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' � -a� : .1?�,I �'ag� : ��41 <br /> � <br /> I <br /> 11. PREPAYMENTS � <br /> Should tr�e annual incremental tax revenue generated by the�Project be sufficient to pay <br /> all cost eligible expenses, except mortgage interest buy-down, prior tp the expiration of the term <br /> of this Agreement, City may, in its sole discretion, elect to pay al tlien remaining payments <br /> (except mortgage interest buy-down) in a single lump sum payment. <br /> 12. WAIVER I <br /> Any party to this Agreement may elect tc waive any remec�y it may enjoy hereunder, <br /> provided that no such waiver shall be deemed to exist unless the plarty waiving such right or <br /> remedy does so in wr�ting. No such waiver shall c�bligate such party tc� v�-aive any ri�ht or remedy <br /> hereunder. or shall be deemed to constitute a waiver af other rights �nd remedies provided said <br /> party pursuant to this �greement. , <br /> 13. SEV�RABILITY <br /> [f any section, subsection, term or provisiora of�this Agreeme t or the applicatior�iereof <br /> to any party or circumstance shall, to any extent, be invalicd or unen orceable, the remaitzder of <br /> �aid scetion, subsection. term or pro�,�isic�n of this Agreement or the ap lication of sarr�e-�r�ies <br /> c�r circuia�st�ance5 other than those to which it is held invalid or u�ienforceable, sh�i�k be <br /> aticct�•,� il;�rebti. � <br /> I�. ILLI�1'f)1� LAW <br /> l'hi� Agreement shall be construed in accordance ��it�'� the 1aw af tlie State of lllinc�is. <br /> 15. NOTICES <br /> All notices, demands, requests, consents, approvals or oth r i��s�rumer�ts required c,r <br /> permiritd by this Agreement shall be in writing and shatl be executed hy the party ur an officer, <br /> agent or attorney of the party, and shall be deemed to have been effec ive as of ihe date of actual <br /> delivery, if delivered personally, or as of the third (3`d} da5� from �►d including tlie date uf <br /> posting, if mailed l�y registered or certified mail, return receipt reque ted, with postage prepaid, <br /> addressed as tollows� <br /> "I o DevEloper: To City: <br /> Tony Romano City of Dec tur <br /> 2�2 S. Pranklirt #1 Gary K. ndersorr Plaza <br /> Decatur, IL 62523 Decatur, IL 62�23-1 l96 <br /> Tel: (217)A_-__! Fax: ____-____ Attn: City anager <br /> E-maiL• Tel: (217) 4�24-2801 %Fax: 424-2732 <br /> E-nnail: s Ja lan�u!decaturnet.or� <br /> � <br /> Page 15 of 32 <br />