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THRIVE SANTA ANA, INC. (7)
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THRIVE SANTA ANA, INC. (7)
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Last modified
2/19/2026 5:49:07 PM
Creation date
2/19/2026 5:47:20 PM
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Contracts
Company Name
THRIVE SANTA ANA, INC.
Contract #
A-2026-020
Agency
Community Development
Council Approval Date
2/17/2026
Expiration Date
1/1/1900
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3.6. All obligations imposed upon Grantee herein shall bind any and all successors <br /> of Grantee(subject to Section 7 below). <br /> 4. If Grantee breaches any of the Covenants Running with the Land above, Grantee <br /> shall have fourteen (14) days following written notice of default from the Grantor to cure such <br /> default. In the event Grantee fails to cure such default, Grantee shall be liable for liquidated <br /> damages in accordance with the Agreement. <br /> 5. All covenants contained in this Micro-Farm Covenant shall be covenants running <br /> with the land and equitable servitudes thereon. The covenants contained in Sections 3 and 4 herein <br /> shall automatically terminate upon(a) thirty(30) years from the date the Micro-Farm Covenant is <br /> recorded; or (b) Grantee's payment of liquidated damages in accordance with the Agreement, <br /> without further notice or documentation. <br /> 6. The covenants contained herein shall be binding for the benefit of Grantor, the City <br /> of Santa Ana and, if applicable, any successor in interest to said parties. Such covenants shall run <br /> in favor of the Grantor and such aforementioned parties for the entire period during which such <br /> covenants shall be in force and effect,without regard to whether the Grantor is or remains an owner <br /> of any land or interest therein to which such covenants relate. The right to exercise all of the right <br /> and remedies, and to maintain any actions at law or suits in equity or contained in this Micro-Farm <br /> Covenant shall be for the benefit of and shall be enforceable only by the Grantor and such <br /> aforementioned parties. Notwithstanding anything to the contrary in this Micro-Farm Covenant, <br /> no default by Grantee hereunder shall result in any forfeiture of fee title to the Property. <br /> 7. Nothing in this Micro-Farm Covenant shall restrict Grantee from unencumbering <br /> the Property with a deed of trust or mortgage. Any amendment to these Micro-Farm Covenant <br /> shall require the consent of any mortgagee. No portion of this Micro-Farm Covenant or any <br /> amendment or violation thereof shall operate to defeat or render invalid, in whole or in part, the <br /> rights or protection of the beneficiary, insurer, guarantor, or holder of any mortgage or deed of <br /> trust encumbering any portion of the Property. Notwithstanding anything in this Micro-Farm <br /> Covenant to the contrary, in the event of any foreclosure or deed-in-lieu of foreclosure by lender <br /> holding a deed of trust or mortgagee on the Property, any successor owner shall acquire fee title <br /> to the Property free of any obligations under this Micro-Farm Covenant. <br /> 8. The covenants contained herein shall be deemed to be covenants running with the <br /> land and shall bind and benefit future purchasers, encumbrances and transferee. <br /> [Signatures on following page] <br /> Exhibit "C" <br /> 1032/028269-0007 <br /> 15373821.8 802/0926 -3- <br />
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