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2017 Habitat for Humanity of the Coachella Valley, Inc. - Resale Restrictions & Option to PuchaseRecording Regiiested By First American Title Company RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: La Quinta Housing Authority 78-495 Calle Tampico La Quinta, California 92253 Attn: Executive Director SV 7Co 3// DOC # 2017-0374719 09/08/2017 03:51 PM Fees: $0.00 Page 1 of 27 Recorded in Official Records County of Riverside Peter Aldana Assessor -County Clerk -Recorder **This document was electronically submitted to the County of Riverside for recording** Receipted by: TERESA #134 APN: 774-044-012-3 [Space above line for Recorder's Use] [Exempt from payment of a recording fee pursuant to Government Code Sections 6103 and 27383] AFFORDABLE HOUSING AGREEMENT WITH RESALE RESTRICTIONS AND OPTION TO PURCHASE This AFFORDABLE HOUSING AGREEMENT WITH RESALE RESTRICTIONS AND OPTION TO PURCHASE (the "Agreement") is made this 24th day of August, 2017, by and between EDUARDO VERDUGO CASTILLO and MARIANA NAVARRO MELCHOR, husband and wife as joint tenants ("Participant"), and the LA QUINTA HOUSING AUTHORITY, a public body, corporate and politic ("Authority"). RECITALS A. Participant has entered into an agreement (the "Purchase Agreement') with Habitat for Humanity of the Coachella Valley, Inc., a California nonprofit religious corporation ("Developer"), to purchase a single family residence located at 53240 Avenida Alvarado, in the City of La Quinta, County of Riverside, State of California (the "Property"). The Property is more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference. B. Participant acknowledges that the former La Quinta Redevelopment Agency ("Agency") and Developer previously entered into an Affordable Housing Agreement (the "AHA") concerning the Developer's development of the Property and certain adjacent real property (the "Adjacent Property"). C. In connection with the AHA, Developer and the Agency also entered into that certain Affordable Housing Agreement and Declaration of Covenants, Conditions and Restrictions, recorded in the Official Records of the County of Riverside on August 30, 2010, as Instrument No. 2010-0414647, which was amended by that certain Amendment No. 1 to Affordable Housing Agreement and Declaration of Covenants, Conditions and Restrictions, recorded in the Official Records of the County of Riverside on August 18, 2011, as Instrument No. 2011-0364931, and by that certain Amendment No. 2 to Affordable Housing Agreement and Declaration of Covenants, Conditions and Restrictions, recorded in the Official Records of the County of Riverside on April 25, 2017, as Instrument No. 2017-0164119 (as amended, the "Agency Declaration"). 53240 Avonida Alvarado Castillo DOC #2017-0374719 Page 2 of 27 D. Pursuant to Health and Safety Code section 34176(b)(2), added by Assembly Bill 26 from the 2011-12 First Extraordinary Session of the California Legislature, and Authority Resolution No. 2012-02, Authority elected to be the "housing successor" to the Agency, enabling Authority to retain the housing assets and functions previously performed by the Agency, and allowing the Authority to enforce affordability covenants and related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1 of Division 24 of the Health and Safety Code). Administration of the AHA, the Agency Declaration, and all documents executed in connection therewith, is a housing function of the Agency that was transferred to Authority. E. Participant acknowledges that the Property is subject to affordability restrictions stemming from (i) the AHA, which requires purchasers of the Property to execute this Agreement in favor of Authority, (ii) the Agency Declaration, and (iii) any documents Developer has required Participant to execute in connection with Participant's purchase of the Property, including, but not limited to, an Affordable Housing Loan Agreement (the "Developer AHA"), a promissory note (the "Developer Note"), a "silent" third deed of trust (the "Developer Deed of Trust"), and a Right of Repurchase, Option to Purchase and Right of First Refusal (the "Developer Right of Repurchase," and collectively with the Developer AHA, Developer Note, and Developer Deed of Trust, the "Developer Documents and Agreements"). The AHA, Agency Declaration, and Developer Documents and Agreements are incorporated herein by reference as though fully set forth. F. Participant represents and warrants to Authority that Participant has read and understands the terms and provisions of this Agreement and the covenants, conditions, and restrictions set forth in this Agreement, and that Participant has obtained the advice of independent legal counsel with respect to the terms of this Agreement, including all attachments hereto, or has knowingly and voluntarily waived the right to consult with legal counsel of his/her choosing. G. Participant acknowledges that the Agency provided a loan to the Developer (the "Agency/Developer Loan") in connection with the Developer's development of the Property and Adjacent Property, and that upon the purchase of the Property by Participant a portion of the Agency/Developer Loan, in the amount of Ninety Thousand Twenty Dollars ($90,020), is being assigned to Participant, and shall be deemed to be a loan provided by Authority to Participant (the"Authority Loan"). The Authority Loan shall be secured by a deed of trust. Participant further acknowledges that without the Agency's provision to Developer of the Agency/Developer Loan, a portion of which is comprised of the Authority Loan, the Developer would not have been able to develop the Property as an affordable housing unit, and Participant would not have been able to purchase the Property. H. Participant is an "Eligible Buyer" which, for purposes of this Agreement is a person or family whose annual income does not exceed the qualifying limits under California law for "very low income households" as established by the United States Department of Housing and Urban Development, and as published periodically by the State of California Department of Housing and Community Development. 53240 Avenida Alvarado Castillo -2- DOC #2017-0374719 Page 3 of 27 I. Participant represents and warrants to Authority that Participant shall reside in the Property as Participant's principal residence at all times throughout the term of this Ag reement. J. Authority desires to assist Eligible Buyers to purchase residential property and to increase, improve and preserve housing available to very low income households at "affordable housing cost" (as defined in Health and Safety Code Section 50052.5) within the territorial jurisdiction of Authority. AGREEMENT NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference and made a part hereof, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Duration of Covenants. The covenants set forth in this Agreement shall remain in effect from the date this Agreement is recorded and continue thereafter for forty- five (45) years following the date of recordation ("Covenant Period"). 