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JAH:djm 03/06/90R (REDEV) JAH:djm 03/19/90R JAH:djm 04/04/90R §1010 Specific Performance When the Developer has the right under this Agreement to conveyance from the Agency of the Acquisition Parcels and the Agency is in Default with regard to such conveyance, the Developer shall have the right of specific performance to obtain such conveyance and any acts necessary thereto, in addition to any other remedies the Developer may have, which remedies shall be cummulative. §1011 Reentry and Revesting of Title in the Agency After Conveyance The Agency has the right, at its option, to reenter and take possession of the Acquisition Parcels, (which for the purposes of this section only, shall include Parcels E and N as described in Section 202) with all improvements thereon, and terminate and revest in the Agency the estate conveyed to the Developer if after conveyance of title and prior to the issuance of the Certificate of Completion, except for causes beyond the control of the Developer, the Developer shall: A. Fail to start the construction of the Project as required by this Agreement for a period of four (4) months after written notice thereof from the Agency, which notice must follow the date for commencement of construction as set forth in the Schedule of Performance; or B. Abandon or substantially suspend construction of the Project required by this Agreement for a period of three (3) months after written notice thereof from the Agency; or C. Transfer or suffer any involuntary transfer of the Acquisition Parcels or any part thereof in violation of this Agreement. Such right to reenter, terminate and revest shall be subject to and be limited by and shall not defeat, render invalid or limit: D. Any mortgage or deed of trust permitted by this Agreement; or E. Any rights or interests provided in this Agreement for the protection of the holders of such mortgages or deeds of trust. The Grant Deed or Grant Deeds shall contain appropriate reference and provisions to give effect to the Agency's right as set forth in this section, under circumstances prior to issuance of the Certificate of Completion, to reenter and take possession of the Acquisition Parcels, with all improvements thereon, and to terminate and revest in the Agency the estate conveyed to the Developer. Upon issuance and recordation of the Certificate of Completion, the above -referenced deed restriction shall be deemed removed. 44