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201803290406.018 <br /> • <br /> within thirty (30)days from receipt of such notice (or if such failure cannot reasonably <br /> be cured within 30 days, if Developer fails to promptly commence and diligently pursue <br /> such cure to completion) shall be deemed an"Event of Default"hereunder. <br /> Section 14 Remedies <br /> 14 1 Remedies Upon Default If an Event of Default shall occur,the City shall <br /> have all cumulative rights and remedies under law or in equity, including but not limited <br /> to the following <br /> 14 1 1 Damages Developer shall be liable for the actual damages <br /> incurred by the City <br /> 14 1 2 Specific Performance The City shall be entitled to specific <br /> performance of each and every obligation of Developer under this Covenant without any <br /> requirement to prove or establish that the City does not have an adequate remedy at law <br /> Developer hereby waives the requirement of any such proof and acknowledges that the <br /> City would not have an adequate remedy at law for Developer's commission of an Event <br /> of Default hereunder <br /> 14 1 3 Injunction The City shall be entitled to restrain,by injunction,the <br /> actual or threatened commission or attempt of an Event of Default and to obtain a <br /> judgment or order specifically prohibiting a violation or breach of this Covenant without, <br /> m either case,being required to prove or establish that the City does not have an adequate <br /> remedy at Iaw Developer hereby waives the,requirement of any such proof and <br /> acknowledges that the City would not have an adequate remedy at law for Developer's <br /> commission of an Event of Default hereunder <br /> 14 2 Copy of Notice of Default to Mortgagee Whenever the City shall deliver <br /> any notice or demand to the Developer with respect to any breach or default by the <br /> Developer in its obligations or covenants under this Covenant,the City shall at the same <br /> time forward a copy of such notice or demand to each Mortgagee at the last address of <br /> such holder shown in the records of the City <br /> Mortgagee's Option To Cure Defaults/Foreclosure After any uncured Event of Default <br /> under this Covenant by Developer or its successor in interest, each Mortgagee shall <br /> (insofar as the rights of the City are concerned) have the right, at its option, to cure or <br /> remedy such breach or default during the thirty(30)day period following receipt of notice <br /> from the City regarding Developer's Event of Default, Event of Default, provided, <br /> however, that if the default is one which cannot reasonably be cured within such 30-day <br /> period, such 30-day period shall be deemed extended for such time as is necessary to cure <br /> 4)177/ <br />