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<br />6. The rights and remedies of the Lender stated in this Assignment are in addition to any other <br />rights the Lender may have under the Loan Contract or any law. <br /> <br />7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, and <br />receivers. <br /> <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />9. The Owner and Lender specifically request the Bank to honor and accept this Assignment <br />and its terms. <br /> <br />--- <br />Executed this L day of j ~ <br /> <br />River Oaks On The Roaring Fork Property <br />Owners Association, Inc. <br /> <br />1997. <br /> <br /> <br />By <br /> <br />By, <br /> <br />ACKNOWLEDGMENT BY BANK <br /> <br />The Alpine Bank in Basalt, Colorado ("Bank") has received a copy of the foregoing <br />Assignment, and agrees that, upon notice from the Colorado Water Conservation Board <br />("CWCB") that River Oaks On The Roaring Fork Property Owners Association, Inc. is in default <br />under its Loan Contract with the CWCB and that the CWCB is exercising its right under the <br />Assignment to withdraw funds contained in the Certificate of Deposit, the Bank shall pay such <br />funds directly to the CWCB until advised otherwise. <br /> <br />Alpine Bank - Basalt, Colorado <br /> <br />By ClN~/t~ <br />Pri~ Na. '.. \{ ~/a,t{ K <br />Title (' j[J IZ <br />Date "/' --1 - q -, <br />