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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 .!:f.~ day of October 1997. <br /> <br />Arkansas Groundwater Users Association, a <br />Colorado non-profit corporation <br /> <br />... <br /> <br />SEAL <br /> <br />~ r; r <---= <br />l ~ R. Evans, President <br /> <br />JV Ji'lJ,t,t <br /> <br />ATTEST: /J L <br />By I~ LuJAh <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 repaymElnt 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 TTES~: / <br />By V;t{jA/L;" <br /> <br />!krbL <br /> <br />Colorado East Bank and Trust <br />By j vntlk.... t/J2...u ~ <br />pri~d NamefTitle t 711 d <br />~~'f'- 97 <br />~'" h ro <br />~'tJ~~ <br /> <br /> <br />IzR#) (}?<-~ ) <br />