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by a Security Agreement ("Security Instruments") of even date and amount and cover certain <br /> revenues, real property, water rights and/or accounts of the BORROWER. The LOAN CONTRACT <br /> and Security Instruments grant additional rights to the CWCB. <br /> 8. The CWCB shall give the BORROWER written notice of any alleged default and an opportunity <br /> to cure within thirty (3o) days of receipt of such notice before the BORROWER shall be <br /> 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 /> ro. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> ii. This Note is authorized pursuant to and in accordance with the Constitution of the State of <br /> Colorado and all other laws of the State of Colorado thereunto enabling. Specifically, but not <br /> by way of limitation, the Loan Contract is authorized by the Borrower pursuant to Title 32, <br /> Article r, C.R.S. and Title n, Article 57, Part 2, C.R.S. Pursuant to such statutes, the foregoing <br /> recital shall be conclusive evidence of the validity and the regularity of the issuance of this <br /> Note after its delivery for value, sally conclusively impart full compliance with all of the <br /> provisions of Title 32, Article r, C.R.S., and this Note containing such recital shall be <br /> incontestable for any cause whatsoever after its delivery for value. <br /> ,jy;,',:tr°tire <br /> •W:- S ,, BORROWER:Cottonwood Water and <br /> �•pP ii;,;r�:�'%� Sanitation District,acting by and through <br /> F • <br /> its water activity enterprise <br /> (SEAL) �c): Y <br /> -��li• !�(OP �� •:` - Signature <br /> Attest: .,��0 • . .• <br /> J/220/.2' <br /> rmiltov' Name " It �- l (L�ByF'( `/l��it.i rl <br /> Signature Title <br /> Name (-3\-of \/ 5��(' Date ipcl\ c Cl <br /> Title \1-t( -Res kue nc <br /> Date -pct\ l <br /> Appendix A <br /> Page 2 of 2 <br />