C150374 Paid in Full Contract

• Contract/PO #: C150374
• Contractor Name: Boulder and Larimer County Irrigating and Manufacturing Ditch Company
• Contract Type: Loan
• County: Boulder
• Loan Projects - Doc Type: Contract Documents

NOTE or LOAN CONTRACT;
b. dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any
part of the property of, assignment for the benefit of creditors by, or the commencement of any
proceeding under any bankruptcy or insolvency law of, by or against DEBTOR; or
c. the making or furnishing of any warranty, representation or statement to SECURED PARTY by or on
behalf of DEBTOR which proves to have been false in any material respect when made or furnished.
UPON SUCH DEFAULT and at any time thereafter, SECURED PARTY shall have the remedies of
a secured party under Section 11-57-208, Colorado Revised Statutes, as amended. SECURED PARTY
may require DEBTOR to deliver or make the COLLATERAL available to SECURED PARTY at a place to be
designated by SECURED PARTY, which is reasonably convenient to both parties. Expenses of retaking,
holding, preparing for sale, selling or the like shall include SECURED PARTY'S reasonable attorney's fees and
legal expenses.
The SECURED PARTY shall give the DEBTOR written notice of any alleged default and an opportunity
to cure within thirty (30) days of receipt of such notice before the DEBTOR shall be considered in default for
purposes of this Security Agreement. No default shall be waived by SECURED PARTY except in writing, and
no waiver by SECURED PARTY of any default shall operate as a waiver of any other default or of the same
default on a future occasion. The taking of this security agreement shall not waive or impair any other
security SECURED PARTY may have or hereafter acquire for the payment of the above indebtedness, nor shall
the taking of any such additional security waive or impair this security agreement; but SECURED PARTY shall
retain its rights of set-off against DEBTOR. In the event court action is deemed necessary to enforce the terms
and conditions set forth herein, said action shall only be brought in the District Court for the City and County
of Denver, State of Colorado, and DEBTOR consents to venue and personal jurisdiction in said Court.
All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and assigns; and all
promises and duties of DEBTOR shall bind its successors or assigns.
•
DEBTOR: Boulder and Larimer County Irrigating and
Manufacturing Company, a Colorado corporation
(SEAL) �f,
Signature
Attest:
NAME: /4,71), d Q?Je,hi.6 '-
TITLE:
TITLE: PDf',E-S
DATE: /!S-&e- a/5
By
Sign re
NAME: Ci n d�I AN "f
TITLE: Sec-kt--e 1/t4
DATE: q#"
k}` 4 by
Appendix 4 to Loan Contract C150374
Page 2 of 2