ROBISON, JIM KENNETH - Laserfiche WebLink

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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE 3900 Main Street, 5th Floor Riverside, CA 92522 Attn: Housing Manager Project: Down Payment Assistance Program APN: 132-162-005 Coiriol (SPACE ABOVE THIS LINE RESERVED FOR RECORDER=S USE) AGREEMENT AND COVENANTS, CONDITIONS AND RESTRICTIONS AFFECTING REAL PROPERTY INCLUDING OWNER-OCCUPANCY RESTRICTION THIS AGREEMENT AND COVENANTS, CONDITIONS AND RESTRICTIONS AFFECTING REAL PROPERTY INCLUDING OWNER-OCCUPANCY RESTRICTION ("Agreement") is entered into this 12th day of January, 2010 (the "effective date"), by and between the REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, a public body corporate and politic, ("Agency") and Jim Kenneth Robison, as a married man as his sole and separate property ("Owners"), with reference to the following facts: RECITALS WHEREAS, the Agency has approved and implemented a Down Payment Assistance Program ("Program"), under which the Agency will provide a subsidy to Eligible Persons and Families towards the purchase of a residence. The Agency intends that the subsidy, a deferred- payment mortgage loan, provided by the Program will assist first time homebuyers who are Eligible Persons and Families to purchase residential property for owner-occupancy at affordable housing cost; and WHEREAS, the Program will be funded with money from Agency's low and moderate income housing set aside fund as described in Health & Safety Code section 33334.2 ("Fund"); and WHEREAS, the Owners are the initial owners of the certain real property known as 3444 Revere Road, Riverside, CA 92503 (the "Property"), which is described on Exhibit A attached hereto and incorporated herein by reference, which will benefit from the Program; and WHEREAS, the Agency and the Owners have agreed to impose certain continuing obligations related to and on the Property; and I