Laserfiche WebLink
<br />5. The modification or waiver of any of Owner's obiigations or Lender's rights under this <br />Assignment must be contained in a writing signed by Lender. A waiver on one occasion shall <br />not constitute a waiver on any other occasion. <br /> <br />7. This Assignment shall be binding upon Owner and its su <br />receIvers. <br /> <br /> <br />in addition to any <br />law. <br /> <br />6. The rights and remedies of the Lender stated in this Assignment <br />other rights the Lender may have under the Loan ContractlPrornisso <br /> <br />ustees, and <br /> <br />8. This Assignment shall be construed in accordance with the laws of the St <br /> <br />9. The Owner and Lender specifically request Pioneer Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this _1. L day of <br /> <br />~! <br />~ .". /)'(j}tC....> 1996. <br /> <br />TOVVN OF LYONS <br /> <br />By ./~j ~r2- <br /> <br />Glenn K!epel, Mayor <br /> <br />ATTEST: <br /> <br />By <br /> <br /> <br />11. 7~__ <br /> <br />. Fr ernan, Town Clerk <br /> <br />ACKNOV'JLEDGMENT BY PIONEER BANK OF LYONS <br /> <br />Pioneer Bank of Lyons ("Bank") has received a copy of the foregoing Assignment, and agrees <br />that, upon notice from the Colorado Water Conservation Board ("eWeB") tila! the Town of <br />Lyons is in default under its Loan Contract/Promissory Note with the ewes and tria! the CVVCB <br />is exercising its r1ght under the Assignment to withdraw funds contained in the Certificate of <br />Deposit, the Bank shall pay such funds directly to the CVVCBuntil advised otherwise. <br /> <br />Pioneer Bank of Lyons <br /> <br />By ( <br />Jan .t M. Haas, Branch Man,ager <br /> <br /> <br />Date _~___._~,~~._ <br />