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75C - PH - FIRST AND PACIFIC PROJECT
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75C - PH - FIRST AND PACIFIC PROJECT
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Last modified
4/28/2016 3:59:29 PM
Creation date
4/28/2016 3:52:09 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75C
Date
5/3/2016
Destruction Year
2021
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�1�`Y• l Via: �. f�tr "..M '.li '_ r. <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: City Clerk <br />-- - - - -- <br />Tu he recorded as *thaut fna- (Space AUO�eS This Line For Racnrdar sUse Only) <br />(Government Code, %6163 and 27383) <br />DEED OF TRUST AND SECURITY AGREEMENT <br />There are restrictions on the sate of the Property encumbered by this <br />City peed of Trust, as contained in that certain Inclusionary Housing <br />Covenants, Resale Restrictions and City's Caption to Purchase <br />Agreement ( "Inclusionary Housing Covenants Declaration "). Except for <br />a Transfer to the City of Santa Ana ( "City ") or City's assignee following <br />the City's exercise of the City' Purchase Caption, 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 limits the Trustor's rights to <br />refinance Senior Loans, <br />THIS GEED OF TRUST AND SECURITY AGREEMENT ( "City deed of Trust ") is <br />made this ____,dayof 20__, among jinsertrra eof 1-1 <br />Trustor ( "Trustor "), whose address is i }need address of Truster), tfnsert <br />name of tine comxaanv7 ( "Trustee "), whose address is [insert address of title <br />company 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 />Truster irrevocably grants, conveys, transfers and assigns to Trustee in trust, with <br />power of sale and right of entry and possession, all of Trustor's right, title and <br />interest now awned or hereafter acquired In and to the real properly in the City of <br />Inchisionary Housing Cavanrinfs G7eclara9ri7n - page 1 <br />Pssumption Agreement August 11, 2014 <br />75C -167 <br />
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