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<br />�J
<br />SECURITY AGREEMENT
<br />DA�: �� �� r tit �,� , 2007
<br />DEBtOR: CARLYLE AND DAWN C�URRIER
<br />�ECURED PARTY: COLORADO WATER CONSERVATION BOARD
<br />PROMISSORY NO�: $1,212,000, DA�D j- ��� � b , 2007
<br />M�+►KER: BULL CREEK RESERVOIR CANAL & POWER COMPANY
<br />T�RMS OF REPAYMENT: 2.50% PER ANNUM FOR 3O YEAR�
<br />LOAN CONTRACT: C150240, DATED �/ �'�ti� (� , 2007
<br />Coilateral: 11 shares of common stock in the Bull Creek Reservoir
<br />Canal � Power Company, evidenced by certificate number
<br />188, the sh2res representing Grantor's pro rata interest in
<br />the following water rights:
<br />Bull Creek Reservoir No. 1, ID No. 3890
<br />Location: NVV 1/4, SW'/., Section 28, Range 95 W, Township 11 S
<br />153.67 Acre feet, Appropriated 06/18/1895, Adjudicated 08/16/1920, Civil Action No. 368'1,
<br />Sequence No. 257
<br />Bull Creek reservoir No. 2, ID No. 3891
<br />Location: NVN :�, SW'/., Section 28, Range 95 W, Township 11 S
<br />1Z0.20 Acre feet, Appropriated 06/18/1895, Adjudicated 08/16/1920, Civil Action No. 3681
<br />Sequence No. 522
<br />Bull Creek Reservoir No. 3, ID No. 3892
<br />Location: NW 1/4, SW'/., Section 2q, Range 95 W, Township 11 �
<br />57.94 Acre feet, Appropriated 06/18/1895, Adjudicated 08/16/1920, Civil Action No. 3681
<br />Sequence No. 523
<br />Bull Creek R�servoir No. 4, tD No. 3893
<br />Locatio�: SW %., SW'/. Section 20, Range 95 W, Township 11 S
<br />156.26 Acre feet, Appropriated 11/18/1901, Adjudicated 08/18/1920, Civil Action No. 3681
<br />Sequence No. 524
<br />156.43 Acre feet, Appropriated 10/01/1930, Adjudicated 07/21/1959, Civil Action No. 8303
<br />Seque�ce No. 1102
<br />115.31 Acre feet, Appropriated 08/22/2006
<br />Bull Creek Reservoir No. 5, ID No. 3894
<br />Location: SE 1/4, NE %., Section 20, Range 95 W, Township 11 S
<br />92.30 Acre feet, Appropriated 11/18/1901, Adjudicated 08/16/1920, Civil Action No. 3681
<br />Sequence No. 525
<br />124.42 Acre feet, Appropriated 08/15/1938, Adjudicated 07/21/1959, Civit Action No. 8303
<br />Sequence No. 1116
<br />43.21 Acxe feet, Appropriated 04/01/1951
<br />appendix 8 to Loan Contract C150240
<br />Page 1 qf 3
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