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City means the City of Santa Ana, California. <br />City Deed of Trust means a deed of trust, that secures the Owner's obligation to <br />comply with the obligations imposed by the Inclusicnary Housing Covenant <br />Declaration, <br />City's Purchase Option means the irrevocable option that the Owner must offer <br />to the City under the circumstances defined in Article 3 — Section II of the <br />Inclusionary Housing Covenants Declaration. <br />Eligible Purchaser shall mean d Homebuyer who meets the eligibility criteria set <br />forth in the Administrative: Procedures. <br />Exempt Transfer means the following. <br />A transfer resulting from the death of the Owner; <br />A transfer by the Owner where the spouse or domestic partner becomes a <br />co -owner of the Inclusionary Unit; <br />A transfer of title to a, spouse or domestic partner as part of divorce or <br />dissolution proceedings; and <br />A transfer by the Owner into a trust in which the Owner or Owners are <br />beneficiaries, provided that the Owner or Owners continue to maintain the <br />Inclusdnary Unitas their Primary Residence., <br />4, A transfer by the Owner of a non-possessory Interest In the Property, such <br />as an easement or license for utilities or rather like purposes, the granting <br />of ingress or egress rights over or across the Property or a portion thereof; <br />or a modification to the non- exclusive common area rights of any Owner <br />located in a common interest subdivision development, <br />5. A condemnation, or conveyance in lieu of condemnation, that dogs not <br />preclude the Owner's continued use and occupancy of the Inclusionary <br />Unit, such as a street widening or other incidental taking that does not <br />preclude continued occupancy of the Inclusionary Unit, or a taking of an <br />interest in a portion of the common area appurtenant to any incluslonary <br />Unit located in a common interest development.. <br />Extraordinary Sale means a sale of the Inclusionary Unit to a buyer who is not <br />an Eligible Purchaser, when an Pligible'Purchaser has not been secured within <br />In Iusionary Houmng Cotenants r]mWa�kn ��. RaGo 6 <br />Assumption Agreement Jsnunry 2U n 5 <br />25G -93 <br />