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• 0 <br />CWCB to secure the prompt payment of all amounts that may become due <br />hereunder. Said security interests are evidenced by Security Agreements, <br />Deeds of Trust, and Assignments ( "Security Instruments ") of even date and <br />amount and cover certain revenues, real property, water rights and /or accounts <br />of the BORROWER. The LOAN CONTRACT and Security Instruments grant <br />additional rights to the CWCB, including the right to accelerate the maturity of <br />this Note in certain events. <br />9. If any annual payment is not paid when due or any default under the LOAN <br />CONTRACT or the Security Instruments securing this Note occurs, the CWCB <br />may declare the entire outstanding principal balance of the Note, all accrued <br />interest, and any outstanding late charges immediately due and payable, and <br />the indebtedness shall bear interest at the rate of 7% per annum from the date <br />of default. The CWCB shall give the BORROWER written notice of any alleged <br />default and an opportunity to cure within thirty (30) days of receipt of such <br />notice before the BORROWER shall be considered in default for purposes of <br />this Promissory Note. <br />10. The BORROWER and any co- signer or guarantor hereby agree that if this Note <br />or 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 <br />of any bankruptcy or similar proceedings, costs of collection shall include all <br />costs and attorney fees incurred in connection with such proceedings, including <br />the fees of counsel for attendance at meetings of creditors' committees or other <br />committees. <br />11. This Note shall be governed in all respects by the laws of the State of <br />Colorado. <br />BORROWER: Boulder and White <br />Rock Ditch and Reservoir <br />Company <br />(SEAL) <br />By <br />I" s Van Thuyne, Jr., Presid t <br />Attest: <br />By ---j" (:"� A <br />Dan Grant, Secretary- Treasurer <br />Appendix B to Loan Contract C150279 <br />