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C153606 PIF Information
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C153606 PIF Information
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Last modified
3/12/2013 2:19:42 PM
Creation date
3/12/2013 1:51:55 PM
Metadata
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Loan Projects
Contract/PO #
C153606
Contractor Name
Terrace Irrigation Company, The
Contract Type
Loan
Water District
21
County
Conejos
Bill Number
HB 91-1006
Loan Projects - Doc Type
Contract Documents
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. - I <br />STATE OF COLORADO <br />UNEFOR,INI CO1NLINIERCIAL CODE — SECURITY AGREEMENT <br />Debtor: <br />Vanr. The Terrace Irrigation Company <br />1 <br />Address: $i Va UU <br />Residence. n n r Py� f e� ! •rr- <br />Ne. saw City SEE i Ll <br />�l 'R...,�r e ! <br />24050 County Road 10, La Jara, U .It��1 '�11 °40 <br />%0. stax-ft City <br />Secured Party: State of Colorado for te use and befit of the <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721, Denver, CO 80203 <br />Addy <br />No. street City slate <br />Debtor, for consideration, hereby grants to Secured Parry a security interest in the following property and any and all additions, accessions and <br />substitutions thereto or therefor (hereinafter called the "COLLATERAL "): <br />All revenues derived from assessments on stock to repay - indebtedness <br />on the-Terrace Main Canal and the Alamosa Creek Canal as approved by <br />the stockholders or the Board of Directors, pursuant to CRS, §7 -42 -104, <br />as amended. <br />To secure payment of the indebtedness evidenced by certain promissory note _ of even date herewith, payable to the Secured Parry, <br />or order, as follows: <br />DEBT /OR EXPRESSLY NNARRANTS AND COVENANTS: <br />I. That except for the security interest granted hereby Debtor is. or to the extent that this agreement states that the <br />Collateral is to be acquired after the date hereof, will be. the owner of the Collateral free from any adverse lien. security interest or <br />encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the <br />same or any interest therein. <br />2. The Collateral is used or bought primarily for <br />❑ Pbrsonal, family or household purposes: <br />® Use in farming operations; <br />❑ Use in business. <br />3. That Debtor's residence is as stated above, and the Collateral will be kept at <br />24050 County Road 10, La Jara, Cone•os, CO 81140 <br />%o NW sum Ciq C.ntnty Stmc <br />4. If any of the Collateral is crops, oil, gas, or minerals to be extracted or timber to be cut, or goods which are or are to <br />become fixtures, said Collateral concerns the following described real estate situate in the County <br />of and State of Colorado, to wit: <br />FXNTRTT R <br />No. UCC 1205. Rev. 3 -87. SHCC1ttTY .ACNFA'%1FNT <br />Bradf„rd Puhh.hing. 1711 Wi/ce Si . Vcnver. CO SII_'ll. — t 101t 21P_'2%00 -- I. %•t <br />Cupyrixht I997 <br />
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