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81--- ti~`~3~ aggregape of such amounts had all such amounts become part of the mortgage deb'' and such debt had continued in existence. SEC. 606- fluency's Option To Cure Mortgage Default. In the event of a default or breach prior to the completion of the Improvements by the Kedeveloper, or any successor in interest, in or of any of its obligations under, and to the holder of, any mortgage or other instrument creating an encumbrance or lien upon the Property or part thereof, the Agency may at its option cure such default or breach, in which case the Agency shall be entitled, in addition to and without (imitation upon any other rights or reo;edies to which it shall be entitled by the Agreement, operation of law, or otherwise, to reimbursement from the Redeveloper or successor in'interest of all costs and expenses incurred by the Agency in curing such default or breach and to a lien upon the Property (or the part thereof to which the mortgage, encumbrance, or lien relates) for such reimbursement: Provided, That any such lien shall be subject always to khe lien of (including any lien contemplated, because of advances yet to be made, by) any then existing mortgages on the Property authorized by the Agreement. SEC. 607. Mortgage and Holder. For the purposes of the Agreement; The term 'Smortgage" shall include a deed of trust or other instrument creating an encumbrance or lien upon the Property, or any part thereof, as security for a Loan. The term "holder" in reference to a mortgage shall include any insurer or guarantor of any obligation or condition secured by such mortgage ar deed of trust, including, but not limited to, the Fedesal Housing Commissioner, the Administrator of Veterans Af€airs, and any successor in office of either such official. ARTICLE VII. REI~DIES SEC. 701. In General. Except as othenrise provided in the Agreement, in the event of any default in or breach of the Agreement, or any of its teams or conditions, by either party hereto, or any successor to such party, such party (or successor) shall, upon written notice from the other, proceed immediately to cure or remedy such default or breach, and in auy event, within sixty (60) days after receipt of such notice. In case such action is not ta~Cen or not diligently pursued, or the default or breach shall not be cured or remedied within a reasonable time, the aggrieved party may institute such proceedings as may be necessar{ or desirable in its ap=nion tY cure .and remedy such default or breach, including, but not limited, to, proceedings Co comQel specific performance by the party in default or breach of its obligations. SEC. 702. Termination by Redeveloper Prier to Conveyance. In the event that {a) the Agency does not tender conveyance of the Property, or possession thereof, in the manner and condition, and by the date, provided in the Agreement, and any such failure shall not 14