FRIENDS OF THE LACY HISTORIC NEIGHBORHOOD-2011

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by selling or otherwise conveying the Property to a Moderate Income Household at an Affordable Housing Cost in strict conformity Program requirements. This may restrict the persons to whom we may sell the Property, and may result in a sales price which is less than the fair market value of the Property. For a forty-five (45) 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, Uwe may elect to cause an acceleration under the Note by transferring the Property at a price in excess of an Affordable Housing Cost in consideration for paying the Agency the Contingent Equity Participation Amount. After the forty-five (45) year term of the Homebuyer Assistance Loan, I/we may sell 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 Homebuyer Assistance Loan to: Community Redevelopment Agency of the City of Santa Ana 20 Civic Center Plaza Santa Ana, California 92701 Attention: Agency Executive Director • During the term of Homebuyer Assistance Loan, Uwe intend to continuously occupy the Property and Uwe shall not rent or lease the Property. • Uwe may be responsible for paying an appraisal fee in connection with mylour sale, transfer, or refinance of the Property, or if the Note becomes due and payable because I/we am/are in default of any provisions of the Loan Agreement. • Agency shall not be held responsible for any costs associated with the home Uwe 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 providing funds assisting in the purchase of the home, providing information concerning other public or private sources of loans, or the competitiveness of the terms of the Program. Uwe assume all responsibility for determining whether Uwe will inform myself/ourselves as to the availability and terms of other public or private loans. EXHIBIT D-2 TO ATTACHMENT NO. I I To Affordable Homebuyer Loan Agreement Program Disclosure Statement DOCSOC/1400673v 141200272-0061