C150200 Feasibility Study

• Contract/PO #: C150200
• Contractor Name: Sheek Ditch Company
• Contract Type: Loan
• Water District: 34
• County: Montezuma
• Loan Projects - Doc Type: Feasibility Study

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on this Funding Agreement for its primary source of money for
repayment of the Loan and that the Company may use all legal means
available to collect from Funding Members any amounts in arrears.

13. This Agreement may be signed in counterparts and all signatures shall .
be notarized.

1.1Jhe parties agree that the Company shall be the owner of the
Additions/Improvements. The Parties also acknowledge that Members'
rights to use the head gate, the point of diversion and easements for the
Ditch that are pledged for use by the Company pursuant to the Bylaws of
the corporation, may be pledged by the Company as collateral to secure
the Loan.

.:15. This Agreement is binding upon heirs, successors and assigns of the
parties.

IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the day and year first above written.

The Funding Members

for the Company

I,
this agreement and agree to its terms.

, state under oath that I have read

Applicant

Subscribed and affirmed, or sworn to before me in the County of Montezuma, State of Colorado, this
__ day of , and 20 _' My commission expires:

Fonnatted: Bullets and Num

Fonnatted: Bullets and Num