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BORROWER. The LOAN CONTRACT and SECURITY INSTRUMENTS grant additional rights to the <br /> CWCB, inducting the right to accelerate the maturity of this PROMISSORY NOTE in certain <br /> 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 Note occurs, the CWCB may declare the entire <br /> outstanding principal balance of the Note,all accrued interest, and any outstanding late charges <br /> immediately due and payable, and the indebtedness shall bear interest at the rate of 7% per <br /> annum from the date of default. The CWCB shall give the BORROWER written notice of any <br /> alleged default and an opportunity to cure within thirty (30) days of receipt of such notice <br /> before the BORROWER shall be considered in default for purposes of this PROMISSORY NOTE. <br /> 9. The BORROWER and any co-signer or guarantor hereby agree that if this Note or interest <br /> thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br /> collection, including reasonable attorney fees. In the event of any bankruptcy or similar <br /> proceedings, costs of collection shall indude 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 Note Viall by governed in aft respects by the laws of the State of Colorado. <br /> re CAA (i <br /> 1%) •�'""`"`""� :,, BORROWER:The Brighton Ditch Company, <br /> •Y., a nonprofit corporation <br /> (0 ErA kz ik fir.; <br /> \, Signature <br /> Attest: , ~•...........- <br /> /i f NAME: 'RC)Q€±Y. <br /> TITLE: Presid.e-r‘k— <br /> / / DATE: \ � IIp � �U1 <br /> • I <br /> ignatu - <br /> NAME: /[J4 ) <br /> Q �L <br /> TITLE: S-e-t-A-CV-4......-tr—) <br /> DATE: / L <br /> Appendix 3 <br /> Page 2 of 2 <br />