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furnished. <br /> UPON SUCH DEFAULT and at any time thereafter, SECURED PARTY shall have the <br /> remedies of a secured party under Section 11-57-208, Colorado Revised Statutes, as amended. SECURED <br /> PARTY may require DEBTOR to deliver or make the COLLATERAL available to SECURED PARTY at a place to be <br /> designated by SECURED PARTY, which is reasonably convenient to both parties. Expenses of retaking, <br /> holding, preparing for sale, selling or the like shall include SECURED PARTY'S reasonable attorney's fees and <br /> legal expenses. <br /> The SECURED PARTY shall give the DEBTOR written notice of any alleged default and an <br /> opportunity to cure within thirty (30) days of receipt of such notice before the DEBTOR shall be considered <br /> in default for purposes of this SECURITY AGREEMENT. No default shall be waived by SECURED PARTY except <br /> in writing, and no waiver by SECURED PARTY of any default shall operate as a waiver of any other default or <br /> of the same default on a future occasion. The taking of this SECURITY AGREEMENT shall not waive or impair <br /> any other security SECURED PARTY may have or hereafter acquire for the payment of the above <br /> indebtedness, nor shall the taking of any such additional security waive or impair this SECURITY AGREEMENT; <br /> but SECURED PARTY shall retain its rights of set-off against DEBTOR. In the event court action is deemed <br /> necessary to enforce the terms and conditions set forth herein, said action shall only be brought in the <br /> District Court for the City and County of Denver, State of Colorado, and DEBTOR consents to venue and <br /> personal jurisdiction in said Court. <br /> All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and <br /> assigns; and all promises apd�degdi �aroR shall bind its successors or assigns. <br /> */ �, 9. m DEBTOR: Inverness Water and Sanitation District <br /> co •;a -1- O°®° a Colorado Title 32 Special District <br /> (SEAL) =w � a� <br /> ff°, •, 0 By _ <br /> Attest: `6�,�'•• t NTH .••�0�.` <br /> ®` • ••...... � Signature <br /> �i8Ito a °°°° <br /> 10 ea, , , ° �J 1 <br /> Signature <br /> NAME: /eGlit a'Q Gf GUarrieti <br /> NAME: CAI p/'t (2Q lam%5 p <br /> TITLE: ` YeSjd Pte!t <br /> TITLE: 5e.dr art-( DATE: 1011 ( <br /> DATE: (0(1 I 'M <br /> Appendix 4 to Loan Contract C150409D <br /> Page 2 of 2 <br />