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by selling or otherwise conveying the Property to a Moderate Income Household at an Affordable Housing Cost in strict conformit Program requirements. This may restrict the persons to whom we may ell the Property, and may result in a sales price which i less than the fair market value of the Property. For a forty-five 4 year period, the Property may only be transferred to a Moderate Income Household at an Affordable Housing Cost and the Property must be and remain owner-occupied. In my/our sole discretion, Itwe may elect to cause an acceleration under the. Note by transferring the Property at a price in excess o f an Affordable Housing o f in consideration for paying the Agency the Contingent Equity Participation Amount. After the forty-five 4 year terra of the Homebuyer Assistance Loan, Itwe may ell the Property to any person regardless of their income at the Property's fair market value. I/we have a right to cancel or rescind this loan at any time prior to midnight on the third business day after the Loan Agreement is signed by sending a notice of my/our decision to rescind or cancel Homehu er Assistance Loan to: Community e devel opment Agency of the City of Santa Ana 20 Civic Center Plaza Santa Ana, California. 92701 Attention: Agency Executive Dire c for • During the term of Hornehu er Assistance Loan, I/we intend to continuously occupy the Property and I/we shall not rent or lease the Property. I/we may be responsible for paying an appraisal fee in connection with my/our sale, transfer, or refinance, of the Property, or if the Note becomes due and payable because I/we mare in default of any provisions of the Loan Agreement, Agency shall not be held responsible for any costs associated with the home 11we purchase with such assistance including, but not limited to, any loan fees or charges, any charges for appraisals, or any escrow costs or other costs relating to the transfer of the Property. • Agency cannot ensure that information provided by or on my /our behalf will be kept confidential. • Agency shall not be responsible for the selection of a home, the selection of a lender pro id in funds as si s tin g in the purchase rchas a of the home, providing information concerning other public or private sources of loans, or the competitiveness of the terms of the Program. I/we assume all responsibility for detern ini n whether I/we will inform myself/ourselves as to the availability and terms of other public or private loans. EXHEBIT D-2 TO ATTACHMENT PTO. 11 To Affordable Hornehu er Loan A greemen t Program Disclosure Statement DO 14 73 Y 1 4/20027 -0001