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Peg Mason <br /> February 3,2017 <br /> Page 2 of 2 <br /> 3. There are no provisions in the Colorado Constitution or any other state or local <br /> law that prevents the Amendment from binding the Borrower. <br /> 4. The Amendment will be valid and binding against the Borrower when executed <br /> and entered into by the CWCB. <br /> Sincerely, <br /> /6 <br /> Tod Smith <br /> Attorney <br /> cc: Board of Directors <br /> Heather Dutton <br />