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LOAN CONTRACT and SECURITY INSTRUMENTS grant additional rights to the CWCB. <br /> 8. The CWCB shall give the BORROWER written notice of any alleged default and an opportunity <br /> to cure 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 /> 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 /> 11. This Note is issued pursuant to and under the authority of §11-57-210, C.R.S. and §31-35- <br /> 413, C.R.S., and pursuant to such statutes, the foregoing recital shall be conclusive evidence <br /> of the validity and the regularity of the issuance of this Note after its delivery for value, shall <br /> conclusively impart full compliance with all of the provisions of Title 31, Article 35, Part 4, <br /> C.R.S., and this Note containing such recital shall be incontestable for any cause whatsoever <br /> after its delivery for value. <br /> 12. This Note, including the interest hereon, does not constitute a debt or indebtedness of the <br /> authority within the meaning of any constitutional or statutory provision or limitation, and shall <br /> not be considered or held to be a general obligation of the BORROWER. This Note shall not <br /> constitute a debt or an indebtedness of the contracting governmental entities which organized <br /> the authority or of any cooperating parties, within the meaning of any constitutional or <br /> statutory provision or limitation. <br /> BORROWER: Boxelder Basin Regional Stormwater <br /> Authority, a drainage authority, pursuant to C.R.S. <br /> §29-1-204.2 <br /> (SEAL) By —1<Qa C. S <br /> Signature <br /> Attest: <br /> NAME: 1(e.4 A % C. EyAl/4 <br /> 1 TITLE: ere,1 �lGv1 <br /> DATE: C I-041- <br /> By �� �i '"7 <br /> � Sig'ature <br /> / <br /> NAME: Z. a r r Lore 474"\- <br /> TITLE: J cr-e 1G, <br /> Y <br /> DATE: b/17/(4 <br /> Appendix 2 to Loan Contract C150352 <br /> Page 2 of 2 <br />