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2.05 Right of Agency to Cure. <br /> In the event of a default or breach by the Developer of a mortgage, deed of trust or other security <br /> instrument prior to issuance of a Certificate of Completion for all of the Improvements, and the holder has <br /> not exercised its option to complete the Improvements, the Agency may terminate the Agreement by <br /> writing. <br /> 2.06 Holder to be Notified. <br /> The Developer, for itself, its successors and assigns hereby warrants and agrees that each term <br /> contained herein dealing with security financing and rights of holders shall be either inserted into the <br /> relevant deed of trust or mortgage or acknowledged by the holder prior to its coming into any security right <br /> or interest in the Property. <br /> 2.07 Modifications to Agreement <br /> The Agency shall not unreasonably withhold its consent to modifications of this Agreement <br /> requested by Developer's lender or lenders provided such modifications do not alter the Agency's <br /> substantive rights and obligations under this Agreement <br /> Article Three: GENERAL PROVISIONS <br /> 3.01 Notices, Demands and Communications. <br /> Formal notices, demands, and communications between the Agency and the <br /> Developer shall be sufficiently given if and shall not be deemed given unless dispatched by registered or <br /> certified mail, postage prepaid, return receipt requested or delivered personally, to the principal office of the <br /> Agency and the Developer as follows: <br /> Agency: San Leandro Redevelopment Agency <br /> 835 East 14th Street <br /> San Leandro, California 94577 <br /> Attn.: John Jermanis, Executive Director <br /> cc: Meyers, Nave, Riback, Silver & Wilson <br /> 777 Davis Street, Suite 300 <br /> San Leandro, CA 94577 <br /> Attn: Steven Meyers, Agency Counsel <br /> Developer: John Thomas Pereira <br /> 25 Saba Court <br /> San Ramon, CA 94583 <br /> Disposition and Development Page 17 of 23 <br /> Agreement 183 <br />