West Orange Township_Fourth Round HEFSP_Final Draft

of Pleasant Valley Way and the Southwesterly line of Rasemont Terrace, and running thence: 1) Along the Northwesterly line of Pleasant Valley Way, South 35°45'00" West, 114.00 feet; thence 2) North 52°29'00" West, 297.86 feet; thence 3) North 35°46'00" East, 114.00 feet; thence 4) South 52°29'00" East, 297.86 feet to a point in Ihe Northwesterly line of Pleasant Valley Way, which is the point and place of BEGINNING. FOR INFORMATIONAL PURPOSES ONLY: Also known as Lot 13.03 in Block 179.14 on the Town of West Orange Tax Map.

RECORDING INFORMATION SHEET FSSEX COUNTY REGISTER'S OFFICE) MALL OF RECORDS , ROOM 130) 465 MARTIN LUTHER KING Jr. Blyd NEWARK NJ 07102 INSTRUMENT NUMBER: 13093392 D DOCUMENT TYPE : EED Official Use O. HILL WABSACK LIP 89 TIEADQUAKTERS PLAZA PURLIP THIGHIEN, REGISTER. ESSEX COUNTY. NI INSTRUMENT NUMBER Return Address (for recorded documunts) 13093392 RECORDED ON October 21212 VES BOOK: PAG: No. OF Pages foxciding Stammary Shecty 4 i) Recording Fee fexcluding Transfer Tax} $70.00 Realty T ster Tax $1,169.00 Amount Charged (Check # 2020} $1,239.00 Municipality WEST ORANGE CONSIDERATION (R) $229,900.00 Parcel [Information Black 135 MAIL COPY Lot PD NO COPY ENVELOPE First Party Name JEANNETTE WEALEY Secend Party Name ARC OF ESSEX COUNTY INC ADDITIONAL STAMPINGS Additional Information (Qlficial Use Only) WAAR ERK RIE EER ODE DO NOT RE, COVER SHEET (DOCUMENT SUMMARY FORM) 1S PART OF seeeeente weet RETAIN TIS PAGE z LOVE THIS: PAGE DMCC KOI eI SOD TS Or ee COUNTY PILING RECORD NCE, tt retire te

DEED Prepared by: (Print 9fgner's name below signature) This Deed is made on August Zi / , 2013 Roger A. Sérruto, Esq. BETWEEN JEANNETTE WHALEY and MARK WHALEY, married, whose address is 54 Summit Drive, Basking Ridge, New Jersey 07920, referred to as the Grantors, AND THE ARC OF ESSEX COUNTY, INC. whose address is about to be 177 Marion Drive, West Orange, New Jersey 07052, referred to as the Grantee. The words “Grantor” and “Grantee” shall mean all Grantors and all Grantees listed above. Transfer of Ownership, The Grantor grants and conveys (transfers ownership of) the property described below to the Grantee. This transfer is made for the sum of TWO HUNDRED TWENTY-NINE THOUSAND NINE HUNDRED AND 00/100’S ($229,900.00) DOLLARS-------------| The Grantor acknowledges receipt of this money Tax Map Reference (N.J.S.A. 46:15-1.4} Municipality of WEST ORANGE, Block No. 165 Lot No. 27 C0177 Account No. Q No property tax identification number is available on the date of this Deed. (Check box i applicable}. Property, The property consists of the land and all the buildings and structures on the land in the Township of West Orange, County of ESSEX and State of NEW JERSEY. The legal description is: SEE LEGAL DESCRIPTION ATTACHED BEING the same premises conveyed to Jeannette and Mark Whaley, married, by the following Deed: (1) Mark Whaley and Jeannette Whaley, husband and wife by deed from In Suk Seo, married; and Christina Seo, unmarried, his daughter TO Mark Whaley and Jeannette Whaley, husband and wife (tenants by the entirety) as Joint Tenants with the right of survivorship with Salley Weintal, unmarried, dated September 29, 1999, recorded October 7, 1999, in the Register's Office of the County of Essex, New Jersey, in Deed Book 5647, page 592. Note: Salley Weintal died on, November 15, 2042. Being premises known as 177 Marion Drive, West Orange, New Jersey 07052 (2) The grantee hereunder does acknowledge that the cost of the acquisition of the property has been satisfied out of the proceeds of a certain loan from the County of Essex under the Federal HOME Program and that the premises shall be subject to the affordability requirements contained in 24 Code of Federal Regulation, Part92. The HOME-assisted units must meet the affordability requirements for not less than the applicable period (“Affordability Period"). The affordability period

