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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 /> ���11a�ttlUi1,j, <br /> ,S:,‘ PN�••SA,,/,,,,,, BORROWER: Cottonwood Water and <br /> �`��C�;:•�Q•RAl�C'•,q��`. Sanitation District acting by and through its <br /> `_; 0 Cottonwood Water Enterprise <br /> (S E A L) -Cs• � • <br /> 4.,.• <br /> -4 <br /> i' "L.•• Signature <br /> Attest: °`� �' W4 9�Lri s <br /> , ll @iP;tiittlF <br /> NAME: S S a <br /> TITLE: ,yes%o{.eft 1' <br /> DATE: <br /> Signature <br /> NAME: Ada*t PCre Z <br /> TITLE: S-e e <br /> O <br /> DATE: ` <br /> Appendix 2 to Loan Contract C150408D <br /> Page 2 of 2 <br />