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<br />(2) If after the cure period has elapsed, the Executive Director finds <br />and determines that Owner has not cured the default pursuant to this Section 7.2, Owner shall be <br />entitled to appeal that finding and determination to the City Council by filing an appeal with the <br />City Clerk, if at all, within fourteen (14) days after the mailing of such finding and determination <br />to Owner, or its successors, transferee, and/or assignees, as the case may be. The City Council <br />shall act upon the finding and determination of the Executive Director within ninety (90) days <br />after the filing of such appeal. In the event of a finding and determination that all defaults are <br />cured, there shall be no appeal by any person or entity. <br /> <br />(3) The City does not waive any claim of defect in performance by <br />Property Owner, if on periodic review the City does not propose to modify or terminate this <br />Agreement. <br /> <br />(4) Non-performance shall not be excused because of a failure of a <br /> <br />third person. <br /> <br />(5) An express repudiation, refusal, or renunciation of the contract, if <br />the same is in writing and signed by the Owner, shall be sufficient to terminate this Agreement <br />and a hearing on the matter shall not be required. <br /> <br />(6) 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 /> <br />(7) 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 /> <br />7.3 Damages upon Termination. In no event shall Property Owner be <br />entitled to any damages against the City upon termination ofthis Agreement for an Owner Event <br />of Default. <br /> <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 <br />California, Southern Division. <br /> <br />8. ENCUMBRANCES AND RELEASES ON PROPERTY. <br /> <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 /> <br />16 <br /> <br />11 0-20 <br />