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by a Security Agreement and Deed of Trust ("Security Instruments") of even date and amount <br /> and cover certain water rights and/or accounts of the BORROWER. The LOAN CONTRACT and <br /> Security Instruments grant additional rights to the CWCB, including the right to accelerate the <br /> maturity of this Note in certain events. <br /> 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 <br /> and an opportunity to cure within sixty (60) days of receipt of such notice before the <br /> 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 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 /> 10. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> BORROWER: Riverside Ditch and Allen <br /> Extension Company <br /> (SEAL) <br /> By /47 cd <br /> f Signature <br /> Attest:By I <br /> F -7 <br /> y(,;i// Name , • �/L <br /> Signature Title 941 <br /> SI/6i-1-- <br /> Name <br /> 6i-fName W4T11/'/ 47 Date e/-2 3/2 )i d <br /> Titled ///ll, 'Ll/LCL. <br /> Date 6/3./7 <br /> Appendix A <br /> Page 2 of 2 <br />