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provisions of this Contract by Owner, City shall give written notice to Owner by registered or certified
<br />mail addressed to the address stated in this Contract. If such a violation is not corrected to the
<br />reasonable satisfaction of City within thirty (30) days thereafter or is not corrected within such
<br />reasonable time as may be required to cure the breach or default if said breach of default cannot be
<br />cured within thirty (30) days (provided that acts to cure the breach or default must be commenced
<br />within thirty (30) days and must thereafter be diligently pursued to completion by Owner), then City
<br />may, without further notice, declare a default under the terms of this Contract. Upon declaring such a
<br />default, City may bring any action necessary to specifically enforce the obligations of Owner growing
<br />out of the terms of this Contract; apply to any court, state or federal, for injunctive relief against any
<br />violation by Owner; or apply for such other relief as may be appropriate. City does not need to comply
<br />with the provisions of this paragraph if canceling the Contract pursuant to Section 6 of this Contract.
<br />City does not waive any claim of default by Owner if City does not enforce or cancel this Contract. All
<br />other remedies at law or in equity which are not otherwise provided for in this Contract or in City's
<br />regulations governing historic properties are available to City to pursue in the event that there is a
<br />breach or default under this Contract. No waiver by City of any breach or default under this Contract
<br />shall be deemed to be a waiver of any other subsequent breach thereof or default hereunder.
<br />8. Sinding Effect of Contract. Owner hereby subjects the Historic Property to the
<br />covenants, reservations and restrictions as set forth in this Contract. City and Owner hereby declare
<br />their specific intent that the covenants, reservations and restrictions as set forth herein shall be
<br />deemed covenants running with the land and shall pass to and be binding upon Owner's successors
<br />and assigns in title or interest to the Historic Property. Each and every contract, deed or other
<br />instrument hereinafter executed, covering or conveying the Historic Property, or any portion thereof,
<br />shall conclusively be held to have been executed, delivered and accepted subject to the covenants,
<br />reservations, and restrictions expressed in this Contract regardless of whether such covenants,
<br />reservations, and restrictions are set forth in such contract, deed or other instrument.
<br />City and Owner hereby declare their understanding and intent that the burden of the covenants,
<br />reservations and restrictions set forth herein touch and concern the land in that Owner's legal interest
<br />in the Historic Property is rendered less valuable thereby. City and Owner hereby further declare their
<br />understanding and intent that the benefit of such covenants, reservations and restrictions touch and
<br />concern the land by enhancing and maintaining the historic characteristics and significance of the
<br />Historic Property for the benefit of the public and Owner.
<br />9. Binding On Successors In Interest. All of the Contracts, rights, covenants, reservations
<br />and restrictions contained in this Contract shall be binding upon and shall inure to the benefit of the
<br />parties herein, their heirs, successors, legal representatives, assigns and all persons acquiring any
<br />part or portion of the Historic Property, whether by operation of law or in any manner whatsoever.
<br />10. Indemnification. Owner shall indemnify, defend, and hold harmless the City of Redwood
<br />City and all of its boards, commissions, committees, departments, agencies, agents and employees
<br />(for purposes of this Section 10, individual and collectively, "City") from and against any and all
<br />liabilities, losses, costs, claims, judgments, settlements, damages, liens, fines, penalties and expenses
<br />incurred in connection with or arising in whole or in part from: (a) any accident, injury to or death of a
<br />person, loss of or damage to property occurring in or about the Historic Property; (b) the use or
<br />occupancy of the Historic Property by Owner, Owner's Agents or Invitees; (c) the condition of the
<br />Historic Property; (d) any construction or other work undertaken by Owner on the Historic Property; or
<br />(e) any claims by unity or interval owners for property tax reductions in excess of those provided for
<br />under this Contract. This indemnification shall include, without limitation, reasonable fees for attorneys,
<br />consultants, and experts and related costs that may be incurred by City and all indemnified parties
<br />specified in this Section and City's cost of investigating any claim. In addition to Owner's obligation to
<br />indemnify City, Owner specifically acknowledges and agrees that Owner has an immediate and
<br />independent obligation to defend City from any claim that actually or potentially falls within this
<br />REV: 10-22-25 VR
<br />ATTY/AGR.2025.284/1018 and 1020 Main Street (Page 4 of 12)
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