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<br />. <br /> <br />'-' <br /> <br />-.J <br /> <br />D. SUBRECIPIENT hereby agrees, upon the demand of CITY, to execute, <br />acknowledge and deliver, or cause any person or entity who may have any claim to rights <br />hereunder or under any document, instrument or agreement executed in furtherance of the <br />services and activities to be performed hereunder, to execute, acknowledge and deliver, to <br />CITY assignment(s), quit claim deed(s) or such other and further instruments, documents <br />and agreements as may be necessary, in the sole and absolute discretion of CITY, to vest <br />in CITY all of SUBRECIPIENTs right, title and interest (if any it may have) in and to CITY, <br />CDBG or other federal, state and/or local accounts or program funds or allocation of funds <br />to which CITY is or may be entitled, either for its own account or as fiduciary or trustee for <br />others, which were obtained for the purpose of the performance of this Agreement or any <br />previous agreements relating to the same subject matter or activities as this Agreement, <br />together with any instruments, loans, grants or advances by SUBRECIPIENT on behalf of <br />CITY, in furtherance of the activities hereunder or thereof. <br /> <br />SUBRECIPIENTs obligations and responsibilities set forth in this paragraph <br />"XI. REVERSION OF ASSETS," and in paragraphs "XII. TERMINATION" and <br />"III. PROGRAM INCOME" shall not be affected by the termination of this Agreement and <br />shall survive the date of termination of this Agreement for such period of time as CITY <br />and/or HUD deems necessary for the responsibilities, duties and obligations to be <br />performed and completed to the satisfa9lion of CITY and HUD. <br /> <br />XII. TERMINATION <br /> <br />A. This Agreement may be terminated on thirty (30) days' written notice by <br />either party. In the event of such termination, SUBRECIPIENT shall only be entitled to <br />reimbursement for approved expenses incurred to the effective date of termination. <br /> <br />B. This Agreement may be suspended or terminated by CITY upon five (5) <br />days' written notice for violation by SUBRECIPIENT of Federal Laws governing the use of <br />Community Development Block Grant Funds. In the event of such suspension or <br />termination, SUBRECIPIENT shall only be entitled to reimbursement for approved <br />expenses incurred up to the effective date of suspension or termination. <br /> <br />C. Pursuant to 24 CFR 85.43, in the event SUBRECIPIENT defaults by failing <br />to fulfill all or any of its obligations hereunder, CITY may declare a default and termination <br />of this Agreement by written notice to SUBRECIPIENT, which default and termination shall <br />be effective on a date stated in the notice which is to be not less than ten (10) days after <br />certified mailing or personal service of such notice, unless such default is cured before the <br />effective date of termination stated in such notice. If terminated for cause, CITY shall be <br />relieved of further liability or responsibility under this Agreement, or as a result of the <br />termination thereof, including the payment of money, except for payment for approved <br />expenses incurred for services satisfactorily and timely performed prior to the mailing or <br /> <br />Page11of14 <br />