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1.Citymay make advances or take other steps to cure the default, and where necessary, 1 enter the Property for that purpose. The Developershall pay all sums so advanced or 2 expenses incurred by the Cityupon demand, with interest from the date of such advances 3 or expenses at the rate of 10% per annumor the maximum allowed by law, whichever is 4 less. No action taken by the Citypursuant to this section shall be deemed to relieve the 5 Developerfrom curing any such default or from any other default hereunder. The City 6 shall not be obligated, by virtue of the existence or the exercise of this right, to perform 7 any such act or cure any such default. 8 2.Obtain an order from a court of competent jurisdiction requiring the Developerto 9 specifically perform its obligations pursuant to the terms and provisions of this 10 Agreement. 11 3.Obtain an order from a court of competent jurisdiction enjoining the continuation of an 12 event of default. 13 4.Halt all development work and construction of improvements until such time as the event 14 of default is cured. 15 5.Withhold the issuance of a building permit and/or prohibit the occupancy of any 16 structure(s) for which permits have been issued. 17 6.Draw upon and utilize the Developer’s Financial Security to cover the costs of the City in 18 order to correct the default, the costs to complete any unfinished Public Improvements, 19 the costs to draw on the Financial Security and/ or the costs to enforce this Agreement. 20 7.Terminate this Agreement by written notice to Developer at which time all terms and 21 conditions contained herein shall be of no further force or effect and all obligations of the 22 parties imposed hereundershall be null and void. 23 8.Exercise any other remedies which may be available to it at law or in equity. 24 25 In addition to the remedies and amounts payable set forth or permitted above, upon the occurrence 26 of an event of default, the Developershall pay to the Cityall fees and expenses, including attorney’s 27 fees, incurred by the Cityas a result of the event of default, whether or not a lawsuit or other action 28 is formally taken. 29 The Developershall defend, indemnify, andhold the City and itsmayor, councilmembers, 30 employees, agents and contractors harmlessfrom any liability or damages,including reasonable 31 attorney’sfees,which may be incurred as a result of the exercise of the City’s rights pursuant to this 32 Agreement. 33 Assignment. V.The Developer may not assign this Agreement without the written permission of the 34 Roseville City Council. 35 Noticesto the Developer. W.Required notices to the Developershall be in writing, and shall be either 36 hand delivered to Peter Knaeble, or an officer, employee or agent of the Developer, or mailed to the 37 Developerby registeredor certifiedmail at the following address: 38 Golden Valley Land Co., Inc. 39 6001 Glenwood Ave. 40 Golden Valley, MN 55422 41 Page 10of16