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5.1-2. After notice and exp�ratta>�kof the they3aj day period, ifsuch-default has nat�ieen cured ac is note'ctg'd ` 'cd , � the rtk e � �a notice the other ra,��" i • a y s ' 1! - Partyo this Agremertiaat i�gptionHt� lea" � r $� tt �ttJvedttk �r� Y- vWr' " ,r': c'' �� `' y notice of><ntent�to te>�� a� as toe P"artyine� t dt�,u �{{ te ry ,'>.�x r ; i-I r �' � ' oprty ar"ani! Ott ,, 1t - 11 r � to�tAev+roper $ xsy } �i .a, i�� hereto, and tQ anyOtc`ieQfL � Cop, s q that DevelQ'bet or S ch Y N 1 _ �3� f , 1 3 + Y t51 4 s p u 1Vorta ;re t' nCt �f �t sne cttc be�"gv �ata `andas - s r ,; i� c s a y cr"15 y. i aci3 x �{ d r provi ed the Courity with the n. eyatad�A-MOss O-whtc ;pv# o ° r `t be s nt [[vvce cdrec Section-F6 5 hereof, and provktle ,t ether,rhaY�'0i1Qj o ��C irnty o�gtve s r 11 c 's is aa#wurve-or invalidate Count�+'s remedies herett di rp o tided hat sut h�hat ce shad lie iveri o ' :` such Persons entrtlecl:thereto prior t©'the exereise of retnedres affectlg the nteres5 of Stich ' Persotis� 5.1.3: Evidence of default may also-anse n the course`of a regularly scheduled periodic review of this Agreementpursu. -to'pcovis" S. Soctiotr 4:hereofand the Development Agreement Regulations: If the County determines that t'he Developer 1<s-in default following the completion ofthe,scheduled periodic review, the:Courtly may`give the Developer written notice pursuant to this Section 5..1 specifying.in.said notice the alleged nature of the 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 and the project is in compliance with the terms of this Agreement; 5.2.3. To pursue legal remedies provided for in Section 5.5. hereof; 5.2.4. To terminate this Agreement as provided in Section 5.7. hereof, 5.2.S. To delay or suspend County performance under the Existing Approvals or this Agreement which is delayed or precluded by the default of Developer; W02-S F:F PD%1481 145.2 -43-