Notice of Affordability Restrictions on Transfer of Property 2010-0049843C� RECORDED AT THE REOUESTOF `DOC# 2010_0`049$43
CHICAGO TITLE COMPANY
IIIIIII I VIII IIII IIII VIII II I VIII III I II II VIII VIII I I IIII
�l�>�ulvlslaN btP°E t
^j f
RECORDING-REQUESTED BYAND JAN 29, 2010 3:53 PM
y� WHEN RECORDED MAIL TO: i
OFFICIAL RECORDS
N DIEGO COOrITY RECORDER'S OFFICE
E ID L BUTLER urlrr RECORDER Poway'Redevelopment Agency FE`
13325 Civic Center Drive Q PAGES: 6
Poway, CA 92064 i�8a IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Attn: Executive Director
1 000 --U.12
NOTICE OF AFFORDABILITY. RESTRICTIONS ON
TRANSFER OF PROPERTY
(Poway Redevelopment Ageney= SHOP Program)
MODERATE INCOME HOUSEHOLD
NOTICE IS HEREBY GIVEN, that the Poway Redevelopment Agency (the
"Agency "), to carry out certain obligations under the Community Redevelopment
Law of the State of Califomia.(Health and Safety Code.Section 33000'et�seq.), and
the Redevelopment Plan for the Paguay Redevelopment Project, has required Sung
Nhi Thai, a California Resident (the "Owner ") to enter into certain affordability
covenants and restrictions entitled, Agency Resale Restriction Agreement and
Option to Purchase (the "Restrictions "), with reference to certain real property (the
"Property "), located at 12922 Metate Lane, Lot 3, Poway, San Diego County,
Assessor's Parcel No. 317- 350 -42, and further described in;Exhibit A, incorporated
herein by reference.
The affordability covenants and restrictions contained in the Restrictions include
without limitation and as further described in the Restrictions:
The Property is restricted for resale to low or moderate income
households at a purchase price affordable to low or moderate income
households.
The owner must occupy the Property as the Owner's sole residence.
The Owner must give notice to the Agency before resale of the Property.
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1 552 \03 \566709 3
4. The Owner is prohibited from further pledging,the Property as security
for. any debt and Owner -must obtain Agency approval prior to
refinancing existing encumbrances.
This Notice of Affordability Restrictions on Transfer of Property (the "Notice ") is
recorded for the, purpose,of providing notice only, and it in no way modifies the
provisions of the Restrictions. In the event of any conflict between this Notice and
the Restrictions, the terms of the Restrictions shall prevail.
The, Restrictions have been recorded concurrently herewith as
,Document /Instrument No.dPy9 tt`i o and shall remain in effect for forty -five
(45) years, commencing on the j, IO and terminating on
206S_
This Notice is being recorded and filed by the Agency incompliance with Health
and Safety Code Sections 33334.3 and /or Section 33.413, as amended effective this
date, and shall be indexed against the Agency and the Owner.
IN WITNESS WHEREOF, the parties have executed this Notice of Affordability
Restrictions on Transfer of Property on or as of the date first written above.
AGENCY: OWNER:
Poway Redevelopment Agenrc}i
By:
Title: Executive Director
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \566709 3
(Type Name)
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On NN Tq 200 ►, bef re me," vYIG1 �j�C ersonally
appeared 1 VA , who proved to
me on.the basis,of satisfactory Kidence to be the rerson(,,g) whose nameK)QarU
subscribed to the within instrument and acknowledged to me that WshElMcy
executed the same in Cis authorized capacity(i4, and that by is teir
signature(s) on the instrument the person(s' or the entity upon behalf of which the
personal acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State ofCalifornia
that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
On , 200 , before me,
appeared
, personally
who proved to
me on the basis of satisfactory evidencet6 be the person(s) whose name(s) is /are
subscribed. to the within instrument apdacknowledged to me that he /she/they,
executed the same in h* /h thorized capacity(ies), and that by his/her /their
signature(s) on.the instrument t person(s) or the entity upon behalf of which the
person(s) acted, executed the ument.
I certify under PENALT �OF PERJURY under the laws of the State of California
that the - foregoing par raph is true and correct.
WITNESS my h d and official seal.
Notice of Afordability Restrictions (SHOP)
14883
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
befor`_ > pe ovally
appeared — s!G/r� 4 /ltt who proved to
me on the basis of satisfacreory evidence to be the person(s) whose' e( is/ re
subscribed to the within instrument and acknowledged to me th he/ he /they
executed the same i is er /their authorized capacity(ies), and that his er /their
signature(s) on the instrument the person(s) or the entity upon behalf of which the
person(s) 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.
Notice of Affordability Restrictions (SfIOP)
1552 \03 \566709 ]
PATTY N. SMITH
COMM. #1746683
n m NOTARY PUBUC•CAUPORNIA1�i
SAN DIEGO COUNTY n
My Commission Expires
JUNE 13, 2011
EXHIBIT .A 14884
Legal Description
��=- U-100,
A -1
Notice of Affordability Restrictions (SHOP)
1552\03 \566709 3
Order No.: PSI 751003 -U12
LEGAL DESCRIPTION 14885
1
LOT 3 OF CITY OF POWAY TRACT NO. 06,06 THE MEADOWS, IN THE CITY OF POWAY,
COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO.
15743, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH
5, 2009.
END OF LEGAL DESCRIPTION
END OF LEGAL DESCRIPTION
CLTA Preliminary Report Fonn - Modified (11- 17 -06)
Page 3