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D. Default. The occurrence of any of the following shall be considered an <br />"Event of Default" in the terms and conditions contained in this Agreement: <br />Failure of Developer to comply with any of the terms and conditions <br />contained in this Agreement if Developer fails to correct such failure within thirty <br />(30) days after receiving written notice of such failure from the City, or if such <br />failure cannot be reasonably cured within such thirty (30) day period, then the <br />failure of the Developer to promptly commence the correction of such failure or <br />to complete the correction of such failure within a reasonable period of time. <br />2. The failure of Developer to comply with any applicable ordinance or <br />statute with respect to the development of the Property if Developer fails to <br />correct such failure within thirty (30) days after receiving written notice of such <br />failure from the City, or if such failure cannot be reasonably cured within such <br />thirty (30) day period, then the failure of the Developer to promptly commence <br />the correction of such failure or to complete the correction of such failure within a <br />reasonable period of time. <br />E. Remedies. Upon the occurrence of any Event of Default, the City, in <br />addition to any other remedy which may be available to it, shall be permitted to do any of <br />the following: <br />City may make advances or take other steps to cure the default, and, where <br />necessary, enter the Property for that purpose. Developer shall pay all reasonable <br />sums so advanced or reasonable expenses incurred by the City to cure the default, <br />upon demand, with interest from the dates of such advances or expenses at the <br />rate of 10 percent per annum. No action taken by the City pursuant to this section <br />shall be deemed to relieve Developer from curing any such default to the extent <br />that it is not cured by the City or from any other default hereunder. The City shall <br />