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SANTA ANA 8 INV. LLC
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Last modified
6/18/2025 4:12:50 PM
Creation date
6/10/2025 9:47:27 AM
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Contracts
Company Name
SANTA ANA 8 INV. LLC
Contract #
A-2025-066
Agency
Community Development
Council Approval Date
5/6/2025
Expiration Date
5/6/2080
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9.4 No Nuisance. Homebuyer shall not maintain, cause to be maintained, or allow <br /> to be maintained on or about the Property any public or private nuisance, including without <br /> limitation, the conduct of criminal activities set forth in the nuisance abatement provisions of the <br /> Uniform Controlled Substances Act (Health & Safety Code Sections 11570, et seq.) or the Street <br /> Terrorism Enforcement and Prevention Act(Penal Code Sections 186.22 et seq.),or any successor <br /> statute or law. <br /> 10. OCCUPANCY STANDARDS. <br /> The Property shall be used as the principal personal residence of Homebuyer and Homebuyer's <br /> immediate family/household and for no other purpose. Homebuyer shall not enter into an <br /> agreement for the rental or lease of all or any part of the Property. Homebuyer shall not rent out a <br /> room or rooms at the Property. Homebuyer may request a temporary waiver of the foregoing <br /> requirement in the event of extreme hardship requiring Homebuyer to move to another <br /> geographical area or to less expensive housing, including, for example and without limitation, <br /> transfer of job location, loss of job, or unexpected major expenses. City may approve or <br /> disapprove such request in its sole discretion, and may require as a condition of approval that <br /> Homebuyer only rent the Property to Eligible Households at an affordable rent (as defined in <br /> Section 50052.5 and 50053 of the California Health & Safety Code.) Subject to applicable state <br /> or federal law, the standard occupancy for the Property shall be consistent with the Regulatory <br /> Agreement. Homebuyer shall, upon demand by City, submit to City an affidavit of occupancy <br /> verifying Homebuyer's compliance with this Section 10. Such affidavit may be required by City <br /> on an annual basis. <br /> 11. EFFECT OF VIOLATION OF THE TERMS AND PROVISIONS OF THIS <br /> AGREEMENT. <br /> 11.1 In General. The covenants established in this Agreement shall, without regard <br /> to technical classification and designation, be binding for the benefit and in favor of City, its <br /> successors and assigns, as to those covenants which are for its benefit. The covenants contained <br /> in this Agreement shall remain in effect for the periods of time specified herein. The covenants <br /> against discrimination shall remain in effect in perpetuity. City is deemed the beneficiary of the <br /> terms and provisions of this Agreement and of the covenants running with the land, for and in its <br /> own rights and for the purposes of protecting the interests of the community and other parties, <br /> public or private, in whose favor and for whose benefit this Agreement and the covenants rumling <br /> with the land have been provided. This Agreement and the covenants herein shall run in favor of <br /> City,without regard to whether City has been,remains or is an owner of any land or interest therein <br /> in the Property or in the Project Area. City shall have the right, if the Restriction or covenants are <br /> breached,to exercise all rights and remedies,and to maintain any actions or suits at law or in equity <br /> or other proper proceedings to enforce the curing of such breaches to which it or any other <br /> beneficiaries of this Agreement and covenants may be entitled. <br /> 11.2 Acceleration. The City shall be entitled to accelerate payments due under the <br /> City Promissory Note, and the amount required thereunder shall become due and immediately <br /> payable to City by Homebuyer upon the occurrence of any one of the following events of <br /> acceleration: <br /> Page 38 <br /> Exhibit B <br /> 55394,00101\43721567.1 <br />
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