2. Authority Loan. Authority is hereby deemed to have loaned to Participant the Authority Loan. Participant shall execute, as maker, and deliver to Authority a promissory note in favor of Authority, as holder, in the principal amount of the Authority Loan, in the form delivered to Participant by Authority (the "Note" or "Promissory Note"). Unless an "Event of Acceleration" (as that term is defined in Section 4 hereof) occurs prior to the expiration of the Covenant Period, (a) no interest shall accumulate on the Authority Loan, and (b) upon the expiration of the Covenant Period, the Note shall be cancelled and the Note Amount shall be forgiven. If an Event of Acceleration occurs prior to the expiration of the Covenant Period, interest shall be deemed to have accumulated on the Note Amount at the rate of seven percent (7%) per annum, compounded annually. Participant shall also execute and deliver to Authority a second deed of trust which shall secure the Note, in the form delivered to Participant by Authority (the "Deed of Trust"). As a further condition of Authority allowing the sale of the Property to Participant, Participant shall execute and deliver to Authority a Borrower Disclosure Statement and a Notice of Right of Rescission (collectively "Disclosure Statement"), which shall be in the form delivered to Participant by Authority. 3. Property Transfer Restrictions. a. Participant shall not "Transfer" (as defined below) or permit the Transfer of the Property unless the Transfer is a "Permitted Transfer" (as defined in Section 3c below). A "Transfer" is (i) any sale, assignment, conveyance, or transfer of an interest in the Property, including, without limitation, a fee simple interest, tenancy in common, joint tenancy, community property, tenancy by the entireties, life estate, or other limited estate, leasehold interest or any rental of the Property, or (ii) any interest evidenced by a land contract. 53240 Avenida Alvarado Castillo -3- DOC #2017-0374719 Page 4 of 27 b. ; Transfers shall be designated as voluntary or involuntary. Involuntary Transfers are Transfers that occur by operation of law, in the absence of an express conveyance by Participant, and include (but are not limited to), Transfers by devise, inheritance, incompetence, marriage, and divorce (collectively, "Involuntary Transfers"). Voluntary Transfers occur by affirmative act of Participant, and include Transfers by gift, sale and lease, any refinance that constitutes a Transfer, and any other Transfer that does not constitute an Involuntary Transfer. c. The following Transfers shall constitute "Permitted Transfers": (1) Voluntary Transfers to a spouse, to Developer, to Authority, or to an Eligible Buyer (provided Developer has made, or makes, and Authority has verified, or verifies, the determination that the buyer qualifies as an Eligible Buyer in accordance with Section 6c below, and subject to the owner occupancy restrictions in Section 9 below); and (2) Involuntary Transfers (subject to the owner occupancy restrictions in Section 9 below) that satisfy both of the following: (A) The transferee(s) gives notice to Authority of such event within thirty (30) days of its occurrence and the transferee(s) assumes the Participant's obligations under this Agreement, the Note and the Deed of Trust, by execution of an "Assumption Agreement" (as that term is defined in Section 6b below); and (B) Where the transferee is not an Eligible Buyer, such transferee Transfers the Property to an Eligible Buyer (provided Developer has made, or makes, and Authority has verified, or verifies, the determination that the buyer qualifies as an Eligible Buyer in accordance with Section 6c below) within one hundred eighty (180) days after the transferee obtains title to the Property. A Transfer that does not constitute a Permitted Transfer (a "Prohibited Transfer") is expressly prohibited by this Agreement and shall constitute a default of Participant under this Agreement, entitling Developer or Authority to exercise its right to purchase the Property from the new owner, pursuant to the process set forth in Section 6 herein, as well as all remedies available at law or equity, including without limitation the enforcement of the liquidated damages provision in Section 19 of this Agreement. 4. Events of Acceleration. The Authority Loan shall become due and immediately payable irrespective of any provisions herein to the contrary upon the occurrence of any one of the following events of acceleration (each, an "Event of Acceleration"): (i) Prohibited Transfer of the Property (as defined in Section 3 above), except a Prohibited Transfer which under applicable law, would not, by itself, permit Authority to exercise a due on sale or due on encumbrance clause, or (ii) such time if or 53240 Avenida Alvarado Castillo -4- DOC #2017-0374719 Page 5 of 27 when Participant (or upon Participant's Transfer of the Property pursuant to a Permitted Transfer, Participant's transferee) is no longer in compliance with the occupancy requirements set forth in Section 9 of this Agreement or is in default of any other obligation under this Agreement, the Note, or the Deed of Trust. Authority's Executive Director may, in his or her sole and absolute discretion, waive some or all of the requirements of this Section 4. AN EVENT OF ACCELERATION OR PAYMENT OF .THE AUTHORITY LOAN, WHETHER VOLUNTARY OR DUE TO AN EVENT OF ACCELERATION, SHALL NOT TERMINATE THE AFFORDABILITY RESTRICTIONS OF THIS AGREEMENT OR THE 45 -YEAR AFFORDABILITY PERIOD SET FORTH IN THIS AGREEMENT. PARTICIPANT EXPRESSLY ACKNOWLEDGES THE FOREGOING. PARTICIPANT'S INITIALS: �— 01,-1 5. Notice to Developer and Authority. Participant (or Participant's heirs following the death of Participant) agrees to notify Developer and Authority in writing not less than thirty (30) days prior to any Transfer of any interest in the Property. 