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<br />^ 'Ii <br /> <br />8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, and <br />receivers. <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this J:; day of ~ t{ e 2000. <br /> <br />DEBTOR: Columbine Ranches Property <br />Owner's Association <br /> <br /> <br />'.. <br />/t,,~~,,~ . '-_~-'_ <br />/ ,;..i{)SuE; ~\If. ) <br />g _.' f\"1 -~9~ :: ~',_: <br />\~E.~~ ~{~/ :: <br />n -,','~';'- ~' - . <br />.. :'q <br />"::'~~ w~ <br />';"..{..;,:,;,; t,,:,~,~, ,'. <br /> <br />By <br /> <br /> <br />ijI <br /> <br /> <br />Ben Pacheco, President <br /> <br />NT By BAN'R.JbFffOl-//sreASBl.li!b OFFICE <br />By its officer's signature below, the - ~ f5 ("Bank") acknowledges that <br />it has received a copy of the foregoing Assi men nd agree that neither the Debtor nor anyone <br />else (except Secured Party) has any right to withdraw a unds from the above-described <br />Account listed above until the Secured Party releases this a eement in writing, exCept that, at the <br />Debtor's request, the Bank shall allow transfers of funds the Acco Secured Party. The <br />Bank further agrees that, upon notice from Secured Party that the D tor I in default under its <br />Loan Contract with Secured Party and that Secured Party is .jcisin its right under the <br />Assignment to withdraw funds contained in the Account, the Bank shalr'pay such funds directly to <br />Secured Party until advised otherwise by both Secured Party and the Debtor. The Bank <br />acknowledges that the Account is a special deposit and that the funds deposited therein are to be <br />used solely for Debtor's repayment to the Secured Party of the Loan, and waives any right of <br />setoff it may have in and to the Account. <br /> <br />(SEAL) <br /> <br />Bank:!':; /' Jj ;VrrT/u..~ ,ft#N~~.uL,II~/&.~J;o.v O~~ <br /> <br />By ~4M z-. President <br />PrintedName&Title 'if It". L t: Y' J /1/ /J1cfe~#/~.RJ' I:'-/" <br />Date 6 -2-3- a-o <br /> <br /> <br />Attest: <br /> <br />Appendix E to Loan Contract C15001 0 <br />