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principal balance of the Note, all acxrued interest, and any outstanding late charges <br />immediately due and payable, and the indebtedness shall bear interest at the rate of 7°ib per <br />annum from the date of default. The CWCB shall give the BoRROwER written notice of any <br />alleged default and ER shall be� cons dered n default fo purposes of this Prom Note. <br />before the BoRROW <br />9. The BoRROwER : and any co-signer or guarar�tor hereby agree that if this Note or interest <br />thereon is not paid when due or if suit is brought, then it shatl pay all reasonable costs of <br />collection, induding reasonable attomey fees. In the everrt of any bankruptcy or similar <br />proceedings, costs ofi collection shall indude all costs and attomey fees incurred in connection <br />with such proceedings, including the fees of counsel for attendance at meetings of creditors' <br />committees or other committees. <br />10. This Note shall be govemed in all respeds by the laws of the State of Colorado• <br />gpRROwER: Trinchera Irrigation Company, a <br />Colorado nonprofit corporation <br />(SEAL) <br />Attest: <br />B � <br />Tra S. Kester, President <br />By ��e.� �� <br />Robert E. Espinosa, Secr ry-Treasurer <br />Appendix 2 to Loan Contract C150316 <br />Page2of2 <br />