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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 Note occurs, the CWCB may declare the entire outstanding <br /> principal balance of the Note,all accrued interest,and any outstanding late charges immediately <br /> due and payable,and the indebtedness shall bear interest at the rate of 7%per annum from the <br /> date of default.The CWCB shall give the BORROWER written notice of any alleged default and <br /> an opportunity to cure within thirty (3o) days of receipt of such notice before the BORROWER <br /> shall be considered in default for purposes of this Promissory Note. <br /> g. The BORROWER and any co-signer or guarantor hereby agree that if this Note or interest thereon <br /> is not paid when due or if suit is brought, then it shall pay all reasonable costs of collection, <br /> including reasonable attorney fees. In the event of any bankruptcy or similar proceedings, costs <br /> 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 /> io. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> BORROWER:City of Grand Junction,acting by <br /> and through the wat activity <br /> a p ® ente e <br /> B , <br /> y <br /> Signature <br /> Name <br /> Signature Title �` i1"'ut �" r(�C.�r)� _ <br /> Name 5f�p k G m,e l u( ►) Date ' � <br /> Title 1+-U Cl e rl(- <br /> Date�4 l -7 <br /> Appendix A <br /> Page 2 of 2 <br />