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STATION DIST DDA WITH CRA
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STATION DIST DDA WITH CRA
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7/29/2020 4:28:28 PM
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9/27/2010 1:29:49 PM
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Governing Law. Homebuyer hereby agrees to ompl with all ordinances, rules <br />and regulations of Agency and the City. Nothing in this Restriction is intended to be, nor shall it <br />he deemed to be, a waiver of any City ordinance, rule or regulation. This Restriction shall be <br />governed by the laws of the State of California. Any legal action brought under this Restriction <br />ust he instituted in the Superior Court of the County of Orange, State of California, or in the <br />Federal District Court in the Central District of California, S ants Ana Division b <br />1. Amendment of Restriction. No modification, rescission, waiver, release or <br />amendment of any provision of this Restriction shall he made except by a written agreement <br />executed by Horneb ur and Agency. <br />22. Agency May Assign. Agency may, at its option, assign its rights hereunder <br />without oh t ainin g the consent of Homebu er. <br />Homeb uy e n Assignment Prohibited. In no event shall Hornebu firer assign or <br />transfer any portion of this Restriction without the prior express written consent of Agency, <br />which consent shall b e given by Agency only in the event that Agency determines that the <br />assignee or transferee is a Moderate Income Household, that the as si gne ' s or Iran s f ree } s <br />monthly housing payments are at are Affordable Housing Cost* and that the assignee or transferee <br />has expressly assumed this Restriction by execution of a written assignment document to he <br />provided by Agency. This section shall not affect or diminish Agency's right to assign all or any <br />portion of its nights hereunder. <br />4. Notices. Any notices, requests or approvals given under this Restriction from one <br />party to another may he personally delivered or deposited with the United States Postal Service <br />for mailing, postage prepaid, registered or certified mail, return receipt requested to the following <br />address: <br />T Hombur: <br />To Agency: <br />Community d v lopment Agency <br />of the City of Santa Ana <br />Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: Agency Executive Director <br />Either party may change its address for notice by giving written notice thereof to the <br />other party. <br />25. Attorneys' Fees and Costs. In the event that any action is instituted to enforce <br />payment o r performance under this Restriction, the parties agree the non-prevailing party shall he <br />EXHEB IT - 15 TO ATTACHMENT NO. 11 <br />Affordable Housing Resale Restriction <br />DOC S 00 14 0067 3v 14120027 2- 1 <br />
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