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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: Haldi Ditch Company, a Colorado <br /> nonprofit corporation <br /> (SEAL) � <br /> By ,fit .4 A( - <br /> Signature <br /> Attest: .. <br /> �" nn <br /> NAME: Y e'G� / S e n t <br /> TITLE: i7111--`,f if" <br /> DATE: 1 Oct '' <br /> By I L / 2i <br /> Signat e <br /> NAME: t4( / • 04( <br /> TITLE: SN.-zx e-hi/I-Li 0` <br /> DATE: of (Of 7 IL <br /> Appendix 2 to Loan Contract C150389 <br /> Page 2 of 2 <br />