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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 />7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, and <br />receivers. <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />9. The Owner and Lender specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />- , . . . . _ .. ... . ~ ;; ; `~ r.'1C.-,,,,,~~' ~ _ v v v . <br />",:..,~;::..: :,~,~~?3- duy <br />Peoples Ditch Company, a Colorado <br />~ ~ nonprofit corporation <br />,S E~A L <br />~ B <br />~ ~ ~ ~'u.~fi""'"`~' ~ , y Tom Desoto, President <br />Attest: = ` <br />BY ~ <br />Darrin Manuello, Corporate Secre <br />ACKNO ~T Y <br />B its officer's si nature below, the Wells F~[r o Bank ("Bank") acknowledges that it has received a <br />Y 9 <br />copy of the foregoing Assignment, and agrees that, upon notice from the Colorado Water <br />Conservation Board ("CWCB") that the Owner is in default under its Loan Contract with the <br />CWCB and that the CWCB is exercising its right under the Assignment to withdraw funds <br />contained in the Certificate of Deposit, the Bank shall pay such funds directly to the CWCB <br />until advised otherwise by the CWCB and the Owner. The Bank acknowledges that the <br />Certificate of Deposit Account is a sp~cial deposit and that the funds deposited therein are to <br />be used solely to secure Owner's Loan from the CWCB, and waives any right of setoff it may <br />have in and to the Account. <br />Wells Fargo Bank - Sterling, Colorado <br />By G~~~/i"L'--~5 L!'!~~ ,President <br />' ~ rin~~d iJarna 3~ i ~iie h~~ L ~~ c~rr+ ~'~~/'FZ ~~~ S <br />Date ~1-'~j • 00 <br />Attest:. <br />By - <br />/o =~ ~-o~ <br />