West Orange Township_Fourth Round HEFSP_Final Draft

CHICAGO TITLE INSURANCE COMPANY X-d7Hd3 TITLE INSURANCE COMMITMENT SCHEDULE A NUMBER 4 t (continued) DESCRIPTION ALL that certain fot, parcel or tract of land, situate and lying in the Township of West Orange, County g of Essex, State of New Jersey, and being more particularly described as fotlows: Being ali hal certain rgal property subject (0 the provisions of lhe State of New Jersey Condominiurn Act, ALLS.A. 46:88-1 at $oq,, its amendments and supplernents and siwalad, /ying and baing in tha Towastup of West Orange, County of Essex, Stale of New Jersey, more particularly duscribed ag Unit 177, Building 8, siluated in Essex Green Villa Condominium, a New Jersey Condominium, together with an aggregate 1.2914 petcent undivided interes! in tha Cammon Elements of said Condaminium appurtenant fo lhe sloresaid Unit, in accordar:ce wth and sLbject to tha terms, limilatiana, condilions, covenants, restictlans, easements, agreamanis and other provisions Sal forth in the Master Need for Essex Green Villa Condominum recorded September 25, 1979 in the Essex County Registers Otfica in Dead Book 4856, Page 702; and emended by Deed Boos 4701, Paga $69; Corrective Master Ogad recorded in Dead Book 4752, Page 74? and second Corastiva Masiar Dead recorded in Dead Book 4796, Page 825, and any further amendmants hereto, LOY 27 C0177 IN BLOCK 155 ON THE TAX MAP {Said Lot and Block reported for informational purposes unly} Issued by Centeul Jersey Title Co., Inc. 16 Schuyler Pave Morristown, NJ 07960 Telephone; 973-538-5070 bay: 973-538-1563

Occupancy (C of O} and a project completion report have been submitted to Lender, and the Project has met the requirements for Project Completion outlined in 24 CFR 92.2, which will require that the property be acquired and construction be complete and property standards met: all HOME funds have been disbursed by the County and drawn from the US Treasury; and required completion data has been entered in HUD's IDIS system. The Borrower will notify the Lender when the Borrower has satisfied the requirements for completion, and submit the necessary support documentation, including a Certificate of Occupancy. Upon its approval, the County will notify the Borrower of the actual date of completion and the exact date of the expiration of the Affordability Period, which shail be calculated based on the date of completion. If necessary, the Borrower shali execute an amendment to the deed running with the land that extends the affordability restrictions of 24 CFR 92.252 to the exact date of expiration of the Affordability Period. The Affordability Period shall remain in force despite any prepayment of this Loan. The Borrower understands that the HOME assisted units must achieve initial occupancy within 18 months of the project completion daie. if a unit has no initial occupancy within 18 months of the project compieticn date, then the funds invested in that unit must be reimbursed to Lender. lf any HOME-Assisted Units are vacant six (6) months after Project Completion, the Borrower shall provide Lender with a report on current marketing effosts and, if requested by the Lender, a pian for enhanced marketing of the HOME- Assisted Units. The provisions thereof may be enforced by the County of Essex by an action under the mortgage in foreclosure, the Mortgage Note, the Amended and Restated Developer's Written Agreement, or the Amended and Restated Loan Agreement dated June 17, 2014 for acceleration of the loan as provided in paragraph 3 of the Loan Agreement. SUBJECT to 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 encumber the property. This promise is called a “covenant as to grantor's acts” (N.J.S.A. 46:46). This promise means that the Grantor has not allowed anyone else to obtain any legal rights which affect the property {such as

This promise is called a “covenant as to grantor's acts” (N.J.S.A. 46:46). This promise means that the Grantor has not allowed anyone 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} . N _ Signatures. The Grantor signs this Deed as of the date at the top of the first page. s ¢ , Witness/Attest: . THE ARC OF ESSEX COUNTY, INC. Linda Lucas, Chief Executive Officer Consent to Amendment to Deed Restriction. The County of Essex, Division of Housing and Community Development signed below io confirm its consent to the Amendment of the restrictions set forth in the Original Deed as recited in this Deed UNTY OF ESSEX Division of Housing and Community Cevelopment {F sfuectoxidocs/016974/00002/02979312: 2}

