25C - AGMT HOMEBUYER ASSISTANCE - Laserfiche WebLink

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(b) The City shall have the right to monitor whether the Property is owner -occupied by requesting that Owner provide the City, no more frequently than annually, with a written certification under penalty of perjury that the Property is owner -occupied, accompanied by supporting documentation reasonably satisfactory to the City. (c) In the event that Owner no longer resides on the Property as his or,her or their, primary residence, it shall constitute a breach of contract which may accelerate repayment of the City Loan. 4. Repayment/Acceleration. The unpaid outstanding principal balance of the City Loan and any penalties thereon shall all be due and payable when any of the following events take place:' i. at the end of the 45 year Term of Affordability; ii. when the Property is sold; iii. when the Property is not properly being used as the Owner's ,principal residence; 1 _ _ - ` iv. the City discovers that Owner knowingly or willfully made a misstatement or misrepresentation pertaimng'to Owner's status as an Eligible Person or Family; or, N V. an uncured default in per or breach by Owner of any provision of this Agreement, the Promissory Note, or the City Deed of Trust. 5. Maintenance of Property— Owner shall maintain, the interior and exterior of the improvements and the landscaping on the Property in a manner consistent with community standards which will uphold the value of the Property, in' accordance with these Affordability Covenants and the Santa Ana Municipal Code. (a) Exterior Maintenance. All exterior surfaces of any structures located on the Property shall be maintained at all times in a clean and presentable manner. (b) Graffiti Removal. All graffiti, and defacement of any type, including marks, words and pictures, must be removed from the Property and any necessary painting or repair completed within a reasonable'time, but in no event more than one (1) week after notice to Owner from the City. (c) Landscabing. All landscaping surrounding the Property shall be maintained in a manner consistent with standards of the Santa Ana Municipal Code and any rules, regulations and standards adopted pursuant thereto. In addition, for example, the yard areas shall not contain the following: (i) lawns with grasses in excess of 9 inches in height; (ii) trees, shrubbery, lawns or other plant life which are, dying from a lack of necessary maintenance; (iii) trees and shrubbery grown uncontrolled without proper pruning; (iv) vegetation so overgrown as to be likely to harbor rats or vermin; (v) dead, decayed or diseased trees, weeds and other vegetation; or (vi) inoperative irrigation systems. (d) Maintenance by Owner. Owner shall, at his, her or their sole cost and expense, maintain and repair the Property and the improvements thereon, keeping the same in good condition and making all repairs as may be required by these Affordability Covenants and applicable City rules and regulations. (e) Damage and Destruction Affecting Property — Duty to Rebuild. If all or any portion of the Property and the Improvements thereon is damaged or destroyed by fire or other casualty, it -4- 25C-34