Laserfiche WebLink
• 0 <br />Instruments grant additional 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 LOAN CONTRACT <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 thirty (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 attorney fees. In the event of any <br />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 />BORROWER: Boulder and White Rock <br />Ditch and Reservoir Company <br />(SEAL) <br />By . <br />Julius Van Thuyne, Jr., resi t <br />Attest: <br />By �- <br />Dan Grant, Secretary - Treasurer <br />Appendix A to Loan Contract C150279 Amendment No. 2 <br />Page 2 of 2 <br />