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<br />" <br /> <br />accelerate the maturity of this Note in certain events. <br /> <br />8. If any annual payment is not paid when due or any default under the LOAN CONTRACT <br />or Deed of Trust securing this Note occurs, the CWCB may declare the entire <br />outstanding principal balance of the Note, all accrued interest, and any outstanding <br />late charges immediately due and payable, and the indebtedness shall bear'interest at <br />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 ClJre within <br />thirty (30) days of receipt of such notice before the BORROWER shall be considered in <br />default for purposes of this Promissory Note. <br /> <br />9. The BORROWER and any co-signer or guarantor hereby agree that if this Note or <br />interest thereon is not paid when due or if suit is brought, then it shall pay all <br />reasonable costs of collection, including reasonable attorney fees. In the event of any <br />bankruptcy or similar proceedings, costs of collection shall include all costs and <br />attorney fees incurred in connection with such proceedings, including the fees of <br />counsel for attendance at meetings of creditors' 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: Shultz Farm, Inc., a <br />Colorado corporation <br /> <br />By <br /> <br /> <br />resident <br /> <br />(SEAL) <br /> <br />Attest: <br /> <br />ByjJ-~S~~ <br /> <br /> <br />Darlene Shultz <br /> <br />~_4+,"_~ <br />