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HomeMy WebLinkAboutDanco 2019-11-15; Acknowledgement 2024-11-08 MORTGAGEE JOINDER AND CONSENT The undersigned Mortgagee does hereby join in and consent to the granting of the easements set forth in this Easement and Shared Use Agreement over the Summercreek Land herein described, and agrees that its Deed of Trust, dated August 15, 2003 and recorded on November 16, 2004 as Instrument No. 2004-25581 in the Official Records of Mendocino County, shall be subordinated to this Easement and Shared Use Agreement. IN WITNESS WHEREOF, the City of Ukiah has caused this Mortgagee Joinder and Consent to be executed on I I I V _, 202 . 11 CITY OF UKIAH, a political subdivision of the State of California By: Name: r,*� ;Ale-01p Title: i A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or vandity of that document. STATE OF CALIFORNIA } COUNTY OF- Pa-,, A 4 C r la.a ) On 1 _ before me, a Notary Public, personally appeared .Q A I� i �[ +1�, who proved to me on the basis of satisfactory evidence to be th person w se name( is.erc subscribed to the within instrument, and acknowledged to that e; f executed the same in isr7h, ei•r- authorized capacity(}; and that b hi ignature(S�on the instrument the personA, or the entity upon behalf of which the person(A acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my ha d and offial seal. tary Public (SEAL) *my KRISTINE LAWLER Notary Public.California Mendocino County Commission N 2340924 Comm.Expires Jan 2,2025 13 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza CONSENT AND SUBORDINATION TO RECIPROCAL EASEMENTS, MAINTENANCE AND USE AGREEMENT The undersigned is mortgage lender pursuant to that certain Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing dated as of October 21, 2004 and recorded October 26, 2004 as Document Number 2004-24116 (the "Deed of Trust") in the Recorders Office of the Recorder of Mendocino County, State of California ("Official Records"), executed by UKIAH SUMMERCREEK ASSOCIATES, a California limited partnership ("Borrower") to FIRST AMERICAN TITLE COMPANY, as Trustee for the benefit of LEWISTON STATE BANK, a Utah banking corporation ("Original Lender"), as assigned to CAPSTONE REALTY ADVISORS, LLC, by Original Lender by Assignment of Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing, dated as of November 6, 2006 (the "Interim Assignment'), recorded November 13, 2006 as Document Number 2006-22347 in the Official Records, as further assigned to Mortgagee MIDLAND LOAN SERVICES, INC., a Delaware corporation by Interim Lender by Corporate Assignment of Deed of Trust, dated as of October 22, 2009 (the "Assignment'), recorded November 16, 2009 as Document Number 2009-17320 in the Official Records. The undersigned does hereby consent, solely in its capacity as a mortgage lender to Borrower, to the terms and conditions of the foregoing Reciprocal Easements, Maintenance and Use Agreement. Further, the undersigned agrees that its interest as such mortgagee, assignee, and secured party pursuant to the Security Instrument or any other related financing documents shall be subject and subordinate to the terms and provisions of the Reciprocal Easements, Maintenance and Use Agreement. [Remainder of this page intentionally left blank.] 14 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza Executed this day of 12023. LENDER: MIDLAND LOAN SERVICES, a division of PNC Bank,National Association By: Name: Title: STATE OF KANSAS ) ss. COUNTY OF JOHNSON ) On this day of , 2023, before me, a Notary Public in and for the State of Kansas, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument, on oath stated that he was authorized to execute the instrument, and acknowledged that he is the Senior Vice President and Servicing Officer of Midland Loan Services, a division of PNC Bank, National Association to be the free and voluntary act and deed of said company for the uses and purposes mentioned in the instrument. IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written. (seal) (Print Name) NOTARY PUBLIC in and for the State of Kansas. My appointment expires ]5 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza EXHIBIT A LEGAL DESCRIPTION OF SUMMERCREEK LAND THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF UKIAH, COUNTY OF MENDOCINO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS: PARCEL ONE: COMMENCING AT A CITY MONUMENT AT THE INTERSECTION OF THE CENTERLINE OF STATE STREET IN THE CITY OF UKIAH WITH THE CENTERLINE OF THE RIVER ROAD; THENCE RUNNING NORTH 72° 29' EAST, ALONG THE CENTERLINE OF THE RIVER ROAD 460.69 FEET; THENCE SOUTH I I" 00' EAST, 25.17 FEET TO THE NORTHWEST CORNER OF A RIGHT OF WAY DESCRIBED IN THE DECREE QUIETING TITLE IS MARIE CYRSON, DATED APRIL 3, 1931, AND RECORDED IN BOOK 60 OF OFFICIAL RECORDS, AT PAGE 64, MENDOCINO COUNTY RECORDS, BEING THE POINT OF BEGINNING; THENCE SOUTH 11' 00' EAST, ALONG THE WEST LINE OF SAID RIGHT OF WAY 351.31 FEET; THENCE NORTH 82`' 10' EAST, 585.14 FEET TO THE WESTERLY LINE OF THE NORTHWESTERN PACIFIC RAILROAD RIGHT OF WAY; THENCE SOUTH 10' 09' EAST, ALONG THE WEST LINE OF SAID RAILROAD RIGHT OF WAY 451.54 FEET; THENCE SOUTH 82` 07' 03" WEST, 764.14 FEET; THENCE NORTH 07' 15' WEST, 372.86 FEET; THENCE NORTH 81� 44' EAST, 141.25 FEET; THENCE NORTH I F, 00' WEST, 77.93 FEET; THENCE NORTH 11' 00' WEST PARALLEL WITH THE WESTERLY LINE OF THE ABOVE MENTIONED RIGHT OF WAY 347.97 FEET TO THE SOUTH LINE OF THE RIVER ROAD; THENCE NORTH 72° 29' EAST, 20.13 FEET TO THE POINT OF BEGINNING. SAVING AND EXCEPTING THAT PORTION CONVEYED: 1) BY HOGAN'S SURPLUS STORES, INC., TO GEO. H. LOUIS REALTY CO., BY DEED RECORDED APRIL 14, 1961 IN BOOK 566 OF OFFICIAL RECORDS, PAGE 111, UNDER RECORDER'S SERIAL NO. 23235, MENDOCINO COUNTY RECORDS. 