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8. This Note is issued pursuant to the Loan Contract between the CWCB and the <br /> Borrower, and Borrower's Ordinances No. 2003-18 and 2003-70 (the "General <br /> Ordinance") and 2007-30 (the "2007 CWCB Series Ordinance") (collectively, the <br /> "Ordinances"). Reference is hereby made to the Loan Contract and the Ordinances <br /> for a description of the provisions, terms and conditions upon which this Note is issued <br /> and secured, including, without limitation, the nature and extent of the security for this <br /> Note, provisions with respect to the custody and application of proceeds hereof, the <br /> collection and description of the revenues and moneys charged with and pledged to <br /> the payment hereof, and also the rights and remedies of the CWCB. <br /> This Note is also issued pursuant to the Supplemental Public Securities Act, Part 2 of <br /> Article 57, Title 11, C.R.S., and this recital shall be conclusive evidence of the validity <br /> and the regularity of issuance of this Note after its delivery for value. The Loan <br /> Contract and Ordinances grant additional rights to the CWCB. <br /> 9. The CWCB shall give the BORROWER written notice of any alleged default and an <br /> opportunity to cure within thirty (30) days of receipt of such notice before the <br /> BORROWER shall be 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 the event of any <br /> bankruptcy or similar proceedings, costs of collection shall include 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 Colorado. <br /> BORROWER: City of Aurora, acting by and <br /> through its Utility Enterprise <br /> ( SEAL) <br /> By -4ea <br /> Edwar J. Tauer, Mayor <br /> Attest: <br /> By 1 .ei2�, EAR) <br /> Debra John n, City Clerk <br /> ULL <br /> Appendix A to Loan Contract C150243 <br />