80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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~ome~€~yer llas represented to Agency that ~otl~ebuyer and ~amebuyer's household iriterrd to reside itl the Property as ~omebtrye~"'~ principal residence at all tir~les during Harrrebuyer4's a~~~ne~"ship of the Property. New} `TH~I'pRE, for good aril valuable consideration, the patties ag~'ee as follows; ~efirri~~ulrs "A, ,~o~~r~~r~i~i~,~~ Per~ior~" Inea~~s that period of time eo~linel~cin ~rpar~ tl1e Date of this Restr'rctrarr and ter'nli~latillg on the forty-fish ~45th~ aririr~ersary of such date. fo~~dc~bl~ I~~t~sr"~~ o~F~" means flee pur"chase pr4ice far' ader'ate ~r~carne Hat~sel~old~ pursuant to aiiforr~la Health Safety bode ec~rorr OOS2,S, the itnplernentirrg regulations of Sections ~9Z~, h9~~ and h90 of ~`itle ~5 of the aliforrlia bode of Regulations far Moderate incaxl~e Households Notwithstanding the pr'o~risions of this Restrrctl~~l, if the Property is sold dui"i~lg the Affardabrllty Period ~y Horrrebuyer to a ode~'ate Incarne ~-~ouseho~d, and the dales price does nod exceed air "Affo~'dable Housing host" to such Buyer, there so long as the faker is not err default ~eithe~' ~wrrerslrip Defat~it ar Maintenance Defat~it} of the Agr'eernerrt, this Note tllay be assumed by tl~e eligible Btryer' toy air assignment arrd assurnptiorl age+ee~ne~~t that is reasonably acceptable to Age~lcy" [upon the effectr~re date of such assrgnrnent and assr~tnptian, the asi~~ing Honlebr~yeri shall no longer be liable far' ar~y fi~r•tlrer obligations under the Loax~ A.greeme~lt or this Restt4ictiarl that accrue a~e~i t}le date of such assigr~ment a~ld assurrrptiorr. order" to verify the Buyer's status as a Moderate ~ncor~le Hausel~old, Horr7ebuyer4 shall subrllit to the Agency the identity of tl~e proposed Buyer and adequate irlfornlatian e~idelrcing the irlCOrne and hotisehoid size of the proposed ~tryer. hard rrrcorne rnfor"rnattarl shall be strbrnitted together wr~h the notice of proposed sale p~rrsuarrt to Section ~ of the Load Agreerllerlt riot less tlrarl tlirr•ty ~D~ days pr"lar to opening of escrow for' tl~e proposed sale and shall include ar4iinal ar true copies of pay stubs, income tax records or other' finrrcial documents in order' that tlro Agency nlay determrrie and ~e1"~fy the llausehoid lnca~rre of the proposed B~ryer' to deter•rnlne ~~llether the Bta~ler' rs a Moderate ~rleanre ~-Iouselro~d, and whether the Property is being transfer'r'ed to sircl~ Bayer at an Affordable Housing fast, rf the Agency is unable to ver"ify the Brryer''s incorrle as prodded herein prior+ to the pr+opased sale, then the Buyer''s lllcorne shall be deemed to exceed tixe nlaxirrrurn alla~~rable ~rrCOrlle limit far' Bligible Per'ans and Parnrlre~ means the rty of Sarlta Ana, allfarnra, allforn~a rnur]1Clpal CQI'par'atlaZl,ond the pity's sttccesso~'s arld assigns, "C'~u~~~,~" mear~s the ~arrnty of Orange, alifornia~ of ~~~is ~esf~~i~fr'o~r" rrreans the date err the first para~~aph afthis Restriction, fc~~~~~"means the failure of a party to pet~form any action or covetla~nt required b~~ this Restrrctrarl wrtllrrr the trine per"iods pt"aided herein f alla~~in notice and oppar~t~nity to care, Tlie ter;rn default also includes atr ~~~ne~+ship Default end a Iaixltenarlce Default as snore firlly defined grid descr4ibed herein, ~ot~~~ithstanding the far{egoirl far purposes ofacceleratran of the Home~brxyer"Assistance Lawn, or• initiation of far'eclosure proceedings there shall be a distirlctian E~PIIBIT` D-2 'p~ A~'TAIENT ND~ 11 Affar'dable PIousit~g Resale Restriction D~C~~~l~ ~~~73c'13~24~~7~-OUO ~