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proceeds are insufficient to pay the full cost of the replacement, repair and restoration, <br /> the BORROWER shall complete the work and pay any cost in excess of the net <br /> proceeds In the event BORROWER chooses to use the net proceeds to repay the loan, <br /> BORROWER shall remain responsible for the portion of the loan amount outstanding if <br /> any, after the amount of such insurance proceeds or condemnation award is applied <br /> to reduce the principal of the loan. <br /> 9. Captions. The captions and headings in this CONTRACT are for convenience of <br /> reference only, and shall not be used to interpret, define, or limit its provisions. <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. Waiver of any breach under a term, provision, or requirement of this <br /> CONTRACT, or any right or remedy hereunder, whether explicitly or by lack of <br /> enforcement, shall not be construed or deemed as a waiver of any subsequent <br /> breach of such term, provision or requirement, or of any other term, provision, or <br /> requirement. <br /> 12.CORA Disclosure. To the extent not prohibited by federal law, this CONTRACT and <br /> the performance measures and standards under CRS §24-103.5-101, if any, are <br /> subject to public release through the Colorado Open Records Act, CRS §24-72-101, <br /> et seq. <br /> 13.Binding Effect. All provisions herein contained, including the benefits and <br /> burdens, shall extend to and be binding upon the Parties' respective heirs, legal <br /> representatives, successors, and assigns. <br /> 14.Entire Understanding. This CONTRACT represents the complete integration of all <br /> understandings between the Parties and all prior representations and <br /> understandings, oral or written, are merged herein. Prior or contemporaneous <br /> additions, deletions, or other changes hereto shall not have any force or effect <br /> whatsoever, unless embodied herein. <br /> 15.Severability. Provided this CONTRACT can be executed and performance of the <br /> obligations of the Parties accomplished within its intent, the provisions hereof are <br /> severable and any provision that is declared invalid or becomes inoperable for any <br /> reason shall not affect the validity of any other provision hereof, provided that the <br /> Parties can continue to perform their obligations under this CONTRACT in <br /> accordance with its intent. <br /> 16.Third Party Beneficiaries. Enforcement of this CONTRACT and all rights and <br /> obligations hereunder are reserved solely to the Parties. Any services or benefits <br /> Page 9 of 13 <br />