUMENT  OR  AGREEMENT  OR  ANY OF THETRANSACTIONS  CONTEMPLATED  BY THE LOAN  AGREEMENT  OR ANY  COURSE  OF  CONDUCT,DEALING,  STATEMENTS,  WHETHER  ORAL OR  WRITTEN,  OR ACTIONS OF EITHER OF THEM.NEITHER  MORTGAGOR OR MORTGAGEE  SHALL SEEK TO  CONSOLIDATE,  BY COUNTERCLAIM OROTHERWISE,  ANY ACTION IN WHICH A JURY TRIAL  CANNOT BE OR HAS NOT BEEN  WAIVED.THESE  PROVISIONS  SHALL NOT BE DEEMED TO HAVE BEEN  MODIFIED  IN ANY RESPECT ORRELINQUISHED  BY EITHER  MORTGAGOR OR MORTGAGEE  EXCEPT BY A WRITTEN  INSTRUMENTEXECUTED BY BOTH OF THEM. 

        11.        Miscellaneous.  This Mortgage will inure to the benefit of and be bindingupon the  parties  hereto and their  respective  successors  and  assigns.  ThisMortgage  and  all  rights  and  obligations  hereunder,  including  matters  ofconstruction,  validity  and  performance,  will  be  governed  by  the  UniformCommercial  Code and other  applicable  laws of the State of  Indiana.  Wheneverpossible each provision of this Mortgage will be interpreted in such a manner asto be effective  and valid upon  applicable  law,  but if any  provision of thisMortgage will be prohibited by or invalid under  applicable  law, such provisionwill be ineffective only to the extent of such prohibition without  invalidatingthe remainder of such  provision or the remaining  provisions of this  Mortgage.

        IN WITNESS WHEREOF, the undersigned have set their hands and affixed their sealshereunto this 29th day of October, 2002. 
BAS EVANSVILLE, INC.By:  /s/ Peter T. KissingerPeter T. Kissinger, Ph.D.,President
– 7 –STATE OF INDIANA) )SS:COUNTY OF TIPPECANOE)
        Before  me,  the  undersigned  Notary  Public,   personally  appeared  Peter  T.Kissinger, Ph.D., as President of BAS Evansville,  Inc., an Indiana corporation,who on behalf of BAS Evansville, Inc. acknowledged the execution of theforegoing   instrument   and  swore  to  the  truth  of  the   statements   madetherein.
        Witness my hand and Notarial Seal this 29th day of October, 2002.
SEAL /s/ Amy J. HughesNotary Public SignatureAmy J. HughesPrinted NameMy Commission Expires:  December 2, 2008County of Residence:  Tippecanoe
This instrument was prepared  by:  Carolyn H. Andretti, of the firm ofStuart &  Branigin LLP, 8888 Keystone  Crossing,  Suite 1401,  Indianapolis,Indiana 46240.  Telephone:  (317) 574-7245;  Facsimile:  (317) 574-7050,  Email:cha@stuartlaw.com
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Legal DescriptionBAS Evansville, Inc. an Indiana Corp. (parcel A & B)BAS Evansville, Inc. an Indiana Corp. (parcel C)
**Parcel A**
Part of  Section  26,  Township 6 South,  Range 12 West of the Second  PrincipalMeridian,  lying in Marrs  Township,  Posey County,  Indiana,  containing  3.643acres, more or less, and more particularly described as follows: 

Commencing  at a  three-quarter  inch iron pin marking the center of Section 26,Township 6 South,  Range 12 West, thence West along the East-West  centerline ofsaid section  24.00 feet to the POINT OF BEGINNING OF THIS  DESCRIPTION:  thenceNorth 20.00 feet;  thence East 24.00 feet to the North-South  centerline of saidsection;  thence  North 00  degrees  04  minutes  42  seconds  West  along  saidNorth-South  centerline  430.00 feet;  thence East 264.83 feet;  thence South 00degrees 06 minutes 01 second  East  450.00  feet to a one-half  inch iron pin onsaid East-West  centerline;  thence West along said East-West  centerline 135.00feet;  thence  South 271.45 feet to a point in Middle Mt.  Vernon  Road,  thenceNorth 77 degrees 03 minutes 12 seconds  West along said road 133.39 feet to saidNorth-South centerline; thence North 62 degrees 40 minutes 00 seconds west alongsaid road  27.05  feet;  thence  North  229.14  feet to the point of  beginning.

