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8. If any annual payment is not paid when due or any default under the LoA►v CotvTw�CT or the <br />Security Instruments securing this Note occurs, the CWCB may declare the entire <br />outstanding principal balance of the Note, all accrued interest, and any outstanding late <br />charges immediately due and payable, and the indebtedness shall bear interest at the rate <br />of 7% per annum from the date of default. The CWCB shall give the BORROWER written <br />notice of any alleged default and an opportunity to cure within thirty (30) days of receipt of <br />such notice before the BORROWER shall be considered in default for purposes of this <br />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 of <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 <br />connection with such proceedings, including the fees of counsel for attendance at meetings <br />of creditors' committees or other committees. <br />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br />��'`�a��., �ti� �., <br />. <br />S <br />: <br />• ��i�� •' <br />��� O R AD <br />Donn Engel, Se <br />BORROWER: WRCC, Inc., a Colorado <br />nonprofit corporation <br />By <br />nderson, President <br />Treasurer <br />Appendix 2 to Loan Contract C150271 <br />Page 2 of 2 <br />