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' , � <br />\ 1 11 LOF C ULORAI)O <br />���ir���K�i cc��nif;kci a�, ccn�f: — sE.c� krrt� :u;Kf:F:��e��i <br />uen��N: <br />��� City of Grand Junction <br />,�R.. <br />w.�,.: <br />w. .u..i i n, .wt <br />x � 250 N 5th Street Grand Junction CO 81501-2668 <br />.� .�.M � ., .�.. <br />Secured Partv: <br />��: SEate of Colorado for the use and benefit of the Colorado Water , <br />Consezvation Board <br />� 1313 Shernian Street, Roan 721 De.*�ver, � 80203 - I <br />.� w� � ��, � , <br />Deb�or. for considerauon. hcreby er,mts to Secured P.my a secunn imttes� m the (ollrnvmg �pem arni amm and all addmons, xcexmons arid <br />'� subsuwnons iherew or therefw (heremafier callcd ihe "COLLATERAL°l: <br />�' All revenues derived from water rates as agreed to be set by <br />�; the City Council in ordinance NO. 24 8 in order to repay <br />' indebtedness on the North F i�n Pipeline. <br />I I �' � <br />���� <br />� <br />i .�� <br />I i To secure paymrni of the mdebtedness ev�denced by cer�dp ��� f even date hercwuh, payable w[he Secured Party. <br />� � <br />or ordcr. ds (ollows. <br />�I <br />DEBTOR EXPRESSLY WARR.INTS AND COVENANTS: <br />I. 'Ihat except for the secunry mterest �ran�ed hereby Debtor is, or to the extent thac this aiceement s�ares tha� the <br />Colla�eral �s to be acquued aher che dace hereof, will be. the owner of the Colla�eral free fmm any adverse lien, secunry mterest or <br />encumbnuices; and [hat Debtor w�ll defend the Colla[eral agamst all claims and demands o( all persons a� ;uiyume daurung the <br />same or ;uiy mterest the�em. <br />'_'. 'Ilie Collateral u used or bough[ pnmanly for: <br />❑ Personal, family or household pu�poses. <br />❑ Use in famung operauons; <br />� Use ui busmess. <br />3. '[hat Deb[or's residence �s as stared above, and the Collateral wili be kept at the of f iCes of the <br />City of Grand Junction, 250 N 5th Street, Grand Junction, �0 l <br />"° '�'"`" °" `w"" 5 � 5 01 2 6 6 8' <br />4. If any of the Collareral is crops. oiL gas. or mmerals to be exaac[ed or t�mber to be cut, or goods h�ch are or are to �; <br />become fixtures, sa�d Colla[eral concerns the following descnbed real es[a[e snua[e m the N � A Counry I <br />of xnd S�a�e of Colorado, to wrt: , <br />� <br />Vo. UCC 1205. Rev. 3-87. SECURITY AGREEh1EVT _ <br />Bradl�irdPuFli�h�np I�41WazeeS� DemerCOXO'_0'_—�1U71'9?'_s(NI—I-X9 Ciro•nRAt1YX'! <br />