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<br />receivers. <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />Executed this J..fdJ, day of October 1997. <br /> <br />Arkansas Groundwater Users Association, a <br />Colorado non-profit corporation <br /> <br />.. <br /> <br />SEAL <br /> <br />~r;l&-= <br />.lJv . ~ R. Evans, President <br /> <br /> <br />PlJL! <br /> <br />ATTEST: #L <br />By ~ LJ,JAh <br />Corporate Secretary <br /> <br />ACKNOWLEDGMENT By THE BANK <br /> <br />By its officer's signature, the Colorado East Bank and Trust, La Junta, Colorado ("Bank") <br />acknowledges that it has received a copy of the foregoing Assignment and agrees that neither <br />the Debtor nor anyone else (except Secured Party) has any right to withdraw any funds from <br />the above-described Account listed above until the Secured Party releases this agreement in <br />writing, except that, at the Debtor's request, the Bank shall allow the transfer the annual Loan <br />payment in the amount of $3,082.27 to Secured Party.. The Bank acknowledges that the <br />Account is a special deposit and that the funds deposited therein are to be used solely for <br />Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it may <br />have in and to the Account. <br /> <br />A TTE~: //1 . <br />-&L/) "- <br />By ~,~ <br /> <br />/k CiLL. <br /> <br />Colorado East Bank and Trust <br />By J vnMv I)Jl-r,u:" <br />pri~ Nameffitle t r (} d . <br /> <br />J"lV rJ#I'<fij) - <; 7 <br />J;t(;~~ <br /> <br />