STATE OF NEW JERSEY, COUNTY OF ESSEX $S.: I CERTIFY that on June 17, 2014 Linda Lucas personally came before me and acknowledged under oath, to my satisfaction, that: a) this person signed and delivered the attached Deed as the Chief Executive Officer of The Arc of Essex County, Inc., a corporation of the State of New Jersey, named in this document, and b) this Deed was signed and delivered by the corporation as its voluntary act and deed by virtue of authority from its Board of Directors: and ¢c) The corporation made this Deed for $1.00 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.) / . iter Ol orks _ MINERVA DELGADO’ «!” .- NOTARY PUBLIC OF NEW JERSEY MY COMMISSION EXPIRES OCT.18, 2016 DEED Dated: June 17, 2014 The ARC of Essex Hill Wallack LLP County, Inc, Grantor Record and return to: TO Kenneth Sauter, Esq. The ARC of Essex Hill Wallack LLP County, Inc., Grantee 89 Headquarters Plaza, Suite 1428 Morristown, NJ 07960 {Ftwoox/docs/0 1697 4/99002/02979312; 2}

GITAREP-3 (5-12) State of New Jersey SELLER'S RESIDENCY CERTIFICATION/EXEMPTION (C.55, PLL, 2004) (Pease Print of Type} SELLER(S) INFORMATION {See Instructions, Page 2) Names(s) THE ARC OF ESSEX COUNTY, INC. Current Resident Address Seat: 123 NAYLON AVENUE City, Town, Post Office State Zip Code LIVINGSTON NJ 07038 PROPERTY INFORMATION (Brief Property Description) Block{s) Lot(s) Qualifier 455 27 COW? ‘Street Address: 177 MARION DRIVE City. Town, Post Office ~ State : Zip Code WEST ORANGE NJ o7052 Seller's Percentage of Ownership Consideration Closing Date 100 1,00 OB17/2014 SELLER ASSURANCES {Check the Appropriate Box) {Boxes 2 through 76 apply to Residents and Non-residents) O am a resident taxpayer (individual, estate, ar trust} of the Stale of New Jersey pursuant to N_J.S.A. 54A:1-1 et seq. and will fle a resident gross income laa return and pay any applicable taxes on any gan or income from the d-sposition of this property. 2. (]the teal property being sold or transferred S used exclusively as my principal residence wilhin the meaning of section 121 of he federal intemal Revenue Code of 1986, 26 U.S.C. s. 121 3 Oh am a mongagor conveying the mortgaged propeny to a mortgagee in foreclosure or in a transfer in beu of foreclosure with no additional consideration. ae 4 seller, \ansferar or lransleree is an agency or authority “Ot, Libe United States of America, an agency or authority of the Stale of New Jersey. the Federal National Mortgage Assacialion? Ane Federal Home Loan Morigage Corporation. the Government National Mongage Association, or a privale mortgage insurance enmpany. Seller is not an chy dual, eslale or trust and as such not required to make an estmaied payment pursuant to N J.S.A 54A:1-1 et seq. 6. iw]the total consideration for ie property is $ 1000 ér less and as such, the seller is not required lo make an eshmated payment pursuant to N.J.S.A 544:5.1-1 et seq. 7 _The gain irom the sale voll not be rgvagnized for Federal income tax purposes under LR.C, Section 721, 1031, 1033 or is a cemetery plot (CIRCLE THE APPLICABLE, SECTION). ff such section does nol ultimately apply to this wansaction, the selter acknowledges the obligation to file a New Jersey i ineorne lax return for ihe year of the sate (see instructions) De non-tke kind property’ received 8 (Jansfer by an executor of administrator of a decedent to a devises or heir

