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EXHIBIT 2 <br />l income were in excess of 120% of <br />the area median income for the City, adjusted for family size, as of the date of this <br />Agreement. As of April 1, 2021June 9,2017120% of the area median income for the <br />City of Santa Ana, adjusted for family size (subjectto change approximately annually) <br />was as follows: <br />Family SizeIncome <br />1$89,65073,900 <br />2$102,45084,500 <br />3$115,25095,050 <br />4$128,05005,600 <br />5$138,30014,050 <br />6$1248,5502,500 <br />7$158,80030,950 <br />8$169,05039,400 <br />First-Time Homebuyer. Borrower represents and warrants to the City that <br />7.-Time Homebuyer <br />as defined by this Agreement. Borrower acknowledges that the City is relying on <br />s a <br />First-Time Homebuyer and that the City would not enter into this Agreement if Borrower <br />-Time Homebuyer. <br />8.Owner-Occupancy Requirement. <br />.Borrower shall occupy the Property as his, her or their primary <br />a.residence, and the Property shall be used as the principal residence of <br />of the Property shall not exceed two persons per bedroom plus one additional person. <br />.The City shall have the right to monitor whether the Property is <br />b.owner-occupied by requesting that Borrower provide the City, no <br />more frequently than annually, with a written certification under penalty of perjury that <br />the Property is owner-occupied, accompanied by supporting documentation reasonably <br />satisfactory to the City. <br />.In the event of a breach of this section, the City Loan shall become <br />c.immediately due and payable. <br />.The provisions of this section shall also be set forth in the Agreement <br />d.Containing Covenants recorded against the Property. <br />6 <br /> <br />