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<br />'\ <br /> <br />agrees to execute releases of the security agreement and Assignment of Deposit <br />Account to convey to the BORROWER all of the STATE'S right, title, and interest in and to <br />the security provided for this loan, and to file a UCC-3 form with the Secretary of <br />State to terminate all of the STATE'S rights in and to the security provided for this loan. <br /> <br />15. Designated Agent Of The STATE. The CWCB, which includes its agents and <br />employees, is hereby designated as the agent of the STATE for the purpose of this <br />contract. <br /> <br />16. Contract Assignment. This contract is not assignable by the BORROWER except with <br />the prior written approval of the STATE. <br /> <br />17. Contract Relationship. The parties to this contract intend that the relationship <br />between them contemplated by this contract is that of lender-borrower, not employer- <br />employee. No agent, employee, or servant of the BORROWER shall be, or shall be <br />deemed to be, an employee, agent, or servant of the STATE. The BORROWER shall be <br />solely and entirely responsible for its acts and the acts of its agents, employees, <br />servants, engineering firms, construction firms, and subcontractors during the <br />performance of this contract. <br /> <br />18. Complete Integration Of All Understandings. This agreement is intended as the <br />complete integration of all understandings between the parties. No prior or <br />contemporaneous addition, deletion, or other amendment hereto shall have any force <br />or effect whatsoever unless embodied herein in writing. No subsequent novation, <br />renewal, addition, deletion, or other amendment hereto shall have any force or effect <br />unless embodied in a written contract executed and approved pursuant to STATE fiscal <br />rules. <br /> <br />19. Captions. The captions and headings contained in this contract are for convenience <br />and reference only and shall not be construed so as to define or limit the terms or <br />provisions contracted herein. <br /> <br />20. STATE'S Approval. This contract requires review and approval of plans, <br />specifications, and various other technical and legal documents. The STATE'S review <br />of these documents is only for the purpose of verifying BORROWER'S compliance with <br />this contract and shall not be construed or interpreted as a technical review or <br />approval of the actual design or construction of the PROJECT rehabilitation. <br />Notwithstanding any consents or approvals given to the BORROWER by the STATE on <br />any such documents, BORROWER and its CONSULTANT, by preparing any such <br />documents, shall be solely responsible for the accuracy and completeness of any of <br />said documents. <br /> <br />21. Waiver. The waiver of any breach of a term of this contract shall not be construed as <br />a waiver of any other term, or of any subsequent breach of the same term. <br /> <br />22. Addresses For Mailing. All notices, correspondence, or other documents required <br />by this contract shall be delivered or mailed to the following addresses: <br /> <br />Feasibility Report Loan Contract <br /> <br />Page60f11 <br />