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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. In the event of a conflict between the provisions of Section 11-57-208, Colorado Revised <br /> Statutes, as amended, and this Security Agreement,the provisions of such statute shall control. <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 and duties of DEBTOR shall bind its successors or assigns. <br /> ,011111 s <br /> AS ‘s DEBTOR: Cottonwood Water and Sanitation <br /> • A ••Rp 0RAT••'• \q District acting by and through its Cottonwood <br /> ��'Vim. •® Water Enterprise <br /> • <br /> (SEAL) `'®' X L <br /> Attest: `�"•'• C0(®�P® � By Signature G <br /> ° <br /> QrrhbtseMat�a <br /> By <br /> Signature //- <br /> NAME: /'15 ? k4sa'7- <br /> NAME: Alarm Perez p I, <br /> TITLE: / ✓eiel e`Cf <br /> TITLE: � �vc.f DATE: 11104 191 DATE: I n 114 <br /> Appendix 4 to Loan Contract C150408B <br /> Page 2 of 2 <br />