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• • <br /> d. take any other appropriate action. <br /> The CWCB shall provide written notice to the BORROWER of any such default and shall give <br /> the BORROWER an opportunity to cure within thirty (30) days of receipt of such notice. All <br /> remedies described herein may be simultaneously or selectively and successively enforced. <br /> The CWCB may enforce the provisions of this contract at its option without regard to prior <br /> waivers of previous defaults by the BORROWER, through judicial proceedings to require <br /> specific performance of this contract, or by such other proceedings in law or equity as may <br /> be deemed necessary by the CWCB to ensure compliance , ' provisions of this contract <br /> rY Y p <br /> and the laws and regulations under which this contract is e 0 Ir. WCB's exercise <br /> of any or all of the remedies described herein shall not reli-',- +� = R of any of its <br /> duties and obligations under this contract. <br /> 11. BORROWER'S Indemnification Of The CWCB. t ,t p It by law, the <br /> BORROWER shall, without expense or legal liability to the C a operate, and <br /> maintain the PROJECT continuously in an efficient and economical man . BORROWER <br /> agrees to indemnify and hold the CWCB harmless from any liability incurred by the CWCB <br /> as a result of the CWCB's interest in the PROJECT facilities. <br /> 12. BORROWER'S Liability Insurance. Upon execution of this contract and continuing until <br /> complete repayment of the loan is made to the CWCB, the BORROWER shall maintain <br /> commercial general liability insurance with a company that is satisfactory to the CWCB <br /> covering the management, operation, and maintenance of the PROJECT with minimum limits <br /> of$1,000,000 combined single limit for each occurrence and $2,000,000 general aggregate, <br /> including products/completed operations and personal injury. <br /> Said general liability insurance shall name the CWCB as additional insured. The <br /> BORROWER shall provide the CWCB with a certificate of said insurance and an additional <br /> insured endorsement, and shall provide the CWCB with documentation of renewals of said <br /> insurance. The CWCB will not disburse any loan funds without evidence of said insurance <br /> coverage. <br /> Throughout the life of this contract, the CWCB reserves the right to increase the above <br /> amount of insurance. <br /> If the BORROWER is a "public entity" within the meaning of the Colorado Governmental <br /> Immunity Act, CRS 24-10-101, et seq., as amended ("Act"), the BORROWER shall at all times <br /> maintain such liability insurance, by commercial policy or self-insurance, as is necessary to <br /> meet its liabilities under the Act. Upon request by the STATE, the BORROWER shall provide <br /> proof of such insurance. <br /> B. CONSTRUCTION PROVISIONS <br /> 1. Construction Fund Program Procedures. During the completion of the Project, the <br /> BORROWER shall adhere to the following guidelines for completion of the project. <br /> a. The BORROWER shall employ an engineer, registered in the State of Colorado, <br /> hereinafter referred to as the CONSULTANT, to prepare plans and specifications for the <br /> PROJECT. <br /> b. The agreement between the BORROWER and the CONSULTANT and the plans and <br /> Page 5 of 11 Loan Contract <br />