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i~'''~ ,~ " `~ <br />~ ~ <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 Assignment and <br />its terms. <br />Executed this _~ day of APR i l 2000. <br />SEAL <br />~, ~ <br />Attest: ~ ~ <br />By <br />Pearl Knight, S retary <br />ACKNOWLEDGMENT BY BANK <br />By its officers signature below, the NORWEST BANK COLOIZAnO. N.A_ ("Bank") acknowledges that <br />it has received a copy of the foregoing Assignment, and agrees that, upon notice from the <br />Colorado Water Conservation Board ("CWCB") that the Owner is in default under its Loan <br />Contract with the CWCB and that the CWCB is exercising its right under the Assignment to <br />withdraw funds contained in the Certificate of Deposit, the Bank shall pay such funds directly to <br />the CWCB until advised otherwise by the CWCB and the Owner. The Bank acknowledges that <br />the Ce~tificate of Deposit Account is a special deposit and that the funds deposited therein are to <br />be used solely to secure Owne~s Loan from the CWCB, and waives any right of setoff it may <br />have in and to the Account. <br />Bank: NORWEST BANK COLORADO, N.A. <br />,~ <br />B ~1 ~' ~~ ~{~'/~JS ~ ~ , ~ t~, <br />,' <br />~ ; , ~ ., ~ , ~~ ,~~ , ~f, <br />~-; <br />Printed Name 8 Title -~>'%7~ ~' ~ ~~ ~~~~~~ -- ~ <br />Date~~-~`~'~~ <br />Attest: <br />By -~ <br />. ': - "~ ' l ,;; _. -~ ~/ <br />. ` _. ~ . <br />Silt Water Conservancy District Water Activity <br />Enterprise <br />g ~~ r ~ ~ <br />Y <br />Norman H. Hunt, President <br />