80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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at~d for tl~e Hornebuyer to agree that tl~e Prapet~ty nay only be marketed acid sold. ar~d re-sold ~or• othe~~~~ise transferred ire ~~hale ar in par•#~ to ather• q~talil~ed Moderate Incatne Ha~seholds at an Affordable Housing host for a fo~~ty~~~e ~4~~ year period canforrning to Healtl~ Safety fade Section 33aa0, e~ set,, in particular Section ~3~~~~ e~ ~e~~. {tl~e "Pr•agr•atn"~, Tl~e Agency has elected, pursuant to Health at~d Safety bode Section 3333~,3~f~~I~~~~ to per•rnit sales of tl~e Prioperty prior to the expiration of the fai-ty~five year period far a price ire excess of are Affordable Hauling fast pt~rsuar~t to a~~ adapted pr•orar~~ t~vhicl~ protects tl~e Agency's investment of moneys ~'i•am tl~e ~av~ at~d Moderate Incan~e Ha~~stng Fund, tlrr•ough a schedule of equity shat~it~g that permits r•etenfian ley the Hon~eb~tyer of a po~~tian of those excess proceeds, Tl~e Harne~~tyer regrrires financial assistance to purcl~ase the Pr•aper~ty at~d mould ~xat b able to purchase the Property ~~rrtl~out such assistance. Tile Hornebuyer rs a person or• fan~lly ~~i~ose tncat~e is less than Moderate Incarne, as such tet~t~ is defined by ~alifor+nia Health Safety fade Section 5~0~. H. The Hotnebuyer represents at~d ~uarrat~ts to tl~e Agency that the I-Iarnebuyer at~d tl~e Hot~~ehuyer's rrntnediate fat~ltlyll~auset~atd ~nei~~bet•s intend to reside in the Property as their pr•ir~cipal residence at all tithes durrr~ the period ofthe Hornbuyeri's a~ri~et~hip ofthe Property. I, The Aetacy ~~tshes to lend arld tl~e Hatneb~tyer ~~isl~es to bax,ra~~ train tl~e Agency firr~ds ~n the form of a forty-fig=e {45} year loan ~tl~e {`Har~~ebuyer• Assistance Loan"~ secrrt•ed by a subordinate lien deed of trust to assist tl~e Ho~rrebtlyer• to pay a portion of the purchase priice, do~~n payment, andfar closing costs necesar;y to buy the ~'i•opet~ty put•s~rant to the Program arld subject to tl~e terrrrs ar~d candrtrons set fot•tll herein, The pr,it~cipal balance of tl~e Hotrrebuyer Assistance Loan rill be fai~givet~ in the e~er~t that the Harnebuyer ~includit~ its permitted assignees ar~d transferees i~as cotriplied ~vith ail of the terms and conditions of #his Agreernet~t dutiing tl~e Affordability Period, J~ Fat a period ~tl~c "Affor•dabilityP~riod"} cor~~rl~encir~g upon tl~e date an Mich the Ho~rreblryer acquires fee title to tine Prape~•ty ~tl~e "Harneblty~r Assis~arice Laat~ Date"} ar~d terminating on the tarty-ftl~ ~~4t1~} ar~r~i~~et~sary the~~eof ~tl~e "Affordability Period Terr~~ination Date"}, tine Pt~opet~tY t~~ay only be transferred to ar~atl~er eligible, qualified Moderate It~cor~te Household at an Affordable Hausrn fast ~"Etigihle Persons and Fa~~~ilies"~~ Hatnebuyer r~~ay, ire Harnebuyer•'s sale discr•etian, opt to t~•at~sfer the Pr~opet•ty at a price in excess of are Affordable Housing fast durrn the Affordability Period pursuant to Section l,f. hereof, upon payrner~t of are equity shar4in amarrnt to the Agency l~er•eurlder, ~0', T~ER~F~~, its canslderatian of tl~e mutual prarnises ar~d co~et~ants set fat~th herein, the Parties l~er•eto agree as fallo~~s: 1, ~onlehuyer~ Asis#a~~ee I~oar~; Pr~ornissary Nn~e, 1,1 ~Ior~~ebrryex~ Assas#aaice Laar~, Tl~e Agency loans to the Hornebuyer and tl~e Har~eb€ryer borrio~~s from the Agency the amount of , ~ ~ . ~ . ~ ~ Dollars . . ` ~ ~tl~e "Homebuyer• Assistance Laar~ Atno~tr~t"}, subject to tl~e conditions and restr•ictians set for•~l~ herein and thane set forth in tl~e Pran~issar•y Note, Agency Deed of Trusts Notice of Affordable Restr4ictions, Affordable Hatrsir~g Resale Restriction, ar~d Disclosure AT~I'AHM~NT N~,1 ~ -2 Form of Har~rebzr er Loan A reetnerrt Y g DOCS~CII ~~~~73~t131200~7~-400 ~