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.11romissory Note A Principal Amount: $334,053.87 Interest Rate: 5% Term: 30 Years Loan Payment: $21,730.68 Loan Contract: No. C153773 Date of Note: May 1, 2000 1. For Value Received, the Town of Morrison ( "BORROWER ") promises to pay the State of Colorado Water Conservation Board ( "STATE "), the principal sum of Three Hundred Thirty Four ousand and Fifty Three and 87/00 Dollars ($334,053.87) with annual payments of Twenty On nd Seven Hundred Thirty and 68/100 Dollars ($21,730.68) based on the interest rate of F' ) per annum on the outstanding principal balance for a term of thirty (30) years ' paid uant to Loan Contract No. C153773, as amended ( "LOAN CONTRACT "). 2. The first installment shall be due on July 22, 1999, and annually thereafter until th t' i p I sum and any accrued interest shall have been paid in full. 3. All payments received shall be applied first to accrued interest and then to the retireme the principal. Payments shall be made payable to the Colorado Water Conservation Board and mailed to 1313 Sherman Street, Room 721, Denver, Colorado 80203. 4. This Note may be prepaid in whole or in part at any time without premium or penalty, with prepayments applied first to any accrued interest and then to reduce the principal amount. Any partial prepayment shall not postpone the due date of any subsequent payments or change the amount of such payments. 5. This Note is issued pursuant to he LOAN CONTRACT between the STATE and the BORROWER. The LOAN CONTRACT creates security interests in favor of the STATE to secure the prompt payment of all amounts which may become d e hereunder. The security interests, evidenced by a Security Agreement and a Deed of Trust, cover certain revenues, accounts and other property of the BORROWER. The LOAN CONTRACT, Security Agreement and Deed of Trust grant additional rights to the STATE, including the right to accelerate the maturity of this Note in certain events. 6. If any payment of principal or interest is not paid promptly when due or any default under the LOAN CONTRACT or the Security Agreement or Deed of Trust securing this Note occurs, the STATE may declare the entire outstanding principal balance of the Note, and all accrued interest, immediately due and payable, without notice or de and, and the indebtedness shall bear interest at the rate of 7% per annum from the date of default. 7. The BORROWER, any guarantor, end any other person who is now or may hereafter become primarily or secondarily liable for the payment of this Note or any portion thereof hereby agree that if this Note or interest thereon is not paid whe due or suit is brought, then it shall pay all reasonable costs of collection, including reasonable a torney fees. In the event of any bankruptcy or similar proceedings, costs of collection shall includ all costs and attorney fees incurred in connection with such proceedings, including the fees of counsel for attendance at meetings of creditors' committees or other committees. 8. This Note shall be governed in all respects by the laws of the State of Colorado. BORROWER: The Town of Morris . By Kathleen A. Dichter, Mayor Attest: By avid Clyn dmmistrator Exhibit A to Loan ontract PUBLIC rRUSrEE CANcLeLLED JUN 14 2013 'JEFFERSON COON , Y COLORA O C153773 Amendment No. 1