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�� , <br />� <br />. `� <br />8. If any annual payment is not paid when due or any default under the LoaN CoNTw4CT or the Security <br />Agreement, Deed of Trust, or Assignment securing this Note occurs, the CWCB may declare the <br />entire outstanding principal balance of the Note, all accrued interest, and any outstanding late <br />charges immediately due and payable, and the indebtedness shall bear interest at the rate of 7% <br />per annum from the date of default. The CWCB shall give the BoRROwER written notice of any <br />alleged default and an opportunity to cure within thiriy (30) days of receipt of such notice before <br />the BoRROwER shall be considered in default for purposes of this Promissory Note. <br />9. The BoRROwER and any co-signer or guarantor hereby agree that if this Note or interest thereon is <br />not paid when due or if suit is brought, then it shall pay all reasonable costs of collection, including <br />reasonable attomey fees. In the event of any bankruptcy or similar proceedings, costs of collection <br />shall include all costs and attorney fees incurred in connection with such proceedings, including the <br />fees of counseF for attendance at meetings of creditors' committees or other committees. <br />10. This Note shall be govemed in all respects by the laws of the State of Colorado. <br />(SEAL) <br />Attest: <br />BoRROwER: The Amity Mutual Irrigation Company, <br />a Colorado nonprofit corporation <br />By � ' Lo��� _ <br />Keith Clark, President <br />By <br />Kerry Wag r, Cor rate Secretary <br />