DECLINE NOTIFICATION

A “Home(ful) Foundation Notice of Charitable Housing Agreement and Endowment Contribution Requested on Conveyance” (“Charitable Housing Agreement”) has been recorded against the above-referenced “Property.”  As such, upon the resale of the Property by you (“Homeowner”), a charitable “Endowment Contribution” will be made to Home(ful) Foundation, a California nonprofit public benefit corporation (“Foundation”); provided, however, that Homeowner’s ability to make the above-referenced Endowment Contribution to the Foundation upon the resale of the Property is a voluntary decision to be made by Homeowner in Homeowner’s sole and absolute discretion.  Such Endowment Contribution will be in an amount equal to one-tenth of one percent (0.1%) of the purchase price on resale (0.001 x the total purchase price) for Homeowner’s resale of the Property.  In the event Homeowner does not wish to donate the Endowment Contribution for use in accordance with the charitable purposes of the Foundation, Homeowner may complete this “Decline Notification” in accordance with the terms of the Charitable Housing Agreement.

By Homeowner’s signature below, Homeowner indicates that Homeowner wishes to submit this Decline Notification to the Foundation and not later donate the Endowment Contribution to the Foundation when Homeowner subsequently sells the Property. 

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