West Orange Fourth Round HEFSP_adopted 111025_Appendices

Inst. # 2023018959 - Page 3 of 6 Prepared by: Dean J. Donatelli, Esq. Deed Restriction DEED-RES D AFFORDABLE HOUSING PROPERTY | TH RESTRICTIONS ON RESALE AN ANCING To Rental Property With Covenants Restricting Rentals, Conveyance and Improyements and 4 And Requiring Notice of Foreclosure and Bankrup delivere 7 3)13/2033 THIS DEED RESTRICTION (this “Deed”) entered into as of thi March, 2023, by and between the CGP&H, LLC, or its successor, acting on ‘ownship of West Orange, with offices at 1249 South River Road, Suite 301, NJ 08512-3633 (“Administrative Agent"), and 555 Northfield LLC, a New J i , baving offices at 204 Madison Avenue, Suite B, Morristown, NJ 07960the ") the developer of a 70- unit residential rental project, certain units of which shall be rental units in accordance herewith (the “Project”). wrmaseze) , low- or moderate-income Township of West Orange and/or its poli (the “Municipality”) regarding this rental Article 1. Consideration 4) & ero i ce lop received by the Owner from the isions (1 Project, the Owner hereby agrees to abide terms and conditions set forth in this Deed Restriction, with respect to the its more specifically described in Article 2 hereof (the “Property”). Article 2, Description of The Property consists the land, and a portion of the improvements thereon wherein the Affordable Units are located, is located in the municipality of West Orange Township, County of Essex, State of New J described more specifically as Block No. 168, Lot Nos. 26 and 28 , and known by the $55 nena West Orange, NJ 07032. And, the le units subject to this Deed Restriction are more specifically designated as follows (cach an “Affordable” Unit”, and collectively, the “Affordable Units”) and containing a total of eleven (11) bedrooms: Unité 121 (2 bed plus den) Unit# 207 (1 bed) Unité 221 (2 bed plus den) Unit# 222 (2 bed) Unit# 306 (2 bed) Unit# 321 (2 bed)