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C150374 Paid in Full Documents
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C150374 Paid in Full Documents
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Last modified
11/8/2016 3:17:52 PM
Creation date
11/8/2016 3:17:41 PM
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Loan Projects
Contract/PO #
C150374
Contractor Name
Boulder and Larimer County Irrigating and Manufacturing Ditch Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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NOTE or LOAN CONTRACT; <br /> b. dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any <br /> part of the property of, assignment for the benefit of creditors by, or the commencement of any <br /> proceeding under any bankruptcy or insolvency law of, by or against DEBTOR; or <br /> c. the making or furnishing of any warranty, representation or statement to SECURED PARTY by or on <br /> behalf of DEBTOR which proves to have been false in any material respect when made or furnished. <br /> UPON SUCH DEFAULT and at any time thereafter, SECURED PARTY shall have the remedies of <br /> a secured party under Section 11-57-208, Colorado Revised Statutes, as amended. SECURED PARTY <br /> 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 opportunity <br /> to cure within thirty (30) days of receipt of such notice before the DEBTOR shall be considered in default for <br /> purposes of this Security Agreement. No default shall be waived by SECURED PARTY except in writing, and <br /> no waiver by SECURED PARTY of any default shall operate as a waiver of any other default or of the same <br /> default on a future occasion. The taking of this security agreement shall not waive or impair any other <br /> security SECURED PARTY may have or hereafter acquire for the payment of the above indebtedness, nor shall <br /> the taking of any such additional security waive or impair this security agreement; but SECURED PARTY shall <br /> retain its rights of set-off against DEBTOR. In the event court action is deemed necessary to enforce the terms <br /> and conditions set forth herein, said action shall only be brought in the District Court for the City and County <br /> of Denver, State of Colorado, and DEBTOR consents to venue and personal jurisdiction in said Court. <br /> All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and assigns; and all <br /> promises and duties of DEBTOR shall bind its successors or assigns. <br /> DEBTOR: Boulder and Larimer County Irrigating and <br /> Manufacturing Company, a Colorado corporation <br /> (SEAL) <br /> ByX•e-cz ,-2,-0 ,-,/ <br /> Signature <br /> Attest: <br /> NAME: hiL''.l.'c?I~d I32,'E,i1L o, <br /> TITLE: <br /> DATE: /Gti-Vie_ /5 <br /> By <br /> Signature <br /> NAME: Civ1A. C' S t <br /> TITLE: <br /> DATE: <br /> .i <br /> Appendix 4 to Loan Contract C150374 <br /> Page 2 of 2 <br />
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