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COATAL RIMS & GENEVA COMMONS 1
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COATAL RIMS & GENEVA COMMONS 1
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Entry Properties
Last modified
1/3/2012 3:10:31 PM
Creation date
5/31/2005 2:02:24 PM
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Contracts
Company Name
Coastal Rim Properties, inc. & Geneva Commons, LLC
Contract #
A-2005-108
Agency
Planning & Building
Council Approval Date
4/18/2005
Expiration Date
4/18/2010
Destruction Year
2015
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<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 ofthe 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 />security device securing financing with respect to the Property or its improvement. <br /> <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 <br />successors and assigns shall, upon written request to City, be entitled to receive from City <br />written notification of any default by Owner of the performance of Owner's obligations under the <br />Agreement which has not been cured within thirty (30) days following the date of default. <br /> <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 <br />this Agreement with respect to the Property, or any portion thereof, City may execute and deliver <br />to Owner appropriate release(s) of further obligations imposed by this Agreement in form and <br />substance acceptable to the Orange County Recorder or as may otherwise be necessary to effect <br />the release. <br /> <br />9. MISCELLANEOUS PROVISIONS. <br /> <br />9.1 Rules of Construction. The singular includes the plural; the masculine <br />gender includes the feminine; "shall" is mandatory; "may" is permissive. If there is more than <br />one signer of this Agreement, their obligations are joint and several. <br /> <br />9.2 Entire Agreement, Waivers and Amendments. This Agreement <br />constitutes the entire understanding and Agreement of the parties with respect to the matters set <br />forth in this Agreement. This Agreement supersedes all negotiation or previous Agreements <br />between the parties respecting this Agreement. All waivers of the provision of this Agreement <br />must be in writing and signed by the appropriate authorities of City or of Owner. All <br />amendments to this Agreement must be in writing signed by the appropriate authorities of City <br />and Owner, in a form suitable for recording in the Official Records of Orange County, <br />California. Within ten (10) days following the effective date of this Agreement, a copy of this <br />Agreement shall be recorded in the Official Records of Orange County, California. Upon the <br />16 <br />
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