11B - 2ND READ ORD REGISTRATION OF ABANDONED PROPERTY

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"Administrative Penalty Payment Due Date" means the date that is the 10th day after the issuance of an abatement order, a notice of violation issued pursuant to SAMC Section 1- 21.7(l). "Agreement" means any written instrument that transfers or conveys title to residential or commercial real property from one owner to another after a sale, trade, transfer or exchange. "Beneficiary" means a lender participating in a real property transaction that holds a secured interest in the real property in question identified in a deed of trust. "Buyer" means any person, partnership, association, corporation, fiduciary or other legal entity that agrees to transfer anything of value in consideration for real property via an agreement. "Dangerous Building" means any building or structure reasonably deemed by authorized City staff to represent a violation of any provision specified in the Uniform Code for the Abatement of Dangerous Buildings, International Property Maintenance Code, and California Health and Safety Code section 17920.3. "Days" means Calendar days. "Deed of Trust" means an instrument whereby an owner of real property, as trustor, transfers a secured interest in the real property in question to a third party trustee, as security for a loan issued in the context of a real property transaction. This definition applies to any and all subordinate deeds of trust; i.e., 2nd trust deed, 31d trust deed, etc. "Deed In Lieu Of Foreclosure" means a recorded instrument that transfers ownership of property from the trustor to the holder of a deed of trust upon consent of the beneficiary of the deed of trust. "Default" means the material breach of, or failure to fulfill, a legal or contractual duty arising from or relating to a deed of trust. "Distressed" means any building, structure or real property that is subject to a current notice of default and/or notice of trustee's sale, pending tax assessors lien sale and/or any real property conveyed via a foreclosure sale resulting in the acquisition of title by an interested beneficiary of a deed of trust, and/or any real property conveyed via a deed in lieu of foreclosure/sale, regardless of vacancy. "Enforcement Official" means the City Manager, the Building Official, and/or any employee or agent of the City of Santa Ana designated and/or charged with enforcing this Code, including but not limited to applicable codes adopted by reference therein. "Evidence of Vacancy" means any real property condition that independently, or in the context of the totality of circumstances relevant to that real property would lead a reasonable Ordinance No. NS-XXXX 11B-5 Page 3