PROJC01858 ‎(2)‎

• Contract/PO #: C153594
• Contractor Name: Handy Ditch Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: HB 91-1006
• Loan Projects - Doc Type: Contract Documents

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STATE OF COLORADO

UNIFO~"I CO!\L\-IERCIAL CODE - SECURITY AGREEMENT

Debtor:
~ame: The Handv Ditch Company

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511ft!

Cily

962091598 C $16iOO

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Businas: P.O. Box 1079
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Berthoud
Cily

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State of Colorado for the use and benefit of the
Colorado Water Conservation Board

Secured Party:

AddftSS:

1313 Sherman Street, Room 721
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Denver,
Cily

CO S0203
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Debtor. for consideration. hereby grants ro Secured Party a security interesdn the following property and any and all additions. accessions and
substilUtions thereto or therefor (hereinafter ca1\ed the "COLLATERAL"):

All revenues derived from assessments on stock to repay
indebtedness on the Handy (Welch) Dam West (No.1) as approved
by the Board of Directors, pursuant to CRS, Section 7-42-104
as amended.

To secure payment of the indebtedness evidenced by
or order. as follows:

certain 'fImmi~ t1Qte _ of even date herewith, payable to the Secured Party.

DEBTOR EXPRESSLY WARRA~TS AND COVENANTS:

I. That except for the securiry interest granted hereby Debtor is. or to the extent that this agreement states that the
Collateral is to be acquired after the date hereof. will be. the owner of the Collateral free from any adverse lien. security interest or
encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the
same or any interest therein.

2, The Collateral is used or bought primarily for:
o Personal. family or household purposes:
o Use in farming operations;
o Use in business.

3. That Debtor's residence is as stared above. and the Collateral will be kept ar

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4, If any of the Collateral is crops. oil. gas. or minerals to be extracted or timber to be cut. or goods which are or are to
become fixtures. said Collateral concerns the following described real estate situate in the County
of and State of Colorado. to wit:

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EXHIBIT G

No. UCC 12\15. R.,... 3-117. SHTRITY.-\GKU::ME'H

BJS

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