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Instruments grant additional rights to the CWCB, inciuding the right to accelerate the <br />maturity of this Note in certain events. <br />8. If any annual payment is not paid when due or any default under the LoAN Cot�qc r or <br />the Securiiy Instruments securing this Note occurs, the CWCB may declare the entire <br />outstanding principal balance of the Note, all accrued interest, and any outstanding iate <br />charges immediately due and payabfe, and the indebtedness shall bear interest at the <br />rate of 7°� per annum from the date of default. The CWCB shall give the BoRROwER <br />written notice of any alleged default and an opportunity to cure within thirty (30) days <br />of receipt of such notice before the BoRROwER shall be c ' red in defautt for <br />purposes of this Promissory Note. <br />9. The BoRROw� and any co-signer or guarantor he y agree th if is Note or interest <br />thereon is not paid when due or if suit is brought, th it shall y all reasonable costs <br />of collection, including reasonable a fees. I e event of any bankruptcy or <br />similar proceedings, costs of cotlecti shall clude a costs and attomey fees incurred <br />in connectior� with such ding incl mg the fees of counsel for attendance at <br />meetings of creditors"1�m ittees or ot committees. <br />10. This Note shall be <br />(SEAL) <br />in all respects by the laws of the State of Colorado. <br />Attest: <br />B _. <br />Regin illiams, Secretary-Treasurer <br />BORROWER East Mancos Highline Ditch <br />Company, a Colorado nonprofit <br />corporation <br />gy . <br />nna Robbins, President <br />Appendix 2 to Loan Contract C150207 <br />Page 2 of 2 <br /> i - <br />