Laserfiche WebLink
Term of the Inclusionary Housing Covenants Declaration <br />This Inclusenary Housing' Covenants Declaration shall become effective <br />upon its execution and delivery, <br />2, This Inclusionary Housing Covenants Declaration shall terminate as to the <br />Inclusionary Unit at the earliest of,. <br />a. as provided under the terms and conditions of any subordination <br />agreement between a Senior Lender and the City; or <br />b. upon the close of escrow for an Extraordinary Sale; or <br />G. at the end of the Affordability Period, <br />S. Upon termination of the Affordability Period, on request of the then record <br />Owner of the Property, the City shall execute, acknowledge and record a <br />termination of the Inclusionary Housing Covenants Declaration and the <br />City Deed of Trust. To the extent permitted by law, any unfulfilled <br />obligations of any Owner shall survive the termination of the Inclusionary <br />Housing Covenants Declaration, but it shall no longer affect title to the <br />Property, <br />11, Maintenance and Use <br />The owner shall maintain the Interior and 0XG1USIVe use areas of the <br />Inclusionary Unit in a clean, well maintained condition consistent with the <br />neighborhood, as set forth in the Project CC&Rs, <br />The InGlusionary Unit shall be used and occupied by the Owner solely for <br />residential purposes, and in addition to the residential purpose may also <br />be used for any accessory uses that comply with the provisions of the <br />Santa Ana Municipal Code, as it may be amended from time to time. <br />No Owner shall grant use of, rent or lease all or any part of the <br />Incluslonary Unit, but shall occupy the Inclusionary Unitas its Primary <br />Residence. <br />snorts Pagel -27 <br />City of Santa Ana January. 2016 <br />32A-99 <br />