80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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reco~•d the Affordable Ho~xsing resale Restr~ctian against the Property ire tl~e Official Records of grange County, California, Tl1e Homebt~ye~, also agrees to can~ply with all applicable federal, state and local ia~vs~ ~CCUp~II~y Stall[~~~'ds, The Prope~~y shall be used as the principal per'sarial reside~~ce of tl~e ~Iorrrebuyer• and the ~Ian~ebuye~"'s irnrnediate family and far• na ~tl~er~ purpae, The Homebuyer shall riot e~~ter into an a~ieen~etat for the ~•e~~tal ar~ lease of all or• ar~y par"t of the Property. Tl~e Homebuyer shall riot rent o~~t a r•oorrr or ~•oon~s in tl~e Proper"~. Tl~e Harrrebuyer' tnay r•ecluest a ternpor•ariy ~vaivex~ of the foregoing requirement irl tl~e evert of extreme l~ardsl~ip requiring the I~omeb~~yer• to r~love to anotixe~i geographical area ar' to less expersl~~e ho~~sing, i~~c~rdi~~g, for exat~ple and ~Tlthollt lrmrtatran, tr"ansfer of~ab laeatlot~, lass of job, oz4 ~~~~e~peeted rna~or expenses, The Agency trray app~iove o~• disapprove such request rr~ its sale drscr"etiar~, and may require as a car~drtrori of appr;anal that tl~e Ho~r~ebuye~~ only rent the Prapert~ to Eligible Persons and Pa~nilies, subject to the rrraxirnurrr affordable resat li~~~it applicable to Moderate Ineorr~e Ho~~sel~olds as set fo~~th in Health Safety Code ectian ~Da3, Tl~e I~or~eb~~yer shall, ~~por~ der~a~1d by tl~e Agency, s~rbmit to the Ae~~cy an affidavit of occupa~~cy verifying tl~e Ho~~~ebuyer's corr~pliarce ~~itlr this section 7~ Such affida~~it tnay be req~rlred by tl~c Agency an an ant~~ral basis. S, Y~~carne e~~~ii~atio~~, Tl~e Homebl~yer leas subrrritted are application and addrtroral rnforrrration vexi~~ying ~~~coir~e ellglblllty to the Developer ar~d the Agency prior' to exec~~tiot~ of this Agreemer~t~ Tl~e I~orrreb~~yer• r"epr•eser~ts, ~~a~•~iants, and declares ~~~~der per~alty afpe~jury to the Agency that all ir~far"rnatiat~ the I~or~nebuyet• leas pz•o~rided and ~v~ll p~io~ide i~~ tl~e future to tl~e De~reloper" and the Ager~cy is ar7d will be true, correct a~ld corrrplete~ The I~amebltyer" aclCno~~ledges tlxat tl~e Agency is rclyit~g upon the Ha~rrebuyer's represeritatior~ as to it~cotr~e, household size, assets aril other infor"~r~atiot~ to detez'i~~ne ~vhethel• tl~c I~o~r~eb~ryer is a Moderate Ir~conle Household ar7d tl~e Agency ~~~ould riot Dave ex~te~~ed into this Agreetr~ent if tl~e Hotnebuyer did x~ot so qualify, Its tl~e eve~~t that the Aer~ey discovers that any of suer ir~forrrratlon is tnaterialy u~xtrue, the Agency may declare the Hon~ebuyer Assistance Loan and the Contingent Equity Par"tlcrpatlot~ Atnoa~rlt, if at~~r, i~~nrrrediatoly due and payable, 9, NIUtlflrly ~o~1sIlg osf ~Il~~l'n1t~Ul~, Tire Ho~neb~~ye~•'s anticipated Montl~l~? Houir~g Costs at the tithe of this A.greer~~e~~t, at~d at tl~e tine of I~arnebuyer"'s acquisitior~ of tl~e Property, r~«st clot exceed Affordable Housing Cost, determined as folla~vs; Affnr~tla~Ie I~n~rsi~~g as# ~ Moiler*ate II1coIne ~al~sehol~~ The Horr~eb~~ye~~ ~ax~cl all successors thereto during the 45-year Affordability Period) sl~ali be a Moderate Incarne ~Iousehold as defined ~~1 Health Safety Code eCtlans Saa5~.5 ar~d 5a~93 for successor stat~xtes~ and the rrrplernet~trr~ re«latiors the~~eto p~•om~llated by the Hausing and Cotr~n~ut~ity Development Department of tl~e State of California, `fAffo~•dable Housing Cast" means the p~rrcl~ase price for Mode~•ate Income Households pur"scant to Califarrlia I~ealtl~ Safety Cade ectior~ 5aD5~., the implernei~ting ~iegulations of S~ctians ~9~0~ ~9~~ and X930 of Title ~ oftl~e California Code ofRegulatians for Moiler"ate Incorre Ho~zsel~olds, 1~, a~Sigl~e~~s a~~~ n~N~or~gaga~•s. The ~r~came of rridrviduals ~~~ho sigh only the NDte ~"co-igrcr"s"~ a~~d rr~dlvrduals 4~rho sigh both tl~e Note and the grant deed. ~"ca_ n~or~tgagors") ~~Till be ir~cluded for determrnin lletl~er" tl~e Hornebuyer is a Moderate Incorr~e ATTACHMENT N0,11-1 I Porn of Homebuycr Loan Agreement DOCSOCII ~~~b7~;~1~124~272-~00 ~