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Home My WebLink AboutRecorded Doc 2009-046 I?Z�'' r ;�. •• � � i . 1328 2010-0564973 �. DOC # 2QQ9-4564973 z 11/02/2009 08:00A Fee:NC RECORDING REQUESTED BY: ) Page 1 of 6 � 1 Recorded in Official Records � � County of Riverside � REDEVELOPMENT AGENCY OF ) �arry W. Ward = THE CITY OF CATHEDRAL CITY � Assessor , County Clerk & Recorder �WHEN�CO�ED��TO: � IIIIIIIIIIIIIIIIIIII > Illillllllilllllllllllllllllllllill � REDEVELOPMENT AGENCY OF ) � THE CTTY OF CATHEDRAL CITY � S R U PAGE SIZE DA MISC LONG RFD COPY f 68-700 Avenida Lalo Guerrero ) �' Cathedral City, CA 92234 ) �' M A L 465 426 PCOR NCOR SM NCHG Exa'M �` Attn: Agency Secretary ) �_ � APN:677-362-003 ) Iv C � �' ` f k` (Space Above for Recorder's Use) � Exempt from Recording Fees Per Government Code Section 27383 � ! ',%- �� F i �; � NOTICE OF AFFORDABILITY RESTRICTIONS ' �' �? � ON TRANSFER OF PROPERTY � � DREAMHOMESREVI7'ALIZATIONPROGRAM (DHRP) ; � �: Important notice to owners, purchasers, tenants, lenders, brokers, escrow and dtle companies, and other � persons, regarding ajjordable housing resd•ictions on the real property described in this Notice: Y � Restrictions have been recorded with respect to the property described below (referred to in this Notice as the �' "Propert}�') which restrict the price and tem�s at which the Property may be sold or rented. These reshictions % may limit the sales price or rents of the Property to an amount which is less than the fair market value of the � Property. These restrictions limit the income of persons and households who are permitted to purchase the � Property. ` � � Tifle of Document Containing Affordable House Restrichons: � � Declaration of Covenants, Conditions and Restrictions: Dream Homes Revitalization Program (referred to in this r �` Notice as the "CC&Rs"). � 4 The CC&Rs are recorded concurrently with this Notice, official records of the County of Riverside, State of � x � Califomia. � & � Paraes to CC&Rs: �' � Redevelopment Agency of City of Cathedral City (the "Agency"); and $ � t � Pedro Lerma and Concepcion Lerma, husband & wife as Joint Tenants("Owner"). � Legal Description of Property: Lot 462 of Palm Springs Country Club Estates Unit #2, as per map recorded in ; book 32 pages 17 and 18 of maps, in the otlice of County Recorder of Riverside County, California. Street Address of Property:31214 San Joaquin Drive, Cathedral City, California 92234. � Assessor's Parcel Number of Property:677-362-003 4 � � �, ( g t �' � � ,if '' ' � . � Summary of CC&Rs: This Document restricts the sales price which may be charged for the sale of the ownership housing unit on the - Pmperty, as follows: Eguitv narticipation clause (see CC & R's). This Document restricts the income level of the tenant or buyer of the Property, as follows: Below 120% of area median income Term of Restrictions: Forty-five (45) years, commencing on October I5, 2009 and terminating on � October 15, 2054 or until such time as Owner repays the Loan in full and remits the Equity Participation to the Agency and any other amounts due the Agency under the CC&Rs, whichever occurs first, as those terms are defined in the CC&Rs and as more fully described in the CC&Rs. This Notice does not contain a full description of the details of all of the tenns and conditions of the CC&Rs. You � will need to obtain and read the CC&Rs to fully understand the restrictions and requirements which apply to the � Property. This Notice is being recorded and filed in compliance with Health and Safety Code Section 333343(�(3) and (4), and shall be indexed against the Agency and the current Owner of the Pmperty. Dated: / � � �-l� ! � � � � OWNER � (. / / z �.��-'Ir�f/ ✓ v ,•''` B}7;� / % �� Owner � BY(� - �d�`�i.�--� - l.r� ; � $ Owner Y z Dated: / G Z� �` J REDEVELOPMENT AGENCY OF CITY OF CATHEDRAL CTI'Y + By: ��. 