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7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, and <br />receivers. <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />9. The Owner and Lender specifically request the Bank to honor and accept this Assignment and <br />its terms. <br />Executed this day of 2000. <br />G,o�NSTQyyti <br />r <br />iaha Seele, Town Clerk <br />Town stown Water Activity Enterprise <br />s <br />By 5L de,&)L <br />May r <br />Town of <br />Mayor <br />ow V <br />. 100 <br />acknowledges that it has received a copy <br />i the Colorado Water Conservation Board <br />( "CWCB ") that the Owner is in default under its Loan Contract with the CWCB and that the CWCB is <br />exercising its right under the Assignment to withdraw funds contained in the Certificate of Deposit, the <br />Bank shall pay such funds directly to the CWCB until advised otherwise by the CWCB and the Owner. The <br />Bank acknowledges that the Certificate of Deposit Account is a special deposit and that the funds <br />deposited therein are to be used solely to secure Owner's Loan from the CWCB, and waives any right of <br />setoff it may have in and to the Account. <br />Union Colony Bank <br />100 Johnstown Center Drive <br />Johnstown, CO 80534 <br />970 - 587 -4661 �j <br />By President <br />Printed Name Title/ -e/, <br />Date <br />est: <br />By <br />