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<br />~. , <br /> <br />/-~-, <br /> <br />indebtedness shall bear interest at the rate of 10% per annum Trom the date of default. The <br />STATE shall give the BORROWER written notice of any alleged default and an opportunity to <br />cure within thirty (30) days of receipt of such notice before the BORROWER shall be <br />considered in default for purposes of this agreement. <br /> <br />7. The BORROWER, any guarantor, and any successor of the BORROWER who rnay hereafter <br />become primarily or secondarily liable for the payment of this Note or any portion thereof <br />hereby agree that if this Note or interest thereon is not paid when due or suit is brought, then it <br />shall pay all reasonable costs of collection, including reasonable attorney fees. In the event of <br />any bankruptcy or similar proceedings, costs of collection shall include all costs and attorney <br />fees incurred in connection with such proceedings, including the fees of counsel for <br />attendance at meetings of creditors' committees or other committees. <br /> <br />8. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> <br />BORROWER: The Horse Creek Water Users <br />Associaf n, a Colorado nonprofit corporation <br /> <br />k <br /> <br />By <br /> <br /> <br />(SEAL) <br /> <br />:;:~~~ - <br /> <br />Norman Suml!1ei-s, Secretary-Treasurer <br /> <br />'" <br /> <br />, ), <br />..' <br /> <br />c' <br />