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R <br />l' <br />u <br />REWR®INO RE@UEI M fifY <br />FIRST AMERICAN TITLE INSURANCE COMPANY <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED MAIL TO: <br />CITY OF RIVERSIDE <br />3900 Main Street, 5th Floor <br />Riverside, CA 92522 <br />Attn: Housing Manager <br />Project: Down Payment <br />Assistance Program <br />APN: 151-051-007-8 <br />- D4C # 2009-0070835 <br />02/13/2009 08:00A Fee:60.00 <br />Page 1 of 18 <br />Recorded in official Records <br />County of Riverside <br />Larry W. Ward <br />Assessor, County Clerk & Recorder <br />11111111111111111111111111111111111111111111111111 IN <br />S <br />R <br />U <br />PAGE <br />SIZE <br />DA <br />MISC <br />LONG <br />RFD COPY <br />M <br />A <br />L <br />465 <br />426 <br />PCOR <br />NCOR <br />SMF <br />HG EXAM <br />I <br />T: <br />CTY <br />UNI <br />(SPACE - <br />AGREEMENT AND COVENANTS, CONDITIONS Le <br />AND RESTRICTIONS AFFECTING REAL PROPERTY E~ <br />INCLUDING OWNER-OCCUPANCY RESTRICTION <br />THIS AGREEMENT AND COVENANTS, CONDITIONS AND RESTRICTIONS <br />AFFECTING REAL PROPERTY INCLUDING OWNER-OCCUPANCY RESTRICTION <br />("Agreement") is entered into this 29th day of January, 2009 (the "effective date"), by and between <br />the CITY OF RIVERSIDE, a California charter city and municipal corporation, ("City") and Ana <br />Patricia Ramirez, as a single woman ("Owners"), with reference to the following facts: <br />RECITALS <br />WHEREAS, The City has approved and implemented a Down Payment Assistance Program <br />("Program"), under which the City will provide a subsidy to Eligible Persons and Families towards <br />the purchase of a residence. The City intends that the subsidy, a deferred-payment mortgage loan, <br />provided by the Program will assist first time homebuyers who are Eligible Persons and Families to <br />purchase residential property for owner-occupancy at affordable housing cost; and <br />WHEREAS, the Program will be funded with money from the formula HOME Investment <br />Partnership (HOME) and American Dream Downpayment Initiative (ADDI) allocation from the <br />United States Department of Housing and Urban Development; and <br />WHEREAS, the Owners are the owners of the certain real property known as 5906 Noble <br />Street, Riverside, CA 92503 (the "Property"), which is described on Exhibit A attached hereto and <br />incorporated herein by reference, which will benefit from the Program; and <br />WHEREAS, the City and the Owners have agreed to impose certain continuing obligations <br />related to and on the Property; and <br />