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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 sixty (6o) 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: Upper Arkansas Water <br /> Conservancy District,acting by and through <br /> ;�`' , y '; its Water Activity Enterprise <br /> rSEAL);' <br /> . !, ` By l- _ L_ <br /> Signature <br /> Attest: --„ J (� <br /> Name 71Cr.�l` h% /1 �J /i, : � /r�li l <br /> By <br /> Signature <br /> Name /_e <br /> Sig Y/ r" Tide L( /13 t'lM/ <br /> Title '---S-)7C'n�- TAR Y Date ///9-1/7 <br /> Date /W4,2/7 7 <br /> Appendix A <br /> Page 2 of 2 <br />