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(d) thereof; or there is, in violation of Article VII of this Agreement, any transfer of the Property or any part (e) the GMMHC fails to comply with any of its covenants under this Agreement, then the CITY shall have the right upon 30 days written notice to GMMHC and the GMMHC's failure to cure within such 30 day period to re-enter and take possession of the Property and to terminate and revest in the CITY the interest of the GMMHC in the Property; provided, however, that such revestiture of title shall be subject to the lien of any prior encumbrance pennitted under this Agreement. Section 7.4. No Remedy Exclusive. No remedy herein conferred upon or reserved to the CITY is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle the CITY or the GMMHC to exercise any remedy reserved to it, it shall not be necessary to give notice, other than such notice as may be required in this Article VIII. Section 7.5 No Additional Waiver Implied by One Waiver. In the event of the occurrence of any Event of Default by either party, which Event of Default is thereafter waived by the other party, such waiver shall be limited to the particular Event of Default so waived and shall not be deemed to waive any other concurrent, previous or subsequent Event of Default. ARTICLE vm. ADDITIONAL PROVISIONS Section 8.1. Conflict of Interests; Representatives Not Individually Liable. No CITY or City officer who is authorized to take part in any manner in making this Agreement in his or her official capacity shall voluntarily have a personal fmancial interest in this Agreement or benefit financially there from. No member, official, or employee of the CITY or City shall be personally liable to the GMMHC, or any successor in interest, for any Event of Default by the CITY or City or for any amount which may become due to the GMMHC or successor or on any obligations under the tenns of this Agreement. Section 8.2. A2reement to Submit to Mediation! Arbitration. If a dispute arises out of or relates to this con1ract, or the breach thereof, and if said dispute cannot be settled through direct discussions, the parties agree to first endeavor to settle the dispute in an amicable manner by mediation administered by the American Arbitration Association under its Construction Industry Rules, before resorting to arbitration. Thereafter, any unresolved controversy or claim arising out of or relating to this contract, or breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules, and judgment upon the Award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. This paragraph does not apply if the CITY elects to take one or more of the actions allowed under Section 8.2. Section 8.3. Non-Discrimination. The provisions of Minnesota Statutes Section 181.59, which relate to civil rights and non-discrimination, and any affmnative action program of the City shall be considered a part of this Agreement and binding on the GMMHC as though fully set forth herein. Section 8.4. Notice of Status and Conformance. At such time as all of the provisions of this Agreement have been fully perfonned by the GMMHC, the CITY, upon not less than five days prior written notice by the GMMHC, agrees to execute, acknowledge and deliver, without charge to the GMMHC or to any person designated by the GMMHC, a statement in writing in recordable fonn certifying the extent to which this Agreement has been perfonned and the obligations hereunder satisfied. 8