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25G - AGMT - INCLUSIONARY HOUSING AGMT
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04/07/2015
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25G - AGMT - INCLUSIONARY HOUSING AGMT
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Last modified
4/2/2015 4:28:32 PM
Creation date
4/2/2015 3:22:49 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25G
Date
4/7/2015
Destruction Year
2020
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City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 02701 <br />Attention: City Cleric <br />To be retarded Wthrout. fog. - (Spae9 Above This Line For Recorders Usa 4n1y) <br />(Gowommant Code, % 6103 and 27383) <br />APN: fto be ins <br />There are restrictions on the sale of the Property encumbered by this <br />City Deed of Trust, as contained in that certain Inclusionary dousing <br />Covenants, Resale Restrictions and City's Option to Purchase <br />Agreement ( "Inciusionary Housing Covenants Declaration"). except for <br />a Transfer to the City at Santa Ana ( "City ") or City's assignee following <br />the City's exercise of the City' Purchase Option, this Property may only <br />be sold to an Eligible Purchaser at a price not to exceed the defined <br />Affordable Sales Price. The Inclusionary Housing Covenants <br />Declaration also restricts the extent to which this Property may be <br />encumbered by junior financing and lianits the Truster's rights to <br />refinance Senior Loans. <br />THIS DEED OF TRUST AND SECURITY AGREEMENT ("City Deed of Trust ") is <br />made this day of , 20- -, among flnsert mama crf <br />Trustor ( "Trustor") whose address is finsewi address of TrustorT fltasert <br />name of title corrrnanyl ( "Trustee "), whose address Is flnserf address of title <br />cgMpanyl, and the City of Santa Ana (referred to variously as "City" or <br />"Beneficiary "), Whose address is 20 Civic Center Plaza, California 92701 as <br />Beneficiary, <br />Trustor irrevocably grants, conveys, transfers and assigns to Trustee in trust, with <br />power of sale and right of entry and possession, all of Truster's right, title and <br />interest now awned or hereafter acquired in and to the real property in the City of <br />Ineluelnnary Hot CweCovenants Declaration '-' Page 1 <br />Assumption Ayrnwnont - Jannvaey 2015 <br />25G -89 <br />
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