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<br />secure the prompt payment of all amounts that may become due hereunder. Said <br />security interests are evidenced by a Security Agreement ("Security InstrumenY') of <br />even date and amount and cover certain revenues, real property, water rights and/or <br />accounts of the BORROWER. Th@ LOAN CONTRACT and Security Instrument grant <br />additional rights to the CWCB. <br />9. The CWCB shall give the BoRROwER written notice of any alleged default and an <br />opportunity to cure within thirty (30) days of receipt of such notice before the <br />BoRROwER shall be considered in default for purposes of this Promissory Note. <br />10. 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 />11. This Note shall be governed in all respects by the laws of the State of Colorado. <br />BoRROwER: Bi~ou Irrigation District <br />(SEAL) ,/ '~ ~ <br />gy . <br />' %'' ~ J. rening, P sident <br />Attest: ..-~~ <br />By - u~ L ' <br />Denice agner, Secr ary <br />Appendix B to Loan Contract C150256 Amendment No. 1 <br />