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NO RECORDING FEE AS PURSUANT <br />TO GOVERNMENT CODE 6103 <br /> <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED RETURN TO: <br /> <br />City of Riverside <br /> <br />Redevelopment Agency <br /> th <br />3900 Main Street, 5 Floor <br />Riverside, CA 92522 <br />Attn: Gae Galvan <br /> <br />DOC~tt 2003--292009 <br /> e]RIE4/2ee3 os:eoR Fee:NC <br /> P&ge ~ <br /> Recorded In 0¢¢i0ia1 Records <br /> County 0¢ Riverside <br /> Gary L. <br /> Rasassor, Courtly Clerk & Recorder <br /> II II I Ill II IIIIII III <br /> <br /> LOAN AGREEMENT <br /> <br />(La Sierra Apartment Owners) <br /> <br />THIS AGREEMENT is made as of this ~,1 day of ~ <br /> <br /> ,2003, by and between <br />Dana L. Haynes, a married man, as sole and separate property ("Owner") and the REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE, a political subdivision of the State of California ("Agency") <br />and is made with reference to the following facts: <br /> <br />RECITALS <br /> <br /> A. Owner is the owner of certain real property located in the City of Riverside, <br /> <br />California, more particularly described in Exhibit "A" attached hereto (the "Property"). The Property <br />consists of one or more multi-residential housing units, as further described in Exhibit "A". <br /> <br /> B. California statues authorize the Agency to assist with the refurbishing and <br />rehabilitation of certain types of real property. In furtherance of such purpose, the Agency has adopted <br />the residential loan program described herein. <br /> <br /> C. Upon proper qualification by Owner and the Property, the loan program <br /> <br />described herein may be used to fund refurbishing and rehabilitation of the Property by Owner. The <br />party's desire by this Agreement to set fl~rth the terms and provisions, under which Owner and the <br />Property may qualify for, obtain and repay such funding by the Agency. <br /> <br />THIS INSTRUMENT FILED FOR RECORD <br />BY FIRST AMERICAN TITLE INSURANCE <br />COMPANY AS AN ACCOMODATION <br />ONLY. IT HAS NOT BEEN EXAMINED AS <br />TO ITS EXECUTION OR AS TO ITS <br />EFFECT UPON THE TITLE <br /> <br /> <br />