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5.12.After nottce and expiration.of the they(3 )day period, tf such default has not been cured or is not bteitlg ilxligr� #l,t, uraditt1 � erekorEh titlie nottce ith of er PaqY, .`tfl this.A gre .metttay ,, taPtlon" i �ta' ' � �tattoths ,garer�et Y ,°AlC,fin}, s ltf a,1., rr 533 or give nottce of tntelitto tort , Y, as4 c Parley tp del'a ofgap r6p6rty tat a peve�ppe x lig rJ. - i7x ua hecto, and to an 1110 A L Y YQtW�'rcpi� pyt��t( n3dv r tliat��evelo er or such Mort a `� fi. etdt ;wrrias3t `belgtlna r d rrxvided the:County With!the tiac attid addre�ssovd�ttttcer tcAd s `t`�asqu � 5ectiai 1 6 5 hereof, ana'.provtd�d� r#her,tliat atiure oft�Cdiity Q givo: uciofice sli�at( itot waive or invalidate County s remedies herettndr ptded�that seh nottccs shall 1fe givettt© site".,Personentitled thereto piYor to the exercise o remedies affecting the iriterest5of suet Persons: 5.1.3 Evidence of default may also arise to the course of a regularly scheduled periodic review of this-Agradafttt,to ,provisions of.Section 4'.hereof and,the Development Agreement Regulations:If the Ciiunty determines that:the.Deuelopec is in:default follo"Wing the completion of'the'scheduled periodic review, tlie'County'maygive the Developer written notice pursuant to this Section 5..1 specifying in said noticethe alleged nature of tate default and potential actions to cure said default where appropriate. If the alleged default is not cured or is not being diligently cured within thirty(30) days or within such-longer period specified in the notice, or the Developer waives its right to cure such alleged default,County may pursue its remedies hereunder or terminate this Agreement in the manner provided in Section 5.2. hereof. 5.2. Developer Default; County Remedies. In the event Developer is in default under the terms of this Agreement, County shall have the right to exercise any of the following remedies:. 5.2.1. To waive in its sole and absolute discretion such default as not material; 5.2.2. To refuse processing of an application for, or the granting of any permit, approval or other.land use entitlement for, development or construction of the Property or portion thereof owned or controlled by Developer, including but not limited to, but only to the extent required to protect the interests-of the County with respect to the particular default, the withholding of grading, excavation and building permits.until such time that the default is cured i and the project is in compliance with the terms of this Agreement; 5.2.3. To pursue legal remedies provided form Section 5.5. hereof; 5.2.4. To terminate this Agreement as provided in Section 5.7. hereof-, 5.2.5., To delay or suspend County performance under,the Existing Approvals or this Agreement which is delayed or precluded by the default of Developer; w02-sr-rPo%6 148 1145.2 -43-