2) ROBERT H. GERBER, ET UX, TO ESSENAR INVESTMENT OF AUBURN, A LIMITED PARTNERSHIP, BY DEED RECORDED APRIL 14, 1965 IN BOOK 686, PAGE 737, MENDOCINO COUNTY RECORDS. 3) BY UKIAH SUMMER CREEK ASSOCIATES TO THE COUNTY OF MENDOCINO RECORDED MAY 6, 2004 AS DOCUMENT NO. 2004-9902 OF OFFICIAL RECORDS. PARCEL TWO: 1 r, Easement and Shared Use Agreement Ukiah Acorn Vailey Plaza COMMENCING AT THE MONUMENT AT THE INTERSECTION OF THE CENTERLINES OF SOUTH STATE STREET(US. HIGHWAY 101) AND GOBBI STREET, UKIAH, CALIFORNIA, THENCE SOUTH 05'43' 30" EAST ALONG THE CENTERLINE OF SOUTH STATE STREET, 244.11 FEET TO STATE HIGHWAY STATION 718104.16 E.C.; THENCE CONTINUING ALONG SAID CENTERLINE ALONG THE ARC OF A CURVE TO THE LEFT, RADIUS 20,000.00 FEET, TO A CENTRAL ANGLE OF 01° 06' 11", 385.04 FEET TO STATE HIGHWAY STATION 714-19.12 P.O.C.; THENCE NORTH 831, 10' 19" EAST, 50.00 FEET TO THE EASTERLY RIGHT OF WAY LINE OF SAID SOUTH STATE STREET; THENCE NORTH 82' 16' 10" EAST, 281.70 FEET; THENCE SOUTH 07" 05' 12" EAST, 120.64 FEET; THENCE NORTH 82- 2F 15" EAST ALONG THE SOUTH LINE OF THE PARCEL OF LAND DESCRIBED AS PARCEL ONE IN THE DEED FROM HOGON'S SURPLUS STORES INC., TO ROBERT F. GERBER, ET UX, DATED OCTOBER 10, 1961 RECORDED OCTOBER 30, 1961 IN VOLUME 580 OF OFFICIAL RECORDS, PAGE 339, MENDOCINO COUNTY RECORDS, 353.63 FEET TO THE POINT OF BEGINNING; THENCE NORTH OT' 38' 45" WEST, 374.59 FEET; THENCE SOUTH 82' 02' 50" WEST 208.32 FEET; THENCE NORTH 10' 46' 04" WEST,425.97 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET; THENCE ALONG SAID RIGHT OF WAY LINE NORTH 72" 39' 30" EAST, 20.13 FEET; THENCE LEAVING SAID RIGHT OF WAY LINE AND ALONG THE EXTERIOR LINE OF SAID GERBER PARCEL SOUTH 10' 46' 04" EAST 351.46 FEET AND NORTH 82:' 25' 02" EAST 385.24 FEET; THENCE SOUTH 09� 46' 14" EAST 451.15 FEET TO THE SOUTH LINE OF SAID GERBER PARCEL; THENCE SOUTH 82' 2 P 15" WEST ALONG SAID SOUTH LINE 209.44 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THAT PORTION GRANTED TO THE COUNTY OF MENDOCINO RECORDED MAY 6, 2004 AS DOCUMENT NO. 2004-9902 OF OFFICIAL RECORDS. PARCEL THREE: THE EASEMENT FOR STORM DRAIN RESERVED BY UKIAH SUMMERCREEK ASSOCIATES IN THE DEED TO THE COUNTY OF MENDOCINO RECORDED MAY 6, 2004 AS DOCUMENT NO. 2004-9902 OF OFFICIAL RECORDS. PARCEL FOUR: THE EASEMENT FOR EMERGENCY ACCESS GRANTED TO UKIAH SUMMERCREEK ASSOCIATES BY THE COUNTY OF MENDOCINO RECORDED MAY 5, 2004 AS DOCUMENT NO. 2004-9906 OF OFFICIAL RECORDS. APN: 003-040-83 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza EXHIBIT B LEGAL DESCRIPTION OF ACORN LAND For APNIParcel ID s : 003-040-77-00,003-040-78-013 and 003-040-79-00 THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF UKIAH, COUNTY OF MENDOCINO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS: PARCEL ONE: COMMENCING AT A 1 1i4 INCH IRON PIPE ON THE WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD AT THE SOUTHERLY TERMINUS OF THE COURSE "SOUTH 09'' 47' 26" EAST, 225.30 FEET" AS SHOWN ON A PARCEL MAP FILED IN MAP CASE 2, DRAWER 48 PAGE 25, MENDOCINO COUNTY RECORDS, THE SAID IRON PIPE ALSO MARKING THE NORTHEAST CORNER OF THAT 4.68 ACRE PARCEL AS SHOWN ON A RECORD OF SURVEY MAP FILED IN MAP CASE 2, DRAWER 22, PAGE 71, MENDOCINO COUNTY RECORDS; THENCE SOUTH 82°25' 02" WEST (RECORD SOUTH 82"15' 08" WEST ALONG THE NORTH LINE OF THE SAID 4.68 ACRE PARCEL 226.87 FEET TO THE POINT OF BEGINNING: THENCE CONTINUING ALONG THE SAID NORTH LINE OF THE 4.68 ACRE PARCEL SOUTH 82" 25' 02" WEST, 71.18 FEET; THENCE LEAVING THE SAID NORTH LINE OF THE 4.68 ACRE PARCEL NORTH 08° 00' 59" WEST, 126.94 FEET (RECORD NORTH OK 16' 08" WEST, 127.00 FEET) TO THE SOUTHWEST CORNER OF PARCEL 1 AS SHOWN ON THE SAID PARCEL MAP; THENCE ALONG THE WEST LINE OF THE SAID PARCEL 1,NORTH 07' 51- 3 1" WEST (RECORD NORTH 08:: 04' 42" WEST), 271.13 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET AS SHOWN ON THE SAID PARCEL MAP; THENCE NORTH 72" 49' 02" EAST (RECORD NORTH 72' 39' 3L" EAST), 102.29 FEET; THENCE LEAVING THE SAID SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET SOUTH 62" 06' 11" EAST, 15.95 FEET; THENCE FROM A TANGENT THAT BEARS SOUTH 14" 10' 15" EAST, ALONG THE ARC OF A CURVE TO THE RIGHT WITH A RADIUS OF 375.00 FEET, A CENTRAL ANGLE OF 21` 57' 17" AND AN ARC LENGTH OF 143.69 FEET; THENCE ALONG A REVERSE CURVE TO THE LEFT WITH A RADIUS OF 825.00 FEET, A CENTRAL ANGLE OF 15" 22' 00" AND AN ARC LENGTH OF 221.26 FEET; THENCE SOUTH 07' 34' 58"EAST,44.85 FEET TO THE POINT OF BEGINNING. SAID DESCRIPTION IS PURSUANT TO CITY OF UKIAH BOUNDARY LINE ADJUSTMENT NO. 02- 29 DISCLOSED BY QUITCLAIM DEED RECORDED OCTOBER 25, 2002, INSTRUMENT NO. 