Laserfiche WebLink
• ` <br />water rights and/or accounts of the BoRROwER. The LoaN CotvTRACT and Security <br />Instruments grant additionai rights to the CWCB, including the right to accelerate the <br />maturity of this Note in certain events. <br />9. If any annual payment is not paid when due or any default under the LoAtv CoNTwacT <br />or the Security Instruments securing this Note occurs, the CWCB may declare the <br />entire outstanding principal balance of the Note, all accrued interest, and any <br />outstanding late charges immediately due and payable, and the indebtedness shall <br />bear interest at the rate of 7% per annum from the date of default. The CWCB shall <br />give the BoRROwER written notice of any alleged default and an opportunity to cure <br />within thiriy (30) days of receipt of such notice before the BoRROwER shall be <br />considered in default for purposes of this Promissory Note. <br />10. The BoRROwER and any co-signer or guarantor hereby agree that if this Note or <br />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 of any <br />bankruptcy or similar proceedings, costs of collection shall include all costs and <br />attomey fees incurred in connection with such proceedings, including the fees of <br />counsel for attendance at meetings of creditors' committees or other committees. <br />11. This Note shall be govemed in all respects by the laws of the State of Colorado. <br />BORROWER: Well Augmentation <br />Subdistrict of the Central Colorado Water <br />Conservancy District <br />(SEAL) <br />By <br />ry erman, President <br />Attest: <br />By ��% <br />.� -�.�-- � �c��. <br />� Randy Ray, Secretary <br />Appendix A to Loan Contract C150194 Amendment No. 2 <br />Page 2 of 2 <br />