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events. <br /> 8. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the <br /> Security Instruments securing this PROMISSORY NOTE occurs, the CWCB may declare the <br /> entire outstanding principal balance of the PROMISSORY NOTE, all accrued interest, and any <br /> outstanding late charges immediately due and payable, and the indebtedness shall bear <br /> interest at the rate of 7% per annum from the date of default. The CWCB shall give the <br /> BORROWER written notice of any alleged default and an opportunity to cure within thirty (30) <br /> days of receipt of such notice before the BORROWER shall be considered in default for <br /> 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 /> BORROWER: Supply Irrigating Company, a <br /> Colorado nonprofit corporation <br /> (SEAL) _ <br /> By .e d // <br /> Sig"--ture y <br /> Attest: <br /> NAME AA,c 1-( ALL L, 3 es-to-3 el-LC clL <br /> TITLE: E:S r J e.-Arr <br /> B y DATE: I 9/ 1 <br /> Signature <br /> NAME: ,e"2._ Q ( -A el T <br /> TITLE: ?tZ ) 1(,---c.1-7" <br /> DATE: ti i g ) 1 S <br /> Appendix 2 <br /> Page 2 of 2 <br />