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(i) the Loan Agreement; (ii) Tile CityJHOME Loan Note; (iii) The City /ROME Deed of Trust, (iv) The Affordability Restrictions on Transfer of Property, and (b) Title Insurance, City shall have received an LP-1 0 ALTA Lender's 1,f7an policy of title insurance (1971) editirin), or evidence" of a commitment therefore satisfactory to City, issued by First American Title Insua °once Company and in fion a and substance satisfactory to City, together with all endorsements and hinders required, naanii g City as the insured, in a policy amount of not less than the City/HOME Loan Amount, showing Developer as the fee owner of the Piopeity and insuring the City/HOME Laced of Trust to be valid priority liens on the Property. The City/HOME Loran Note and Deed of Trust shrill be subordinate to the Senior Loan Note and First Deed. (c) Aff arda6rltyRestreionsanTransferofl?zotreriy. Developer shall have delivered to the City, in the Harm attached hereto as Exhibit G, the Affordability Restrictions on Transfer of Title pursuant to which, among other (hings, Developer agrees that the Property shall be used only for decent, sale, sanitary and affordable rental housing pursuant to the affordability requirements of Code of Federal Regulations C" C FR ") section 92.252 or 92,254 and California Health and Safety Code ('TI&S ") sections 50052.5, as applicable. (4) Documents Recorded. This Loan Agreement, the CitylHOME Load Deed of Toast and the Affordability ldestrictions as Transfer orPrciperty shall have been recorded in the Official Records ofthe County. (c) Request for Notice. For its own benefit, City shall have recorded a request for notice of def"irult of the Senior Loan (the "Request for Notice of Default "). (f) insurance. City shall have received evidence satisfactory to the City Attorney that all of the policies of insurance required by Section 17 of this Agreement are in fult force and effect. (g) Representations and Warranties. The representations and warranties of Developer contained in this Agreement and the other Loan Documents shall be correct at the time of execution of all documents, and if requested by the Executive Director, City shall have received a certificate to that ell'ect signed by Developer's Representative. (h) No Default. No Event of Default by Developer shall have occurred, anti on event shall have occurred which, with the giving of notice or the passage of time or both, would constitute an Event of Default by Developer under this Agreement, and if 25B -14