Notice of Affordability Restrictions on Transfer of Property 2011-0697354x
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RECORDED AT THE-REQUEST OF
CHICAGO TiTLE COMPANY
SUBDIVISION" DEPT."
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vw, � •
Poway Housing Authority
13325 Civic Center Drive
DEC 27, 2011 4:17 PM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
Ernest J. Dronenburg, Jr., COUNTY RECORDER
FEES.- 30.00
Poway, CA 92064 � PAGES: 6
Attn: ExeCU11ve Director I�Nh�INN�WIIII�IINN81�NwuuIII�INN�INWGNII�INIII�
NOTICE OF AFFORDABILITY RESTRICTIONS OIL
TRANSFER OF PROPERTY
8642 ( Powa Housing Authority- SHOP Program)
MODERATE INCOME HOUSEHOLD
NOTICE IS HEREBY GIVEN, that the Poway Housing Authority (the "Housing
Authority "), to carry out certain obligations under the Community Redevelopment
Law of the State of California (Health and Safety Code Section 33000 et seq.), and
the Redevelopment Plan for the Paguay Redevelopment Project, has required
Seunghyun Oh and Seomee Yun a California Resident (the "Owner ") to enter
into certain affordability covenants and restrictions entitled, Occupancy,
Refinancing, and Resale Restriction Agreement and Option to Purchase (the
"Restrictions "), with reference to certain real property (the "Property "), located at
12811 Dakota Street, Poway, Sin Diego County, Assessor's Parcel No. 317 -350-
50, 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:
1. The Property is restricted for resale to moderate income households at a
purchase price affordable to moderate income households.
2. The owner must occupy the Property as the Owner's sole residence.
3. The Owner must give notice to the Housing Authority before resale of
the Property.
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \566709.4
4. The Owner is prohibited from further pledging the Property-as security
for any debt and Owner must obtain Housing Authority 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 on `�� �, �o // , as
Document /Instrument NoJakc -O&I'l 3 -5`, and shall remain in effect for forty -
five (45) years, commencing on DfL . -i I and terminating on
Dee-- . a--?- 9 20s
This Notice is being recorded and filed by the Housing Authority in compliance
with Health and Safety Code Sections 33334.3 and /or Section 33413, as amended
effective this date, and shall be indexed against. the Housing Authority 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.
Housing Authority:
Poway Housing Authority
Penny Ri ey
Title: &ecutiv ''Dir for
2
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
15521031566709.4
e)
(Ty ame)
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On 20 /.l , before me, personally
roved to
appeared �,v,�y )� r L E y who p
me on the basis of satisfactory evidence to be the personW whose name(,) is /d*
subscribed to the within instrument and acknowledged to me that ke /she /tl
executed the same in �s/her /tr authorized capacity(ikk), and that by,s/her /tl}ir
signature(.)„ on the instrument the person or the entity upon behalf of which the
person() 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 (SHOP)
1552 \03 \566709.3
PHYLLIS SHINN
Commission * 1956215
`"�'� Notary Public • California =
San Diego County
M Comm• i:x fires Nob 9, 2015
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
OnZ 20 before me J�0 sonall
99 I
appeared , who proved to
me on the basis Of satisfactory evidence to be the person(s) whose name(s is are
subscribed to the within instrument and acknowledged to me tha �e she /they
executed the same iher /their authorized capacity(ies), and that b her /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.
PATTY N. SMITH
4- COMM. #1936961 o
o NOTARY PUBLIC - CALIFORNIA 0
SAN DIEGO COUNTY�,a'
My Commission Iacp
JUICE 13 201 % ires
, ires
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
;�j �On 20 before me a � er'Onall 1 �/ , p y
appeared —15 e6 11wif who proved to
me on the basis of satisfactory evidence to be the person(s) whose name(s)0are
subscribed to the within instrument and acknowledged to me that he he the
executed the same in histheir authorized capacity(ies), and that by his e their
signature(s) on the instrument the person(s) or the entity upon behalf of which the
person(s) acted, executed the instrument.
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.
0
Notice of Affordability Restrictions (SHOP)
15521031566709.3
PATTY N. SMITH
COMM. #1935981 0
NOTARY PUBLIC - CALIFORNIA 0
SAN DIEGO COUNTY !
My Commission Expires
JUNE 13 2015
EXHIBIT A
A -1
Notice of Affordability Restrictions (SHOP)
15521031566709.3
M
EXHIBIT "A"
LEGAL DESCRIPTION 86
�'
LOT 11 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