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EXHIBIT 2 <br />FREE RECORDING REQUESTED PURSUANT <br />TO GOVERNMENT CODE SECTION 6103 & 27383 <br />When Recorded Mail to: <br />City of Santa Ana <br />20 Civic Center Plaza, M-26 <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: Housing Manager <br />HOMEBUYER DOWNPAYMENT <br />ASSISTANCELOANAGREEMENT <br />THIS LOAN AGREEMENT <br />202118 <br />the City of Santa Ana, a charter city and municipal corporation duly organized and <br />existing underthe Constitution and laws of the State of California <br />R E C I T A L S <br />A.City is a recipient of Inclusionary Housingfunds from the Housing <br />Opportunity Ordinancepursuant to Sec. 41-1900. <br />B.Borrower has entered into an agreemp <br />purchase residential property, located at _______________________________________, <br />Santa Ana, California, as more particularly described in the legal description, Exhibit A <br />Agreement, the price to be paid for the Property is $____________________ (the <br />C.The City wishes to encourage a greater degree of owner-occupancy of <br />residences in the neighborhoods of the Cityof Santa Ana. In order to promote this goal, <br />the City has established its Homebuyer DownPayment <br />Assistance <br />in the form of a trust deed loan in the maximumamount of $12080,000.00 <br />residence within the City. <br />D.The Program is implemented in accordance with the Housing Opportunity <br />Ordinance, and will be modified whenever necessary to insure compliance with <br />regulations and continued Program feasibility. <br />1 <br /> <br />