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principal balance of the Note, all accrued interest, and any outstanding late charges immediately <br />due and payable, and the indebtedness shall bear interest at the rate of 7% per annum from the <br />date of defau�. The CWCB shall give the BoRROwER written notice of any alleged defauft and <br />an opportunity to cure within thirty (30) days of receipt of such notice before the BoRROwER <br />shall be considered in default for purposes of this Promissory Note. <br />9. The BoRROwER and any casigner or guarantor hereby agree that if this Note or interest thereon <br />is r�t paid when due � if suit is brought, then it shall pay all reasonable costs of collection, <br />including reasonable attomey fees. In the event of any bankruptcy a simi{ar proceedings, costs <br />of collection shall include all costs and attomey fees incur�ed in connection with such <br />proceedings, including the fees of counsel for attendance at meetings of creditors' committees <br />or other committees. <br />10. This Note shall be govemed in all respects by the laws of the State of Colorado. <br />BoRROwER: Beaver Reservoir Company, a <br />Colorado nonprofit corporation <br />(SEAL) <br />B ,?�, ` � <br />�,�..�---� <br />Tom Gillespi , President <br />Appendix 2 to Loan Contract C150190 <br />Page 2 of 2 <br />