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( these resulting frem'�-+9lection and application of rentals rtos(j/ Jyved during fare. WIWSure ser ether procsedlngt)i (ll) all expenses with to poet to the forsclosun Of ether proeeadlng; (lel) the net enpmsesp it any (sacluslvs of incurred by Such holder In and as a directRmml overhead). nouns of eM ouNeaumt management of CM amount O"tva (lr) the tete of any improvements made by such holder; end (v) on �nt shad all -o the lntdnac that would Mw accrued on the aggregate of ouch aaweu d i all such amounts baeama part of the Secured Aobt and Such debt had tontlened la alatance. (C) In the event of a default or breach prior to the completion of the .. »!e'ovenanta by the Reden lspar of any successor In Interest In or of any of Its oblgatlons under, end to the holder of, any mortgage or other in strummt cresting an eaeumbranee or Ilan upon the property or part thereof, the Agency may at Its Option Cure Such default or breech, In whish sue the Agency shall N entitled, In Shall be en to and vicy this s Agroewnmitation up in any other rights or remedies to which It Shall he entitled by Shu Agraenenq Operation of 1" or otherwise, to reimburse. . sunt from the Redeveloper or successor in Interest of all costs aed enpensu Incurred y (Or by the Agency In curing such default or breach and to a lien upon the Property the part thereof to which the mortgage, encumbrance, or Ilan relates) for ert (or imbursemost" Provided: that any Such Ilan Shall be Subject always to the lion of (ancludleg may Icon contemplated. becauseet advances yet to be mads by) 40Y than eniatiag mortgages or encembrancos on the property outhorlsed by this Agreement MW t:ecuted for the sols purpose of obtaining funds to eonatrwec the 1mFromendntm Wed for rap other purpose specified In subsection (a) of taction 7. (d) For the purposes of this and other esceions of the Agreement, the term "balder' In rcfermct to • mortgage or ether mmambranes shell be deemed to 1=10" aha Insurer or g64renter of any Obligation or coaditten dedred by swab mdrtgege, lac lading bug aot 1iot ted to the Federal houslng Ccmtssloner, the OfficiAdMIRIal. of 9ettr64s atfiire. and any tutcosmor In Office of either much Nfieial. 9- la the event of AW default in or breach of this Agreement. or are of lis teams or condition@, by either party thereto or any esocessa to pets petty. Both Metz (or Successor) shall. open wri.,ton &*tics from the other. proceed to_ . mediately to Curt or remedy each default or brtacb, ted, to amt event, Within a0 daft after receipt of ouch .edge. In Cast Such action it not taken. of Sillithin esstly 60 Of Ciefrtime. ttohe theadefault a brth Shell not be cured or raoNled within 6414 per/ed . ggrlewad pottyeamay Institute Such procoedings u may be esctesary or dsolre.ie la its Opinion to curt or rsmedy much default or breach. Iacleding, hot not limited ten, eroceedtags to compel spselflc performance by the party lnbfault o• effects of Its obligations, and in the Case of the Agoacy, the right to Wpply the Otpsit to red to Payment of the 4185408 Suffered by It, or by the City (in the foe of loss of tax revemdS from the property (or the anticipated ingroveneato Charon• or otherwlme). see a result of the default or breach. 10. In the stmt that: (1) The Age y doss net taller ConveYaned Of the Property or possession thereof, In the manner and COWltlon and by the dots provided in this Agreement, . mod any such failure shall net be cured within 90 days after our titan demand by the Developer; or - U) The Redeveloper •heli• after preparation of Construction plans 64tls he - taetoey to sAgency. furnish tatlafsctory evidence that it has been unable, atter and despite diligent effort for a period of at lama 90 she Agency of the Construction Plans, to obtain tlronring for dsytonater appy oil by e492761 SAjil J7 r