1. � � - ti Executive Director By. u�� %�� x �;{; Secretary � �F�Fa�i-F�5F_;49? i I IIIIII�IIIII�IIIIIIIIIII 11.'Fac�`raFif r N��H E - IIIIII IIIIIII IIIII II IIIIII IIII � I i CATH/0010-12/DOC/010-3.doc � `€: . � t � rs ' �' � �: � �. CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT � . � � � � State of California ) � ) � County of Riverside ) � � -�`- � On •c�w �� , before me, Arleen Lonct, Notarv Public � Date Here Insert Name and Title of the Officer � Personally appeared Pedro Lerma and Conceacion Lerma � Name(s) of Signer(s) � � � � � � � 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 that �iefshelthey executed the same in � �hisftieritheir authorized capacity(ies), and that by �/their � signature(s) on the instrument the person(s), or the entity upon � �� behalf of which the person(s) acted, executed the instnunent. � �lolary llvMe • C�l� � �� Cp� I certify under PENALT'Y OF PERJL7RY under the laws of the � x M�r Co�wh, aq�. State of California that the foregoing paragraph is true and correct. � WITNESS my hand and official seal. � �: Si atur � gn � k Pkce Notary Seal Above � E � OPTIONAL F �: � i � � � � � � � �: � r � �f�Fa�-F�5�;49�' � IIIIIIIIIIIIIIIIIIIIII�IIIIIIIIIIIIIII�IIIIII�I 11.'E1c,'cOE� �:_ E+OF I I IIIIII I � 4 � � � � � s a �:. � � . � ,� . � � . � � � � � F RNIA ALL-P RP SE ACKNOWLEDGMENT � CALI O U O � � � � € State of California ) � ) ` County of Riverside ) � On Q�� before me Arleen Lon Nota Public � �� , , � Date Here Insert Name and Title of the Officer � Personally appeared Donald E. Bradlev � Name(s) of Signer(s) � � � � E' � who proved to me on the basis of satisfactory evidence to be the � person(� whose name(�j is/�re-subscribed to the within instrument � and acknowledged to me that he/� executed the same in .�i�M�.+�,�, his/l�edthea authorized capacity(�, and that by his�� ' � s �� signatur� on the instrument the person(� , or the entity upon � F �� +� .� behalf of which the person(�'j acted, executed the instiument. ` �M�Mw C�MN�t � w�1p�, py� I certify under PENALTY OF PERJLTRY under the laws of the State of California that the foregoing paragraph is true and conect. � � �_ WTTNESS my hand and official seal. � � � � � � � � Signature � � Place Notary Seal Above � OPTIONAL � f � � � � € � � � � r � t � ,- � � � n i � I IIIIII IIIIIII IIIII II IIIIII IIIIII! IIIII III IIIII IIII IIII 11, f�`,� �Sh��'Fl6if{ tg € �. S � € , � � • � . - � . �, k � f � € f CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT € � � � ; �: State of California ) ; ) � County of Riverside ) �: On � �/' � (,�, oZ (P , �OQ y , before me, Arleen Lonq, Notarv Public �; Date Here Insert Name and Title of the Officer Personally appeared Bess McGladrev �: Name(s) of Signer(s) � �- � s f � who proved to me on the basis of satisfactory evidence to be the 4 person(�fj whose name(� is/�+e subscribed to the within instrument � and acknowledged to me that �eJshe/tke}-executed the same in � �►islher/t� authorized capacity(�, and that by �is/her/t� � Ml� N LONG signature(� on the instrument the person( , or the entity upon � �� behalf of which the person(� acted, execut�the instiument. Maby /1ao • CdMb�nlo � �� I certify under PENALTY OF PERJURY under the laws of the � t �� ' State of California that the fore oin ara h is true and correct. g gP �P � WITNESS my hand and official seaL � �. � � � � Signature �° t Place Notary Seal Above � OPTIONAL �` ; 's= � � E � # i � F i � i �• � �F�� • � I IIIIIIIIIIIIIIIIII�IIIIIIIIII 11 E�c �ra9 F P F�RR � I I I IIIIII III'III IIIII II IIII� � � � i � � i � � � � F r € t Y [ � `� LARRY V� WARD xe�oraer �' P.O. Box 751 � COUNTY OF RIVERSIDE Riverside, CA 92502-0751 € R ` ASSESSOR-COUNTY CLERK-RECORDER (951)486-7000 �' . �. � �: . • www.riversideacr.com � � E �. NOTARY CLARITY � � � Under the provisions of Government Code 27361.7, I certify under the penalty of perjury � that the notary seal on the document to which this statement is attached reads as ; follows § z � � g � Name of Notary: � n � � � r � Commission #: 1 � � �D �7 � � � � � Place of Execution: J2 �. J��r j�� , � Date Commission Expires: � � . S (� � � � � (� c�� . �-- � � � S � Date: � � � ; Signature: � � � Print Name: �`�" � � } � � � � � � � � � i s i i � i ! s � s ! �Fayy-05F�4y?3 � I I I IIIIII IIIIIII IIIII II IIIIII IIIII�I IIIII III IIIII IIII IIII 11. F�` 'EFOf 6:� �10N = ! E I ACR 186P-AS4RE0 (Rev. 09/2006) Available in Altemate Formats � � � 4 [