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HUD.6;ogEs <br /> (9.69) <br /> <br /> period o£ ownership thereof by ~he A~ency~ an amount; ~f pa~d~ <br /> eq~ml to such taxes, ~ssensmenLs, or charges (as determined by <br /> the City assessing official) as wot~ld have been payable if the <br /> Property were. not so exempt); omy payments made or necessary to <br /> be made to discharge any encumbrances or liens existing on the <br /> Property or part thereof at the time of revestlng of title <br /> thereto in the Agency or to discharge or prevent from attaching <br /> or being made any stJbsequent en~.umbrancea or liens due to <br /> obligations~ defaults, or acts of the Bedeveloper, its <br /> successors or transferees; any expendit.res made or obligations <br /> incurred with respect to the making or completion of the <br /> Improvements or amy part thereof on the Property or part <br /> thereof; and any amounts otherwise owing the ~gency by the <br /> ~edeveloper and its successor or transferee; ~nd <br /> <br /> (b) Second, to reimburse the Bedeveloper,' its successor or <br /> transferee~ up to the amoun~ equal to {1) the sum of the <br /> purchase price paid by it for the Property (or allocable to the <br /> part thereof) a~d the cash actually invested by it in making ~y <br /> of the Improvements on the Property or part thereof, less <br /> (~) any gains or income withdrawn or ~de by it frbm the <br /> Agreement or the Property. <br /> <br />Any hals.ncc remaining after s~ch reimbursement~ shall be.retained by the <br />Agency aa its property. <br /> SEC. ~0~. Ot~er Bights and Bemedies of .Agency; NO Waiver bY Delay. <br />The Agency shall have the right tn institste such mc~ions or proceedings as <br />it may deem desirable for eff'ectumting the purposes of thi~ Article ¥II~ <br />including also the right to execqte and record or file among the public <br />land records in the off'i~:e in which the Deed is recorded a written <br />declaration of the termination of all ~he right, title, and interest of the <br />Redeveloper~ and (except for such individ,al parts or parcels upon which <br />construction.of that part of the Improvements reqffired' to be Constructed <br />thereon has been completed, in accordance with the Agreement, and for which <br />a certificate of completion as provided in Section 307 hereof is to be <br />delivered, and subject to su~'h mortgage liens and leasehold interests, as <br />provided in Section 7Oh hereof) its suc,:essors in interest and aasigns~ in <br />the ProPerty, amd the revesting of title thereto in the Agency: Provided, <br />That ~ny delay by the Agency in instituting or prosecuting any such actions <br />or proceedings or otherwise aseertlng its rights under ~hi.s Article VEl <br />shall not operate as a waiver of su,'h rights or ~o depr!ve it of or limit <br />such rights in any way (it being the intent of this provision that ~he <br />Agency sho~td not be constrained (so as to avoid the risk Of being deprived <br />of or limited in the exe~vlse of the remedy provided in this Section <br />because of concepts of waiw~r, ~tches~ or oth,~rwise) to exercise such <br />remedy at a time when it m~ty still hope otherwise to resolve the problems <br />created by the default Involved); nor shall any'waiver in fact made by the <br />Agency with respect to ~tny specific default by the Bcdeveloper under this <br />Section be considered Or treated as a waiver of the rights of the Agency <br /> <br />o 19 - <br /> <br /> <br />