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S <br /> 7. The rights and remedies of the Secured Party stated in this Assignment are in addition <br /> to any other rights the Secured Party may have under the Loan Contract or any law. <br /> 8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, <br /> and receivers. <br /> 9. This Assignment shall be construed in accordance with the laws of the State of <br /> Colorado. <br /> 10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br /> Assignment and its terms. <br /> Executed this -S rh day of September 2000. <br /> Riverside Reservoir and Land Company, a <br /> Co onprofit corporation <br /> SEAL By �(,tJ` � <br /> Paul McDill, President <br /> Attest: <br /> By A1,i1. ' <br /> Don nider, Corporate Secretary <br /> ACKNOWLEDGMENT BY BANK <br /> By its officer's signature below, the Farmers State Bank of Fort Morgan ("Bank") acknowledges that it <br /> has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone else <br /> (except Secured Party) has any right to withdraw any funds from the above-described Account listed <br /> above until the Secured Party releases this agreement in writing, except that, at the Debtor's request, <br /> the Bank shall allow transfers of funds from the Account to Secured Party. The Bank further agrees <br /> that, upon notice from Secured Party that the Debtor is in default under its Loan Contract with Secured <br /> Party and that Secured Party is exercising its right under the Assignment to withdraw funds contained <br /> in the Account, the Bank shall pay such funds directly to Secured Party until advised otherwise by both <br /> Secured Party and the Debtor. The Bank acknowledges that the Account is a special deposit and that <br /> the funds deposited therein are to be used solely for Debtor's repayment to the Secured Party of the <br /> Loan, and waives 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 /> 970/86 -5 6 1 <br /> By < < President <br /> Printed . 'e&Title -r err, /S , opies �i/cS(de <br /> Date /D r c) <br /> Attest: , <br /> By d0/0/11 a/4mA,- <br /> Corporate Secretary <br /> F 1„,,L <br />