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RecDoc 2020-065173 STMMA Broadway Plaza
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RecDoc 2020-065173 STMMA Broadway Plaza
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Last modified
2/12/2021 9:40:38 AM
Creation date
8/7/2020 1:55:32 PM
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Recorded Docs
Recorded Docs - Type
Amendment
Subject
STTMA
Doc Num
2020-065173
Rec Date
7/9/2020
Address
Broadway Plaza - Bay Block (CVS)
Parties
SI XX, LLC
MO Ref
20-094
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would require any notice or delivery to be directed to another address. <br />15. Jurisdiction and Venue. Any action at law or in equity brought by either of <br />the Parties for the purpose of enforcing a right or rights provided for by this Agreement <br />will be tried in a court of competent jurisdiction in the County of San Mateo, State of <br />California, and the Parties waive all provisions of law providing for a change of venue in <br />these proceedings to any other county. <br />16. Paragraph Headings; Recitals. Paragraph headings as used herein are for <br />convenience only and will not be deemed to be a part of such paragraphs and will not be <br />construed to change the meaning thereof. The above recitals are incorporated by <br />reference as though fully set forth herein. <br />17. Entire Agreement. This Agreement, together with any other written <br />document referred to or contemplated by it, embody the entire agreement and <br />understanding between the Parties relating to the subject matter of it. Neither this <br />Agreement nor any of its provisions may be amended, modified, waived or discharged <br />except in a writing signed by both Parties. <br />18. Severability. The provisions of this Agreement will be severable and if any <br />phrase, clause, section, subsection, paragraph, subdivision, sentence or provision is <br />adjudged invalid or unconstitutional by a court of competent jurisdiction, or the <br />applicability to any Property Owner is held invalid, this will not affect or invalidate the <br />remainder of any phrase, clause, section, subsection, paragraph, subdivision, sentence <br />or provision of this Agreement. <br />19. Covenant Running with the Land. This Agreement pertains to and runs with <br />the Property in perpetuity, and will be recorded against the Property at Property Owner's <br />expense. This Agreement binds the assigns and successors -in -interest of Property Owner. <br />City and its successors and assigns, in the event of any breach of this Agreement, will have <br />the right to exercise all of the rights and remedies, and to maintain any actions at law or <br />suits in equity or other proper proceedings against Property Owner (with respect to <br />breaches occurring during Property Owner's period of ownership) or its permitted <br />successors and assigns to enforce the curing of such breach. <br />20. Assignment by Property Owner. Property Owner may assign its obligations <br />under this Agreement only with City's prior written approval. In connection with any such <br />assignment, Property Owner and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form reasonably acceptable to the City <br />Attorney. Upon any such assignment, Property Owner shall be relieved of all obligations <br />first accruing thereafter under this Agreement. <br />21. Release of Agreement. In the event that City determines that the stormwater <br />treatment measure(s )located on the Property are no longer required, then City, at the <br />request of Property Owner will execute a release of this Agreement, which Property Owner <br />will record in the County Recorder's Office at Property Owner's expense. City reserves the <br />option to record such release of this Agreement. The stormwater treatment measure(s) will <br />not be removed from the Property unless such a release is so executed and recorded. <br />REV: 05-26-2020 PR <br />ATTY/AGR.2020.083/Broadway Plaza - Bay Block (Page 7 of 19) <br />
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