6. Developer's and Authority's Option to Purchase; Sale of Property. a. If Participant desires to sell, quitclaim, exchange, or in any manner dispose of the Property or any part thereof (any of the foregoing, a "Proposed Sale"), Participant shall first notify Developer and Authority of its intent to Transfer the Property, by sending to Developer and Authority the notification form attached hereto and incorporated herein as Exhibit "B" ("Participant's Notice of Intent to Transfer"), at least ten (10) days prior to the date each time the Property is placed on the market for a Proposed Sale or Participant takes any other action to Transfer the Property or any interest therein. b. For a period of sixty (60) days commencing on the date Developer and Authority receive Participant's Notice of Intent to Transfer (or, if Participant fails to send such notice, the date Authority and/or Developer discovers that Participant has placed the Property on the market or has taken any other action to Transfer the Property or any interest therein), Developer shall have an option to purchase the Property from Participant at the "Maximum Purchase Price" (as that term is defined in the Developer Right of Repurchase, pursuant to the terms of the Developer Right of Repurchase for the sole purpose of locating an Eligible Buyer and reselling the Property thereto at an "Affordable Sales Price" (as that term is defined in Section 6d below) ("Developer's Option to Purchase"). Developer's exercise of Developer's Option to Purchase shall be made by delivery of written notice to Authority and to Participant. If Developer does not exercise Developer's Option to Purchase during the time specified herein, then upon the expiration, of said time period, Authority shall have an option to (A) purchase the Property from Participant at an Affordable Sales 53240 Avenida Alvarado Castillo -5- DOC #2017-0374719 Page 6 of 27 Price, or (B) to cause the purchase of all the Property by an Eligible Buyer at an Affordable Sales Price ("Authority's Option to Purchase"). Authority's Option to Purchase shall continue until such time as Participant enters into a binding purchase and sale agreement to sell the Property to an Eligible Buyer. Authority's exercise of Authority's Option to Purchase shall be made by delivery of written notice to Developer and to Participant. In the event Developer or Authority either purchases the Property or arranges the purchase by an Eligible Buyer, an escrow shall be established to close within forty-five (45) days after delivery of Developer's or Authority's notice of exercise (as applicable), subject to any extensions requested by Developer or Authority (as applicable) for causes outside the control of Developer or Authority, respectively. In the event Developer or Authority arranges the purchase by an Eligible Buyer pursuant to this Section 6b, the Eligible Buyer shall be required to assume Participant's obligations hereunder by execution of an Assumption, Release, and Consent Agreement substantially in the form attached hereto and incorporated herein as Exhibit "C", assuming Participant's obligations hereunder (an "Assumption Agreement"). Developer's and Authority's option to purchase set forth in this. Section 6b shall terminate and be of no further force or effect on the date the Covenant Period terminates. c. In the event Developer has failed to exercise Developer's Option to Purchase within the sixty (60) day timeframe referenced in Section 6b, Authority has not yet exercised Authority's Option to Purchase, and Participant desires to effect its own transfer of the Property, the following restrictions shall apply: (1) Participant shall not sell or transfer the Property until such time as Developer has determined, and Authority has verified, (i) the proposed buyer is an Eligible Buyer; (ii) the proposed buyer intends to occupy the Property as its principal residence; and (iii) the Proposed Sale is at an "Affordable Sales Price" (as defined in Section 6d below). (2) If Participant identifies a buyer whom Participant believes to be an Eligible Buyer, Participant shall cooperate with and reasonably assist Developer with the determination of whether the proposed buyer is an Eligible Buyer. Within ten (10) days after Participant locates the proposed buyer, Participant shall submit to Developer (1) information evidencing the proposed buyer's identity and income in order that Developer may make a preliminary determination regarding the buyer's household income status (a "Preliminary Determination"); and (2) the price at which Participant proposes to sell the Property (less the value of any personal property or equipment included in said price). 53240 Avenida Alvarado Castillo -6- DOC #2017-0374719 Page 7 of 27 (3) In the event Developer makes a Preliminary Determination that the buyer qualifies as an Eligible Buyer, Participant may proceed with opening an escrow for a Proposed Sale; provided, however, that not less than twenty (20) days prior to the date escrow is scheduled to close for the Proposed Sale, Participant (or the proposed buyer) shall submit to Developer adequate information to enable Developer to make a final determination regarding whether the buyer qualifies as an Eligible Buyer and whether the Property is available to such buyer at an Affordable Sales Price (a "Final Determination"). Such information shall include (a) a completed request for approval of buyer in the form then in use by Authority (provided, however, that if Developer has forms that contain the same information as Authority's then -current request for approval of buyer form, and Developer assists Participant in completing such forms, or completes such forms itself, such forms may be utilized in lieu of Authority's request for approval of buyer form); (b) the purchase and sale agreement pursuant to which Participant proposes to sell the Property to the proposed buyer; and (c) information evidencing the income of the proposed buyer including, but not limited to, original or true copies of pay stubs, income tax records or other financial documents. Developer may request additional information reasonably required to make a Final Determination regarding the proposed buyer's status. (4) If Developer is unable to make a Final Determination regarding the proposed buyer's income as provided herein prior to the date set for the Proposed Sale, then the proposed buyer's income shall be deemed to exceed the maximum allowable Income limit for Eligible Buyer status and Participant may not conclude the Proposed Sale. (5) Upon Participant's sale of the Property to a person who is an Eligible Buyer (provided that person's status as an Eligible Buyer has been determined by Developer and verified by Authority pursuant to this Section 6c) at an Affordable Sales Price, the Eligible Buyer shall assume Participant's obligations hereunder by execution of an Assumption Agreement. IN THE EVENT PARTICIPANT SELLS THE PROPERTY TO A BUYER WHO DOES NOT QUALIFY AS AN ELIGIBLE BUYER, AUTHORITY SHALL HAVE AN OPTION TO PURCHASE THE PROPERTY FROM THE BUYER