C150271 contract docs

• Contract/PO #: C150271
• Contractor Name: WRCC, Inc.
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

8. if any annual payment is not paid when due or any default under the LoAN CoNTRACT or the
Security Instruments securing this Note occurs, the CWCB may declare the entire
outstanding principal balance of the Note, all accrued interest, and any outstanding late
charges immediately due and payable, and the indebtedness shall bear interest at the rate
of 7% per annum from the date of default. The CWCB shall give the BORROWER written
notice of any alleged default and an opportunity to cure within thirty (30) days of receipt of
such notice before the BORROWER shall be considered in default for purposes of this
Promissory Note.
9. The BoRROwER and any co-signer or guarantor hereby agree that if this Note or interesi
thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of
collection, including reasonable attorney fees. In the event of any bankruptcy or similar
proceedings, costs of collection shall include all costs and attorney fees incurred in
connection with such proceedings, including the fees of counsel for attendance at meetings
of creditors' committees or other committees.
10. This Note shall be governed in all respects by the laws of the State of Colorado.
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nn Engel, Se
Treasurer
BORROWER: WRCC, Inc., a Colorado
nonprofit corporation
By
nderson, President
Appendix 2 to Loan Contract C150271
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