Laserfiche WebLink
INSTRUMENTS grant additional rights to the CWCB, including the right to accelerate the maturity <br /> of this PROMISSORY NOTE in certain events. <br /> 7. 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 an <br /> opportunity to cure within sixty (6o) days of receipt of such notice before the BORROWER shall <br /> be considered in default for purposes of this PROMISSORY NOTE. <br /> 8. The BORROWER hereby agrees that if this Note or interest thereon is not paid when due or if suit is <br /> brought,then it shall pay all reasonable costs of collection,including reasonable attorney fees. In <br /> the event of any bankruptcy or similar proceedings, costs of collection shall include all costs and <br /> attorney fees incurred in connection with such proceedings, including the fees of counsel for <br /> attendance at meetings of creditors'committees or other committees. <br /> 9. This PROMISSORY NOTE is authorized pursuant to and in accordance with the Constitution of <br /> the State of Colorado and all other laws of the State thereunto enabling. Specifically,but not by <br /> way of limitation, the LOAN CONTRACT and this PROMISSORY NOTE are authorized pursuant to <br /> and under the authority of Title 31,Article 35; Title 37, Article 45.1;and Title 11,Article 57, Part <br /> 2, C.R.S.,and in full conformity therewith. Pursuant to Section 11-57-210, C.R.S.,and Section 3'- <br /> 35-413, C.R.S., this recital shall be conclusive evidence of the validity and the regularity of the <br /> issuance of this PROMISSORY NOTE and the PROMISSORY NOTE shall be incontestable for any <br /> cause whatsoever after its delivery for value. <br /> BORROWER: Consolidated Ditch and Headgate <br /> Company <br /> (SEAL) 11 <br /> BY: 4 . <br /> Signature <br /> Attest: <br /> NAME: ,c >0 1 cka tce <br /> TITLE: prC S: ck C K I <br /> 4L. <br /> L. DATE: 7 <br /> BY: moi: <br /> / Signature, <br /> NAME: .� ./(\14 S w lUl)r( <br /> TITLE: 1/1 C CSI <br /> j <br /> DATE: � <br /> Appendix 3 <br /> Page 2 of 2 <br />