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EXHIBIT 3 Tf the breach is not cured Lrr or before the dote specified in the notice or such longer period as provided above or in the City Loan Note or Lhe Agreement, the Beneficiary, at the Bencliciary':; option, may: (a) declare all of the Alma acuucd by this City Dccd of Trust to be immediately due and payable without finther demand and may invoke the power of sale and any other remedies permitted by California law, (b) either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a cow t, and wilhoul regard Lo the adequacy of its security, ahler upon Lhc Security and Lake possession thereof (or any part then of,) and of any of the Security, in its own name or in the name of the Trustee, and do any acts which it deems necessaiy or desirable to preserve the value or marketability of the Property, or part thereof or interest therein, increase the income therefr-otn or protect the security thereof- The entering upon and taking possession of the Security shall not cure or waive any breach hereunder or invalidate any act done in response to such breach and, notwithstanding the continuance in possession of the Security, the I lcrleticiary shall be entitled to exercise every right provided for in this Deed ofllnst, or by law upon occurrence of any uncured breach, including the right to exercise the power of sale; (c) commence an action to foreclose this Deed of Trust as a mortgage, appoint a rce ivcr, or specifically enforce any of the covenants hereof, (d) deliver to the Trvstcc a written declaration of default and demand for sale, pursuant to the provisions for notice of sale found at California Civil Code Sections 2924. et seq., as amended from time to time; or (e) exercise all other rights and remedies provided herein, in the instruments by which Trustor acquires Lille to any Security, or in any other dOCLanent or agreenhenL now or hacallcr evidencing, creating or scetuing all or any portion of Lhe obligations sccurcd hereby, or provided by law. NouuiLhslanding anything to Lhe contrary herein, Beneficiary hereby agrees that any care of any default made or tendered by Trustor's limited partner shall be desired to he a tun by Trustor and shrill be accepted or rcjc eted on the saine basis as if made or teildend by Trustor. The Beneficiary shall be entitled to collect all reasonable costs and expense; incurred in putsuing the remedies provided in this paragraph, including, but not lirrliLed to. reasonable attomevs fees. 19. Tru tor's Righl to Reinslate. Notwithstanding the Beneficiary's acceleration of Lhe sLuns sccurcd by this City Deal of TlzrsL, TRrsLor will have Lhc tight to have any proceedings began by the. Bcncfieiary to cnforec. this City Dccd of Trust disconlinttcd at any time prior to 5 days before sale of the Security pursuant to the power of sale contained in this City Teed (if Trust or at any time prior to envy of ajudentent enforcing this City Teed of l rust if (a) I rwtorPays the Beneficiary all sums which would he then due under this CiLy Deed of Trust and no acceleration under the City Loan Note has occurred; (b) Truslor c ucs all brcachcs of any other c>vatants or agrccrnatts of Trustor contained in this Dccd of Trust and the Attordability Restrictions on Transtor of Property; (C) I illstor pays all reasonable expenses incurred by the Beneliciary and the lluslee in enforcing the covenants and agreements ofTrustor contained in Lhis City Deed ofTlust and the Afiin-dabiliLy Restrictions, and in enforcing the Beneficiary's and dre Trustee's remedies, including, but not limited to, reasonable attorneys' fees; and (d) Trustor takes such action as 111C City Council 6 21 — 68 4/20/2021