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provided for below, permanently cease loan disbursements and deem the PROJECT substantially complete; b. declare the entire principal amount, accrued interest, and late charges, if any, then outstanding immediately due and payable; c. exercise its rights under any appendices to this contract, including, but not limited to, the Promissory Note and/or any instrument securing collateral; and/or d. take any other appropriate action. The CWGB shall provide written notice to the BORROWER of any such default and shall give the BORROWER an opportunity to cure within thirty (30) days of receipt of such notice. All remedies described herein may be simultaneously or selectively and successively enforced. The CWCB may enforce the provisions of this contract at its option without regard to prior waivers of previous defaults by the BORROWER, through judicial proceedings to require specific performance of this contract, or by such other proceedings in law or equity as may be deemed necessary by the CWCB to ensure compliance with provisions of this contract and the laws and regulations under which this contract is executed. The CWCB's exercise of any or all of the remedies described herein shaH not relieve the BORROWER of any of its duties and obligations .under this contract. . 13. BORROWER'S Indemnification Of The CWCB. The BORROWER agrees to indemnify and hold the CWCB harmless from any liability incurred by the CWCB as a result of the CWCB's interest in the PROJECT facilities and any other property identified in Section 5 (Collateral) of the Project Summary. 14. BORROWER'S Liability Insurance. a. Upon execution of this contract and continuing until complete repayment of the loan is made to the CWCB, the BORROWER shall maintain commercial general liability insurance, with a company that is satisfactory to the CWCB, with minimum limits of $1,000,000 combined single limit for each occurrence and $2,000,000 general aggregate, including products/completed operations and personal injury. b. Prior to the disbursement of any loan funds, the BORROWER shall provide the CWCB with an Acord Form 27 evidencing said insurance and shall provide the CWCB with documentation of renewals of said insurance. 15. Additional Contract Requirements. Any additional contract requirements are set forth in Additional Contract Requirement (Section 6) of the Project Summary. B. PROJECT PROVISIONS 1. Construction Fund Program Procedures. During the completion of the PROJECT, the BORROWER shall adhere to the CWCB Construction Fund Program Procedures (Section 7), of the Project Summary. 2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for loan disbursements are listed in Eligible Expenses (Section 8) of the Project Summary. 3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the Page 4 of 9