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Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES 7.01 Right of Reverter. In the event that following close of escrow, this Agreement is terminated pursuant to Section 6.04 of this Agreement and such termination occurs prior to Developer's satisfaction of the requirements for issuance of the Certificate of Completion, then the Agency shall have the right, at its election, to reenter and take possession of the Property and all improvements thereon and to revest in the Agency the estates of Developer therein. Upon revesting in the Agency of title, the Agency shall promptly use its best efforts to resell the Property consistent with its obligations under state law. Upon sale the proceeds shall be applied as follows: (a) First, to reimburse the Agency or San Leandro for any costs it incurs in managing or selling the Property including but not limited to amounts to discharge or prevent liens or encumbrances arising from any acts or omissions of Developer; (b) Second, to repay any outstanding loans or promissory notes owed by Developer to the City of San Leandro or the Agency; (c) Third, to the Developer up to the sum of the amount paid to the Agency for the Property and the reasonable cost of the Improvements Developer has placed on the portion of the Property reverting to the Agency; and (d) Fourth, any balance to the Agency. The rights of the Agency pursuant to this Section 7.01 shall be set forth in the Grant Deed. 7.02 Construction Plans. If the Agreement is terminated pursuant to Section 6.04 of this Part, Developer shall deliver to the Agency copies of any development or construction plans Developer has had prepared for the Improvements on the Property. Developer does not warrant or guarantee the correctness or usability of any plans delivered to Disposition and Development Page 30 Agreement (Creekside Center) 7/23/97, 8/5/97, 8/11/97, 8/12/97