C150392 Substantial Completion Letter

• Contract/PO #: C150392
• Contractor Name: Sylvan Dale Ranch, LLLP
• Contract Type: Loan
• Loan Projects - Doc Type: Project Completion Letter

8. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the
Security Instruments securing this PROMISSORY NOTE occurs, the CWCB may declare the
entire outstanding principal balance of the PROMISSORY NOTE, all accrued interest, and any
outstanding late charges immediately due and payable, and the indebtedness shall bear
interest at the rate of 7% per annum from the date of default. The CWCB shall give the
BORROWER written notice of any alleged default and an opportunity to cure within thirty (30)
days of receipt of such notice before the BORROWER shall be considered in default for
purposes of this PROMISSORY NOTE.
9. The BORROWER and any co-signer or guarantor hereby agree that if this PROMISSORY NOTE or
interest thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs
of collection, including reasonable attorney fees. In the event of any bankruptcy or similar
proceedings, costs of collection shall include all costs and attorney fees incurred in connection
with such proceedings, including the fees of counsel for attendance at meetings of creditors'
committees or other committees.
10. This PROMISSORY NOTE shall be governed in all respects by the laws of the State of Colorado.
BORROWER: Sylvan Dale Ranch, LLLP
a Limit iabillty Limited P rtnership
By
Sig re
Attest:
NAME:
TITLE:
�- DATE: f `
Signature
',
NAME: QCLC 1A �
TITLE: �VOAI S�L ►SOQ.
DATE:
Appendix 2 to Loan Contract C150392
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