2002-23305, OFFICIAL RECORDS, 18 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza PARCEL TWO: COMMENCING AT A 1 1.14 INCH IRON PIPE ON THE WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD AT THE SOUTHERLY TERMINUS OF THE COURSE"SOUTH 09" 47' 26" EAST, 225.30 FEET" AS SHOWN ON A PARCEL MAP FILED IN MAP CASE 2, DRAWER 48, PAGE 25, MENDOCINO COUNTY RECORDS, THE SAID IRON PIPE ALSO MARKING THE NORTHEAST CORNER OF THAT 4.68 ACRE PARCEL AS SHOWN ON A RECORD OF SURVEY MAP FILED IN MAP CASE 2, DRAWER 22, PAGE 71, MENDOCINO COUNTY RECORDS; THENCE NORTH 09" 37' 32" WEST (RECORD NORTH 09' 47' 26" WEST ALONG THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD, 225.30 FEET TO THE POINT OF BEGINNING: THENCE LEAVING THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD SOUTH 82° 25' 02" WEST, 147.57 FEET; THENCE FROM A TANGENT THAT BEARS NORTH 05" 52' 15" EAST ALONG THE ARC OF A CURVE TO THE RIGHT WITH A RADIUS OF 775.00 FEET, A CENTRAL ANGLE OF 01`'54' 47" AND AN ARC LENGTH OF 25.88 FEET; THENCE ALONG A REVERSE CURVE TO THE LEFT WITH A RADIUS OF 425.00 FEET, A CENTRAL ANGLE OF 22c 20' 30" AND AN ARC LENGTH OF 165.72 FEET; THENCE NORTH 28' 5 F 04" EAST, 15.92 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET; THENCE ALONG THE SAID SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET NORTH 72" 49' 02" EAST (RECORD NORTH 72" 39' 31" EAST), 113.33 FEET TO THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD; THENCE LEAVING THE SAID SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET AND ALONG THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD, SOUTH 09" 37' 32" EAST (RECORD SOUTH 09:' 47' 26"EAST),221.14 FEET TO THE POINT OF BEGINNING. SAID DESCRIPTION IS PURSUANT TO CITY OF UKIAH BOUNDARY LINE ADJUSTMENT NO. 02- 29 DISCLOSED BY QUITCLAIM DEED RECORDED OCTOBER 25,2002, INSTRUMENT NO.2002-23306, OFFICIAL RECORDS. PARCEL THREE: BEGINNING AT A 1 114 INCH IRON PIPE ON THE WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD AT THE SOUTHERLY TERMINUS OF THE COURSE "SOUTH 09c 47' 26" EAST, 225.30 FEET" AS SHOWN ON A PARCEL MAP FILED IN MAP CASE 2, DRAWER 48, PAGE 25, MENDOCINO COUNTY RECORDS, THE SAID IRON PIPE ALSO MARKING THE NORTHEAST CORNER OF THAT 4.68 ACRE PARCEL AS SHOWN ON A RECORD OF SURVEY MAP FILED IN MAP CASE 2, DRAWER 22 PAGE 71, MENDOCINO COUNTY RECORDS; THENCE LEAVING THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD SOUTH 82" 25' 02" WEST (RECORD SOUTH 82" 15' 08" WEST) ALONG THE NORTH LINE OF THE SAID 4.68 ACRE PARCEL, 176.87 FEET; THENCE LEAVING THE SAID NORTH LINE NORTH 07° 34' 58" WEST, 44.85 FEET; THENCE ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 775.00 FEET, A CENTRAL ANGLE OF 11: 19 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza 27' 13" AND AN ARC LENGTH OF 181.98 FEET; THENCE NORTH 82" 25' 02" EAST, 147.57 FEET TO THE SAID WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD; THENCE SOUTH 09' 37' 32" EAST (RECORD SOUTH 09° 47' 26" EAST) ALONG THE SAID WESTERLY RIGHT OF WAY LINE, 225.30 FEET TO THE POINT OF BEGINNING. SAID DESCRIPTION IS PURSUANT TO CITY OF UKIAH BOUNDARY LINE ADJUSTMENT NO. 02- 29 DISCLOSED BY QUITCLAIM DEED RECORDED OCTOBER 25, 2002, INSTRUMENT NO. 2002-23307,OFFICIAL RECORDS. EXCEPTING FROM PARCELS ONE, TWO AND THREE, ALL THAT PORTION DESCRIBED IN THE QUITCLAIM DEED IN FAVOR OF UKIAH SUMMERCREEK ASSOCIATES, RECORDED OCTBER 25, 2002, INSTRUMENT NO. 2002-23304, OFFICIAL RECORDS. PARCEL FOUR: A NON-EXCLUSIVE EASEMENT, AS AN APPURTENANCE TO PARCELS ONE, TWO AND THREE DESCRIBED ABOVE, FOR INGRESS, EGRESS AND PUBLIC UTILITY PURPOSES MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A 1 114 INCH IRON PIPE ON THE WESTERLY RIGHT OF WAY LINE OF THE NORTHWESTERN PACIFIC RAILROAD AT THE SOUTHERLY TERMINUS OF THE COURSE "SOUTH 09" 47' 26" EAST, 225.30 FEET" AS SHOWN ON A PARCEL MAP FILED IN MAP CASE 2 DRAWER 48 PAGE 25 MENDOCINO COUNTY RECORDS, THE SAID IRON PIPE ALSO MARKING THE NORTHEAST CORNER OF THAT 4.68 ACRE PARCEL AS SHOWN ON A RECORD OF SURVEY MAP FILED IN MAP CASE 2, DRAWER 22, PAGE 71, MENDOCINO COUNTY RECORDS; THENCE SOUTH 82° 25' 02" WEST (RECORD SOUTH 82"15' 08" WEST) ALONG THE NORTH LINE OF THE SAID 4.68 ACRE PARCEL 176.87 FEET TO THE POINT OF BEGINNING: THENCE CONTINUING ALONG THE SAID NORTH LINE OF THE 4.68 ACRE PARCEL SOUTH 820 25' 02" WEST, 50.00 FEET; THENCE LEAVING THE SAID NORTH LINE OF THE 4.68 ACRE PARCEL NORTH 07"34' 58" WEST, 44.85 FEET; THENCE ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 825.00 FEET, A CENTRAL ANGLE OF 15° 22' 00" AND AN ARC LENGTH OF 221.26 FEET; THENCE ALONG A REVERSE CURVE TO THE LEFT WITH A RADIUS OF 375.00 FEET, A CENTRAL ANGLE OF 21° 57' 17" AND AN ARC LENGTH OF 143.69 FEET THENCE NORTH 620 06' 11" WEST, 15.95 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET; THENCE ALONG THE SAID SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET NORTH 72° 49' 02" EAST (RECORD NORTH 720 39' 3 1" EAST), 72.79 FEET; THENCE LEAVING THE SAID SOUTHERLY RIGHT OF WAY LINE OF GOBBI STREET SOUTH 28° 51' 04" WEST, 15.92 FEET; THENCE ALONG CURVE TO THE RIGHT WITH A RADIUS OF 425.00 FEET, A CENTRAL ANGLE OF 220 20' 30" AND AN ARC LENGTH OF 165.72 FEET; THENCE ALONG A REVERSE CURVE TO THE LEFT WITH A RADIUS OF 775.00 FEET, A CENTRAL ANGLE OF 15° 22' 00" AND AN ARC LENGTH OF 207.86 FEET; THENCE SOUTH 07' 34' 58" EAST, 44.85 FEET TO THE POINT OF BEGINNING. 