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� � <br />Security Instruments grant additional rights to the CWCB, including the right to <br />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 LoaN <br />CotvTFtacT or the Security Instruments securing this Note occurs, the CWCB may <br />declare the entire outstanding principal balance of the Note, all 'accrued interest, <br />and any outstanding late charges immediately due and payable, and the <br />indebtedness shall bear interest at the rate of 7% per annum from the date of <br />default. The CWCB shall give the BoRROwER written notice of any alleged default <br />and an opportunity to cure within thirty (30) days of receipt of such notice before the <br />BoRROwER shall be 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 attorney fees. In the event of <br />any bankruptcy or similar proceedings, costs of collection shall include all costs and <br />attorney 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 governed in all respects by the laws of the State of Colorado. <br />(SEAL) <br />A t: , <br />� <br />By <br />Denice M. agner, Sec tary <br />BoRROwER: Bijou Irrigation District <br />By �� . r1,�T-.�- <br />Mike Groves, President <br />Appendix A to Loan Contract C150259 Amendment No. 2 <br />Page 2 of 2 <br />