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MILLS ACT AGREEMENT <br /> 2323 North Bonnie Brae <br /> Santa Ana, CA 92706 <br /> the City of any breach or default under this Agreement shall be deemed to be a waiver of any <br /> other subsequent breach thereof or default hereunder. <br /> 7. Binding effect of Agreement. <br /> a. The Owner hereby subject the Historic Property, located at 2323 North Bonnie <br /> Brae, Assessor Parcel Number, 002-122-15, and more particularly described in Exhibit A, in the <br /> City of Santa Ana, to the covenants reservations, and restrictions as set forth in this Agreement. <br /> b. The City and Owner hereby declare their specific intent that the covenants, <br /> reservations and restrictions as set forth herein shall be deemed covenants running with the land <br /> and shall pass to and be binding upon the Owner' successors and assigns in title or interest to the <br /> Historic Property. Every contract, deed, or other instrument hereinafter executed, covering or <br /> conveying the Historic Property or any portion thereof, shall conclusively be held to have been <br /> executed, delivered, and accepted subject to the tenants, restrictions, and reservations expressed <br /> in this Agreement regardless of whether such covenants, restrictions and reservations are set <br /> forth in such contract, deed, or other instrument. <br /> 8. No Compensation. <br /> Owner shall not receive any payment from the City in consideration of the obligation <br /> imposed under this Agreement, it being recognized that the consideration for the execution of <br /> this Agreement is the substantial public benefit to be derived therefrom and the advantage that <br /> will accrue to the Owner as a result of the effect upon the assessed value of the property on the <br /> account of the restrictions on the use and preservation of the property. <br /> 9. Notice. <br /> Any notice required by the terms of this Agreement shall be sent to the address of the <br /> respective parties as specified below or at other addresses that may be later specified by the <br /> parties hereto. <br /> City: City of Santa Ana <br /> Attn: City Clerk <br /> 20 Civic Center Plaza (M-30) <br /> Santa Ana, CA 92702 <br /> <br /> Owner: Jorge and Miriam Galindo <br /> 2323 North Bonnie Brae <br /> Santa Ana, CA 92706 <br /> -5- <br /> D-17 <br /> <br />