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EXHIBIT E: CC&R Agreement <br />(Declaration of Conditions, Covenants, Restrictions And Easements) <br />RECORDING REQUESTED BY ) <br />AND WHEN RECORDED MAIL TO: } <br />Cornerstone Village Owners' Association } <br />CIO Community Redevelopment Agency ) <br />of the City of Santa Ana ) <br />20 Civic Center Plaza ) <br />Santa Ana, California 92701 ) <br />Attn: Agency Secretary ) <br />This document exempt from recording fee per <br />Government Code § 27383. <br />DECLARATION OF CONDITIONS, COVENANTS, <br />RESTRICTIONS AND EASEMENTS <br />This DECLARATION OF CONDITIONS, COVENANTS, RESTRICTIONS AND <br />EASEMENTS (the "Declaration") is hereby made by the owners (the "Owners") of the parcels <br />of real property located in the City of Santa Ana, County of Orange, State of California, which <br />are legally described in Exhibit "A" attached hereto and incorporated herein (the "Parcels"). <br />RECITALS <br />A. . Each of the Parcels is currently improved with one or more multifamily apartment <br />building(s) and appurtenant parking facilities. The Parcels are located within an area of Santa <br />Ana, California which is bounded by McFadden Avenue to the south, the property line between <br />parking lots to the west, Grant Street to the north, and the railroad property line to the east. <br />B. Owners intend to establish by this Declaration a plan for the individual ownership <br />of the real property consisting of the area contained in each of the Parcels, and the operation of <br />certain portions of the Parcels (the "Common Improvement Areas") by the mutual benefit <br />nonprofit corporation Owner's association (the "Association") which is created pursuant to this <br />Declaration. <br />NOW, THEREFORE, Owners hereby declare that all of the real property described <br />above and all improvements thereon and such additions as may hereafter be made subject to this <br />Declaration shall be held, transferred, sold., conveyed, hypothecated, mortgaged, encumbered, <br />leased, rented, used, occupied, maintained, altered and improved subject to the following <br />protective limitations, restrictions, covenants, conditions, reservations, liens and charges and <br />EXHIBIT E: Page I of 24 <br />