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<br />declare the entire outstanding principal balance of the Note, all accrued interest, and any <br />outstanding late charges immediately due and payable, and the indebtedness shall bear <br />interest at the rate of 7% per annum from the date of default. The CWCB shall give the <br />BORROWER written notice of any alleged default and an opportunity to cure within thirty (30) <br />days of receipt of such notice before the BpRROWER shall be considered in default for <br />purposes of this Promissory Note. <br /> <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 /> <br />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> <br />BORROWER: Silver Springs Trout Farm, Inc. <br /> <br />B~~~~ <br /> <br />Daniel A. Sherwood, President <br /> <br />(SEAL) <br /> <br />Attest: <br /> <br /> <br />e P. Sherwood, Corporate Secretary <br /> <br />Borrower: Daniel A. and Jacqueline P. <br />S~Od Trust, UtA DTD 1216t~ <br /> <br />B ~~~ <br /> <br />Daniel A. Sherwood, Trustee <br /> <br />BY~<~"~ p~ <br />JacqLfeline P. Sherwood, Trustee <br />