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EXHIBIT 2 <br /> EXHIBIT D <br /> RECORDING REQUESTED BY, ) <br /> AND WHEN RECORDED MAIL TO: ) <br /> City of Santa Ana ) <br /> 20 Civic Center Plaza(M-37) ) <br /> Santa Ana, California 92702 ) <br /> Attn: Housing Manager ) <br /> This document is exempt from payment of a recording fee <br /> pursuant to Government Code Sections 27383 and 6103. <br /> AFFORDABLE HOUSING RESALE RESTRICTION <br /> (Conditions, Covenants, and Restrictions Affecting Real Property and the Resale, <br /> Ownership, Occupancy,Maintenance, and Other Matters Related to Real Property) <br /> This AFFORDABLE HOUSING RESALE RESTRICTION ("Restriction") is made <br /> as of ,by ("Homebuyer") in favor of the CITY OF SANTA <br /> ANA, a charter city and municipal corporation ("City"). <br /> RECITALS <br /> A. Homebuyer has purchased a single family house located at , <br /> Santa Ana, California 9270, as such real property is more particularly described in "Exhibit A" <br /> attached hereto and incorporated herein ("Property"). <br /> B. Homebuyer and City have entered into that certain Homebuyer Loan Agreement <br /> ("Loan Agreement") dated of even date herewith, which is incorporated herein by reference and <br /> a copy of which is on file with City at its offices and is a public record, pursuant to which City <br /> has agreed for the Property to be sold to Homebuyer at an Affordable Sales Price by providing <br /> certain financial assistance for the Project, which benefits the Homebuyer ("Homebuyer Loan") <br /> and Homebuyer has agreed to subject the Property to certain conditions, covenants and <br /> restrictions. Capitalized terms used herein and not otherwise defined shall have the same <br /> meaning as set forth in the Loan Agreement. <br /> C. Homebuyer and City desire and intend to restrict the Property and the <br /> improvements thereon in accordance with this Restriction to preserve its value for the benefit of <br /> Homebuyer, its successors and the surrounding neighborhood. Homebuyer agrees and <br /> acknowledges that these Restrictions are intended to implement and further the intent of the <br /> Regulatory Agreement Imposing Affordable Housing Covenants and Restrictions (Density <br /> Bonus) (hereafter, the "Regulatory Agreement"), entered into between City and Developer of the <br /> Property, which was recorded against the Affordable Unit to impose the conditions, covenants, <br /> and restrictions as set forth herein. These Restrictions shall be construed in accordance with the <br /> Regulatory Agreement and, in the event of a conflict, the provisions of the Regulatory <br /> Agreement shall control. <br /> 1 <br /> EXHIBIT B <br /> City Council 12 — 85 7/16/2024 <br />