20 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza CONTRACT INFORMATION CONTRACT No.: (gI 01 - 1q,5- SUBMITTED BY: A&a Date: PERSON/COMPANY: PROJECT NAME: v�-cw vim. V City Council Approval: Date: Agenda Item No.: Budget No(s): Please attach: • Sourcing method and justification (attach documentation if necessary) • Post meeting staff report showing approval • Documentation or description showing funding • Insurance Documents ADDITIONAL COMMENTS:_ M7 yL t� 'ft AA This instrument prepared by and when recorded return to: Ukiah Gobbi Street LP 5251 Ericson Way Arcata, CA 95521 RECIPROCAL EASEMENTS, MAINTENANCE,AND USE AGREEMENT This Reciprocal Easements, Maintenance, and Use Agreement (this "Agreement") is dated as of , 2023, by and between UKIAH SUMMERCREEK ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP, whose address is 3351 M Street, Merced, CA 95348 ("Summercreek Owner"), and UKIAH GOBBI STREET LP, a California limited partnership, whose address is 5251 Ericson Way, Arcata, CA 95521 ("Acorn Owner"). Summercreek Owner and Acorn Owner are sometimes individually referred to herein as a "Party"or collectively as the "Parties." RECITALS A. Summercreek Owner owns certain real property in the City of Ukiah, Mendocino County, State of California, located at 755 Village Circle more particularly described on Exhibit "A" attached hereto ("Summercreek Land"). B. Acorn Owner owns certain real property in the City of Ukiah, Mendocino County, State of California, located adjacent to the Summercreek Land at the corner of Gobbi Street and Village Circle and more particularly described on Exhibit"B"attached hereto ("Acorn Land"). C. Summercreek Owner has developed a 64-unit affordable apartment community commonly known as "Summercreek Village" ("Summercreek") on the Summercreek Land. In addition to affordable apartments, Summercreek contains a community center, an outdoor children's play area, and outdoor recreation areas and amenities (collectively, "Summercreek Amenities") for the use of the tenants, guests, and invitees of residents of Summercreek. D. Acorn Owner intends to develop a 71-unit affordable apartment community to be known as "Acorn Valley Plaza" ("Atom") on the Acorn Land. In addition to affordable apartments, Acorn contains an outdoor children's play area, and outdoor recreation areas and amenities (collectively, "Acorn Amenities") for the use of the tenants, guests, and invitees of residents of Acorn. E. The Summercreek Land and the Acorn Land are sometimes referred to individually herein as a"Parcel" and collectively as the "Parcels." F. Summercreek Owner desires to allow the Acorn Owner, and the employees, agents, tenants, guests, and invitees of Acorn (collectively, the "Acorn Parties") to have access to the Summercreek Amenities in the same manner as the tenants, guests, and invitees of Summercreek, all subject to the terms of this Agreement. G. Acorn Owner desires to allow the Summercreek Owner, and the employees, agents, tenants, guests, and invitees of Summercreek (collectively, the "Summercreek Parties") to have access to the Acorn Amenities in the same manner as the tenants, guests and invitees of Acorn, all subject to the terms of this Agreement. H. Summercreek Owner and Acorn Owner previously entered into that certain unrecorded Sharing Agreement dated February 27, 2021 ("Sharing Agreement") that relates to the subject matter of this Agreement. Upon the recordation of this Agreement in the official records of Mendocino County, California ("Official Records"), the Sharing Agreement shall be deemed terminated and the Parties shall have no further rights or obligations thereunder. NOW, THEREFORE, in consideration of the foregoing and mutual representations, warranties, covenants, and agreements herein contained, and such other consideration, the receipt of which is hereby acknowledged by the Parties, the Parties agree as follows: 1. Incorporation of Recitals. The foregoing recitals are incorporated into this Agreement. 2. Term and Commencement Date. The commencement date of this Agreement shall be the date of recordation of this Agreement in the Official Records or such later date set forth herein. The covenants under this Agreement are to run with the land in perpetuity and will be binding on all parties and all persons claiming under them. 3. Mutual Use Easements. 3.1 Grant of Summercreek Easement; Use and Enjoyment of the Summercreek Amenities. Subject to the terms and conditions of this Agreement, Summercreek Owner hereby grants to the Acorn Parties, an easement for the non-exclusive use of the Summercreek Amenities, under the same terms and conditions that the Summercreek Owner and Summercreek Parties may use the Summercreek Amenities. Such rights of the Acorn Parties shall include an easement for ingress and egress over such other portions of the Summercreek Land as may be reasonably necessary to carry out the intent of this Agreement. The Summercreek Owner, with the consultation of Acorn Owner, shall have the right to establish, administer and enforce reasonable and non-discriminatory rules and regulations governing the use and enjoyment of the Summercreek Amenities, and Acorn Owner on its own behalf and on behalf of the acorn Parties, by signing this Agreement, agree to abide by such rules and regulations, provided such rules and regulations shall not materially and adversely affect the Acorn Owner or the Acorn Parties. The Summercreek Owner shall not enter into any agreement or do or suffer any other act or permit any condition which would unreasonably interfere with the reasonable access to, and use of the Summercreek Amenities by the Acorn Parties as set forth herein. 