**Parcel B**
Tract I:The East Half (E/2) of the East Half (E/2) of the  Northwest  Quarter  (NW/4) ofSection  Twenty-six  (26),  Township  Six (6)  South,  Range  Twelve  (12) West.
ALSO  Part  of  the  Northwest  Quarter  of the  Southwest  Quarter  of  SectionTwenty-six  (26),   Township  Six  (6)  South,  Range  Twelve  (12)  West,  moreparticularly described as follows, to wit:
Beginning at the  Northeast  corner of the Southwest  Quarter  (SW/4) of SectionTwenty-six  (26).  Township Six (6) South,  Range Twelve (12) West,  thence westalong  the half  section  line 26 rods to a  stake;  thence  in a  southeasterlydirection  to a stake on the East  line of the said  Southwest  Quarter  (SW/4),which is 15 rods south of said northeast  corner of the said Southwest  Quarter;thence north 15 rods to the place of beginning. 

EXCEPT A strip of land 24 feet wide off of the east side of the following tract;Beginning  at the  northeast  corner of the  Southwest  Quarter of  Section  26,Township 6 South, Range 12 West, from thence west along the half section line 26rods to a stake, from thence in a southeasterly direction to a stake on the eastline of the said  Southwest  Quarter  which is 15 rods  south of said  northeastcorner; thence north 15 rods to the place of beginning. 

ALSO EXCEPT  Beginning at the southeast corner of the East Half of the East Halfof the Northwest Quarter of Section 26, Township 6 South,  Range 12 West; thencewest 24 feet; thence North 20 feet; thence east 24 feet; thence south 20 feet tothe place of beginning. 

EXCEPTING  THEREFROM so much of subject property as was conveyed to T.P.S. Inc.,by Quitclaim  Deed dated  October 24, 1980 and recorded in Deed Record 131, Page449, in the Office of the Recorder of Posey County, Indiana.
Tract II:Part  of the  West  Half  (W/2)  of the  Northeast  Quarter  (NE/4)  of  SectionTwenty-six (26), Township Six (6) South, Range Twelve (12) West in Posey County,Indiana, more particularly described as follows:
Beginning  at a stone  marking  the  Southwest  corner of the said Half  QuarterSection and  measuring  thence  North along the West line  thereof One  ThousandThree Hundred  Twenty  (1,320) feet;  thence East and parallel to the South linethereof Two Hundred Sixty-five (265) feet; thence South and parallel to the Westline of said Half Quarter Section, One Thousand and Three Hundred Twenty (1,320)feet to a point on the South  line of said Half  Quarter  Section;  thence  Westalong the said  South  line Two  Hundred  Sixty-five  (265) feet to the place ofbeginning. 

ALSO a strip  of land 24 feet  wide off the East  side of the  following  tract;Beginning  at the  Northeast  corner of the  Southwest  Quarter of  Section  26,Township 6 South, Range 12 West, from thence west along the Half Section line 26rods to a stake, from thence in a southeasterly direction to a stake on the eastline of the said  Southwest  Quarter to a point 15 rods south of said  northeastcorner; thence north 15 rods to the place of beginning. 

ALSO Beginning at the southeast  corner of the East Half of the East Half of theNorthwest Quarter of Section 26, Township 6 South, Range 12 West, thence west 24feet;  thence  North 20 feet,  thence east 24 feet,  thence South 20 feet to theplace of beginning. 

EXCEPTING THEREFROM so much of subject property as was conveyed by James AnthonyBotta, Jr. to John Busey Botta, by Deed dated November 1, 1994 and recordedin  Deed  Record  185,  Page  720,  in the  office  of the  Recorder  aforesaid.

Tract III:Property as shown by survey by John H. Leffel dated April 19, 1994, inthe  Northeast  Quarter of Section  26,  Township 6 South,  Range 12 West of theSecond Principal Meridian,  lying in Marrs Township,  Posey County, Indiana, andmore particularly described as follows:
Commencing at a 3/4 inch iron pin marking the Southwest  Corner of the West Halfof the Northeast Quarter of Section 26, Township 6 South,  Range 12 West; thenceNorth 00°  04’  42”  West along the Western Boundary of said HalfQuarter Section 1319.79 feet to a 3⁄4  inch iron pipe;  thence North 89°26’  56”  East 264.50 feet to a 3⁄4  inch pipe marking the POINT OFBEGINNING;  thence  continuing  along said  Northern  boundary  199.04 feet to a3⁄4 inch iron pipe; thence South 00°  06’ 01” East 895.48 feetto a 5/8 inch Rebar; thence South 89° 29’ 56” West 199.04 feet toa 5/8 inch Rebar, thence North 00°  06’  01”  West 895.48 feet tothe POINT OF BEGINNING. 

