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12/03/20 <br /> City does not waive any ciaim of default by Owner if City does not enforce or <br /> cancels this Contract. Ali other remedies at law or in equity which are not otherwise <br /> provided for in this Contract or in City's regulations governing historic properties are <br /> available to the City to pursue in the event that there is a breach or default under this <br /> Contract. No waiver by City of any breach or default under this Contract shall be <br /> deemed to be a waiver of any other subsequent breach thereof or defaulf hereunder. <br /> 8. Bindina Effect of contract. The Owner hereby subjects the Historic <br /> Property described in Exhibit °A" hereto to the covenants, reservations and restrictions <br /> as set forth in this Contract. City and Owner hereby declare their specific i�tent that the <br /> covenants, reservations and restrictions as set forth herein shall be deemed covenants <br /> runriing with the land and shall pass to and be binding upon the Owner's successors <br /> and assigns in titie or interest to the Historic Property. Each and every contract, deed or <br /> other instrument hereinafter executed, covering o� conveying the Historic Property, or <br /> any portion thereof, shall conclusively be held to have been executed, delivered and <br /> accepted subject to the covenants, reservations, and restrictions expressed in this <br /> Contract regardless of whether such covenants, reservations, and restrictions are set <br /> forth in such contract, deed or other instrument. <br /> City and Owner hereby declare their understanding and intent that the burden of <br /> the covenants, reservations and restrictions set forth herein touch and concern the land <br /> in that Owner's legal interest in the Historic Property is rendered less valuable thereby. <br /> City and Owner hereby further declare their understanding and intent that the benefit of <br /> such covenants, reseroations and restrictions touch and concern the land by enhancing <br /> and maintaining the historic characteristics and significance of the Histo�ic Property for <br /> the benefit of the pubtic and Owner. <br /> 9. Bindinq On Successors In Interest. All of the Contracts, rights, covenants, <br /> reservations and restrictions con#ained in this Contract shall be binding upon and shall <br /> inure to the benefit of the parties herein, their heirs, successors, legal representatives, <br /> assigns and all persons acquiring any part or portion of the Historic Property, whether <br /> by operation of law or in any manner whatsoever. <br /> 10. Hold Harmless. Owner agrees to and shall hold City and its elected <br /> officials, officers, agents and employees harmless from liability for damage or claims for <br /> damage for personal injuries, including death, and claims for property damage which <br /> may arise fram the direct or indirect use or operations of Owner or those of his <br /> contracto�, subcontractor, agent, employee or other person acting on his behalf which <br /> relate to the use, operation and maintenance of the Historic Property. Owner hereby <br /> agrees to and shall defend the City and its elected officials, officers, agents and <br /> employees with respect to any and all actions for damages caused by, or alleged to <br /> have been caused by, reason of Owne�'s activities in connection with ihe Historic <br /> Property. This hold harmless provision applies to all damages and claims for damages <br /> suffered, or aqeged to have been suffered, by reason of the ope�ations referred to in this <br /> Contract regardless of whether or not the City prepared, supplied or approved the plans, <br /> specifications or other documents for the Historic Property. <br /> ATTY/AGR/2012.t84lF�X THEATRE MILLS ACT CONTRACT <br /> REV:11-15-12 VR <br /> Page 4 of 10 <br /> RESO.#15235 <br /> MUFF#612 <br />