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RECORDING REQUESTED BY AN[) WHEN RECORDED MAIL TO: The Redevelopment Agency of the City of Riverside 3900 Main Street Suite 500 Riverside, CA 92522 Attn: Executive Director Exempt f¥om Recording Fees per Government Code §27383 DOC # 2004--0063764 M $ U PAGE SIZE DA PCOR NOCOR SMF MISC AGREEMENT TERMINATING AND EXPUNGING REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS FOR OWNER-OCCUPIED PROPERTY KNOWN AS LOT 15 OF TRACT NO. 29501 ARTICLE 1. PARTIES 1.1 This Agreement Terminating and Expunging Regulatory Agreement and Declaration of Restrictive Covenants for Owner-Occupied Property known as Lot 15 of Tract 29501 ("Expungement Agreement") is entered into this 28th day of January ,2004 between The Redevelopment Agency of the City of Riverside ("Agency"), a California public agency and Riverside Mission Village LLC ("Owner"), a California limited liability company. ARTICLE 2. RECITALS 2.1 Owner is the fee simple owner of that certain parcel of real property commonly known as Lot 15 of Tract No. 29501, Riverside, California ("Property") upon which Owner has constructed has a single family residential unit and which is more fully described as: Lot 15 of. Tract No. 29501, in the City of Riverside, County of Riverside, State of Calif0mia, as per Map recorded in Book 326 of Maps, Pages 1 through 4, inclusive, in the Official Records of the County Recorder of said County. 2.2 Owner and Agency have previously executed and caused to be recorded against the Property that certain "First/Market Streets Regulatory Agreement and Declaration of Restrictive Covenants for Owner-Occupied Property known as Lot 15 of Tract No. 29501) ("Regulatory Agreement"), which was recorded in Riverside County Official Records on November 8, 2002 as Document No. 2002-648545. The Regulatory Agreement was recorded against the Property pursuant to that certain "First/Market Streets Disposition and Development Agreement and Escrow I{VPUB\KKR\666(I 12 1