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loan. Any net proceeds remaining after such work has been completed or this loan has <br /> been repaid, shall be retained by the BORROWER. If the net insurance proceeds are <br /> insufficient to pay the full cost of the replacement, repair and restoration, the <br /> BORROWER shall complete the work and pay any cost in excess of the net proceeds. In <br /> the event BORROWER chooses to repay the loan, BORROWER shall remain responsible <br /> for the full loan amount outstanding regardless of the amount of such insurance <br /> proceeds or condemnation award. <br /> 9. Captions. The captions and headings contained in this CONTRACT are for convenience <br /> and reference only and shall not be construed so as to define or limit the terms or <br /> provisions contracted herein. <br /> 10.CWCB's Approval. This CONTRACT requires review and approval of plans, <br /> specifications, and various other technical and legal documents. The CWCB's review <br /> of these documents is only for the purpose of verifying BORROWER'S compliance with <br /> this CONTRACT and shall not be construed or interpreted as a technical review or <br /> approval of the actual design or construction of the PROJECT. Notwithstanding any <br /> consents or approvals given to the BORROWER by the CWCB on any such documents, <br /> BORROWER and any of its consultants, by preparing any such documents, shall be <br /> solely responsible for the accuracy and completeness of any of said documents. <br /> 11.Waiver. The waiver of any breach of a term of this CONTRACT shall not be construed as <br /> a waiver of any other term, or of any subsequent breach of the same term. <br /> 12.Addresses for mailing. All notices, correspondence, or other documents required by <br /> this CONTRACT shall be delivered or mailed to the addresses shown in the Section 1 <br /> (BORROWER Information) of the PROJECT SUMMARY, for the BORROWER and to the <br /> address below for the CWCB: <br /> Colorado Water Conservation Board <br /> Attn: Finance Section <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> Loan Contract C150378 <br /> Page 8 of 11 <br />