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• • <br /> TABLE OF CONTENTS <br /> (continued) <br /> Page <br /> ARTICLE SIX: DEFAULT 28 <br /> 6.01 Scope of Remedies 28 <br /> 6.02 No Fault of Parties. 28 <br /> 6.03 Fault of Agency. 29 <br /> 6.04 Fault of Developer 29 <br /> ARTICLE SEVEN: SPECIFIC REQUIREMENTS REGARDING REMEDIES 30 <br /> 7.01 Right of Reverter. 30 <br /> 7.02 Construction Plans 32 <br /> 7.03 Rights of Mortgagees. 32 <br /> ARTICLE EIGHT: GENERAL REQUIREMENTS AFTER CONSTRUCTION 32 <br /> 8.01 Applicability. 32 <br /> 8.02 Mandatory Language in All Subsequent Deeds, Leases and Contracts. 32 <br /> 8.03 Contents of Deed. 33 <br /> ARTICLE NINE: SECURITY FINANCING AND RIGHTS OF HOLDERS 33 <br /> 9.01 No Encumbrances Except for Development Purposes. 33 <br /> 9.02 Holder Not Obligated to Construct. 33 <br /> 9.03 Notice of Default and Right to Cure 34 <br /> 9.04 Failure of Holder to Complete Developer Improvements 34 <br /> 9.05 Holder to be Notified. 34 <br /> ARTICLE TEN: GENERAL PROVISIONS 35 <br /> 10.01 Notices, Demands and Communications 35 <br /> 10.02 Conflict of Interests. 35 <br /> 10.03 Non - Liability of Agency Officials, Employees and Agents. 35 <br /> 10.04 Force Majeure. 35 <br /> 10.05 Inspection of Books and Records 36 <br /> 10.06 Provision Not Merged With Deeds 36 <br /> 10.07 Indemnity by Developer. 36 <br /> 10.08 Liability Insurance 37 <br /> 10.09 Rights and Remedies Cumulative 38 <br /> 10.10 Real Estate Commissions. 38 <br /> 10.11 Executive Director to Act on Behalf of Agency 38 <br /> 10.12 Applicable Law; Venue. 38 <br /> 10.13 Severability 38 <br /> 10.14 Legal Actions. 38 <br /> 10.15 Binding Effect 38 <br /> 10.16 Parties Not Co- Venturers 39 <br /> 10.17 City as Third Party Beneficiary 39 <br /> 10.18 Time is of the Essence 39 <br /> 10.19 Counterparts. 39 <br /> 10.20 Complete Understanding of the Parties. 39 <br /> iI <br /> DOCSOC\74604 I v4\24258.0002 <br />