C150098 Paid in Full Documents

• Contract/PO #: C150098
• Contractor Name: The Lake Henry Reservoir Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

BORROWER. The LOAN CONTRACT creates security interests in favor of the CWCB to
secure the prompt payment of all amounts that may become due hereunder. Said
security interests are evidenced by a Security Agreement and Deed of Trust ("Security
Instruments") of even date and amount and cover certain revenues, real property,
water rights and/or accounts of the BORROWER. The LOAN CONTRACT and Security
Instruments grant additional rights to the CWCB, including the right to accelerate the
maturity of this Note in certain events.
9. If any annual payment is not paid when due or any default under the LOAN CONTRACT
or the Security Instruments securing this Note occurs, the CWCB may declare the
entire outstanding principal balance of the 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.
10. The BORROWER and any co-signer or guarantor hereby agree that if this 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.
11, This Note shall be governed in all respects by the laws of the State of Colorado.
`i; °�•, ' . � BORROWER: The Lake Henry Reservoir
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>�ay Co.
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$" By
'nO. Robert IL Robler, President
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Attest:; .A.}
By OL,
Allen L. Ringle, Corporate Secretary
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APPENDIX A to LOAN CONTACT NO. C150098 AMENDMENT NO. 1
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