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The LoaN Co-vTRacT creates security interests in favor of the CWCB to secure the prompt <br />payment of all amounts that may become due hereunder. Said security interests are <br />evidenced by a Security Agreement, Deed ("Security Instruments") of even date and amount <br />and cover certain revenues, real property, water rights and/or accounts of the BORROWER. <br />The LoArv CoNTRacT and Security Instruments grant additional rights to the CWCB. <br />8. 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 BoRROwER <br />shall be considered in default for purposes of this Promissory Note. <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 ofi <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 />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br />BoRROwER: San Luis Valley Water <br />Conservancy District, acting by and <br />through its Water Activity Enterprise <br />(SEAL) <br />By ,'',~l' ~' ~~~','%C~c.'_ - - <br />" Robert Felmlee, President <br />Attest: <br />gy y%/ ~ ~ --- <br />M. Dee Gre~man, Secretary-Treasurer <br />Appendix 2 to Loan Contract C150269 <br />Page 2 of 2 <br />