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<br />outstanding late charges immediately due and payable, and the indebtedness shall <br />bear interest at the rate of 7% per annum from the date of default. The CWCB shall <br />give the BORROWER written notice of any alleged default and an opportunity to cure <br />within thirty (30) days of receipt of such notice before the BORROWER shall be <br />considered in default for purposes of this Promissory Note. <br /> <br />10. The BORROWER, any guarantor, and any other person who is now or may hereafter <br />become primarily or secondarily liable for the payment of this Note or any portion <br />thereof hereby agree that if this Note or interest thereon is not paid when due or if suit <br />is brought, then it shall pay all reasonable costs of collection, including reasonable <br />attorney fees, In the event of any bankruptcy or similar proceedings, costs of <br />collection shall include all costs and attorney fees incurred in connection with such <br />proceedings, including the fees of counsel for attendance at meetings of creditors' <br />committees or other committees. <br /> <br />11. This Note shall be govemed in all respects by the laws of the State of Colorado, <br /> <br />BORROWER: Town of Monument, <br />Colorado, acting by and through the <br />Town of Monument, Colorado, Water <br />Enterprise <br /> <br />~ <br /> <br />(S EAL) <br /> <br />Attest: <br /> <br />By ~ <br />Anne Holliday, Secretary <br /> <br />