2 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza 3.2 Grant of Acorn Easement, Use and Enjoyment of the Acorn Amenities. Subject to the terms and conditions of this Agreement, Acorn Owner hereby grants to the Summercreek Parties, an easement for the non-exclusive use of the Acorn Amenities, under the same terms and conditions that the Acorn Owner and Acorn Parties may use the Acorn Amenities. Such rights of the Summercreek Parties shall include an easement for ingress and egress over such other portions of the Acorn Land as may be reasonably necessary to carry out the intent of this Agreement. The Acorn Owner, with the consultation of Summercreek Owner, shall have the right to establish, administer and enforce reasonable and non-discriminatory rules and regulations governing the use and enjoyment of the Acorn Amenities, and Summercreek Owner on its own behalf and on behalf of the acorn Parties, by signing this Agreement, agree to abide by such rules and regulations, provided such rules and regulations shall not materially and adversely affect the Summercreek Owner or Summercreek Parties. The Acorn Owner shall not enter into any agreement or do or suffer any other act or permit any condition which would unreasonably interfere with the reasonable access to, and use of the Acorn Amenities by the Summercreek Parties as set forth herein. The term of the easements set forth in Section 3.1 and 3.2 hereof shall commence with respect to each Parcel on the date that the respective Owner receives its final certificate of occupancy from the City of Ukiah (each, an"Occupancy Date"). 3.3 Indemnification. 3.3.1. Unless caused by the negligence or willful misconduct of Acorn Owner, Summercreek Owner hereby agrees to defend, indemnify and hold Acorn Owner harmless from and against any and all claims, liabilities, loss, damage, cost or expense, including, but not limited to, attorneys' fees and court costs, which may be incurred or suffered by Acorn Owner in connection with (i) failure by the Summercreek Owner to comply fully with its obligations under this Agreement, and,'or (ii) the use of the Acorn Land by the Summercreek Parties. This provision shall survive the expiration or termination of this Agreement. 3.3.2. Unless caused by the negligence or willful misconduct of Summercreek Owner, Acorn Owner hereby agrees to defend, indemnify and hold Summercreek Owner harmless from and against any and all claims, liabilities, loss, damage, cost or expense, including, but not limited to, attorneys' fees and court costs, which may be incurred or suffered by Summercreek Owner in connection with (i) failure by the Acorn Owner to comply fully with its obligations under this Agreement, and.'or (ii) the use of the Summercreek Land by the Summercreek Parties. This provision shall survive the expiration or termination of this Agreement. 4, Maintenance Obligations and Cost Sharing_ 4.1 Maintenance and Costs. 4.1.1. Summercreek Owner shall maintain and repair the Summercreek Amenities, and other common improvements and buildings located on the Summercreek Land, in such a manner as not to limit or impair the non-exclusive uses of the Summercreek Amenities as provided for herein. The cost of such repair and maintenance of the Summercreek Amenities 3 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza shall be the joint responsibility of Summercreek Owner and Acorn Owner. Commencing on the Acorn Occupancy Date, Summercreek Owner shall be responsible for 70%' and Acorn Owner shall be responsible for 30"o of all costs and expenses incurred in connection with such operation, maintenance, replacement, and repair of the Summercreek Amenities ("Summercreek Costs"). The determination of the requirement for, or manner of performing, any maintenance, repair, replacement, or improvement to the Summercreek Amenities shall be determined by the Summercreek Owner, subject to the approval of the Acorn Owner, which approval shall not be unreasonably withheld, conditioned, or delayed. Acorn Owner shall remit payment to Summercreek Owner for its share of Summercreek Costs within thirty (30) days of receipt by Acorn Owner of invoices or other evidence that such work has been performed. 