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I • <br /> 6. The rights and remedies of the Lender stated in this Assignment are in addition to any <br /> other rights the Lender may have under the Loan Contract or any law. <br /> 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 <br /> Assignment and its terms. <br /> r•� r.,.; thi- �\ � a �. 2n <br /> �. E.vutcG �,����- ' day of `�7 ...,,,,.\�� 2000. <br /> Peoples Ditch Company, a Colorado <br /> ` nonprofit corporation <br /> By (2)_j <br /> Tom Desoto, President <br /> Attest `y <br /> By _ . <br /> Darrin Manuello• Corporate Secretary <br /> ACKNOWLEDGMENT BY BANK <br /> Ry its officer's signature helnw, the Walls Fargo Rank ("Rank") acknowledge that it has received a <br /> copy of the foregoing Assignment, and agrees that, upon notice from the Colorado Water <br /> Conservation Board ("CWCB") that the Owner is in default under its Loan Contract with the <br /> CWCB and that the CWCB is exercising its right under the Assignment to withdraw funds <br /> contained in the Certificate of Deposit, the Bank shall pay such funds directly to the CWCB <br /> until advised otherwise by the CWCB and the Owner. The Bank acknowledges that the <br /> Certificate of Deposit Account is a special deposit and that the funds deposited therein are to <br /> be used solely to secure Owner's Loan from the CWCB, and waives any right of setoff it may -- <br /> have in and to the Account. - <br /> Wells Fargo Bank— Sterling, Colorado <br /> By �_ G�'1�� ,President <br /> Printed Name&Title W►l t i arr 71 <br /> i e.' Date L1--3-AD •oO <br /> h <br /> ttes <br /> e By, 4 biu vontf�C{�/� <br /> I <br /> • <br />