2016-328 County Atty - CASA and EmPOWERment, Inc. - Assignment, Assumption and Consent to Transfer Real Property

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Bond Program, as such requirements relate to the Property; and Whereas CASA desires to assign to EmPOWERment its obligations contained in the Declaration of Restrictive Covenants, the Development Agreement, the Deed of Trust and the Note, as such obligations relate to the Property; and Whereas EmPOWERment desires to accept the transfer of Property from CASA subject to the requirements of the Declaration of Restrictive Covenants, the Development Agreement and the County Housing Bond Program, as such requirements relate to the Property,; Whereas EmPOWERment desires to accept from CASA the assignment of the obligations contained in the Deed of Trust and the Note, as such obligations relate to the Property; and Whereas Orange County consents to the transfer and acceptance of the transfer of Property subject to the requirements the Declaration of Restrictive Covenants, the Development Agreement and the County Housing Bond Program along with the assignment of the obligations contained in the Deed of Trust and the Note, as such requirements and obligations relate to the Property; NOW THEREFORE, CASA a successor in interest to Chrysalis, a not for profit corporation does hereby: (1) give, transfer, assign, and deliver unto EmPOWERment, Inc., a not for profit corporation, and its successors,nominees and assignees all of its rights,title and interest, and all addenda,modifications and amendments thereto,in and to the Property described in EXHIBIT A (2) assign and transfer to EmPOWERment, its obligations , as such obligations relate to the Property, contained in the Declaration of Restrictive Covenants, the Development Agreement, the Deed of Trust and the Note, and the obligation to pay money due and to become due upon the Note, with interest. Said assignment is subject to all terms and conditions found in the Deed of Trust, the Note, the Declaration of Restrictive Covenants, the Development Agreement, and all addenda, modifications and amendments thereto and shall remain in effect under this assumption and for any successor Assignor or any successor Assignee who shall assume all duties and obligations of the original borrower. IN WITNESS WHEREOF, the signatories below have caused this instrument to be signed in their corporate names by duly authorized officers. By execution hereof, Orange County specifically consents to the assignments to EmPOWERment contained herein. This the day of , 2016. [SIGNATURE PAGES TO FOLLOW]