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principal balance of the Note, all accrued interest, and any outstanding late charges <br />immediafely due and payabfe, and the indebtedness shall bear irrterest at the rate of 7% per <br />annum from the date of default. The CWCB shall give the BoRROwER written notice of any <br />alteged default and an opportunity to cure within thirty (30) days of receipt of such notice <br />before the BoRROwER 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 irrterest <br />thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br />collection, including reasonable attomey fees. In the ever�t of any bankruptcy or similar <br />proceedings, costs of collection shall include all costs and attorne f 'ncurred in connection <br />with such proceedings, includinq the fees of counse! attendan at etings of creditors' <br />committees or other committees. <br />10. This Note shall b ve d in all re ects b he laws he State rado. <br />BoRROwER: Granby Ditch and Reservoir <br />mpany <br />(SEAL) <br />BY <br />Ge e F. Fulton, President <br />I�i�� <br />s ���.� . � <br />Chuck Richards, Secretary <br />Appendix 2 to Loan Contract C150266 <br />Page 2 of 2 <br />