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<br /> 6 <br />Borrower with respect to Borrower’s household income and that the City would not enter <br />into this Agreement if Borrower’s household annual income were in excess of 120% of <br />the area median income for the City, adjusted for family size, as of the date of this <br />Agreement. As of April 1, 2021June 9, 2017 120% of the area median income for the <br />City of Santa Ana, adjusted for family size (subject to change approximately annually) <br />was as follows: <br /> <br /> <br /> <br /> <br /> Family Size Income <br /> <br />1 $89,65073,900 <br />2 $102,45084,500 <br />3 $115,25095,050 <br />4 $128,05005,600 <br />5 $138,30014,050 <br />6 $1248,5502,500 <br />7 $158,80030,950 <br />8 $169,05039,400 <br /> <br /> First-Time Homebuyer. Borrower represents and warrants to the City that <br />7. Borrower and each adult in Borrower’s household is a First-Time Homebuyer <br />as defined by this Agreement. Borrower acknowledges that the City is relying on <br />Borrower’s representation that Borrower and each adult in Borrower’s household is a <br />First-Time Homebuyer and that the City would not enter into this Agreement if Borrower <br />and each adult in Borrower’s household were not a First-Time Homebuyer. <br /> <br />8. Owner-Occupancy Requirement. <br /> <br /> . Borrower shall occupy the Property as his, her or their primary <br />a. residence, and the Property shall be used as the principal residence of <br />Borrower and Borrower’s household and for no other purpose. The maximum occupancy <br />of the Property shall not exceed two persons per bedroom plus one additional person. <br /> <br /> . The City shall have the right to monitor whether the Property is <br />b. owner-occupied by requesting that Borrower provide the City, no <br />more frequently than annually, with a written certification under penalty of perjury that <br />the Property is owner-occupied, accompanied by supporting documentation reasonably <br />satisfactory to the City. <br /> <br /> . In the event of a breach of this section, the City Loan shall become <br />c. immediately due and payable. <br /> <br /> . The provisions of this section shall also be set forth in the Agreement <br />d. Containing Covenants recorded against the Property. <br />EXHIBIT 2