West Orange Fourth Round HEFSP_adopted 111025_Appendices

on Prepared by: (Print signer’s name below signature) awh Kerineth 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, refe e Grantors, AND THE ARC OF ESSEX COUNTY, INC. whose address is 123 Naylon Avenue, Livingston, New Jerseyz,070 referred to as the Grantee. The words “Grantor” and “Grantee” shall mean al! Gra all Grantees listed above. Transfer of Ownership. The Grant a! property described below to the Grantee. d ($1.00) DOLLAR--------—-- . id conveys (transfers ownership of) the ris made for the sum of ONE AND 00/100 The Grantor acknowledges receipt of t Tax Map Reference (N.J.S Block No. 155 Le 15-1.1) Municipality of WEST ORANGE, 77 Account No. umber is available on the date of this Deed. (Check box if applicable). Property. The propéety consists of the land and all the buildings and structures on the land in the Townshi a Orange, County of ESSEX and State of NEW JERSEY. The legal description is: SEE LEGAL TION 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 Code 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:Avdoxidocs/016974/00002/029793 +2; 2}