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<br />a foreclosure) will succeed to all of the rights of Borrower under the Agreement upon <br />a foreclosure of Lender's security interest therein, written assumption of Borrower's <br />obligations thereunder and written notice thereof to the City. <br /> <br />3. The City agrees to copy Lender on all notices of default under the Lender to allow <br />the Lender the same opportunity to cure a default as contemplated under the <br />Agreement. <br /> <br />4. Any notice which is required to be given hereunder by any party hereto shall be in <br />writing and be deemed given and received one (1) business day after the deposit of <br />such notice in the United States Mail, certified or registered delivery, return receipt <br />requested, for delivery to the applicable party at the following addresses, with a copy <br />sent simultaneously to the applicable party at the applicable telecopy number(s) set <br />forth below: <br /> <br />Notices to the City of San Marcos: <br /> <br />City of San Marcos <br />630 Hopkins <br />San Marcos, Texas 78666 <br />Attn: City Manager <br />Telecopy No.: 512/396-4656 <br /> <br />With a copy to: <br /> <br />City of San Marcos <br />630 Hopkins <br />San Marcos, Texas 78666 <br />Attn: City Attorney <br />Telecopy No.: 512/393- 3983 <br /> <br />Notices to the Lender: <br /> <br />Imperial Bank <br />1331 North California Boulevard, Suite 400 <br />Walnut Creek, California 94596 <br />Attn: Cherri Kirchoff <br />Telecopy No.: (925) 944-1990 <br /> <br />With a copy to: <br /> <br />Locke Liddell & Sapp, L.L.P. <br /> <br />90107.1/09130 <br />