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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 /> BORROWER: Inverness Water and Sanitation <br /> : District, a Colorado Title 32 Special District <br /> * o o m <br /> (SEAL) _w; SEALcc•Z: <br /> d••o ��� c�. By l/� �-� <br /> `�.'( ,�.1,/t� {_' c,:��a Signature <br /> Attest: /v� •...• J° /� <br /> d ono * iC y ° NAME: "2uda,C/' Rjez"reel <br /> e <br /> ��•�l/1110/11° <br /> TITLE: Pi'15?den <br /> DATE: (o ( 1 ( 11 <br /> By G9\912-11,Cb31--12--)-(1) <br /> Signature <br /> NAME: ducrf,C, Dozy/.s <br /> TITLE: 6at ref Cc v y <br /> DATE: tO l I IL\ <br /> Appendix 2 to Loan Contract C150409D <br /> Page 2 of 2 <br />