AT AN AFFORDABLE SALES PRICE DETERMINED PURSUANT TO SECTION 6e BELOW. THE FOREGOING CONSTITUTES NOTICE TO ANY BUYER OF THE PROPERTY WHO HAS PURCHASED THE PROPERTY WITHOUT OBTAINING THE PRIOR APPROVAL OF DEVELOPER AND AUTHORITY. d. As used herein, the term "Affordable Sales Price" shall be that purchase price which, after payment of a reasonable downpayment of not more than five percent (5%) of the purchase price, would result in an annual "Monthly Housing Cost" (as defined below) which does not exceed the product of thirty 53240 Avenida Alverado_Cestillo -7- DOC #2017-0374719 Page 8 of 27 percent (30%) times fifty percent (50%) of Riverside County median income adjusted for family size appropriate to the unit. "Monthly Housing Cost" shall be a cost that includes all of the following associated with the Property, estimated or known as of the date of the Proposed Sale of the Property: (1) Principal and 'interest payments on a thirty-year fixed mortgage loan and any loan insurance fees associated therewith. (2) Property taxes and assessments. (3) Fire and casualty insurance covering replacement value of property improvements. (4) Any homeowner association fees. (5) A reasonable utility allowance. The Monthly Housing Cost of a buyer shall be an average of estimated costs for the next twelve (12) months. For purposes of this Agreement, the term "adjusted for family size appropriate to the unit" shall mean a household of one person in the case of a studio unit, two persons in the case of a one -bedroom unit, three persons in the case of a two-bedroom unit, four persons in the case of a three-bedroom unit, and five persons in the case of a four-bedroom unit. Participant shall contact Developer or Authority for assistance in determining the applicable Affordable Sales Price for a particular proposed Eligible Buyer. PARTICIPANT UNDERSTANDS THAT THE DETERMINATION OF THE AFFORDABLE SALES PRICE CAN BE MADE ONLY AT THE TIME OF THE PROPOSED SALE, AND THAT THE AFFORDABLE SALES PRICE PERMITTED HEREUNDER WILL PROBABLY BE LESS THAN THE FAIR MARKET VALUE OF THE PROPERTY AND MAY NOT INCREASE OR DECREASE IN THE SAME MANNER AS OTHER SIMILAR REAL PROPERTY WHICH IS NOT ENCUMBERED BY THE AFFORDABILITY COVENANTS IN THIS AGREEMENT. PARTICIPANT FURTHER ACKNOWLEDGES THAT IN SETTING THE AFFORDABLE SALES PRICE, THE PRIMARY OBJECTIVE OF AUTHORITY AND THIS AGREEMENT IS TO PROVIDE HOUSING TO ELIGIBLE BUYERS AT AN AFFORDABLE SALES PRICE. h1 Ntiq PARTICIPANT'S INITIALS 53240 Avenida Alvarado Castillo -8- DOC #2017-0374719 Page 9 of 27 e. In the event Authority exercises its option to purchase the Property (pursuant to any applicable provision herein), the Affordable Sales Price shall be determined based upon (i) a five percent (5%) down payment; (ii) a thirty-year fixed mortgage at the then -prevailing home mortgage rate for Riverside County, California, as set forth at www.bankrate.com or, if the aforementioned website is no longer available or no longer provides home mortgage rates for Riverside County, at the rate available from a reputable institutional lender reasonably selected by Authority; and (iii) homeowners association fees and a utility allowance determined by Developer, at the time of Authority's purchase. 7. Provision of Tax Records. Participant acknowledges that in the event Authority is audited, Authority may be required to submit the financial information, including tax records, of Participant that were utilized by the Developer to determine Participant's eligibility to purchase the Property. In the event the Developer fails to provide such information to the individual or entity performing the audit of the Authority's activities, Participant agrees to provide such information to Authority, for the sole purpose of satisfying the audit. Upon completion of the audit, Authority shall, if legally able, return all such information to Participant. Participant shall maintain all such financial information for a period of seven (7) years from the date of recordation hereof. 8. Maintenance of Property. Participant shall maintain the improvements and landscaping on the Property in a manner consistent with community standards which will uphold the value of the Property, in accordance with the La Quinta Municipal Code. Participant also agrees to comply with the Agency Declaration, the Developer Documents and Agreements, and all applicable federal, state and local laws and regulations. 9. Occupancy Standards and Requirements. a. The Property shall be used as the principal residence of Participant and for no other purpose. b. Participant shall not enter into an agreement for the rental or lease of the Property, or any portion thereof, or permit the rental of lease of the Property, or any portion thereof. c. The maximum occupancy of the Property shall not exceed the maximum occupancy allowed pursuant to the general requirements of the United States Department of Housing and Urban Development which as of the date of this Agreement is two (2) persons per bedroom, plus one (1) person. d. Participant shall, upon demand by Authority, submit to Authority an affidavit of occupancy verifying Participant's compliance with this Section 9. Said affidavit may be required by Authority on an annual basis. e. Authority may grant a temporary waiver of the above requirements for good cause, in Authority's sole and absolute discretion. 53240 Avenida Alvarado Castillo -9- DOC #2017-0374719 Page 10 of 27 10. Authority Administrator. Authority may contract with a consultant or other person or entity (the "Administrator") to carry out Authority's obligations under this Agreement. Any reference to the duties of Authority herein shall also apply to the Administrator. 11. Income and Asset Information. Participant has submitted an application and additional information verifying income and asset eligibility to Developer prior to execution of this Agreement. Participant represents, warrants and declares under penalty of perjury to Developer and/or Authority that all information Participant has provided and will provide in the future to Developer and/or Authority is and will be true, correct and complete. Participant acknowledges that Authority is relying upon Participant's representations that Participant is an Eligible Buyer, and Authority would not have entered into this Agreement if Participant did not so qualify. Asset eligibility shall be determined pursuant to written policy or regulations adopted by the Authority, as they may be amended from time to time. 12. Participant Financing. Participant shall obtain financing for the purchase of the Property from an institutional third party lender reasonably approved by Authority (the "Lender"). Participant hereby acknowledges that Participant must make a down payment of one percent (1 %) of the purchase price for the Property in connection with the Lender's financing. Nothing in this Agreement shall be construed as a promise or guaranty by Authority that the Participant will qualify for or receive such financing from a Lender. 