PROJ01960 ‎(2)‎

• Contract/PO #: C150249
• Contractor Name: Black Dike Pipeline Company
• Contract Type: Loan
• Water District: 0
• County: Montezuma
• Loan Projects - Doc Type: Feasibility Study

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03/28/2007 21: 28 FAX [phone]

U~L1A

on this Funding Agreement for its '
repayment of the Loan and that thpnmary source of money for
available to collect from Funding r: cobmpany may use a~llegal means
em ers any amounts in arrears.

13. This Agreement may b . d'
be notarized. e slgne In counterparts and all signatures shall

14'l~~If.arties agree that the Company shall be the owner of the
ri9hts'~~~::~~~v~:~nts, The Parties al~o a~know'edge that Members'
Ditch that are pledged ~~:~s:~ point of diversion and easements for the
the corporation. may be pledged ~hethCoCmpany pursuant to the Bylaws of
y e ompany to secure the Loan.

15, J~: ioa~i7~r:~f~~~hMate' mifbthe Ctompany is forced to default on the Loan
F ' ers 0 pay atlsessments purs a t t h.
undlng Agreement and the Bylaws the C uno t IS
of water b I ' .' ompany may cease delivery
secure th:Lc osm9 the head gatE;l and that this right may be pledged to
oan,

16 This Agreeme t' b' d'
., n IS In Ing upon heirs successors and '
parties. ,assigns of the

IN WITNESS WHEREOF the rf '
executed as of the day a~d ye~:f lets nbave ca~sed this Agreement to be
Irs a ove wnllen,

The Funding Members

for the Company

Richard Barker
Bernard Bell
Russell Bodnar

Eric Lindgren, President

Delia Brinton

7/~<'~~A

Rodney Carriker
Judy Lane

Vincent Lee

Eric Lindgren
Dan Petersen

William Southworth

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. 83/28/2887 83: 44

9785553548

RODNEY

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

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

14 The parties agree that the Company shall be the owner of the rs'
'Addition&llmprovements. The Parties also acknowledge that Membe
rights to use the head gate, the point of diversion and easements for the f
Ditch that are pledged for use by the Company pursuant to the Bylaws 0
the corporation, may be pledged by the Company to secure the Loan.

15, The partieS agree that, If the company is forced La default on the. Loan
due to failure of the Members to pay assessments pursuant to thl~
Funding Agreement and the Bylaws, the Co~pany may cease delivery
of water by Closing the head gate and that thiS nght may be pledged to
&9CUre the Loan,

16, This Agreement is binding upon heirs, successors and assigns of the
parties,

IN WITNESS WHERt;Qf, 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

Uella Brinton

IJAd...

,

Rodney Carriker

Judy Lane

Vincent Lee

Eric Lindgren

Dan Petersen

William Southworth