West Orange Township_Fourth Round HEFSP_Final Draft

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)