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<br />CWCB Construction Fund Loan Application <br /> <br />applying towards the purchase of the water shares that came' from the recent sale of a rental <br />property. <br /> <br />5. What collateral will you be offering for this loan? Possibilities include the project itself, pledge <br />of revenues, real estate, water rights. The water rights. <br /> <br />The above statements are true, to the best of my knowledge: <br />Signature of Ap licant <br /> <br /> <br />I- <br /> <br />Kevin S. Averch <br />President <br /> <br />Date <br /> <br />3/30/04 <br /> <br />C:\Projects\Market\CFLA902 <br /> <br />" <br /> <br />r""C'T ^ N'\"'\ <br />