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(2) City does not waive any claim of defect in performance by Property <br />Owner, if on periodic review the City does not propose to modify or terminate this Agreement. <br />(3) Non-performance shall not be excused because of a failure of a <br />third person. <br />(4) An express repudiation, refusal, or renunciation of the contract, if <br />the same is in writing and signed by the Property Owner, shall be sufficient to terminate this <br />Agreement and a hearing on the matter shall not be required. <br />(5) Adoption of a law or other governmental activity making <br />performance by the Owner unprofitable or more difficult or more expensive does not excuse the <br />performance of the obligation by the Property Owner. <br />(6) All other remedies at law or in equity which are not inconsistent <br />with the provisions of this Agreement are available to the parties to pursue in the event there is a <br />breach. <br />7.3 Damages upon Termination. In no event shall Property Owner be <br />entitled to any damages against City upon termination of this Agreement. <br />7.4 Institution of Legal Action. In addition to any other rights or remedies, <br />either party may institute legal action to cure, correct, or remedy any default or breach, to <br />specifically enforce any covenants or agreements set forth in the Agreement, or to enjoin any <br />threatened or attempted violation of the Agreement; or to obtain any remedies consistent with the <br />purpose of the Agreement. Legal actions shall be instituted in the Superior Court of the County <br />of Orange, State of California, or in the Federal District Court in the Central District of California, <br />Southern Division. <br />ENCUMBRANCES AND RELEASES ON PROPERTY. <br />8.1 Discretion to Encumber. This Agreement shall not prevent or limit <br />Owner, in any manner, at Owner's sole discretion, from encumbering the Property or any portion <br />of the Property or any improvement on the Property by any mortgage, deed of trust, or other <br />security device securing financing with respect to the Property or its improvement. <br />8.2 . Entitlement to Written Notice of Default. The mortgagee of a mortgage <br />or beneficiary of a deed of trust encumbering the Property or any part thereof and their successors <br />and assigns shall, upon written request to City, be entitled to receive from City written notification <br />of any default by Owner of the performance of Owner's obligations under the Agreement which <br />has not been cured within thirty (30) days following the date of default. <br />8.3 Releases. City agrees that upon written request of Property Owner and <br />payment of all fees and performance of the requirements and conditions required of Owner by this <br />Agreement with respect to the Property, or any portion thereof, City may execute and deliver to <br />Owner appropriate release(s) of further obligations imposed by this Agreement in form and <br />t t! <br />12 190 <br />