13. Order of Recordation; Request for Notice. Participant agrees it shall instruct the Escrow Agent for the acquisition of the Property by Participant that the order of recording in the escrow for the purchase of the Property by Participant shall occur as follows: 1) the Grant Deed transferring the Property from the Developer to Participant; 2) this Agreement; 3) the Deed of Trust; 4) a deed of trust securing the Lender's loan (the "First Lien Deed of Trust"); 5) the Developer Deed of Trust (if any); 6) the "Subordination Agreement" (as that term is defined in Section 15 below); and 7) the Developer AHA. Participant shall cause a Request for Notice to be recorded on the Property subsequent to the recordation of each of the First Lien Deed of Trust and Developer Deed of Trust (as applicable) requesting a statutory notice of default as set forth in the California Civil Code Section 2924(b). Such notice shall be sent to: La Quinta Housing Authority, 78495 Calle Tampico, La Quinta, California 92253, Attention: Executive Director. 14. Foreclosure Sale not a Violation of this Agreement. Notwithstanding the requirements hereunder that the Property must be continuously occupied by an Eligible Buyer as the Eligible Buyer's principal residence, a foreclosure, trustee's sale, deed in lieu of foreclosure, or other proceeding or transaction under the First Lien Deed of Trust shall not constitute a default hereunder provided the purchaser of the Property at such sale either (i) qualifies as an Eligible Buyer, assumes Participant's obligations hereunder, by execution of an Assumption Agreement, and thereafter occupies the Property as his or her principal residence; or (ii) sells the Property to an Eligible Buyer within one hundred eighty (180) days after the conclusion of said sale and said Eligible 53240 Avenida Alvarado Castillo -10- DOC #2017-0374719 Page 11 of 27 Buyer assumes Participant's obligations hereunder, by execution of an Assumption Agreement, and thereafter occupies the Property as his or her principal residence. 15. Subordination. Authority agrees to subordinate the Deed of Trust to the First Lien Deed of Trust pursuant to the terms of a subordination agreement, in a form approved by Authority counsel, which requires the Lender or the holder of the promissory note secured by the First Lien Deed of Trust (the "Lender Note") to provide Authority with a written notice of any default under the Lender's loan documents and a right to cure said default, including by purchase of the Property (a "Subordination Agreement"). The Subordination Agreement shall expressly provide that this Agreement shall be and remain in a first priority position, and that this Agreement is not being subordinated to the First Lien Deed of Trust. 16. Indemnification. Participant shall defend, indemnify and hold harmless Authority and Authority's officers, officials, agents, members, employees, representatives, and volunteers from and against any Toss, liability, claim, or judgment relating in any manner to the Property or this Agreement. Participant shall remain fully obligated for the payment of taxes, liens and assessments related to the Property. 17. Insurance. Participant shall maintain, during the term of this Agreement, an all-risk property insurance policy insuring the Property in an amount equal to the full replacement value of the structures on the Property. The policy shall name Authority as loss payee and shall contain a statement of obligation on behalf of the carrier to notify Authority of any material change, cancellation or termination of coverage at least thirty (30) days in advance of the effective date of such material change, cancellation or termination. Participant shall transmit a copy of the certificate of insurance and loss payee endorsement to Authority within thirty (30) days after the effective date of this Agreement, and Participant shall annually transmit to Authority a copy of the certificate of insurance and a loss payee endorsement, signed by an authorized agent of the insurance carrier setting forth the general provisions of coverage. The copy of the certificate of insurance and loss payee endorsement shall be transmitted to Authority as follows: La Quinta Housing Authority 78495 Calle Tampico La Quinta, California 92253 Attention: Executive Director Any certificate of insurance must be in a form, content, and with companies, reasonably approved by Authority. 18. Defaults. Failure or delay by either party to perform any term or provision of this Agreement which is not cured within thirty (30) days after receipt of notice from the other party constitutes a default under this Agreement; provided, however, if such default is of the nature requiring more than thirty (30) days to cure, the defaulting party shall avoid default hereunder by commencing to cure within such thirty (30) day period, and thereafter diligently pursuing such cure to completion. 53240 Avenida Alvarado Castillo -11- DOC #2017-0374719 Page 12 of 27 The injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. Except as required to protect against further damages, the injured party may not institute proceedings against the party in default until thirty (30) days after giving such notice (or such larger period as described in the immediately preceding sentence). Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. Participant's failure to perform, or violation of, any term or provision contained in any of the Developer Documents and Agreements within the time prescribed in the applicable document shall constitute a default hereunder which shall immediately give rise to Authority's right to purchase the Property, in accordance with the process set forth in Section 6. 