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maturity of this Note in certain events. <br /> 9. If any annual payment is not paid when due or any default under the OAN CONTRACT <br /> or the Security Instruments securing this Note occurs, the CWCB riay declare the <br /> entire outstanding principal balance of the Note, all accrued interest, and any <br /> outstanding late charges immediately due and payable, and the indebtedness shall <br /> bear interest at the rate of 7% per annum from the date of default. The CWCB shall <br /> give the BORROWER written notice of any alleged default and an op ortunity to cure <br /> within thirty (30) days of receipt of such notice before the BOR OWER shall be <br /> considered in default for purposes of this Promissory Note. <br /> 10. The BORROWER and any co-signer or guarantor hereby agree that if this Note or <br /> interest thereon is not paid when due or if suit is brought, then it shall pay all <br /> reasonable costs of collection, including reasonable attorney fees. In he event of any <br /> bankruptcy or similar proceedings, costs of collection shall includ all costs and <br /> attorney fees incurred in connection with such proceedings, including the fees of <br /> counsel for attendance at meetings of creditors' committees or other committees. <br /> 11. This Note shall be governed in all respects by the laws of the State of olorado. <br /> BORROWER: Stagest p Owners <br /> KATHERINE A. RAZUM Association <br /> NOTARY PUBLIC <br /> ( S E! WiE OF COLORADO <br /> Z <br /> My C9mmiesiQn Expires 99/17/2 013 By .. ■�-e ✓ <br /> Stanl-*/ A. Fre ricks, President <br /> Attest: <br /> By /dam— / / <br /> Lynda F. Clay, Seciv <br /> IL <br /> Appendix A to Loan Contract C150310 Amendment No. 1 <br /> Page 2 of 2 <br />