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Property as described in the Redevelopment Property Deed Ian for subject ectothe Prop y mortgage granted to secure financing righion te Miof nimum Improvemholder of ents. of th Resale of �Reac��to dPro er • Di �no on of Predeve opment Section 7.3. Rasaan or possess the Deed, the the reverting in the its ont Property art the as provided in the Redevelop the Property or any p under laws use its best mannectasothe 1City City shall, pursuant to its responsibilities or art thereof as soon and in such the City; Redevelopment Property p determined by consistent with the objectives of such law and of the shall find feasible and co onsible party or parties (as de the Minimum Program to a qualified and resp or completing who will assume the obligation of making 1, Redevelopment improvements in their stead as sh� be satisfactory to Improvements or such other P ecified for ment fin the Program. Upon such resale of the Redevelop the City and in ace once with the uses Property or part trier Property, the proceeds thereof shall be appii • all unpaid real estate taxes which opert & a drimprovements ll become (a) First, to pay meat Property due and payable with respect to the Redevelopment property resod` penalties year In which the Redevelopment Prope ynd to thereon in the calendar y including any Interest Property; and all delinquent real estate taxes, pay any id upon the date of resale of the Redevelop accrued thereon, unpaid mortgage(s) created (b) Second, to pay the principal and interest on , or any improvements portion thereof one mortgage on OW an the Redevelopment Property, or y if more than Article Y1 or any improvements thereon, Is thereon, pursuont to portion thereofb Redevelopment pr�esrty, or any po proceeds of the resale a " � created pursuant to Article ill, and insufficient t p in f and interest on each and Interest an, each such rincifut� o hen such proceeds the principal af, the p pa the resale as are a,vallable f priority, or by mutual agreement of all contending such mortgage in their order or by operation of law; partiets including the lledevelopc , emnses to retmbursc the City, for all allocable costs and eaxp in (c) Third, ersonnel, Cit , including but not llmitetd to le of ct of p ment Incurred by they ca ture s management and retold of the Redevelopment i yevfrom the connection with t t therecaptures eof R but less any income derive y anPayments made rt or p ement)i y t for property discharge any cncumbreancas or hens (except property or part thereof in connection with s�uctt man eaf at the time Of r neccmry to be made t Property or part that mortgages) existing on the llrrdevcloQroe+at Prop � or prevent from attaching or to ation% defaults or reverting of title thereto In the umbrances or lie due to 0 with resp�t to being made any subsequent en Its successors or transferees (exceptect to the: acts of the Redeveloper, obligations incurred with o on that mortgages); any et xpenditures made or aeme making or completion of th nts or any p to the e minimum imp amounts othetrwiso owing Redevelopment Property or part thereof; and any wer charges) by the Redeveloper and Its successors or City (including water an d se transferees; and to the amount equal to (i) (d) Fourth, to reimburse the Redeveloper up the Ree°neveloper for the aid to the tatty by the �mm of the Purchase Price allocable to the part thereof and the cash actually Redevelopment Property (or allocable In making any of the Minimum Improvements on the invested by the Redevelop 17