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candernna#ion award fio be applied fio the prompt repiacement, repair and restoration of <br />the PROJECT f��ilities or �ny pprtiqrl fihereo#� or to repayrr�ent ofi this loan. Any net <br />proceeds remaining after such work ha� b�en cor�npleted or fihis loan has been repaid, <br />sh�ll be retained by the �or��o�►r�R. If the net insurance proceeds are insufficient to <br />pay the fufl cost of the r�plac�rr�ent, repair and restoration, the Bo��owER shall <br />eamplete tFie work and pay any cc�st in exc��s o# the net proc�eeds. In fihe event <br />BORROWER chaos�s to rep�y the laan BoR�owER shaA remain responsible fior the futl <br />loan amount o�tstanding regardless of the amount of such ir�surar�ce proceeds or <br />condemnation award. <br />9. Captions. The captions and headings con�ained in this cantract are for convenience <br />and reference only and shail not be ccanstrued so as to define or limit the terms or <br />provision� confiracted herein. <br />10. C1IY�B's Approval. This con#ract re�quires review and approval of plans, specific�tions, <br />and various otMer technicai and legal documents. The CWCB'� review of fihese <br />document� is an{y for the purpose 4f V�ftfifltl� BORROWER compliance with thi� <br />contract and shall not be c�anstrued or int�rpreted as a technical review ar appro�r�l of <br />th� ackual des'r�n or cQnstruction o# th� PRa��c�r. Nofinrithsfianding any consents or <br />approvals giv�n to the BoRaow��a by fihe CWCB on any sueh docum�nts, Bor��ow�� <br />and any of its consultants, by preparing any such docurnents, shall be solely <br />r�spon�ible for fihe accuraey ar�d comp-I�fieness of any of said documents. <br />11.1ll�aiver. The waiver ofi any breacM ofi a term of this cvn#ract shall not tae construed as a <br />waiver of any other term, or af any sub�eq�ent breach of tMe same term. <br />'12• Addresses for ma`rling. All notices, correspondence, or other documer�ts required by <br />this contract �half be deli�ered or mailed to the addresses shown in fih� Seetion 1 <br />(Bo�t�ow�R Informafiic�n) af the Prc�ject Summary, for the Bo�ROw�r� and to the <br />address belo�r fQr the CWC$: <br />Colnrado Water Consenrafiion Board <br />Attn: Construc�ion Fund Seetian <br />1313 Sherman Street Ftoam 721 <br />Denver, CO 80203 <br />LQan Gontract C150270 <br />Pag� 8 af 11 <br />