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<br />Amendments between the CWCB and the BORROWER. The LOAN CONTRACT <br />creates security interests in favor of the CWCB to secure the prompt payment <br />of all amounts that may become due hereunder. Said security interests are <br />evidenced by a Security Agreement and/or Assignment(s) ("Security <br />Instruments") of even date and amount and cover certain revenues, real <br />property, water rights and/or accounts of the BORROWER. The LOAN CONTRACT <br />and Security Instruments grant additional rights to the CWCB. <br /> <br />9. The CWCB shall give the BORROWER written notice of any alleged default and <br />an opportunity to cure within thirty (30) days of receipt of such notice before <br />the BORROWER shall be considered in default for purposes of this Promissory <br />Note. <br /> <br />10. The BORROWER and any co-signer or guarantor hereby agree that if this Note <br />or 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 <br />of any bankruptcy or similar proceedings, costs of collection shall include all <br />costs and attorney fees incurred in connection with such proceedings, including <br />the fees of counsel for attendance at meetings of creditors' committees or other <br />committees. <br /> <br />11. This Note shall be governed in all respects by the laws of the State of <br />Colorado. <br /> <br />BORROWER: THE DOLORES WATER <br />CONSERVANCY DISTRICT, ACTING <br />BY AND THROUGH THE DOLORES <br />WATER CONSERVANCY DISTRICT <br />WATER ACTIVITY ENTERPRISE <br /> <br />(SEAL) <br /> <br />By ~",QQ,w,,2J--'- .Q\ <br /> <br />Donald W. Schwindt, President <br /> <br />Attest: <br /> <br /> <br />f'i <br /> <br />Appendix A to Loan Contract C150058A Amendment No.2 <br />Page 2 of 2 <br /> <br />