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interest and then to reduce the principal amaunt. <br />7. 1'his Nake is issued pursuanc to the Lo,vv CorrrR/�cz' between the CWCB and the <br />$oRRotn�K. The Lotw CoN`I'RACt' creates s�curity interests in favor of the CWCB to <br />secure the prompt payment aF all amflunts that may becom;e due hereunder. Said <br />security interests are evidenced by a� Security Agreement {"Security Instruments") r�� <br />even date and amount and cover certain revenues, real property, water rights and/or <br />accounts of the BdwtowER. The LoAN Cot�'[�utT and Security Instruments grant <br />additional rights ta the CWCB, including the right fia accelerate the maturity of this <br />Aiote in �ertain events. <br />8. If any annual payment is not paid when due or any default undec the Lon�v Cot�'I�tnCr or <br />the Security Instruments securing this Note accurs, the CWCB may declare the ent�re <br />outstanding principal balance af the Note, all accrued interest, and any outstanding iate <br />�harges immediately due and payable, and Che indebtedness shall bear interest at the <br />rate of ry�'� per annum from the date of default. The CWCB shall give the BottROw�R <br />written nQtire oFany alleged default and an opportunity ta cure within thirty (30} days <br />af receipt of su�ch notice before the $ORROWER 5ha11 be considered in default for <br />purposes of this Promissory Note, <br />g. The BoRRowER and any co-signer or guarantnr hereby agree that iF this Note ar interest <br />thereon is not paid w�en due Qr if suit is brought, then it shall pay all reasonable costs of <br />cbllection, including reasonable at�orney fees. In thQ event of any banknjptcy ar simiiar <br />praceedings, costs of callection shall include ali costs and attarney fees incurred in <br />connection with such praceedings, including the fees ��` ce�unset f�r attendance at <br />meetings oFcre�iitors' committees or other cornmittees. <br />io. This IVote shall be governed sn al] respects by the laws oF the State of Colorado. <br />(SEAL) <br />Attest: <br />By <br />5i na re <br />Name.��c � � �.�.�.�_ <br />�ti� E P T'_¢XG _I 1reA.SL�-Y'EY' <br />��_ �_,-- <br />Date. Qd � D a,,,,�;,a o I 7_ <br />�thr4ugh i <br />: San Lw,��-a1�ey Water <br />.y D�is r��'ct, acting by and <br />Signature <br />Name ,..�. ��,�.....G�re.e��n <br />Title �,�e.s•�de,.;r�- <br />Date, o a�a a. � a a I 1 <br />Appendix A <br />Page2of2 <br />