19. Liquidated Damages for Prohibited Transfer. In the event Authority seeks monetary damages for a Prohibited Transfer, Participant shall be required, to the extent permitted by law, to pay to Authority the entire amount of the "Sale Price" (as defined below) received in excess of the Affordable Sales Price permitted pursuant to this Agreement; provided, however, that nothing herein shall be deemed to limit Authority's remedy for a Prohibited Transfer to seeking monetary damages, and Authority shall be entitled to pursue any other equitable remedy permitted by law, including specific performance or injunctive relief, to prevent a Prohibited Transfer. For purposes of this Section 19, the "Sale Price" is the price to be paid by the buyer of the Property to Participant for Participant's interest in the Property, less repayment of the Lender's note and less repayment of the Developer Note (if such repayment is required, and if so, after repayment of the Authority Note), and after deduction of escrow fees, recording fees, transfer taxes, title insurance costs, broker's commissions, loan fees or any other closing or transaction costs paid by Participant (other than Participant's share of property taxes that are paid at the close of escrow). THE PARTIES HERETO AGREE THAT THE AMOUNT SET FORTH IN THIS SECTION 19 (THE "DAMAGE AMOUNT") CONSTITUTES A REASONABLE APPROXIMATION OF THE ACTUAL DAMAGES THAT AUTHORITY WOULD SUFFER DUE TO THE DEFAULTS BY PARTICIPANT SET FORTH IN THIS SECTION 19, CONSIDERING ALL OF THE CIRCUMSTANCES EXISTING ON THE EFFECTIVE DATE OF THIS AGREEMENT, INCLUDING THE RELATIONSHIP OF THE DAMAGE AMOUNTS TO THE RANGE OF HARM TO AUTHORITY AND ACCOMPLISHMENT OF AUTHORITY'S PURPOSE OF ASSISTING IN THE PROVISION OF AFFORDABLE HOUSING TO ELIGIBLE BUYERS THAT REASONABLY COULD BE ANTICIPATED AND THE ANTICIPATION THAT PROOF OF ACTUAL DAMAGES WOULD BE COSTLY OR INCONVENIENT. THE DAMAGE AMOUNT SET FORTH IN THIS SECTION 19 SHALL BE THE SOLE DAMAGES REMEDY FOR THE DEFAULTS SET FORTH 1N THIS SECTION 19, BUT NOTHING IN THIS SECTION 19 SHALL BE INTERPRETED TO LIMIT AUTHORITY'S REMEDY FOR SUCH DEFAULT TO DAMAGES. IN PLACING ITS 'INITIALS AT THE PLACES PROVIDED HEREINBELOW, EACH PARTY SPECIFICALLY CONFIRMS THE ACCURACY OF THE STATEMENTS MADE ABOVE AND THE FACT THAT EACH PARTY HAS BEEN REPRESENTED BY COUNSEL OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED BY COUNSEL TO EXPLAIN 53240 Avenida Alvarado Castillo -12- DOC #2017-0374719 Page 13 of 27 THE CONSEQUENCES OF THE LIQUIDATED DAMAGES PROVISION AT OR PRIOR TO THE TIME EACH EXECUTED THIS AGREEMENT. PARTICIPANT'S INITIALS: u , AUTHORITY'S INITIALS: Notwithstanding any of the above, nothing herein is intended to preclude Authority's recovery of its attorney's fees and costs incurred to enforce this Section 19, as provided in Section 33. 20. Distribution of Insurance and Condemnation Proceeds. In the event the improvements on the Property are destroyed and insurance proceeds are distributed to Participant instead of being used to rebuild, or in the event of condemnation, if proceeds thereof are distributed to Participant, such proceeds (the "Proceeds") shall be paid and distributed as follows; (i) first, to the holder of the Lender Note, to pay the remaining - balance owed thereon (the "Lender Note Balance"), (ii) second, to the extent Proceeds remain, the difference between the Affordable Sales Price, calculated pursuant to Section 6e above, and the Lender Note Balance, shall be distributed to Participant, and (iii) third, to the extent Proceeds remain, all such remaining Proceeds shall be distributed to Authority. 21. Covenant to Keep Property Drug Free. Participant represents to Authority that Participant shall maintain a drug free environment on the Property. Participant covenants to Authority that Participant and all persons residing on the Property shall not unlawfully manufacture, distribute, dispense, possess • or use controlled substances, as said term is defined in 21 United States Code Section 812 and California Health and Safety Code Section 11007, including, without limitation, heroin, cocaine, and amphetamines on the Property. If Participant or any person residing on the Property is convicted, or pleads guilty or nolo contendere to a charge of unlawfully manufacturing, distributing, dispensing, possessing or using controlled substances on the Property, then such event shall be deemed a default under this Agreement, which shall entitle Authority to exercise its option to purchase the Property at an Affordable Sales Price as set forth in Section 6e of this Agreement within sixty (60) days of Authority's notice of said default. 22. Rights and Remedies are Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by either party of one or more of its rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 23. Covenants to Run with the Land. All conditions, covenants, and restrictions contained in this Agreement shall be covenants running with the land, and shall, in any event, and without regard to technical classification or designation, legal or otherwise, be, to the fullest extent permitted by law and equity, binding for the benefit and in favor of, and enforceable by, Authority and the City of La Quinta ("City") and their respective successors and assigns, against Participant, its successors and assigns, to or of the Property or any portion thereof or any interest therein, and any party in possession or occupancy of said Property or portion thereof. 53240 Avenida Alvarado Castillo -13- DOC #2017-0374719 Page 14 of 27 In amplification and not in restriction of the provisions set forth hereinabove, it is intended and agreed that Authority and the City shall be deemed beneficiaries of the agreements and covenants provided hereinabove both for and in their own right and also for the purposes of protecting the interests of the community. All covenants without regard to technical classification or designation shall be binding for the benefit of Authority and the City and such covenants shall run in favor of Authority and the City for the entire period during which such covenants shall be in force and effect, without regard to whether Authority or the City are or remain an owner of any land or interest therein to which such covenants relate. Authority and the City shall have the right, in the event of any breach of any such agreement or covenant, to exercise all the rights and remedies, and to maintain any action at law or suit in equity or other proper proceedings to enforce the curing of such breach of agreement or covenant. 24. Non -Waiver. Failure to exercise any right Authority may have or be entitled to, in the event of default hereunder, shall not constitute a waiver of such right or any other right in the event of a subsequent default. 25: Recordation; Other Documents. Participant agrees and acknowledges that this Agreement shall be recorded against the Property with the County Recorder of the County of Riverside and shall appear of record with respect to and as an encumbrance to the Property. Participant agrees to execute any other documents reasonably required by Authority or by a participating entity to complete the transaction contemplated hereby. 