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• • <br /> 8. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the <br /> Security Agreement 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 <br /> immediately due and payable, and the indebtedness shall bear interest at the rate of 7% per <br /> annum from the date of default. The CWCB shall give the BORROWER written notice of any <br /> alleged default and an opportunity to cure within thirty (30) days of receipt of such notice <br /> before the BORROWER 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 <br /> thereon is not paid when due or if suit is brought, then it shall pay all reasonable costs of <br /> collection, including reasonable attorney fees. In the event of any bankruptcy or similar <br /> proceedings, costs of collection shall include all costs and attorney fees incurred in connection <br /> with such proceedings, including the fees of counsel for attendance at meetings of creditors' <br /> committees or other committees. <br /> 10. This Note in all respects by the laws of the State of Colorado. <br /> .' �s��It BORROWER: East Dillon Water District, a <br /> Q Colorado special district <br /> w; <br /> ( sE ' SEAL = 1 <br /> 1, . :•'�Q'. By 4L <br /> 1�hTCOUNTY,� . ruc Farrell, President <br /> Attest: `*tom <br /> By Al aRQ - S <br /> Janice Geiss, Secretary <br /> , <br />