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<br />ownership of voting securities, by contract or- otherwise; and the tenns IIconcrolling" <br /> <br />and IIcontrolled" hélve meanings correlative to the foregoing. <br /> <br />27. <br /> <br />Estoppel Certificate. <br /> <br />(a) <br /> <br />Flatirons may élt any time deliver writ1ten notice to City requesting City <br /> <br />to certify in writing that: <br /> <br />(i) <br /> <br />This Agreement is in full force and effect and a binding <br /> <br />obligation of the parties; <br /> <br />(ii) <br /> <br />This Agreement has not been amended or modified either orally <br /> <br />or in writing, or- if so amended, identifying the amendments; <br /> <br /><-.. <br /> <br />,",,-.. <br /> <br />t:i:'~; <br /> <br />élnd <br /> <br />" ~ <br />f::;~';::: <br /> <br />.. .' .. <br /> <br />(iii) <br /> <br />Flatirons is not in default in the performanc:e of its obligations <br /> <br />"'-"~' <br />'. ,. " <br /> <br />" .. .. <br />..'........' <br /> <br />..~, <br /> <br />e," .. <br />......-, <br />,~.- <br /> <br />under this Agreement, or if in defélult, describing the nature and <br /> <br />"'~.." <br /> <br />"'~"." <br />," .." <br /> <br />.........." <br /> <br />l;j) <br /> <br />amount of those defélults. <br /> <br />(b) <br /> <br />City shall execute and return the certificate within 30 days following <br /> <br />r-eceipt of that notice. The Planning Director is authorized to execute any estoppel <br /> <br />certificate r-equested by Flatirons. An estoppel certificate obtélined under this Section <br /> <br />27 may be relied upon by transferees and Mortgélgees. <br /> <br />28. <br /> <br />Mortgagee Protection; Certain Rights of Cure. <br /> <br />(a) <br /> <br />This Agreement is superior and senior- to any lien placed upon the <br /> <br />Property, or él11Y portion thereof, including the lien of any Mortgage. <br /> <br />N otwi thstanding the fore~oing, no breélch of this A~reement defeats, renders <br /> <br />invalid, diminishes or iml'airs the lien of any Mortgage made in good faith and for <br /> <br />-42- <br /> <br />DV AGRCP3.DCX: <br />August 26, 1996 <br /> <br />^. .,.".,.^.-., , <br />