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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 (30) days of receipt of such notice before the BORROWER <br /> 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 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 /> to. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> BORROWER:Uncompahgre Valley Water <br /> Users Association <br /> (S E A L) <br /> By .2 <br /> --1J Signature <br /> Attest: <br /> Raymond Schmalz <br /> By _ Name_ <br /> Signature/ Tide President <br /> Name_Stephen_yridy Date April 213, 2017 <br /> Tide_ Secretar_y_ <br /> Date April 2.5,. Z017 <br /> • <br /> Appendix A <br /> Page z of 2 <br />