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__ <br />improvements. <br />F. Future Parking Lot Li h��. Select shall provide lighting, as appro�ed by the <br />City Plan�er, for any futuare expansion af parking areas. <br />G. Bindin� Effect. The terms and provisions of tlus Agreement shall be bind'zng <br />upon and in�re to the beneiit of �he heirs, representatives, successors and assigns <br />of ihe parties hereto and shall be binding upon aIl fiz#ure owners of all or any <br />part of the Property. This Agreement, at the option o� the City, sha11 be placed <br />of record so as to give natice thereto to any subsequent purchaser� and <br />encurnbrances of all or any part of the Property and all recording fees, if any, <br />shall be paid by Select. <br />H. Default. The occurrence of any o� tl�e �ollawing shall be considered an"Event <br />af Default" in the terms and conditions cantained in this Agreement: <br />1. Failure of Select to comply with any of the terms and conditions coniained <br />in this Agreement. <br />2. Failure of Select to comply with any applicable ardinance or statuie rvi�h <br />respect to the development of the Property. <br />I. Remedies. Upon the occurrence of any Event of Defauli, the City, in addition to <br />any other rernedy which may be available to it, shall be permitted to do any of the <br />following: <br />1. City may make advances or take ather steps to cure tl�e defauit, and, where <br />necessary, enter Lot 1 far that puzpose. Select shall pay ail sums sa <br />advanced ar expenses incurred by the City, upon de�nand, with iniexest <br />from ihe dates of such advances or expenses at the rate af 10% pex annum. <br />No action taken by the City pursuant to this section sha.11 be deemed to <br />relieve Select frorr� curing any such default ta the extent fihat it is not cured <br />by �he City or frorn any other default hereunder. Tk�e City shall not be <br />obligated, by virtue af ihe existence ar exercise of this right, to perform <br />any such act or cure any such defauli. Select shall save, indemni�y, and <br />hold harmiess, including reasonable attorney %es, the City from any <br />liabiliiy ar ather darnages which may be inc�ured as a result of the <br />exercise af the City's rights pursuant to this section. <br />2. Obtain an Order fram a Court of corr�petent j�arisdiction requiring Select to <br />specifically perform its obligations pursuant to the tertns and provisions af <br />this Agreement. <br />3. Exercise any other remedies which may be available to it including an <br />action for damages. <br />4. Withhold the issuance of any or all building permi#s and/or prohibit the <br />occ�pancy of the bu'rlding for which permits have been issued; provided <br />5 <br />