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<br />QUIT CLAIM DEED AND RELEASE <br />(5 shares of the capital stock of the Farmers Reservoir and Irrigation Company represented by <br />stock certificate number 7671) <br /> <br />WHEREAS, the Colorado Water Conservation Board ("CWCB") and Columbine Ranches <br />Property Owners Association ("CRPOA") entered into a contract dated June 6, 2000, Contract <br />Encumbrance Number C 1500 lOA, which contract was subsequently amended on February 1,2003, <br />pursuant to which contract CWCB loaned money ($399,000.00) to CRPOA, and CRPOA agreed to <br />repay the loan; <br /> <br />WHEREAS, in connection with said loan, CWCB is the holder of a lien ("Lien") on stock <br />certificate number 7671 of the Farmers Reservoir and Irrigation Company, representing five (5) <br />shares of capital stock, along with the water rights and ditch rights associated with said stock <br />(collectively, the "Property"), owned by CRPOA; <br /> <br />WHEREAS, the indebtedness secured by the Lien has been fully paid and the purposes of <br />the Lien have been fully satisfied; <br /> <br />NOW, THEREFORE, in consideration of the premises, the CWCR does hereby remise, <br />release and quit claim unto the present owner or owners of the Property, and unto the heirs, <br />successors and assigns of such owner or owners forever, all the right, title and interest which CWCB <br />has under and by virtue of the aforesaid Lien on said Property, to have and to hold the same, with <br />all the privileges and appurtenances thereunto belonging forever; and further CWCB does hereby <br />fully and absolutely release, cancel and forever discharge said Lien. <br /> <br />~WITNESS ~OF, CWCB has executed this quit claim deed and release on this <br />/ Z -:1 day of C?c-:;:t;~;i", 2005. <br /> <br />. <~~uR <br /> <br />By: MiKe Serlet <br />Title: Chief of the Water Supply Planning and Finance Section of the CWCB <br />For Rod Kuharich, Executive Director <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />State of Colorado <br /> <br />___ TPej foregoing Quit Claim qeed l!Pd Release was acknowledged before me this / L day of <br />,--3 'i' ;]_ \' -. I Ii <br />Ue#beV ,2005, by. -11~ ~~t(J Y ,. ,,7 ~ <br />Witness my hand and official seal. // // .I" ,/ ~:7 / <br />L ,--:i 1. /~'/''-:"~ -":;4g-~ <br /> <br /> <br />My commission expires: IC:bV (/[ 20(.(g <br /> <br />My Commission Expires 11104/2J06 <br />