26. Further Assurances. Participant shall execute any further documents consistent with the terms of this Agreement, including documents in recordable form, as Authority shall from time to time find necessary or appropriate to effectuate its purposes in entering into this Agreement. 27. Governing Law. Participant hereby agrees to comply with all ordinances, rules and regulations of Authority and the City. Nothing in this Agreement is intended to be, nor shall it be deemed to be, a waiver of any Authority or City ordinance, rule or regulation. This Agreement shall be governed by the laws of the State of California. Any legal action brought under this Agreement must be instituted in the Superior Court of the County of Riverside, State of California, or in the Federal District Court in the District of California in which Riverside County is located. 28. Amendment to Agreement. No modification, rescission, waiver, release or amendment of any provision of this Agreement shall be made except by a written agreement executed by Participant and Authority. 29. Authority May Assign. Authority may, at its option and without obtaining the consent of the Participant, assign this Agreement. 30. Participant Assignment Prohibited. In no event shall Participant assign or transfer any portion of this Agreement or any of the other agreements referred to herein without the prior express written consent of Authority. Any such assignment or transfer without the prior express written consent of Authority shall be null and void. 53240 Avenida Alverado_Castilla -14- DOC #2017-0374719 Page 15 of 27 31. Relationship of Participant and Authority. The relationship of Participant and Authority pursuant to this Agreement is that of debtor and creditor and shall not be or be construed to be a joint venture, equity venture, partnership, or other relationship. 32. Notices. Any notices, requests or approvals given under this Agreement from one party to another may be personally delivered, delivered by reputable same-day or overnight courier that provides a receipt with the date and time of delivery, or deposited with the United States Postal Service for mailing, postage prepaid, registered or certified mail, return receipt requested to the following address: To Participant: To Authority: Eduardo Verdugo Castillo Mariana Navarro Melchor 53240 Avenida Alvarado La Quinta, CA 92253 La Quinta Housing Authority 78495 Calle Tampico La Quinta, California 92253 Attn: Executive Director Either party may change its address for notice by giving written notice thereof to the other party. 33. Attorneys' Fees and Costs. In the event that any action is instituted to enforce payment or performance under this Agreement, the parties agree the non - prevailing party shall be responsible for and shall pay all costs, including expert witness fees, and all attorneys' fees incurred by such prevailing party in enforcing this Agreement. 34. Nondiscrimination. Participant covenants by and for itself and any successors in interest that there shall be no discrimination against or segregation of any person, or group of persons on any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any part thereof, nor shall Participant, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Property, or any part thereof. The foregoing covenants shall run with the land. Participant agrees for itself and any successor in interest that Participant shall refrain from restricting the rental, sale, or lease of any portion of the Property, or contracts relating to the Property, on the basis of race, color, creed, religion, sex, marital status, ancestry, or national origin of any person. All such deeds, leases or contracts shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses: 53240 Avenida Alvarado Castillo -15- DOC #2017-0374719 Page 16 of 27 i) In deeds: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the premises herein conveyed, nor shall the grantee or any person claiming under or through him or her, establish or permit any practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the premises herein conveyed. The foregoing covenants shall run with the land." ii) In leases: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: "That there shall be no discrimination against or segregation of any person or group of persons, on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the leasing, subleasing, transferring, use, occupancy, tenure, or enjoyment of the premises herein leased nor shall the lessee himself or herself, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy, of tenants, lessees, sublessees, subtenants, or vendees in the premises herein leased." iii) In contracts: "There shall be no discrimination against or segregation of, any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the premises which are the subject of this agreement, nor shall the grantee or any person claiming under or through him or her, establish or permit any practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the premises herein conveyed. The foregoing covenants shall run with the land." The covenants established in this Agreement shall, without regard to technical classification and designation, be binding for the benefit and in favor of Authority, its successors and assigns, Authority and any successor in interest to the Property, together with any property acquired by the Participant pursuant to this Agreement, or any part thereof. The covenants against discrimination shall remain in effect in perpetuity. 53240 Avenida Alvarado Castillo -16- DOC #2017-0374719 Page 17 of 27 Notwithstanding the foregoing, the Participant acknowledges and agrees that during the Covenant Period, Participant shall occupy the Property as Participant's principal residence and shall not rent or lease the Property. 35. Entire Agreement. This Agreement, together with all attachments hereto, constitutes the entire understanding and agreement of the parties. This Agreement integrates all of the terms and conditions mentioned herein or incidental thereto, and supersedes all prior negotiations, discussions and previous agreements between Authority and , Participant concerning all or any part of the subject matter of this Agreement. 36. Authority. Each signatory hereto warrants to the other party that it has authority to sign on behalf of the party for whom it purports to sign. 37. Joint and Several Liability. Where Participant consists of more than one person, each constituent person shall be jointly and severally liable for all covenants, conditions, representations, warranties and other obligations of Participant under this Agreement; and any act or failure to act by any of those persons shall constitute an act of Participant hereunder. 