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<br /> the sole discretion of the Lender. The remedies of the Lender may <br /> be exercised as often as occasion therefor shall occur and the <br /> failure to exerCIse any such right or remedy shall In no event be <br /> construed as a waiver or release thereof. <br /> The Lender shall not be deemed, by any act or omIS- <br /> sIon or commIssIon, to have waived any of its r igh ts or remedies <br /> hereunder unless such waIver IS In writing and s iq ned by the <br /> Lender, and then only to the extent specifically set forth In the <br /> writina. A waIver with reference to one event shall not be <br /> construed as continuing or as a bar to or waIver of any rig h t <br /> or remedy as to a subsequent even t . <br /> This Bond IS transferable only In the registration <br /> book of the Issuer at the office of the City Clerk, by an officer <br /> of the Lender or by its aa e n t duly authorized In wr i t i ng , at the <br /> Lenc'ler's expense, upon surrender hereof toaether with a written <br /> ins t ru me n t of transfer satisfactory to the Ci ty Clerk, duly <br /> executed by the Lender or its duly authorized agent. Upon such <br /> transfer the City Clerk will note the date of registration and the <br /> name and address of the new registered owner of this Bond In the <br /> reaistration blank appearIng below and In the r eq i s t rat ion book. <br /> The Issuer may deem and treat the person in whose name the Bond IS <br /> last reqistered in the registration book of the Issuer as the <br /> absolute owner hereof, whether or not overdue, for the purpose <br /> of receIVIng payments of or on the account of the Principal <br /> Balance, or interest and for all other purposes, and all such <br /> payments so mad e to the Lender or upon its ord er shall be valid <br /> and effective to satisfy and discharge the liability upon the Bond <br /> to the extent of the sum or sums so paid, and the Issuer shall not <br /> be affected by any notice to the contrary. <br /> IT IS HEREBY CERTIFIED AND RECITED that all cond i tions, <br /> acts and thinas required to exist, happen and be performed prece- <br /> dent to or In the Issuance of this Bond do ex i s t, have happened <br /> and have been performed In regular and due form as reaui red <br /> by law. <br /> IN WITNESS WHEREOF, The Issuer has caused this Bond to <br /> be duly executed under its seal. <br /> Dated: , 1984. <br /> CITY OF LOUISVILLE, COLORADO <br /> ( SEA L ) By: (Do Not Sign) <br /> Mayor <br /> ATTESTED: <br /> (Do Not Sign) <br /> City Clerk <br /> - 7 - <br />