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IF THIS FORM IS USED IN A CONSUMER CREDIT TRANSACTION,CONSULT LEGAL COUNSEL.
<br /> THIS IS A LEGAL INSTRUMENT,IF NOT UNDERSTOOD,LEGAL,TAX,OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING.
<br /> PA 6 ` y-a r PROMISSORY NOTE
<br /> U.S.$104,000.00 WESTON,Colorado Dated: February 15,
<br /> 2012
<br /> 1. FOR VALUE RECEIVED, the undersigned ROBINSON SONS INC(Borrower) promise(s) to pay, or order,
<br /> BOB CHENOWETH AND BARBARA CHENOWETH the principal sum of One Hundred Four Thousand dollars
<br /> and Zero cents,U.S.Dollars,with interest on the unpaid principal balance from March 1,2012,until paid,at the rate
<br /> of 5.5 percent per annum. Principal and interest shall be payable at P.O.BOX 44, SPRINGFIELD,CO 81087 or
<br /> such other place as the Note Holder may designate,in 24 payments of$1,986.52(U.S.One Thousand Nine Hundred
<br /> Eighty Six dollars and Filly Two cents),due on the 1st day of each Month,beginning April 1,2012. Such payments
<br /> shall continue until the entire indebtedness evidenced by this Note is fully paid; provided, however, if not sooner
<br /> paid, the entire principal amount outstanding and accrued interest thereon, shall be due and payable on March 1,
<br /> 2014.
<br /> 2. Borrower shall pay to the Note Holder a late charge of 5 % of any payment not received by the Note Holder
<br /> within 7 days after the payment is due.
<br /> 3. Payments received for application to this Note shall be applied first to the payment of late charges,if any,second
<br /> to the payment of accrued interest at the rate specified below, if any,third,to accrued interest first specified above,
<br /> and the balance applied in reduction of the principal amount hereof.
<br /> 4. If any payment by this note is not paid when due, or if any default under any Deed of Trust securing this Note
<br /> occurs,the entire principal amount outstanding and accrued interest thereon shall at once become due and payable at
<br /> the option of the note Holder(Acceleration); and the indebtedness shall bear interest at the rate of 12 percent per
<br /> annum from the date of default. The Note Holder shall be entitled to collect all reasonable costs and expense of
<br /> collection and/or suit,including,but not limited to reasonable attorneys' fees.
<br /> 5. Borrower may prepay the principal amount outstanding under this Note, in whole or in part,at any time without
<br /> penalty except No Exceptions.
<br /> Any partial prepayment shall be applied against the principal amount outstanding and shall not postpone the due date
<br /> of any subsequent payments or change the amount of such payments.
<br /> 6. Borrower and all other makers, sureties, guarantors, and endorsers hereby waive presentment,notice of dishonor
<br /> and protest, and they hereby agree to any extensions of time of payment and partial payments before, at, or after
<br /> maturity. This Note shall be the joint and several obligations of Borrower and all other makers,sureties,guarantors
<br /> and endorsers,and their successors and assigns.
<br /> 7. Any notice to Borrower provided for in this Note shall be in writing and shall be given and be effective upon(1)
<br /> delivery to Borrower or(2)by mailing such notice by first-class U.S.mail,addressed to Borrower at the Borrower's
<br /> address stated below, or to such other address as Borrower may designate by notice to Note Holder. Any notice to
<br /> the Note Holder shall be in writing and shall he given and be effective upon (1) delivery to Note Holder or(2)by
<br /> mailing such notice by first-class U.S. mail, to the Note Holder at the address stated in the first paragraph of this
<br /> Note,or to such other address as Note Holder may designate by notice to Borrower.
<br /> 8. The indebtedness evidenced by this Note is secured by a Deed of Trust dated February 15, 2012, and until
<br /> released said Deed of Trust contains additional rights of the Note Holder. Such rights may cause Acceleration of the
<br /> indebtedness evidenced by this Note. Reference is made to said Deed of Trust for such additional terms. Such Deed
<br /> of Trust grants rights in the property identified as follows:TRACT# 1,WET CANYON RANCH
<br /> R!rT N ON
<br /> B
<br /> DANIEL P.ROBINSON 1 - �
<br /> Borrowers Address: 13600 COUNTY RD,WESTON,CO 81087
<br /> KEEP THIS NOTE IN A SAFE PLACE. THE ORIGINAL OF THIS NOTE MUST BE EXHIBITED TO
<br /> THE PUBLIC TRUSTEE IN ORDER TO RELEASE A DEED OF TRUST SECURING THIS NOTE.
<br /> Order Number:29265 The printed portions of this form,except
<br /> Note—NTD81-10-06 differentiated additions,have been approved by the
<br /> Colorado Real Estate Commission(NTD81-10-06)
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