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• • <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 <br /> and its terms. <br /> Executed this 5 -ti day of September 2000. <br /> Riverside Reservoir and Land Company, a <br /> Co s nonprofit corporation <br /> SEAL By 05Ma, <br /> Paul McDill, President <br /> Attest: <br /> By 490\ ,43 <br /> Don Snider, Secretary <br /> ACKNOWLEDGMENT BY BANK <br /> By its officer's signature below, the Farmers State Bank of Fort Morgan ("Bank") acknowledges that it has <br /> received a 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 CWCB and <br /> that the CWCB is exercising its right under the Assignment to withdraw funds contained in the Certificate <br /> of Deposit, the Bank shall pay such funds directly to the CWCB until advised otherwise by the CWCB and <br /> the Owner. The Bank acknowledges that the Certificate of Deposit Account is a special deposit and that <br /> the funds deposited therein are to be used solely to secure Owner's Loan from the CWCB, and waives <br /> any right of setoff it may have in and to the Account. <br /> Farmers State Bank of Fort Morgan <br /> 123 E. Kiowa Avenue <br /> Fort Morgan CO 80701-2102 <br /> 970/867-5661 <br /> By h ` • ,President <br /> Printed Name : itle A i r r .7; e <br /> Date Ole)7/0J <br /> Attest: 6(4444,a- <br /> By I/1/ <br />