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RecDoc 2020-058560
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RecDoc 2020-058560
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Last modified
2/12/2021 12:57:36 PM
Creation date
2/5/2021 11:36:50 AM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
LMA 353 Main St Apts
Doc Num
2020-058560
Rec Date
6/23/2020
Address
353 Main St
Parties
353 Main St Apartments LP
MO Ref
20-082
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and expenses, including reasonable attorneys' fees (individually, "Claims" and <br />collectively, "Claims"), which may arise from or in any manner relate to any work <br />performed or services provided under this Agreement by Developer, or Developer's <br />contractors, subcontractors, agents or employees, including, but not limited to, the <br />performance of the Maintenance Services or other Activities. Notwithstanding the <br />forgoing, Developer will not be obligated under this Agreement to defend and/or indemnify <br />City to the extent that any Claim is caused by the gross negligence or willful misconduct <br />of City or its agents or employees. The aforementioned indemnity will apply regardless <br />of whether or not City has prepared, supplied or approved plans and/or specifications for <br />the Improvements and regardless of whether any insurance required under this <br />Agreement is applicable to any Claims. This Section 11 will survive termination of this <br />Agreement. <br />12. DEFAULT. The failure to maintain the Improvements will constitute an <br />event of default. Upon such event of default, City will provide written notice to Developer. <br />Upon receipt of the written notice, Developer will have thirty (30) days to remedy such <br />event of default (or such longer period of time as may reasonably be required, as <br />determined by City, provided that Developer will commence to remedy such default within <br />thirty (30) days period and thereafter diligently prosecute such remedy to completion). If <br />Developer fails to remedy the event of default within the prescribed time period, City will <br />have the right to do all work necessary to remedy the event of default and charge <br />Developer pursuant to the terms of Section 6, above. <br />13. ASSIGNMENT BY CITY. City may assign its rights and obligations under <br />this Agreement to a municipal services district or other public agency without Developer's <br />consent. <br />14. AGREEMENT ATTACHES TO LAND AND BINDS DEVELOPER'S <br />SUCCESSORS AND ASSIGNS. This Agreement pertains to and runs with the Property <br />in perpetuity, and will be recorded against the Property at Developer's expense. This <br />Agreement binds the assigns and successors -in -interest of Developer, including any <br />transferee of a fee interest in any portion of the lot located within the Property. City and <br />its successors and assigns, in the event of any breach of this Agreement, will have the <br />right to exercise all of the rights and remedies, and to maintain any actions at law or suits <br />in equity or other proper proceedings against Developer or its permitted successors and <br />assigns to enforce the curing of such breach. <br />15. ASSIGNMENT BY DEVELOPER. Developer may assign its obligations <br />under this Agreement only with the prior written approval of City. In connection with any <br />such assignment, Developer and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form acceptable to City Attorney. <br />16. NOTICES. Any notices relating to this Agreement will be given in writing <br />and will be deemed sufficiently given and served for all purposes when delivered <br />personally or by generally recognized overnight courier service, or five (5) days after <br />deposit in the United States mail, certified or registered, return receipt requested, with <br />postage prepaid, addressed as follows: <br />REV: 12-11-19 PR <br />ATTY/AGR.2019.312Moodside Professional Center, LLC (Page 7 of 12) <br />
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