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outstanding late charges immediately due and payable, and the indebtedness shall <br /> bear interest at the rate of 7% per annum from the date of default. The CWCB shall <br /> give the BORROWER written notice of any alleged default and an opportunity to cure <br /> within thirty (30) days of receipt of such notice before the BORROWER shall be <br /> considered in default for purposes of this Promissory Note. <br /> 10. The BORROWER, any guarantor, and any other person who is now or may hereafter <br /> become primarily or secondarily liable for the payment of this Note or any portion <br /> thereof hereby agree that if this Note or interest thereon is not paid when due or if suit <br /> is brought, then it shall pay all reasonable costs of collection, including reasonable <br /> attorney fees. In the event of any bankruptcy or similar proceedings, costs of <br /> 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' <br /> committees or other committees. <br /> 11. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> BORROWER: Town of Monument, <br /> Colorado, acting by and through the <br /> Town of Monument, Colorado, Water <br /> Enterprise <br /> ( SEAL ) <br /> L. Konarski, President <br /> Attest: <br /> By ,i <br /> Anne Holliday, Secretary / <br /> 13 <br /> FUJI4 <br />