4.1.2 Acorn Owner shall be responsible for performing all maintenance, repair, and replacement of improvements to the Acorn Amenities. The cost of such repair and maintenance shall be the joint responsibility of Summercreek Owner and Acorn Owner. Commencing on the Acorn Occupancy Date, Summercreek Owner shall be responsible for 70% and Acorn Owner shall be responsible for 30%' of all costs and expenses incurred in connection with such operation, maintenance, replacement, and repair of the Acorn Access Area ("Acorn Costs"). The determination of the requirement for, or manner of performing, any maintenance, repair, replacement, or improvement to the Acorn Amenities shall be determined by the Acorn Owner, subject to the approval of the Summercreek Owner, which approval shall not be unreasonably withheld, conditioned, or delayed. Summercreek Owner shall remit payment to Acorn Owner for its share of Acorn Costs within thirty (30) days of receipt by Summercreek Owner of invoices or other evidence that such work has been performed. Insurance on each of the Parcels will be maintained by each respective Parcel owner in accordance with Section 20 below and will not be shared or considered a part of the maintenance and repair costs attributed to any of the Parcels. 4.2 Failure to Perform Maintenance Obligations. If any Owner fails to comply with the maintenance requirements of Article 4.1 of this Agreement, and if such failure is not corrected within sixty (60) days following written notice of such failure to the non- complying Owner, a complying Owner shall be entitled, at its option, to perform such maintenance responsibilities upon written notice to the non-complying Owner. If the complying Owner undertakes the non-complying Owner's maintenance responsibilities, the non-complying Owner shall reimburse the complying Owner for the reasonable out-of-pocket expenses incurred by the complying Owner in completing such maintenance, repair, and replacement obligations within thirty (30) days after the non-complying Owner's receipt of written demand for payment. In no event will any breach of the terms of this Agreement result in loss of use or termination of the use and access easements provided for in Sections 3.1 and 3.2 above. 4.3 Expenses of a Party. If any maintenance, repair, replacement or capital improvements of the Acorn Amenities or Summercreek Amenities are attributable solely to one Party or its tenant(s), guest(s) or invitee(s), whether through gross negligence or otherwise, that Party and its tenant(s), guest(s) or invitee(s), shall be solely responsible for the costs and expenses of said maintenance, repair replacement or capital improvement, reasonable wear and tear excepted. 4 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza 5. Subordination of Assessments to Mortgages, Mortgagee Protection. Any costs, expenses, fees or assessments created under, or as a result of, this Agreement, including, without limitation, those related to sharing costs of maintenance obligations set forth in Section 4 hereof (collectively, "Assessments") shall be subordinate and subject to the lien of any mortgage or deed of trust, now or hereafter placed upon any Parcel ("Mortgage"), which has been made in good faith and for value and recorded in the Official Records, and the sale or transfer of any Parcel pursuant to judicial or non judicial foreclosure of such Mortgage shall extinguish any lien recorded in respect of such Assessments as to payments which became due prior to such sale or transfer; provided, however, that the owner of the affected Parcel shall continue to remain personally liable for the Assessments. No sale or transfer shall relieve such Parcel from lien rights for any Assessments thereafter becoming due nor from the lien of any subsequent Assessment. Where the mortgagee ("Mortgagee") of a Mortgage or other purchaser of a Parcel obtains title to the same as a result of foreclosure, such purchaser and their successors or assigns shall not be liable for Assessments chargeable to such Parcel which became due prior to the acquisition of title to such Parcel by such Mortgagee or other purchaser. Notwithstanding anything to the contrary herein, no breach of this Agreement shall defeat, render invalid, diminish or impair the lien of any mortgage or deed of trust made in good faith for value now or hereafter encumbering any Parcel or any portion thereof. Any party acquiring title to any Parcel or any portion thereof pursuant to the foreclosure or deed-in- lieu of foreclosure of a Mortgage shall not be liable for any fines, penalties, reimbursement obligations or other amounts owing under this Agreement which arise prior to the date such party acquires title to any Parcel or any portion thereof(provided, however, such party shall be liable under this Agreement for Assessments attributable to the acquired Parcel for any amounts arising after the date such party acquires title to any Parcel). 6. Entire Agreement. This Agreement constitutes the whole agreement between the Parties hereto and no warranties, agreements or representations have been made or shall be binding upon either Party unless set forth within this Agreement or within a written addendum executed by all Parties hereto. All prior oral agreements between the Parties are superseded by this Agreement. 