will be fifteen (15) years, and will be enforced through a Developer's Written Agreement, Loan Agreement, Mortgage Agreement, Mortgage Note and Deed Restriction that runs with the land to be executed by the Borrower. The Affordability Period will not commence until a Certificate of Occupancy {C of G) and a project completion repost has been submitted to Lender, and the Project} has met the requirements for Project Completions outlined in 24 CFR 92.2, which will require that construction be complete; all HOME funds have been disbursed by the County and drawn from the! U.S. Treasury, the project site is fully leased up, and required completion data has been entered in HUD's tntegrated Disbursement Information System (IDIS). Borrower will notify fhe County when the Borrower has satisfied the requirements for completion, and submit the necessary support documentation. Upon its approval, ihe Couniy will notify Borrower of the actual date of compietion and the exact date of the expiration of the affordability period, which shall be calculated based on the date of completion. The Borrower shall execute an amendment to the deed or execute a corrective deed that extends the affordability restrictions of 24 CFR 92.252 to the exact date of expiration of the affordability period. The affordability periad shall remain in force despite any prepayment of this Loan. Two units will be HOME-assisted and will be designated as Low HOME Rent Fixed Units throughout the affordability period. The provisions thereof may be enforced by the County of Essex by an action under the mortgage in foreclosure, Mortgage Note, Developer's Written Agreement or a period of Fifteen (15) years after the commencement of the Affordability Period, the incomes of the tenant of each unit assisted with HOME Program Funds (‘HOME Funds") shall meet the requirements of 24 CFR 92.252 and 24 CFR 92.203. Repayment of the funds will be required if the housing does not meet the affordability period requirement. Two units will be HOME-assisted and will be designated as Low HOME Rent Fixed United throughout the affordability period. SUBJECT fo easements and restrictions of record, if any, and such state of facts as an accurate survey may disclose. Promises by Grantor. The Grantor promises that the Grantor has done no act to encumbe the property. This promise is called a “covenant as to grantor’s acts” (N.J.S.A.

an accurate survey may disclose. Promises by Grantor. The Grantor promises that the Grantor has done no act to encumbe the property. This promise is called a “covenant as to grantor’s acts” (N.J.S.A. 46:4-6). This promise means that the Grantor has not allowed anyane else to obtain any legal rights which affect the property {such as by making a mortgage or allowing a judgment to be entered against the Grantor). Signatures. The Grantor signs this Deed as of the date at the top of the first page. Witnessed by: JEAMNETTE WHALEY MoAb ROGER A. SERRUTO MARK WHALEY STATE OF New Jersey, COUNTY OF Essex SS.: I CERTIFY that on_{ Lisg. ai 2 , 2013 Jeannette Whaley and Mark Whaley, personally came before me and stated to my satisfaction that this person (or if more than one, each person) (a) was the maker of the attached deed: (b) executed this deed as his or her own act: and

(c) made this Deed for $229,900.60 as the full and actual consideration paid or to be paid for the transfer of title. (Such consideration is defined in N.J.S.A. 46:15-5.} Alupnucee (eat SUZANNE M. ONETO A NOTARY PUBLIC OF NEW JERSEY Aff COMMISSION EXPIRES OCTOBER 15, 2013 DEED Dated: { Lug A j 2013 Jeannette Whaley, and Mark Whaley, Grantors | Record and return to: TO Hill Wallack LLP J 89 Headquarters Plaza } ZL The ARC of Essex Suite 1428 ’ KA County, Inc., Grantees Morristown, NJ 07960

