Laserfiche WebLink
A~`TAI~~T N0, ~ T~ A~~~RI~A~I~E ~~TJIN RIi~AI,~ RI~a~'RI~TION <br /> I~I1~RI~~~~~` A~~IE~~' <br /> This IBUIt~~~~N~` A~E~~`, dated as of ~ : ~ ~ : ~ <br /> ~i4~.eit~~bu~~sen~erit Agreet~etrt"}, is hereby entered i~rta by at~d bet~~een the ~NI~U~IT~ <br /> R~DEI~~PMI~~~T A~~~ 0~' TAE I~~ ABTA a pubic body corpat~ate <br /> at~d olrtic A enc ,and : ~ : ~ ~ ~ : ~ . ~ ~ : ~ : ~ Horrtebu er <br /> RECITALS <br /> A, Hotneblryer" is purchasing carrdor~ini~tn~ located at ~ ~ ~ ~ ` ~ ~ Santa <br /> Ana, alrforrl~a {`iPtiapet•t~~"~, <br /> B. Age~rcy at~d Hamebuyer" ~ra~e e~eerrted air Affotdahle Housirrg Regale estr~ctio~r <br /> ">~estt`i~tion"~ ~~~~]ICII requlrc~ that for a for"~~-fide X45}year period tl~e Pt'operty be Bald o~rly to ~ <br /> Maclerate ~t~cotr~e Household at ate Affordable Hox~it~ fast, ~~lricl~ tray result lei purchase <br /> pt~ices ~vlricli are sttbtantially less tl~at~ the current fair" rrrarket ~all~e of the Pr"ope~~ty~ <br /> ~ la~.~.~b~~~~+~~ ab4C~in~~ L~ ~aC~~ ~iiLaG~n7f i4P l~i~t ~l~i~~'~ ~~"a~n p~~l~C~l~i ~~+nd~~~ <br /> ~"Le~rdetk"~ for a par"tiatr of the casts of acq~tiition of tl~e draper"ty, A description of the Loan i <br /> set for~lr i~~ ~~l~ibit "A" hereto, ~~hicl~ is i~rcorpor~ated llereit~. <br /> D, p~trsctant to the Restriction, Agetlcy leas the t"iglu to acquire the ~'t~operty in the <br /> event that it becan~es sr~bject to a foreclosure roceedi~rg, at~d leas the right to ruake ~ayt~e~~ts to <br /> care a defar~lt ar de~i~rquency an the Haan, <br /> ~'he r"~gl~t to make payrrre~rts to cute ~ default ar delit~q~tency on the Loan mill be <br /> of benefit to Agency by alla~~in Agency to present the fat~eclosure of the Prapet"ty, ~~hic~r u~ill <br /> pre~errt the early tertnit~atiotr of the lestr~ctian" <br /> F~ Age~rcy's r"iglu to n~ake payrr~etrt~ to cure default or" delit~grrer~cy arr the ~aat~ ~ <br /> also of benefit to Hanreb~tyer, ley allo~~ing Horncbuyer to retain a4~~rer;~l~ip of tl~e proper"ty acid to <br /> avoid fareclosurc, <br /> Agerrcy desires to obtain the ar~thar~ity to rnake paytrrents to care a default or <br /> delit~cuency air the Loan, on tl~e ca~iditror~ t~~at Harrrebuyer" agrees to reit~burse Agency for any <br /> pa~~nerrts trade to cure a default or delinq~~errcy on the ~,oat~. In order to indr~ee Agency to <br /> abtairr the aut~~ot~ity to n~alce payme~rts to cr~re a default ot~ delinquency orr tl~e Moan, Horrreb~~yer <br /> is willing to agree to reitnburse Agency fo~~ any payr~rents rnade to cure a ~oatr default ar <br /> delinc~~tency. Har~~eb~~yer; ~tndex~stat~ds and ackn.a~~rledges that Agency world not make pylnet~# <br /> to cure aLoarr default ar delinquency but for Hot~eb~~yer's agr"eemet~t to t~~ako srrch <br /> t~eitr~bursements to Agency, as pr~avided lretein~ <br /> ATTACH~~T ~ ~ ~ ATTAHNiENT NO ¦ t ~ <br /> To Affordable ~ousit~ Resale Rests"fiction <br /> ~eit~nburser~rent Agreement <br /> <br /> DO~sOClr4~~b73~~131~~~~~2-~~~1 <br /> s <br /> <br />