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<br />Security Agreement or Deed of Trust securing this Note occurs, the CWCB may declare the <br />entire outstanding principal baJanceof the Note, all accrued interest, and any outstanding late, <br />charges immediately due and payable, and the indebtedness shall bear interest at the rate of <br />7% per annum from the date of defaulLThe ewCB shall give the BORROWER written notice of <br />any 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 /> <br />'9. The .BORROWER and any co-s\gner 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 rea,sonable 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: Kern Reservoir and Ditch <br />Company, a Colorado nonprofit corporation <br /> <br />(SEAL) <br /> <br />By <br /> <br />!/t) c1~~YL1 IJlA <br />, w. Wa e Miller, President <br /> <br />Attest: <br /> <br />~a.~ <br /> <br />, u ,e Chester, Corporate Secretary , <br />