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date and amount and cover certain revenues, real property, water rights and/or accounts of <br />the BORROWER. The LOAN CONTRACT and Security Instruments grant additional rights to the <br />CWCB. <br />8. The CWCB shall give the BORROWER written notice of any alleged default and an <br />opportunity to cure within thirty (30) days of receipt of such notice before the BORROWER <br />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, including reasonable attorney fees. In the event of any bankruptcy or similar <br />proceedings, costs of collection shall include all costs and attorney 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 governed in all respects by the laws of the State of Colorado. <br />BORROWER: Snowmass Water 8 Sanitation <br />District, acting by and through its Water <br />Activity Ente wise-, <br />(SEAL) <br />--- --r rfS <br />Throm, President <br />Attest: <br />By <br />David Dawson, Treasurer <br />Appendix 2 to Loan Contract C150315 <br />Page 2 of 2 <br />