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� �ooi--: �+t�;"�� �=�a�ge: �+1'3 <br /> event of defauit is one which cannot be reasonabiy cured within a thirty (30) day <br /> period, upon request and with the appropriate showings the cure period shall be <br /> extended for such time as is reasonably necessary for the curing of the same, so <br /> long as there is diligent proceeding to cure such event of default. If an event of <br /> default is cured within either the original thirty (30) day period or a reasonable <br /> extension thereof, the event of default shall not be deemed a "defaulY' under this <br /> agreement. An event of default not cured as provided herein shall constitute a <br /> default under this agreement. Any failure or delay by either party in asserting <br /> any of its rights or remedies as to any event of default or default shall not operate <br /> as a waiver of any such event of default or default. <br /> The sole remedy of Owner in the event of default by City shall be to <br /> institute legal action against City for specific perFormance or other equitable <br /> relief. Under no circumstances shall City be subject to any monetary liability or be <br /> liable for damages (compensatory or punitive) under the terms of this agreement. <br /> Owner's failure to cure, correct or remedy any event of default shall <br /> constitute default under the terms of this agreement. Upon Owner's default <br /> under the terms of the agreement, Owner shall be indebted to City for the full <br /> sum of moneys advanced by City under this agreement, which sums shall be <br /> immediately due and payable to City. <br /> 10. All notices, demands, requests, consents, approvals of other <br /> instruments required or permitted under this agreement shall be in writing and <br /> shall be executed by the party or an officer, agent or attorney of the party and <br /> shall be deemed effective as of the date of actual delivery, if delivered personally, <br /> or as of the third (3�d) day from and including the date of posting, if mailed by <br /> registered or certified mail, return receipt requested, with postage prepaid, <br /> addressed as follows (or to such other address as is provided by notice) <br /> 5 <br /> U dated 4/2010 <br /> p <br />