38. Non -Liability of Officers and Employees. No officer, official, member, employee, agent, or representative of Authority shall be personally liable to Participant, or any successor or assign of same, in the event of any default or breach by Authority, or for any amount which may become due to Participant, or any successor or assign of same, or for breach of any obligation of the terms of this Agreement. 39. Time of Essence. Time is 'of the essence of every portion of this Agreement in which time is a material part. 40. Interpretation; Severability. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party hereto by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. The Section headings are for purposes of convenience only, and shall not be construed to limit or extend the meaning of this Agreement. Each provision of this Agreement shall be severable from the whole. If any provision of this Agreement shall be found contrary to law, the remainder of this Agreement shall continue in full force. 41. Integration; Amendment. It is understood that there are no oral agreements between the parties hereto affecting this Agreement, and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties with respect to the subject matter hereof, and none shall be used to interpret this Agreement. This Agreement may be amended at any time by the mutual consent of the parties by an instrument in writing. 53240 Avenida Alvarado Castillo' -17- DOC #2017-0374719 Page 18 of 27 42. Counterparts. This Agreement may be executed in counterparts, each of which, when this Agreement has been signed by each of the parties hereto, shall be deemed to be an original. 53240 Avonida Alvarado Castillo [Signatures on next page] -18- DOC #2017-0374719 Page 19 of 27 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year written below. Date: Q j — / , 2017 S kI "Participant" EDUARDO VERDUGO CASTILLO and MARIANA NAVARRO MELCHOR, husband and wife as joint tenants By:: EE_k.c s(An X1.\JL C. EDUARDO VERDUGO CASTILLO By: p v °cam i\)Qr,000 MA IANA NAVARRO MELCH R "Authority" LA QUINTA HOUSING AUTHORITY, a public body, corporate and politic Date: _ , 2017 By: ATTEST: Susan Maysels, Authority Secretary APPROVED AS TO FORM. RUTAN & TUCKER, LLP Allisv LeMoine-Bui Authority Counsel 53240 Avenida Alvarado Castillo -19- Steve Howlett, Acting Executive Director DOC #2017-0374719 Page 20 of 27 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year written below. Date: "Participant" EDUARDO VERDUGO CASTILLO and MARIANA NAVARRO MELCHOR, husband and wife as joint tenants ,2017 BY: :E Ycc) •C• EDUARDO VERDUGO CASTILLO 1 _ 0,0 641-celr 2o- v Date: I u'3 US* ,2017 ATTEST: Susan -Mays s; Au -ity--Secretary Monika Radeva, A ting Authority Secretary By: Ir v? p'f `k\ CI I .rw U o ! ()'l 0l MARIANA NAVARRO MELCHOR "Authority" LA QUINTA HOUSING AUTHORITY, a public body, corporate and p litic Steve Howlett, Acting xecutive Director APPROVED AS TO FORM: RUTAN & TUCKER, LLP ti Aliisoi LeMoine-Bui Authority Counsel 53240 Avenida Alvarado Castillo -19-. DOC #2017-0374719 Page 21 of 27 A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Riverside On U -as -t % 7 , before me, rr1 e 0 l e } -0 , (insert name and title of the officer) Notary Public, personally appeared STEVE HOWI_ETT, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature 53240 Avenida Alvarado Castillo • -20- (Seal) PAMELA NIETO Commission N 2111660 L Notary Public • Callibrhl$ 2 Riverside Counly Comm. Expires Ma 15, 2019 DOC #2017-0374719 Page 22 of 27 Notary Seal Under the provisions of Government Code 27361.7, I certify under the penalty of perjury that the Notary Seal on the document to which this statement is attached reads as follows: Name of Notary: Commission #: Pa ni-e,6 2 \\k G9Le0 Date Commission Expires: County where Bond is filed: Vendor: STio V -Ws idLL NR),Pr-1` Place of Execution: Redlands, CA Date: 0) lc,- I Signature: Guerrero DOC #2017-0374719 Page 23 of 27 A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Riverside On Se 1-€m r 1 (20 before me, L r Cun (insert name and title of the officer) Notary Public, personally appeared EDUARDO VERDUGO CASTILLO and MARIANA NAVARRO MELCHOR, who proved to me on the basis of satisfactory evidence to be the persona, whose name® it/ subscribed to the within instrument and acknowledged to me that heNhele executed the same in hislhdr/ i authorized capacity, and that by hit/herhel signatures on the instrument the person®, or the entity upon behalf of which the person& acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature L. ®U 6 A N Comm, #2161092 Ai Notary Public-Caiifornla teA Riversiab County My Cornmission Expires January 23, 2021 i'= 53240 Avenida Alvarado Castillo -21- (Seal) DOC #2017-0374719 Page 24 of 27 Notary Seal Under the provisions of Government Code 27361.7, I certify under the penalty of perjury that the Notary Seal on the document to which this statement is attached reads as follows: Name Notary: Durano - Commission #: Date Commission Expires: County where Bond is filed: Vendor: 2 -IN 10cz or) z3,2_02_1 R iv+�sic�, Place of Execution: Redlands, CAS fl 1 Date: Signature: 3verrero DOC #2017-0374719 Page 25 of 27 EXHIBIT "A" LEGAL DESCRIPTION OF THEPROPERTY That certain real property located in the City of La Quinta, County of Riverside, State of California and described as follows: LOT 13 IN BLOCK 175 OF SANTA CARMELITA AT VALE LA QUINTA, UNIT #18, AS PER MAP RECORDED IN BOOK 19, PAGES 30 AND 31 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; EXCEPTING THEREFROM ONE -SIXTEENTH OF ALL COAL, OIL, GAS AND OTHER MINERAL DEPOSITS IN SAID LAND, AS RESERVED IN THE PATENT FROM THE STATE OF CALIFORNIA, RECORDED JULY 26, 1934 IN 'BOOK 182 PAGE 463 OF OFFICIAL RECORDS OF, RIVERSIDE COUNTY, CALIFORNIA. APN: 774-044-012-3 53240 Avenida Alvarado Castillo Exhibit "A" 53240 Avenida Alvarado Castillo DOC #2017-0374719 Page 26 of 27 EXHIBIT "B" NOTICE OF INTENT TO TRANSFER [See attached] Exhibit "B" From: DOC #2017-0374719 Page 27 of 27 NOTICE OF INTENT TO TRANSFER NOTICE OF INTENT TO TRANSFER MUST BE DELIVERED TO HABITAT FOR HUMANITY OF THE COACHELLA VALLEY, INC. AND TO THE LA QUINTA HOUSING AUTHORITY PRIOR TO PROCEEDING WITH ANY TRANSFER OF THE PROPERTY. ("Owner") To: La Quinta Housing Authority 78495 Calle Tampico La Quinta, California 92253 Attn: Executive Director Re: Habitat for Humanity of the Coachella Valley, Inc. P.O.. Box 11738 Palm Desert, CA 92255 Attn: Project Officer 542#veu lam. 4 ZvA.1et*Do 1-0r 0)1i1...Cr'A! ‘122.53 (the "Property") Owner desires to [sell, convey, transfer by inheritance or devise, lease, gift, otherwise transfer] (circle appropriate words) the Property. Date: 5- 53240 Avenida Alvarado Castillo Signature of Owner (WO) 777 - 703 0 Day time telephone of Owner -1-