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Exhibit C <br /> Prepared by and return to: Annette Moore, Orange County Attorney's Office: <br /> P.O. Box 8181; Hillsborough,NC 27278 <br /> DECLARATION OF RESTRICTIVE COVENANTS <br /> THIS DECLARATION OF RESTRICTIVE COVENANTS (Declaration), dated <br /> , by Habitat for Humanity of Orange County, NC, Inc. for itself and its <br /> successors and assigns ("Owner"), is given as a condition precedent to the award of Orange <br /> County HOME Investment Partnership Program funds. <br /> RECITALS: <br /> WHEREAS, the Orange County HOME Consortium has designated $250,000 in FY 2014 <br /> HOME funds to provide funding for second mortgage funding for nine (9) newly constructed <br /> homes located in Orange County in the Northside neighborhood in Chapel Hill, the Fairview <br /> Community in Hillsborough and the Tinnin Woods subdivision in Hillsborough, and which is more <br /> particularly described in Exhibit A,which is hereinafter designated as"the Property"; and <br /> WHEREAS, Orange County is the lead entity of the Orange HOME Consortium, so <br /> designated in an agreement dated July 1, 2011, and as such is the lead entity in a representative <br /> capacity for all members of the Orange HOME Consortium for the purposes of carrying out the <br /> HOME Program in accordance with the Title II of the Cranston-Gonzalez National Affordable <br /> Housing Act (Pub. L. 101-625), (42 U.S.C. 3535(d.) et. semC.) (hereinafter referred to as the "Act"), <br /> and as further defined in the Federal Program Requirements provided by the U.S. Department of <br /> Housing and Urban Development; and <br /> WHEREAS, Habitat is constructing the housing units on the Properties for first-time <br /> homebuyers earning between 30% and 65% of HUD area median income described in Habitat's <br /> FY 2014 Application for Funding, Orange County HOME Program dated, February 24, 2014 <br /> which is hereby incorporated into this Agreement as if written herein, and hereafter referred to as <br /> "The Project". A copy of the 2014 HOME Program Application is on file in the office of the <br /> Housing, Human Rights and Community Development Department; and <br /> 14 <br />