C150379 Contract

• Contract/PO #: C150379
• Contractor Name: Wadley Farms, Filing No. 3 Homeowners Association
• Contract Type: Loan
• Water District: 7
• County: Adams
• Loan Projects - Doc Type: Contract Documents

LOAN CONTRACT;
b. dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any part
of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding
under any bankruptcy or insolvency law of, by or against DEBTOR; or
c. the making or furnishing of any warranty, representation or statement to SECURED PARTY by or on behalf
of DEBTOR which proves to have been false in any material respect when made or furnished.
UPON SUCH DEFAULT and at any time thereafter, SECURED PARTY shall have the remedies of a
secured party under Article 9 of the Colorado Uniform Commercial Code. SECURED PARTY may require DEBTOR
to deliver or make the COLLATERAL available to SECURED PARTY at a place to be designated by SECURED PARTY,
which is reasonably convenient to both parties. Expenses of retaking, holding, preparing for sale, selling or the
like shall include SECURED PARTY'S reasonable attorney's fees and legal expenses.
The SECURED PARTY shall give the DEBTOR written notice of any alleged default and an
opportunity to cure within thirty (30) days of receipt of such notice before the DEBTOR shall be considered in
default for purposes of this Security Agreement. No default shall be waived by SECURED PARTY except in
writing, and no waiver by SECURED PARTY of any default shall operate as a waiver of any other default or of the
same default on a future occasion. The taking of this security agreement shall not waive or impair any other
security SECURED PARTY may have or hereafter acquire for the payment of the above indebtedness, nor shall the
taking of any such additional security waive or impair this security agreement; but SECURED PARTY shall retain its
rights of set-off against DEBTOR. In the event court action is deemed necessary to enforce the terms and
conditions set forth herein, said action shall only be brought in the District Court for the City and County of
Denver, State of Colorado, and DEBTOR consents to venue and personal jurisdiction in said Court.
All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and assigns; and all
promises and duties of DEBTOR shall bind its successors or assigns.
DEBTOR: Wadley Farms, Filing No. 3 Homeowner's
1.03.aley cuw••• 1 Urn 3 Association, a Colorado nonprofit corporation
i-tc7A
(SEAL)
By Zliat 1 • / ,
Signature
Attest: �
NAME: g2t i - (1/nlrHOZ
TITLE: -rgE/SURER
DATE: /- -2-0/14
By `�-0. �
Signature
NAME: , e l),_
TITLE: `mfr CR E"[-L_
DATE: a 5 I as
Appendix 4 to Loan Contract C150363
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