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� <br />� <br />principal balance of #he Note, ail acxrued interest, and any outstanding late charges <br />immediately due and payable, and the indebtedness shall bear interest at the rate of 7% per <br />annum from the date of default. The CWCB shall give the BoRROwER written notice of any <br />alleged defautt and an opportunity to cure within thirty (30) days of receipt of such notice <br />before the BoRROwER shall be considered in default for purposes of this 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, indudirtg reasonable attomey fees. In tt� event of any bankruptcy or similar <br />proceedings, costs of collection shall include all costs and attomey fees incurred in connection <br />with such proceedings, including the fees of counsel for attendance at meetirxx�s of creditors' <br />committees or other committees. <br />10. This Note shall be govemed in all respects by the laws of the State of Colorado. <br />(SEAL) <br />Attest: <br />By <br />Robert E. Espinosa, Secr ary-Treasurer <br />BORROwER: Trinchera Irrigation Company a <br />Colorado nonprofit corporation <br />g S <br />Tra S. Kester, President <br />Appendix 2 to Loan Contract C150316 <br />Page 2 of 2 <br />