to file a New Jersey i ineorne lax return for ihe year of the sate (see instructions) De non-tke kind property’ received 8 (Jansfer by an executor of administrator of a decedent to a devises or heir to effect distribution of the decedent's eslale in accordance with the provisions of the decedent's will or the intestate laws of this stale 9. [_]the property being sold is subject to a short sale instituted by the mongagee. whereby the seller has agreed not to receive any proceeds fram the sale and the mongagce wil receive all proceeds paying off an agreed amount of the mortgage 10. L)the deed being recorded is a deed dates prior to the effective date of PL 2004, c $5 (Augusl 1, 2004), and was previously unrecorded. SELLER{S} DECLARATION Tre undersiqned understands that this declaration and sts conlaais may de disclosed or provided (o the New Jersey Division of Taxakon and that any fatse statament contained herein could be purashed by fine, mprisonment, or bolh | furthermore declare that | have examined this dedayakor and, te the best of my kaomtedge and bele!, itis (tue, correct and complete By checking this box OU certify that the Power of Allomey lo rapresant the seller{s) has been previously recoréad oF 1s deing recorded simullaneously with Ite Good to which this form «5 alta 06/17/2014 ~ Daie a —_ g ~ (Sollez) P'case wet care f Power of Aclorray or ANomaey wn Fact ~~ Date _ ° Signature !Seber) Please eicate if Pawar af Atorney of Atonncy 1 Fact

(Rey. 7714710) MUST SUBMIT I DUPLICATE STATE OF NEW JERSEY . AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER (Chapter 49, PL, 1968, as amended though Chapter 33, P.L. 2006) {N.J.S.A. 46:15-5 ol seq.) BEFORE COMPLETING THIS AFFIDAVIT, PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM. STATE OF NEW JERSEY COUNTY ESSEX MUNICIPALITY OF PROPERTY LOCATION I FOR Cansidesalior SS. counyy Mon cpa Code RIF _0722 | bate DELY oy y By. RECOR BE! n "S USE ONLY | Oe | est Dranze (1) PARTY OR LEGAL REPRESENTATIVE (See lnsiructions #3 and #4 on reverse side} “Use symbol *C~ to ind-cale that fee is exc us vely for county «se Oepenert. Kennet R Sauter being = duly = Swern accordéng) = to taw ego —his*her oath, deposes and says that he'she Si Representative madeeddates “TUT 17. 2014 vansterang (Grantor, Legal Reprasontative, Corporate Officer, Oticer of Title Company, Lending institution, ets.) - rea: propery identified as Block numaer 155 Lotnumber 27 CO177 Jocated al 177 Max on Drive. Vest Orange, New Jersey and anneaee thereto. (Street Address, Town} {2) CONSIDERATION $__ 1.00 tastructions #7? and #5 on reverse side) iho prior mo-tgage to which praperty is subject (3) Progeny wansferec 5 Class 4A 4B aC io one) If oroperty Wanslerrec ‘s Class 4A, calculat on in Section 3A below is required. (3A;REQUIRED CALCULATION OF EQUALIZED VALUATION FOR ALL CLASS 4A (COMMERCIAL) PROPERTY TRANSACTIONS: {Seg insiructions #54 ard #7 on reverse sie) Total Assessed Valuation : Director's Ratio = Equalized Assessed Valuation % =. AF Duecter 100% Ire assessed value y: 1. be equal lo Ihe equal zed valualior 5 Ratio is less tha “00%, the « ‘equalized valuation vall be 2r. around greater lhan he assessed value If Director's Rabo .s equal to oF in excess of (4) FULL EXEMPTION FROM FEE (See instruction 88 on reverse side) 4$ fully exempt from ‘ne Realty Trangler Fea imposed by C. 49, P.L. 1988, as amended througn C 66, P.L. 2004, for the fol ovang reasur(s). Mere reference lo exemplion symbc. .s insufficient. Expain in detail Deponent states thal ing deed transacto’ ta} For a consideration of less than $100 (5) PARTIAL EXEMPTION FROM FEE ( instruction #9 on reverse side) NOTE: Ah boxes below apaly to grantor(s) ony, ALL BOXES IN APPROPRIATE CATEGORY MUST BE CHECKED. Failure to do so wil! yor caim for partal exerspiion Deponent clams :hat ths deed Iransactian

