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<br />e <br /> <br />e <br /> <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 eON TRACT and Security Instruments <br />grant additional rights to the CWCB, 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 eONTRACTor 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 CWeB 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 />Company, a eolorado nonprofit corporation <br /> <br />CORPORATE <br />SEAL <br />rl I r , <br />(,~.t nhlG <br />;:> "'~":~~~~ -~.,.~ .~. "'."" ~-f / <br />,'" '..... '- ~1'-':~.<':'.5. (. <br />... . '\:.',-:;.; <br />ii' :): :'" -Q;", . . B \I <br />': <- : -: ;f"'--: ~. <br />.( .r: 1:'1 '1 ~( :e:' <br />i c:; (~:S jlJ jl 51.)r. .:;;;.' <br />,~~ ';t!:-". . <br />,.:;-,_';::. ",J .:'.J:'r <br />Attest,:/'..'" "'.- <br />. ",' ,.' . \, <br /> <br />~:-.:.,.:~,:;',L. ;.~.'A."~:,'~",',"..:'/:~','.':".:".' . " <br /> <br />'-, ',- ,n,)',:'r'-",'':"'''- <br /> <br />By ,/ ..,,'.,'.' . - <br />Sharon Seaworth, Corporate Secretary <br /> <br /> <br />Appendix A to Loan Contract C150013 Amendment No.1 <br />