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- - - - - - - - MRR-2B-2007 01:33P FROM:BOBBIE CARLL REALTY 9705337308 TO: 5641513 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. 14, The parties agree that the Company shall be the owner of the Additlonsllmprovements, 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 to secure the Loan, 15, The parties agree that, if the Company is forced to default on the Loan due to failure of the Members to pay assessments pursuant to this Funding Agreement and the Bylaws, the Company may cease delivery of water by closing the head gate and that this right may be pledged to secure the Loan, 16. 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 Richard Barker Eric Lindgren, President Bernard Bell Russell Bodnar Delia Brinton Rodney Carriker Judy Lane 9~ X~- Vincent Lee Eric Lindgren Dan Petersen William Southworth - P,c - - - - - - - - - - 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, 14. The parties agree that the Company shall be the owner of the Additionsllmpruvements, 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 to secure the Loan, 15. The parties agree that, if the Company is forced to default on the Loan due to failure of the Members to pay assessments pursuant to this Funding Agreement and the Bylaws, the Company may cease delivery of water by closing the head gate and that this right mey be pledged to secure the Loan 16, This Agreement is binding upon heirs, successors and assigns of the parties. IN WITNESS WHEREOF, the parties have ceused this Agreement to be executed as of the day and year first abo,va written, The Funding Members for the Company Richard Barker Eric Lindgren, President Bernard Bell Russell Bodnar Delia Brinton Rodney carriker~ J,'" l.... ---:Q _/ Vincent Lee ~ ~ Ene Lindgren Dan Pete~en William Southworth