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• <br />E:] <br />prircipal balance of the Note, all accrued interest, and any outstanding late charges <br />immediately due and payable, and the indebtedness shall bear interest at the rate of 7% per <br />an um from the date of default. The CWCB shall give the BORROWER written notice of any <br />allEged default and an opportunity to cure within thirty (30) days of receipt of such notice <br />bef re 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 />the eon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br />colt ction, including reasonable attorney fees. In the event of any bankruptcy or similar <br />pr eedings, costs of collection shall include all costs and attorney fees incurred in connection <br />witt such proceedings, including the fees of counsel for attendance at meetings of creditors' <br />cor imittees or other committees. <br />10. Tht Note shall be governed in all respects by the laws of the State of Colorado. <br />BORROWER: Lake Canal Reservoir Company <br />Attest: <br />By <br />EAL) <br />By a, ' <br />Rod ,pby Nelson, President <br />Alden V. Hill, 66cretary <br />/ / - /Y- zC4 �-)q <br />Appendix 2 to Loan Contract C150299 <br />Page 2 of 2 <br />