Laserfiche WebLink
8. If any annual payment is not paid when due or any default under the LoAtv CoN7RacT or the <br />Security Instruments securing this Note occurs, the CWCB may declare the entire outstanding <br />principal balance of the Note, all accrued interest, and any outstanding late charges <br />immediately due and payable, and the indebtedness shall bear interest at the rate of 7°/a : per <br />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 thirty (30) days of receipt of such notice <br />before 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 <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 connection <br />with such proceedings, including the fees of counsel for attendance at meetings of creditors' <br />committees or other committees. <br />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br />BoRROwER: Upper Surface Creek <br />;, „�.: ` Domestic Water Users Association, a <br />' ' � r �' ° "' -� Colorado nonprofit corporation <br />; � (SEAL) <br />_ .. . _ By <br />° ` Gerald L. Figueroa, esident <br />Aftest <br />By ��� �•� , <br />Dan A. Hawkins, Corporate Secretary <br />Page 2 of 2 <br />