GIT/REP-3 (5-423 State of New Jersey SELLER'S RESIDENCY CERTIFICATION/EXEMPTION (C.55. PL, 2004) (Piease Pri or Type} SELLER(S INFORMATION (Séelinstructionsd Page:2)pae eet ae eT ee Names(s} veanneke Whaley and fark Whaley Current Resident Address 34 Summit Drive Street , . . . _ City, Town, Post Office Siatc Zip Code Basking Ridge y PROPERTYsINFORMATION (Briat Property (Description) ha. S¥ir fi ee, RR Block(s) Lotis) Qualifier 185 27 CONT? Street Address: 177 Marion Drive City, Tow, Post Office 7 ~ Stace ~ "Zip Code West Q-argo . . . oo. No o7052 Selier's Percentage of Ownership Consideration Closing Date DID, Grd - 0d | SECEERASSURANCES/(Checkithe Appropriate, Box)" {Boxes 2ithtough'iGapply: to: Residents and|Nor-residents)': + Blam a resi¢ens taxpayer (individual, esiate, or trust) of te State of New Jersey pursuant to N.J S.A. 54A:1-1 ef seq. and will fle a “esicent gross incoire lax return ang pay any applicab'e laxes on any gain or income from Ire Gisposition of this properly, 2. Chthe ‘eal property being sold or Wansferred .s used exctus vely a8 my princ.pal res‘dence wathi> ke “neaning of scl on 121 of the federal (nterna! Reve-uc Gade of 1986, 26 U.S.C. 5.121 3. [lam a mortgagor corveying the morgaged property to a mortgagee in foreciosu’e or in a transfer in lieu of foreciosure with no mal consideration 4 €[JScher, ransfero: or transferee is at age cy or authonly of te United States of America. an agency ar authorily of the Siate of New Jersey. the Fodera National Mortgage Associaton, the Federal Home Laas Morigage Corporation, the Goversren: National Morigage Association, of a privale mortgage insurance company. 5. Sel er is not an andvidy val. estate or lrust and as such not required to make a> estimated payment: pursuant to N.J.S.A.54A. 1-7 et seq 6 [Je total consideration for the propery is 51.000 oF less and as such, the se ior is not requ.rea ‘0 make an estinia‘ed payment pursuant to NJ.5,4 §4A:5-1-1 et seq. 7 Fr] The gain from the sale wil not be recagrized for Federal ncome tax purposes under | R.C. Secon 721, 1031, 1033 or is a cemetery plet (CIRCLE THE APPLICABLE SECTION) # such section does not ullimate'y apply lo this iracsaction, the sede’ acknowledges the obligation to tla a Neve Jefecy Income iax return for the year af the sale (see ingtructia.is). Tne romixe king proporty received. 8. ([Jiransfer by an exec tor cr

action, the sede’ acknowledges the obligation to tla a Neve Jefecy Income iax return for the year af the sale (see ingtructia.is). Tne romixe king proporty received. 8. ([Jiransfer by an exec tor cr admynisiraloy of a decedent ta a vevisee or heir lo effect distribution of the decedent's estate in accordance vith the provisions of he decedent's va'l or the intestate laws of this state. 9 ETre property bey sold is subject to a shor sate inslituted dy Ihe mortgagee, whereby the seller has agreed act ie "ecenc any picceeds from tae sac and the mortgagee will recewe a.| vroceeds paying off an agreed amount of the mongage. 10. [I the ceca being recorded is a deed da:ed pnor to the effect ve date of PL. 2004. c 55 (August 1, 2004). ang was previcusly unrecorded. The urdersigred tinderstands its contents ray ntosed Or orovided lo the New Jersey Q'vesion of Tazalion and that eny false slalemert conlained rerein cou.d be punished by ‘ine. imorisorment. ¢° bot | furthermore daclare that | have ezarrined this declaration ard, to the dest of knowledge and belel, rs tue, comect and complete By chacking tris box Cl I cently tha; Ine Power of Atosay Io represent the sclier(st has been previ feconde oF is being recorded surullaneausly with the deec Ie which Imus ‘ere rs attached. — 84fp — - Q4[ia Date Signature WSeler} Freese “deate I Power of Azores i fvuosrey an Fat

