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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 authorized pursuant to and in accordance with the Constitution of the State of <br /> Colorado and all other laws of the State of Colorado thereunto enabling. Specifically, but not <br /> by way of limitation, the Loan Contract is authorized by the Borrower pursuant to Title 32, <br /> Article 1, C.R.S. and Title 11, Article 57, Part 2, C.R.S. Pursuant to such statutes, the <br /> foregoing recital shall be conclusive evidence of the validity and the regularity of the issuance <br /> of this Note after its delivery for value, sally conclusively impart full compliance with all of the <br /> provisions of Title 32, Article 1, C.R.S., and this Note containing such recital shall be <br /> incontestable for any cause whatsoever after its delivery for value. <br /> 6®�Og17706gd0' <br /> ���V�O��•S7t • ®96pdo`A <br /> *N`` A BORROWER: Inverness Water and Sanitation <br /> '• • District, a Colorado Title 32 Special District <br /> o ta * 000 <br /> (SEAL) ® °):° a <br /> * �: By C;8O <br /> c'^^ `.am Signature <br /> Attest: °o°vj yep,5. <br /> ° )11- * e®`''s NAME: ,444 daze /a/Yen <br /> TITLE: Pr2 'e, ' <br /> / IC, • <br /> DATE: (` 0( 1 l(/ <br /> Signature <br /> NAME: 6L4r(el 1)41/15 <br /> TITLE: hhSaQ/'efae <br /> l <br /> DATE: of t ( 14 <br /> � v <br /> Appendix 2 to Loan Contract C150409A <br /> Page 2 of 2 <br />