7. Amendments. This Agreement may not be amended, modified, changed, or terminated except by a writing signed by all the Parties hereto, the Summercreek Owner investor Limited Partner, and the Acorn Owner Investor Limited Partner. A Party may waive one or more of its rights under this Agreement in writing signed by the Party and such writing need not be recorded. Otherwise, no modification or amendment of any provision of this Agreement shall be binding unless signed by both Parties and consented to by the Summercreek Owner Investor Limited Partner and the Acorn Owner Investor Limited Partner and recorded against the Parcels in the real property records of Mendocino County, California. 8. Notice. (a) All notices shall be addressed to the parties at such addresses as are specified in page I to this Agreement, or as the parties may from time to time direct in writing. Specifically, the Parties agree to give the Investor Limited Partners (as defined below) and any Mortgagee of a Parcel prompt written notice of any default by the other Party under this Agreement. Any notice under this Agreement shall be in writing and be delivered in person or by public or private courier service (including U.S. Postal Service Express Mail and Federal Express)or certified mail or by electronic mail. Any notice given by certified mail shall be sent 5 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza with return receipt requested. All notices pursuant to facsimile shall be sent to such facsimile number as the parties may direct in writing. Any notice shall be deemed to have been given on (a) actual day or delivery or refusal, (b) the day of mailing by registered or certified mail, or(c) the day electronic mail delivery is verified. (b) Notice to Investor Limited Partners. Acorn Owner agrees to give Alliant Tax Credit Fund XXIV, Ltd., Summercreek Owner's investor limited partner ("Summercreek Owner Investor Limited Partner"), written notice of any and all defaults by Summercreek Owner under this Agreement, and an opportunity, at the Summercreek Owner Investor Limited Partner's option, to cause the cure of such default within the cure periods set forth herein, prior to exercising any remedies under this Agreement. Acorn Owner agrees that the Summercreek Owner Investor Limited Partner will have thirty (30) days after the Summercreek Owner Investor Limited Partner's receipt of notice of such default to cure, or, as to non-monetary defaults, such longer period as is reasonably necessary for the Summercreek Owner Investor Limited Partner to effect a cure, provided that curative action is commenced within the cure period and diligently prosecuted. Acorn Owner agrees to accept cure by the Summercreek Owner Investor Limited Partner as if such cure were made by Summercreek Owner. All notices to Summercreek Owner Investor Limited Partner shall be sent in accordance with the procedures for delivering notices set forth herein to the following address or such alternate or additional contact names and/or addresses of which Acorn Owner is so notified in writing by the Summercreek Owner Investor Limited Partner: Alliant Tax Credit Fund XXIV, Ltd. c:'o Alliant Asset Management Company LLC 21550 Oxnard Street, Suite 1020 Woodland Hills, CA 92367 Phone: 818-668-6800 Summercreek Owner agrees to give to BF FRE 2018, Limited Partnership, a Massachusetts limited partnership, together with its successors and assigns, Acorn Owner's investor limited partner("Acorn Owner Investor Limited Partner"), written notice of any and all defaults by Acorn Owner under this Agreement, and an opportunity, at the Acorn Owner Investor Limited Partner's option, to cause the cure of such default within the cure periods set forth herein, prior to exercising any remedies under this Agreement. Summercreek Owner agrees that the Acorn Owner Investor Limited Partner will have thirty (30) days after the Acorn Owner Investor Limited Partner's receipt of notice of such default to cure, or, as to non-monetary defaults, such longer period as is reasonably necessary for the Acorn Owner Investor Limited Partner to effect a cure,provided that curative action is commenced within the cure period and diligently prosecuted. Summercreek Owner agrees to accept cure by the Acorn Owner Investor Limited Partner as if such cure were made by Summercreek Owner. All notices to Acorn Owner Investor Limited Partner shall be sent in accordance with the procedures for delivering notices set forth herein to the following address or such alternate or additional contact names and/or addresses of which Summercreek Owner is so notified in writing by the Acorn Owner Investor Limited Partner. 6 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza BF FRE 2018, Limited Partnership c/o Boston Financial Investment Management, LP 101 Arch Street, 13th Floor Boston, MA 02110 Attention: Asset Management-- Acorn Valley Plaza With a copy to: Holland & Knight LLP 10 St. James Avenue, 11 th Floor Boston, MA 02116 Attention: Kristen M. Cassetta, Esq. 9. Time. Time is of the essence of this Agreement. 10, Counterparts, This Agreement may be executed in counterparts and upon every Party having executed a counterpart, each signed copy shall have the same force and effect as an original document and as if the Parties to the counterparts had signed the same document. 11. Binding Agreement. This Agreement shall extend to and bind the representatives, successors and assigns of the parties hereto. 