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� � <br />' , ', ; <br />� <br />That security interest shall be deemed to include any future <br />assessment revenues obtained for repayment of the contract loan. <br />The Company shall insure that the State has priority interest in <br />such revenues. <br />6. The Company is authorized to establish a separate fund account <br />in the Company name and in the name of "the State of Colorado, <br />for the use and benefit of the Colorado Water Conservation <br />Construction Fund" at a state or national bank or savings and <br />loan association insured by the federal government, and to <br />deposit in such account all revenues resulting from the assess- <br />ment(s) made to repay the contract loan to the State, and to pay <br />such monies to the Sta a d by the contract. The <br />Company shall assure tha ese rev are not used for any <br />other purpose. <br />�� <br />7. The Company is autho�i�ed to issue a Deed of Trust as security <br />for the loan from the State within thirty (30) days of completion <br />of the Project which shall convey to the Public Trustee of <br />Montezuma County for the benefit of the State the following, as <br />such are incorporated in the project: <br />a. 23,000+ cubic yards of embankment material. <br />b. 140+ linear feet of 18-inch class V R.C. pipe with all ap- <br />purtenances. <br />c. An 18-inch gate, air vent pipe, and all appurtenances. <br />d. 5+ cubic yards of concrete in association with item c. <br />above. <br />e, 6+ cubic yards of concrete for five cutoff collars. <br />f. Five gauge rods . <br />3 <br />