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EXHIBIT 2 <br />"thereafter to maintain, operate and professionally manage the Property as decent, ., <br />safe, sanitary and affordable permanent housing." <br />3. Section 1.1, Defined Terms, the first sentence of the definition of "Property" shall be <br />amended in pertinent part to read as follows: <br />"fhe Property is located in the City of Santa Ana, and is used as a permanent <br />housing facility serving large families." <br />4. Section 2.8, Prohibition Against Transfer of the Property, the first sentence shall be <br />amended in pertinent part to read as follows: <br />"City and Agency enter this Agreement in furtherance of the goal of rehabilitation <br />of transitional low income housing into permanent housing serving large families, <br />in reliance that Developer intends to maintain such housing use on the Property <br />for the specified fifty-five (55) year term." <br />read as follows: <br />"failure of Developer or a subsequent owner to use the Property for the purpose of <br />permanent housing for large families." <br />6. Section 7.1, Use and Maintenance of the Property, subsection (B) shall be amended to <br />read as follows: <br />"Use the Property only as a facility providing permanent housing for large <br />families." <br />7. Except as hereinabove modified, all terms and conditions of said Agreement shall remain <br />in full force and effect. <br />(Signatures on following page) <br />2 <br />80C-20 <br />