12. Severability. If any term or provision of this Agreement or the application of it to any Party or circumstance shall to any extent be invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to Parties or circumstances, other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and shall be enforced to the extent permitted by law. 13. Not a Partnership. The provisions of this Agreement are not intended to create, nor shall they be in any way interpreted or construed to create a joint venture, partnership, or any other similar relationship between the Parties. 14. Captions and Headings. The captions and headings in this Agreement are for reference only and shall not be deemed to define or limit the scope or intent of any of the terms, covenants, conditions or agreements contained herein. 15. Construction. In construing the provisions of this Agreement and whenever the context so requires, the use of a gender shall include all other genders, the use of the singular shall include the plural, and the use of the plural shall include the singular. 16. Exhibits and Recitals. The recitals above, mortgagee consents, and exhibits attached hereto are incorporated herein and made a part hereof to the full extent as if each were set forth in its entirety in the body hereof. 17. Interpretation. This Agreement is intended to satisfy the requirements of Internal Revenue Code Section 42, as amended, and the treasury regulations promulgated thereunder and all applicable affordable housing requirements and shall be interpreted consistently 7 Easement and Shared Use Agreement Ukiah Acorn Valley Plaza therewith. If this Agreement does not satisfy any such requirement, it shall be retroactively amended in the smallest amount possible so as to comply with such requirements. The parties agree to make any adjustments necessary to facilitate such compliance. 18. Estoppel Certificates. From time to time, upon written request of either party or any of their mortgagees, limited partners, successors or assigns, each party shall execute and deliver to the requesting party an estoppel certificate confirming whether there are any defaults under this Agreement and such other matters as such requesting party shall reasonably request. 19. Choice of Law. This Agreement and all rights and obligations of the parties hereunder will be governed by and construed and interpreted in accordance with the laws of the State of California. 20. Insurance. Each owner of a Parcel shall maintain adequate insurance, including comprehensive broad form general liability insurance in the amount of$1,000,000.12,000,000, covering any use, operation, repair or maintenance of the amenities located within its Parcel. In addition, each Party shall cause their insurance carrier to name the other as additional insured on its general liability policy and shall provide evidence of such insurance to the other Party upon request. This provision shall survive the expiration or termination of the Agreement. 21. No Public Dedication. Nothing contained herein shall be deemed to be a gift or dedication of any portion of the Summercreek Land or Acorn Land for the benefit of the general public or for any public purposes whatsoever, it being the intention of the parties hereto that this Agreement shall be strictly limited to the purposes herein expressed. [Signatures appear on the following page.] Easement and Shared Use Agreement Ukiah Acorn Valley Plaza IN WITNESS WHEREOF, Summercreek Owner and Acorn Owner have executed this Agreement as of the day, month and year first above written. SUMMERCREEK OWNER: UKIAH SUMMERCREEK ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP, a California limited partnership By: Johnson & Johnson Investments, LLC, a California limited liability company, its Co-General Partner By: Daniel Johnson Manager By: Roope, LLC, an Idaho limited liability company, its Co-General Partner By: Caleb Roope Manager By: Central Valley Coalition for Affordable Housing, a California nonprofit public benefit corporation, its Managing General Partner By: Christina Alley CEO Easement and Shared Use Agreement Ukiah Acorn Valley Plaza ACORN OWNER: UKIAH GOBBI STREET LP, a California limited partnership By: Ukiah Gobbi Street LLC, a California limited liability company, its Administrative General Partner By: Danco Communities, a California corporation, its Manager By: Daniel Johnson President By: Community Revitalization and Development Corporation, a California nonprofit public benefit corporation, its Managing General Partner By: David Rutledge President In Easement and Shared Use Agreement Ukiah Acorn Valley Plaza A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ) On before me, , a Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ics), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. Notary Public (SEAL) ] l Easement and Shared Use Agreement Ukiah Acorn Valley Plaza A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ) On before me, , a Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his.`here'their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. Notary Public (SEAL) 17. Easement and Shared Use Agreement Ukiah Acorn Valley Plaza