C150210 Paid in Full Contract

• Contract/PO #: C150210
• Contractor Name: Little Thompson Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

and does not use the COLLATERAL for any purpose not permitted by the CONTRACT. Upon
default, SECURED PARTY shall have the immediate right to the possession of the
COLLATERAL.
DEBTOR SHALL BE IN DEFAULT under this agreement upon any of the following
events or conditions:
a. default in the payment or performance of any obligation contained herein or in the
Promissory 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 Article 9 of the Colorado Uniform Commercial Code. 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 Securitya.A ee era o default shall be waived by
SECURED PARTY except in writing, and no waiver ' R! f"€, of any default shall operate
as a waiver of any other default or of the same au �oture occasion. The taking of this
security agreement shall not waive or impair an other securit CUR
ED PARTY may have or
hereafter acquire for the payment of the above in,'-bV" It
0tr h IV_the taking of any such
additional security waive or impair this secuf�y r eU ED PARTY shall retain its
rights of set-off against DEBTOR. In the ev4c4ufacti6tt-is deemed necessary to enforce the
terms and conditions set forth herein, said actio 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: Little Thompson Water District acting
by and throug.I3 the Little Thompson Water
7 District WaElrtt6rprise
S E,A L' By
R06h Bog President
ATTE 'T'
B
Y '
Richard H. H. Whittet, Secretary
Appendix 4 to Loan Contract C150210
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