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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: Parker Water and Sanitation <br /> District acting by and through its Water <br /> Activity Enterprise <br /> (S E A L) <br /> rignature <br /> Attest: <br /> NAME:�C(--t{ <br /> TITLE: Ye�-`�° /Cr\0-.,r <br /> DATE: - <br /> By /1 <br /> 'ig ature <br /> NAME: <br /> TITLE: <br /> DATE: <br /> Appendix 2 to Loan Contract C150410D <br /> Page 2 of 2 <br />