rse side) NOTE: Ah boxes below apaly to grantor(s) ony, ALL BOXES IN APPROPRIATE CATEGORY MUST BE CHECKED. Failure to do so wil! yor caim for partal exerspiion Deponent clams :hat ths deed Iransactian is exempt from Stale portions of the Basic, Supplemental, and General Purpose Fees, as anp.icable. mngosed oy C, 176, P.L. 1975, C. 113. P.L. 2004. and C. 66, P.L. 2004 for the following reason(s): SENIOR CITIZEN BLIND PERSON —Grantor(s} DISABLED PERSON Grantor(s! A. * 5 wed and [Tne of two-tacn ior ciizens, olied persons, or d'sabted persons must pied by grantor: ly sesidential pres egally olind of; * permanently and totally disabled | Grantor(s)]_}62 years of age or over. * (instruction 49 on revorse side for A ar B) ™ receiving disability payments |_|not gainfully employed” meel ail of the following criteria: Is; esidenl of State of New Jersey. ers as joial senants mus: a qualify. “IN CASE OF HUSBAND AND WC FE, PARTNERS IA 2 VIL UNION COUPLE DVLY ONE GRANTOR NEEL QUALIFY IF TENANTS BY THE EXIRE SY Cc Affordable according to UD. , _}Meets income rea vements cf regins. “OW AND MODERATE INCOME HOUSING finsiruction #9 on reverse sue} standards, |_] Reserved for occupancy [_]Sutject to resa'e conirots (6) NEW CONSTRUCTION (fnstruetions #2, #10 and #72 of reverse side) Entirely n Not previous provement. used for any purpose ot previously occupied NEW CONSTRUCTION" printed clea“y at top of first page of the deed, (7) RELATEO LEGAL EN“ITIES TO LEGAL ENTITIES (tristructions #5, #12, 14 on reverse side} [Ye prior mortgage assumed cr te which property 's subject al ne of sae [Yo contributo-s 10 capital by eiiher grantor or gran‘ee legal entry jo Slock Or meney excnanged by or between grantor or graniec lega entities (8) Deponest t makes (ns Alfidavit to iacuce courty “clesk oF register of deeds lo -ecord the deed asd accept the fee submilled herewit accordance with ihe prov'slons ol Chapter 49, PL. 1968, as am Subdscrived ang sworn 10 belcre me ts 23rd day of June ladys Pbel elds ANDREA G. PECKHOLOT A Notary ublicof New Jersey la Sad Signature of Seoonent Hil Vwallack LL? 89 Headquarters Plaza Marristown, NJ 07960 Deponént Address XXXXXX. 173 ded through Chanter 33. P-L. 2006. The Arc of Essex County, inc. Grantor Narre 123 Naylon Avenue Livingston, Nu 07039 Granlor Address at Time of Sale Kenneth R Sauter, Esq. My Commission

XX. 173 ded through Chanter 33. P-L. 2006. The Arc of Essex County, inc. Grantor Narre 123 Naylon Avenue Livingston, Nu 07039 Granlor Address at Time of Sale Kenneth R Sauter, Esq. My Commission Expires: April 22, 2019 Last three digits -n Grantor's Social Securily Number ~Narne/Company of Settlement Officer County reurithing of eves sna: The “Hector of Ine Qivisicn o! Taxation in Ihe Devalrea! of the Treas.ry "as presctives this form as required by N AKiOr approval of re Director Fo: inlommator. on ine Re forward one copy of cach RTF-1 forn FOR OFFICIAL USE ONLY ] Tiansler Fee orto print a coy ol thi wivew.state.nj.usitreasuryitaxation/Iptilocaltax.him instru County, Dees ni Book Page Dee Dates 7 Dale Recerded whea Secvon 34 1s conpicte STATE OF NEW JERSEY PO BOX 251 TRENTON, NJ 08695-0251 TION: REALTY TRANSFER FEE UNIT and may nol be alleved or amended vistl Ube Divis.on of Taxation website at: 5 All d:

APPENDIX N Additional Affordable Housing Resolutions • Resolution #186-25 –Appointing Geniece Gary-Adams as the Township’s Municipal Housing Liaison, and Peter F. Smeraldo, Jr. as the Alternate Municipal Housing Liaison • Resolution #17-24 – Appointing CGP&H as the Township’s Administrative Agent