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.� <br />CWCB to secure the prompt payment of all amounts that may become due <br />hereunder. Said security interests are evidenced by Deeds of Trust ("Security <br />Instruments'� of even date and amount and cover certain revenues, real <br />property, water rights and/or accounts of the BoRROwER. The LonN Con�w�►cT <br />and Security Instruments grant additional rights to the CWCB, including the <br />right to accelerate the maturity of this Note in certain events. <br />9. If any annual payment is not paid when due or any default under the Loani <br />CoNTw�cT or the Security Instn.iments securing this Note occurs, the CWCB <br />may declare the entire outstanding p�ncipal balance of the Note, all accrued <br />interest, and any outstanding late charges immediately due and payable, and <br />the indebtedness shall bear interest at the rate of 7% per annum from the date <br />of default. The CWCB shall give the BoRROwER written notice of any alleged <br />default and an opportunity to cure within thirty (30) days of receipt of such <br />notice before the BoRROwER shall be considered in default for purposes of <br />this Promissory Note. <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 attomey fees. In the event <br />of any bankruptcy or similar proceedings, costs of collection shall include all <br />costs and attomey 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 />11. This Note shall be governed in all respects by the laws of the State of <br />Colorado. <br />BoRROVVER: Tom C. Hill <br />(SEAL) <br />State of Colorado ) <br />) ss. <br />County of � 6-1 ti,'� ) <br />B T--�-�-�-� e ���`-�-Q-� <br />Tom C. ill <br />The foregoing instrument was acknowledged before e on � <br />2008, by Tom C. Hill,,,����rado individual. Witness my�i and and <br />� C ��� <br />,� �p1AR� <br />�r <br />:� <br />� - «� = - Notary Public <br />,� �� PUeI��' \� <br />M commission e e� `�: T` �� C� � <br />Y �lly,..- -- <br />My Commission Ezpires 02/16/2011 <br />Appendix A to Loan Contract C150233 <br />