Laserfiche WebLink
Upon such default and at any time thereafter, SECURED PARTY shall have the remedies of a <br /> secured party under Section 11-57-208, Colorado Revised Statues, as amended. SECURED PARTY may require the <br /> BORROWER to deliver or make the PLEDGED REVENUES available to SECURED PARTY at a place to be designated by <br /> SECURED PARTY, which is reasonably convenient to both parties. Expenses of retaking, holding, preparing for <br /> sale,selling or the like shall include SECURED PARTY'S reasonable attorney's fees and legal expenses. <br /> The SECURED PARTY shall give the BORROWER written notice of any alleged default and an opportunity <br /> to cure within sixty(6o)days of receipt of such notice before the BORROWER shall be considered in default for <br /> purposes of this SECURITY AGREEMENT. No default shall be waived by SECURED PARTY except in writing,and no <br /> waiver by SECURED PARTY of any default shall operate as a waiver of any other default or of the same default on a <br /> future occasion. The taking of this SECURITY AGREEMENT shall not waive or impair any other security SECURED <br /> PARTY may have or hereafter acquire for the payment of the above indebtedness,nor shall the taking of any such <br /> additional security waive or impair this SECURITY AGREEMENT;but SECURED PARTY shall retain its rights of set-off <br /> against the BORROWER. In the event court action is deemed necessary to enforce the terms and conditions set <br /> forth herein,said action shall only be brought in the District Court for the City and County of Denver,State of <br /> Colorado,and the BORROWER 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 the BORROWER shall bind its successors or assigns. <br /> BORROWER:CHURCH DITCH WATER AUTHORITY <br /> A WATER AUTHORITY UNDER COLORADO STATUTE <br /> i, J Signature <br /> Attest: • <br /> ` r NAME: Tamara 1'` uKi <br /> TITLE: <br /> FITS isclad <br /> DATE: Aii i I /t 20 17 <br /> PPPJ <br /> NAME: f4& ) 1 Mc( , <br /> TITLE: Uute/` <br /> IQ,� <br /> �an0.QGl� <br /> DATE: -jy-I 1 <br /> Appendix 5 <br /> Page 2 of 2 <br />