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<br />the prompt payment of all amounts that may become due hereunder. Said security <br />interests are evidenced by a Security Agreement, and Deed of Trust ("Security <br />Instruments") of even date and amount and cover certain revenues, real property, water <br />rights and/or accounts of the BORROWER. The LOAN eONTRACT and Security Instruments <br />grant additional rights to the eWeB, including the right to accelerate the maturity of this <br />Note in certain events. <br /> <br />9. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the <br />Security Instruments securing this Note occurs, the eWeB may declare the entire <br />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 <br />of 7% per annum from the date of default. The eWCB shall give the BORROWER written <br />notice of any alleged default and an opportunity to cure within thirty (30) days of receipt of <br />such notice before the BORROWER shall be considered in default for purposes of this <br />Promissory Note. <br /> <br />10. The BORROWER and any co-signer or guarantor hereby agree that if this Note or interest <br />thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br />collection, including reasonable attorney fees. In the event of any bankruptcy or similar <br />proceedings, costs of collection shall include all costs and attorney fees incurred in <br />connection with such proceedings, including the fees of counsel for attendance at meetings <br />of creditors' committees or other committees. <br /> <br />11 . This Note shall be governed in all respects by the laws of the State of eolorado. <br /> <br />BORROWER: The North Poudre Irrigation <br />eompany, a Colorado nonprofit corporation <br /> <br />CORPORATE <br />SEAL <br />,t...l.~~.::/ c <br /> <br /> <br />-r~ <br /> <br />By' <br /> <br /> <br />"., ..:' '. <br />...... '. '."'" <br />':,~'. ~j; <br />/. r',,- . <br /> <br />.~ .r-'-: <br />~'- -r ''"{ .{r : c:' <br />::.{..r 1 -~ tj v ~ :-,,: <br />-..,. ...-.........~ <br /> <br />.:"..}~. <br /> <br /> <br />.J ~~ <br />Attest;,~j .. .' --;-~ <br />, ",1. . '\ >' <br /> <br /> <br />By 1ii;ji:j~ <br /> <br />Sharon Seaworth, eorporate Secretary <br /> <br />Appendix A to Loan Contract C150013 Amendment No.1 <br />