ALL OF THE FOREGOING TRACTS I, II and III also being the same as the following:Part of  Section  26,  Township 6 South,  Range 12 West of the Second  PrincipalMeridian,  lying in Marrs  Township,  Posey  County,  Indiana,  and  being  moreparticularly described as follows: 
Beginning  at a  three-quarter  inch iron pin  marking the center of Section 26,Township 6 South,  Range 12 West;  thence South 00 degrees 00 minutes 00 secondsWest along the North/South  Centerline of said section 241.56 feet to the centerof Middle Mt.  Vernon  Road;  thence North 62 degrees 40 minutes 00 seconds Westalong the center of said road 342.11 feet; thence North 52 degrees 32 minutes 00seconds  West along the center of said road 21.00 feet;  thence north 53 degrees24 minutes 30 seconds  West along the center of said road  120.44  feet;  thenceNorth 66 degrees 52 minutes 00 seconds  West along the center of said road 75.00feet;  thence  North 80 degrees  07 minutes 30 seconds  West along the center ofsaid road 81.51 feet;  thence  North 82 degrees 57 minutes 30 seconds West alongthe center of said road 103.80 feet to the Western  Boundary of the East Half ofthe East Half of the Northwest Quarter of said section;  thence North 00 degrees00 minutes 00 seconds  East along  said  Western  Boundary  2625.17  feet to theNorthwest corner of said half half quarter  section;  thence North 90 degrees 00minutes 00 seconds East along the Northern  Boundary of said section 668.77 feetto the  Northeast  corner of said  quarter  section;  thence South 00 degrees 04minutes  33  seconds  West  along  said  section  centerline  1361.44  feet to athree-quarter inch iron pipe; thence North 89 degrees 29 minutes 56 seconds East463.54 feet; thence South 00 degrees 06 minutes 01 seconds East 895.48 feet to afive-eighths  inch  rebar;  thence  South 89 degrees 29 minutes 56 seconds  West199.04 feet to a five-eighths inch rebar;  thence North 00 degrees 06 minutes 01second  West 23.38  feet;  thence  South 90  degrees 00 minutes 00 seconds  West264.83 feet to said  section  centerline;  thence South 00 degrees 04 minutes 42seconds  East  along  said  section  centerline  450.00  feet  to the  point  ofbeginning, containing 51.537 acres, more of less. 

EXCEPT  part of the  Northwest  quarter  and part of the  Southwest  Quarter  inSection 26, Township 6 South, Range 12 West, described as follows: 

Beginning  at the  Southeast  corner of the  Northwest  quarter of  Section  26,Township 6 South,  Range 12 West,  thence West along the  half-section  line 200feet to a point;  thence North 500 feet to a point;  thence East 200 feet to thehalf-section line separating the Northwest quarter from the Northeast quarter ofsaid Section 26; thence South along said half-section line 500 feet to the pointof beginning, containing 2.296 acres, more or less. 

ALSO EXCEPT a strip of land 200 feet wide off of the East side of the  followingtract: 

Beginning  at the  Northeast  corner of the  Southwest  Quarter of  Section  26,Township 6 South, Range 12 West; from thence West along the half-section line 26rods to a stake; from thence in a Southeasterly direction to a stake on the Eastline of the said  Southwest  Quarter  which is 15 rods to a point of  beginning,containing in said strip of land 0.872 acre, more or less. 

**Parcel C**
Part of the  Northwest  Quarter  and part of the  Southwest  Quarter  in SectionTwenty-six (26),  Township Six (6) South,  Range twelve (12) West,  described asfollows: 

Beginning  at the  Southeast  corner of the  Northwest  Quarter  (NW  1⁄4) ofSection Twenty-six (26),  Township Six (6) South, Range Twelve (12) West, thenceWest along the Half-Section line 200 feet to a point, thence North 500 feet to apoint,  thence East 200 feet to the  Half-Section  line separating the NorthwestQuarter  (NW 1⁄4)  from the  Northeast  Quarter  (NE 1⁄4) of said  SectionTwenty-six (26), thence South along said Half-Section line 500 feet to the pointof beginning. 

ALSO, a strip of land 200 feet wide off of the East side of the following tract:
Beginning  at the  Northeast  corner of the  Southwest  Quarter  (SW  1⁄4) ofSection  Twenty-six (26),  Township Six (6) South,  Range Twelve (12) West, fromthence West along the  Half-Section  line Twenty-six (26) rods to a stake,  fromthence  in a  Southeasterly  direction  to a stake on the East  line of the saidSouthwest Quarter which is 15 rods to a point of beginning. 

EXCEPT a strip of land 24 feet wide off of the East side of the following tract:
Beginning  at the  Northeast  corner of the  Southwest  Quarter of  Section  26,Township Six (6) South,  Range 12 West, from thence West along the  Half-Sectionline 26 rods to a stake, from thence in a Southeasterly  direction to a stake onthe East  line of the said  Southwest  Quarter  which is 15 rods to the place ofbeginning, containing One and One-Fifth Acres, more or less. 

ALSO EXCEPT, beginning at the Southeast corner of the East Half of the East Halfof the Northwest Quarter of Section 26, Township 6 South,  Range 12 West; thenceWest 24  feet;  thence  North  20 feet;  thence  South  20 feet to the  place ofbeginning.