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Table of Contents <br />(continued) <br />Pa>;e <br />5.2.7 Timing of Development ................................................................................14 <br />5.2.8 Development Impact Fees ............................................................................14 <br />5.3 Cooperative Agreement ............................................................................................14 <br />6. ANNUAL REVIEW ...............................................................................................................14 <br />6.1 City and Owner Responsibilities ..............................................................................14 <br />6.2 Review Letter .............................................................................................................15 <br />6.3 Failure of Periodic Review ........................................................................................15 <br />7. DEFAULT .............................................................................................................................. 15 <br />7.1 Events of Default by Owner ...................................................................................... 15 <br /> 7.1.2 Events of Default by City ............................................................................. 15 <br />7.2 Procedure upon Breach ............................................................................................ 16 <br />7.3 Termination ................................................................................................................ 16 <br />7.5 Institution of Legal Action ........................................................................................16 <br />7.6 Multiple Owners ........................................................................................................16 <br />7.7 Alternative Dispute Resolution ................................................................................17 <br />7.8 Interim Relief .............................................................................................................18 <br />7.9 Entitlements Survive Termination ...........................................................................18 <br />7.10 Miscellaneous .............................................................................................................18 <br />8. MORTGAGEE PROTECTIONS .........................................................................................18 <br />8.1 Right to Owner/Notice/Multiple Mortgagees ..........................................................18 <br />8.2 Notice of Breach to Mortgagee or Deed of Trust Holders; Right to Cure ...........18 <br />8.3 Mortgagee Not Obligated Under the Agreement ....................................................19 <br />8.4 No Liability ................................................................................................................19 <br />8.5 No Amendment or Termination ...............................................................................19 <br />8.6 Condemnation or Insurance Proceeds .....................................................................19 <br />8.7 Title by Foreclosure ...................................................................................................19 <br />8.8 Delegation to Mortgagee ...........................................................................................19 <br />8.9 No Obligation to Cure ...............................................................................................20 <br />8.10 Separate Agreement ..................................................................................................20 <br />8.11 Estoppel Certificate ...................................................................................................20 <br />8.12 Conflicts ......................................................................................................................20 <br />9. MISCELLANEOUS PROVISIONS ..................................................................................... 20 <br />9.1 Rules of Construction ................................................................................................ 20 <br />9.2 Entire Agreement, Waivers and Amendments ....................................................... 20 <br />9.3 Project as a Private Undertaking ............................................................................. 21 <br />9.4 Incorporation of Recitals .......................................................................................... 21 <br />9.5 Captions ...................................................................................................................... 21 <br />9.6 Consent ....................................................................................................................... 21 <br />9.7 Covenant of Cooperation .......................................................................................... 21 <br />9.8 Time of Essence .......................................................................................................... 21 <br />9.9 Conflicts of Law ......................................................................................................... 21 <br />9.10 Enforced Delay; Extension of Time of Performance .............................................. 21 <br />9.11 Recording ................................................................................................................... 22 <br />DOCSOC/ 1110339v 1 1 /24579-000 1 <br />75A-12 <br />