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events. <br /> 8. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the <br /> Security Instruments securing this PROMISSORY NOTE occurs, the CWCB may declare the <br /> entire outstanding principal balance of the PROMISSORY NOTE, all accrued interest, and any <br /> outstanding late charges immediately due and payable, and the indebtedness shall bear <br /> interest at the rate of 7% per annum from the date of default. The CWCB shall give the <br /> BORROWER written notice of any alleged default and an opportunity to cure within thirty (30) <br /> days of receipt of such notice before the BORROWER shall be considered in default for <br /> purposes of this PROMISSORY NOTE. <br /> 9. The BORROWER and any co-signer or guarantor hereby agree that if this PROMISSORY NOTE or <br /> interest thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs <br /> of 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 PROMISSORY NOTE shall be governed in all respects by the laws of the State of Colorado. <br /> BORROWER: Consolidated Home Supply Ditch <br /> and Reservoir Company, a Colorado nonprofit <br /> corporation <br /> (S E A L) <br /> By <br /> Signature <br /> Attest: <br /> NAME: <br /> TITLE: /"ri^c.5 dea(- <br /> DATE: // / -/ �i,3 <br /> B / <br /> Y <br /> �gnature <br /> NAME: 6;7 iv/. Fedee"t¢..P <br /> TITLE: /�c/ec7- <br /> DATE: ///.1-///-3 <br /> Appendix 2 to Loan Contract C150380 <br /> Page 2 of 2 <br />