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<br />Mental Health Association of San Mateo County ("Owner"). <br /> <br />Legal Description of Property: See Exhibit "A" attached hereto and incorporated <br /> <br />herein by this reference. <br /> <br />Street Address of Property: Cedar Street <br /> <br />Redwood City, California <br /> <br />Assessor's Parcel Number of Property: 053-188-080 <br /> <br />Summary of Affordable Housing Restrictions: <br /> <br />This Document restricts the amount of rent which may be charged for the Restricted <br />Units to affordable rent in accordance with the terms of the Affordable Housing <br />Restrictions and applicable law. <br /> <br />This Document restricts the income level of persons who may rent the Restricted <br />Units on the Property to persons or families of very low income, as that term is <br />defined by California Health and Safety Code section 50105, earning less than fifty <br />percent (50%>) of the current annual median income for the San Mateo County area, <br />adjusted for family size appropriate to the unit. <br /> <br />Term of Restrictions: Fifty-five (55) years, commencing on [DATE OF <br />RECORDATION] and terminating on ~ [DATE FIFY-FIVE YEARS <br />THEREAFTER].- <br /> <br />This Notice does not contain a full description of the details of all of the terms and <br />conditions of the Affordable Housing Restrictions. You will need to obtain and read <br />the Affordable Housing Restrictions to fully understand the restrictions and <br />requirements which apply to the Property. <br /> <br />Please Note: To the extent applicable, pursuant to California Health & Safety Code <br />Section 33334.14, this Notice shall be subordinate to any lien, encumbrance, terms, <br />or covenants and conditions of any deed of trust, mortgage, or regulatory <br />agreement securing the interests under the Public Assistance and the construction <br />financing necessary for the development and construction of the Project, as those <br />terms are defined in the Affordable Housing Restrictions. The Agency agrees to <br />execute subordination agreements if requested or required by such other lenders. <br /> <br />[REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK] <br /> <br />2 <br />