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Restxiction shall be governed by the laws of the State of California. Any legal action brought under this declaration must be instituted in the Superior Court of the County of orange, State of California} or in the Federal District Court in the Central District, Santa Ana Division. 15. In denm f i cation. Homebuyer shall pay for, defend, i nd mnl f and hold harmless Agency and the City and their respective officers, officials, a n t , employees, r pr erg t ati v , and volu nteers from and against any loss, IiabiI it x cl aim, or j ud ment relating in any manner to Hom hu yer's us a of the Property or Ho ek u er' s viol atlon of this lies trio Lion. Hom bu firer shall remain fully obligated for the payment o f taxes, liens and assessments related to the Property. There shall he no reduction in taxes for Homebuyer, nor any transfer of responsibility to Agency to make such payments, by virtue of tai i s Restriction. 16. Insurance. Horne h u r shall maintain, during the term of this Restriction, an all-risk property insurance p oli y insuring the Property in an amount equal to the fu l l replacement value of the structures on the Property. The policy shall contain a statement of obligation on behalf of the a rri r to notify the Agency of any material change, cancellation or termination of coverage at least thirty o days in advance of the effective date of such material change, can ell atio n or termination. Hom hu firer shall transmit a copy of the certificate of insurance to Agency within thirty o days of the effective date of this Restriction, and Homehu er shall annu al l transmit to Agency a copy of the certificate of insurance, signed by an authorized agent of the insurance arrier setting forth the general provisions of coverage. The copy of the certificate of insurance shall he transmitted to Agency at the address set forth in Section 24 hereof. The form, content and issuer of any rtifi c ate of insurance approved by Agency. 17v Defaults. Failure or delay by either party to perform any term or provision of th i s Restriction w hi h is not cured within thirty days after receipt o f notice from the other party constitutes a default under this Restriction: provided, however, that if such default is of the nature requiring more than thirty (3o days to cure, the defaulting party shall avoid default hereunder by commencing to cure within such thirty 0 day period} and thereafter diligently pursuing su h cure to completion. The party who so fails or delays must immediately conmence to cure, correct or remedy such failure or delay, and shadl complete such cure, correction or remedy with diligence. The injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. Except as required to protect against further damages, the injured party may not institute proceedings against the }party in default until thirty days after giving such notice. Fai 1 u r or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. 18. Non- Waiver. Failure to exercise any right Agency may have or be entitled to, in the ere nt of defaul t hereu nder, shall no t cons ti to to a w aver of su ch ri g ht or a n y of he r ri g h t i n th e event of a subsequent default. 190 Further Assurances. H meb u firer shall execute any further documents consistent with the terms of this Restriction, including documents in recordable form, as Agency shall from time to time find necessary or appropriate to effectuate its purposes in entering into this Restriction. EXH1 B 1T D -14 TO ATTACHMENT NO. 11 Affordable Housing Resale Restriction DDof 147M427 -0001