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<br />6. The rights and remedies of the Lender stated in this Assignment are in addition to any <br />other 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 <br />Assignment and its terms. <br /> <br />Ei<f;::c~.ted thi3~-:::S . day of ~")O""'A\...--.e-,-^- 2000. <br /> <br />.- '- <br /> <br />;" .- <br /> <br />Peoples Ditch Company, a Colorado <br />nonprofit corporation <br /> <br />By ~ ~0{Y~ <br /> <br />Tom Desoto, President <br /> <br />.,' <br /> <br />. '. {.;~' <br /> <br />, .' . J;S'.I;'i\'t ,'..,.;::' <br /> <br />;:~Il~secreta~ . <br /> <br />ACKNOWLEDGMENT BY BANK <br /> <br />By its officer's signature below, the Wells Fargo Bank ("Bank") acknowledges that it has received a <br />copy of the foregoing Assignment, and agrees that, upon notice from the Colorado Water <br />ConserVation Board ("eWCS") that the Owner is in default under its Loan Contract with the <br />CWeB and that the CWCS is exercising its right under the Assignment to wi!hdraw funds <br />contained ih the Certificate of Deposit, the Bank shall pay such funds directly to the CWCS . <br />until advised otherwise by the CWCS and the Owner. The Bank acknowledges that the <br />Certificate of Deposit Account is a special deposit and that the funds deposited therein are to <br />be used solely to secure Owner's Loan from the CWCS, and waives any right of setoff it may <br />have in and to the Account. <br /> <br />,"-- ,"'. <br /> <br />Wells Fargo Bank - Sterling, Colorado <br /> <br />By ~/6' K...~ . President <br />Printed Name & Tilia ~,ll, &u'h ~.' ~l..U'+, \ t:}~.s.. <br />Date L\ . "2;0 .00 <br /> <br />\./~...~ :' . "~. ," <br /> <br />.tl~~l~~/b-~~ <br /> <br /> <br />.,"' . ," <br /> <br /> <br />:_"'::'".~y..,.;. , <br />