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by selling ar atlrer~vise canveying the Property to a Moderate ~rrcome Ho~zseho~d <br /> at ate Affordable Horzsrr~g host rn strict conformity Program requrrernents, This <br /> r~ray restrrct the persons to ~vhon~ eve may sell the Praper;t~, at~d r~a~ ~+e~r~lt a <br /> sales price ~vhrch rs less tlra~r the fal~• na~'1~et value of the Property. <br /> • For ~ forty-five ~45~ year period, the ~'roperty nay at~ly be transferred to <br /> N~aderate Ir7con~e Ho~~sehold at ate Affard~ble Ho~rsirrg Cost and the ~'~+operty <br /> must be and remain owner-occupied, Ire rr~ylour sole discretion, Il~ve may elect to <br /> ca~~se ate acceleration under the Note by tr~a~r~fer;r~in. t~~e ~'~~ope~~ty at a pi'ICe i~r <br /> excess of an Affordable Ho~~sing host in consideration for paying the Agency the <br /> ar~tingent ~~u~ty Particrpatran Ar~~ount, <br /> • After tl~e forty-five ~~5~ year term of the Hon~ebrryer Assistance Loan, Il~ve may <br /> sell tl~e Property to any person regardless of t~aeir incot~~e at tl~e Pr'operty's fair <br /> n~arket value, <br /> • ~~'~le Dave a right to cat~eel or ~'escir~d this loan at a~~y time prio~~ to tr~idniht on the <br /> third business day after the ~o~~ Agt~eerne~~t is signed by sending a notice of <br /> n~y~o~~r decision to ~~escind or cancel Horrreb~~yer~ Assistance Loan ta: <br /> o~ntr~~~r~ity ~edevelaprnent Agency <br /> of the pity of Santa Ana <br /> ~a ~rvrC tenter Playa <br /> Santa Ana, California 9?a 1 <br /> Attentiot~~ Agency Executive director <br /> • ~zring the terra of Hornebuyer Assistance Loan, ~l~ve intend to continuously <br /> occ~~py tl~e Prope~~ty and I~~ve shall riot rent or lease the Property. <br /> ~ ~I~~e may be responsible for paying a~~ appraisal fee in connection with rny~our <br /> sale transfer', oz~ re~~~ance of tl~e Prraperty, or if tl~e Note becomes due atYd <br /> payable because I~4ve atnla~~e in default of any provisions of the Loan Agr;eerne~~t~ <br /> ~ Agency shall not be heid responsible for any costs associated with tl~e Dome ~~~ve <br /> purchase ~vrtli such assistance rncludit~g, but not limited to, any loan fees or <br /> charges, airy charges far appraisals, or' at~y escrow costs or' other costs relating to <br /> the transfer' of the Property, <br /> • Agency cannot ensure that irrforrnatiorr provided by or on mylaur behalf ~~Till be <br /> Dept cord <br /> idential, <br /> Agency shall rrot be respol~ible far the selection of a borne, the selection of a <br /> leader providing funds assisting in the purchase of the borne, providing <br /> infor•rnation carrcetrrirr other p~~blic or' pr;ivate sources of loa~~s, or the <br /> competitiveness of the terms of rile Program. ~~~ve assume all ~+eponsrbilrty for <br /> deter't~rrning whether Il4~e ~~ill infor•n~ myself~our+selves as to the availability and <br /> terms of other public or private loans. <br /> EHIB~T D-~ TO ATTA~.I~ENT N~,11 <br /> To Affordable Homebuyer~ Loan Agreement <br /> Pr~or+am ~isclasure tternent <br /> <br /> ~0 ~DC11 ~~~G73 ~t 1312D~~72-DDD ~ <br /> <br />