RECORDING INFORMATION SHEET COUNTY REGISTEIUS OFF HALL OF RECORDS . ROOM 134) ES: 465 MARTIN LUTHER KING Jr. Blvd! NEWARK NJ 07102, ce| INSTRUMENT NUMBER: 14044449 DOCUMENT TY Pl : DEED Officia) Use Only Return Address (for recorded dor uurents) Hb WILLIAM DEPUTY ESSEX COU =NJ INSTRUMENT NI EMRER SY HEABOLARTERS PLAZA, SUITE 1428 MORRISTOWN NJ 07960 CONSIDERATION (E) $1.00 MAIL COPY XO COPY ENVELOPE ADDITIONAL STAMPINGS. NOOK, 12501 PAC No. OF Pages nadine Summary Nhvet) 6 RR F ee ( Transfer Tasy : $90.00 Realty Transter Tax eee sow Amount Charged (Cheek # $364} 390.00 WEST ORANGE Block Cat Parcel Cafermation, ARC OF t < COUNTY INC ‘st Party N. ARC OF ESSEX COUNTY [NC Second Party Name Additional Information (Official Use Ouly) TY FILING RECORD 7 tei aaa iieied

Prepared by: (Print signer’s name below signature) iz caf énineth R. Sauter, Esq. DEED This Deed is made on June —_, 2014 BETWEEN THE ARC OF ESSEX COUNTY, INC. whose address is 123 Naylon Avenue, Livingston, New Jersey. 07039, referred to as the Grantors, AND THE ARC OF ESSEX COUNTY, INC. whose address is 123 Naylon Avenue, Livingston, New Jersey, 07039, referred to as the Grantee. The words “Grantor” and “Grantee” shall mean all Grantors and all Grantees listed above. Transfer of Ownership. The Grantor grants and conveys (transfers ownership of) the property described below to the Grantee. This transfer is made for the sum of ONE AND 00/100 ($1.00) DOLLAR-------------. The Grantor acknowledges receipt of this money. Tax Map Reference (N.J.S.A. 46:15-1.1) Municipality of WEST ORANGE. Block No. 185 Lot No. 27 C0177 Account No U No property tax identification number fs available on the date of this Deed. (Check box if applicable). Property. The property consists of the /and and all the buildings and structures on the land in the Township of West Orange, County of ESSEX and State of NEW JERSEY. The legal description is: SEE LEGAL DESCRIPTION ATTACHED BEING the same premises conveyed to Grantor by the following Deed: (1) The ARC of Essex County, Inc. by deed from Mark Whaley and Jeannette Whaley, married, dated August 29, 2013, and recorded October 21, 2013. in the Register's Office of the County of Essex, New Jersey, in Deed Book 12464, page 556 (the “Original Deed’). Being premises known as 177 Marion Drive, West Orange, New Jersey, 07052 (2} The grantee hereunder does acknowledge that the cost of the acquisition and rehabilitation of the property has been satisfied out of the proceeds of a certain loan from the County of Essex under the Federal HOME Program and that the premises shall be subject to the affordability requirements contained in 24 Cade of Federal Regulation, Part92. The Affordability Period will be fifteen (15) years, and will be enforced through a Deed Restriction that runs with the land to be executed by the Borrower. The Affordability Period will not commence until a Certificate of {f swdox/docs/016974/00002/029793 12: 2)