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INSTRUMENT grant additional rights to the CWCB. <br /> 8. The CWCB shall give the BORROWER written notice of any alleged default and an opportunity to <br /> cure within thirty (30) days of receipt of such notice before the BORROWER shall be considered in <br /> 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 of <br /> collection, including reasonable attorney fees. In the event of any bankruptcy or similar proceedings, <br /> costs of collection shall include all costs and attorney fees incurred in connection with such <br /> proceedings, including the fees of counsel for attendance at meetings of creditors' committees or <br /> 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 issued pursuant to and under the authority of §11-57-210, C.R.S. and §31-35-413, <br /> C.R.S., and pursuant to such statutes, the foregoing recital shall be conclusive evidence of the <br /> validity and the regularity of the issuance of this Note after its delivery for value, shall conclusively <br /> impart full compliance with all of the provisions of Title 31, Article 35, Part 4, C.R.S., and this Note <br /> containing such recital shall be incontestable for any cause whatsoever after its delivery for value. <br /> 12. This Note, including the interest hereon, does not constitute a debt or indebtedness of the authority <br /> within the meaning of any constitutional or statutory provision or limitation, and shall not be <br /> considered or held to be a general obligation of the BORROWER. This Note shall not constitute a <br /> debt or an indebtedness of the contracting governmental entities which organized the authority or <br /> of any cooperating parties, within the meaning of any constitutional or statutory provision or <br /> limitation. <br /> BORROWER: Boxelder Basin Regional Stormwater <br /> Authority, a drainage authority, pursuant to C.R.S. §29-1- <br /> 204.2 <br /> (SEAL) Bye,4,\- C, <br /> Signatu <br /> Attest: / <br /> NAME: Ktty 1\ C.i ,l`� 1 Scov,ek �,� <br /> TITLE: Pers ac <br /> DATE: Cm1("7ll4. <br /> By ^j <br /> f ggnature <br /> NAME: Zet. e Z/0 re"72 a"1 <br /> TITLE: ) ec r- <br /> DATE: C11-04 <br /> Appendix 2 to Loan Contract C150353 <br /> Page 1 oft <br />