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5. The <br />Assignm <br />shall not <br />6. The <br />other ria <br />7. This, <br />receivers. <br />llification or waiver of any of Owner's obligations or Lender's rights under this <br />must be contained in a writing signed by Lender. A waiver on one occasion <br />stitute a waiver on any other occasion. <br />its and remedies of the Lender stated in this Assignment are in addition to any <br />the Lender may have under the Loan Contract /Promissory Note or any law. <br />ignment shall be binding upon Owner and its successors, assigns, trustees, and <br />8. This fssignment shall be construed in accordance with the laws of the State of <br />Colorado. <br />9. The <br />ATTEST: <br />By <br />wrier and Lender specifically request the Bank to honor and accept this <br />t and its terms. <br />this day of December 1996. <br />Noland Alexander, Secretary <br />Mancos V; <br />that, upon <br />Water Cor <br />Enterprise <br />the CWCB <br />Certificate <br />otherwise. <br />MANCOS WATER CONSERVANCY DISTRICT <br />WATER ACTIVITY ENTERPRISE <br />-A By <br />K. olbert, President <br />; V <br />V%4 <br />ACKNOWLEDGEMENT BY MANCOS VALLEY BANK <br />ley Bank( "Bank ") has received a copy of the foregoing Assignment, and agrees <br />iotice from the Colorado Water Conservation Board ( "CWCB ") that the Mancos <br />;ervancy District or the Mancos Water Conservancy District Water Activity <br />> in default under its Loan Contract /Promissory Note with the CWCB and that <br />s exercising its right under the Assignment to withdraw funds contained in the <br />A Deposit, the Bank shall pay such funds directly to the CWCB until advised <br />Mancos Valley Bank <br />By � _, Z 7, President <br />Date: I /. -�L— // <br />