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CT2018-1960 Loan Contract
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CT2018-1960 Loan Contract
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Last modified
11/8/2017 10:33:29 AM
Creation date
11/8/2017 10:33:15 AM
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Loan Projects
Contract/PO #
CT2018-1960
Contractor Name
Fort Lyon Canal Company
Contract Type
Grant/Loan Combo
Loan Projects - Doc Type
Contract Documents
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convenient to both parties. Expenses of retaking, holding, preparing for sale, selling or the like shall include <br /> 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 to cure <br /> within sixty(60)days of receipt of such notice before the Borrower shall be considered in default for purposes <br /> of this Security Agreement. No default shall be waived by Secured Party except in writing, and no waiver by <br /> Secured Party of any default shall operate as a waiver of any other default or of the same default on a future <br /> occasion. The taking of this Security Agreement shall not waive or impair any other security Secured Party may <br /> have or hereafter acquire for the payment of the above indebtedness, nor shall the taking of any such additional <br /> security waive or impair this Security Agreement; but Secured Party shall retain its rights of set-off against the <br /> Borrower. In the event court action is deemed necessary to enforce the terms and conditions set forth herein, said <br /> action shall only be brought in the District Court for the City and County of Denver, State of Colorado,and the <br /> 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 promises <br /> and duties of the Borrower shall bind its successors or assigns. <br /> ,\\�` .1%. 9 {�,� Borrower:The Fort Lyon Canal Company <br /> (SEAL} 6 r r <br /> ' v. e • i <br /> ►�_4./r _1 _ By: <br /> i 3 ( { Signature <br /> Attest: n Ns: <br /> �� <br /> . <br /> Name: Phil Hemphill <br /> / • <br /> '; \\\ <br /> 'gill WI <br /> Title: President <br /> Date: October 11, 2017 <br /> By� <br /> Signatur <br /> Name: Dale Maiich <br /> Title: Secretary <br /> Date: October 11, 2017 <br /> Appendix 5 <br /> Page z of 2 <br />
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