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<br />~ <br /> <br />7. The rights and remedies of the Secured Party stated in this Assignment are in addition <br />to any other rights the Secured Party may have under the Loan Contract or any law. <br /> <br />8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, <br />and receivers. <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of <br />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 day of 1997. <br /> <br />Colorado Water Protective & Development <br />Association, a Colorado nonprofit corporation <br /> <br />By <br /> <br />Wesley Eck, President <br /> <br />SEAL <br /> <br />Attest: <br /> <br />By <br />Jo~e Kelly, Corporate Secretary <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the ("Bank") acknowledges that <br />it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone <br />else (except Secured Party) has any right to withdraw any funds from the above-described <br />Account listed above until the Secured Party releases this agreement in writing, except that, at the <br />Debtor's request, the Bank shall allow the transfer of the annual Loan payment in the amount of <br />$7,397.46 to Secured Party. The Bank acknowledges that the Account is a special deposit and <br />that the funds deposited therein are to be used solely for Debtor's repayment to the Secured Party <br />of the Loan, and waives any right of setoff it may have in and to the Account. <br /> <br />Bank <br /> <br />By <br />Printed Name & Title <br /> <br />Date <br /> <br />Attest: <br /> <br />By <br />