West Orange Township_Fourth Round HEFSP_Final Draft

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