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� II <br /> f <br /> one occasion shall not constitute a waiver on any other occasion. <br /> 7. The rights and remedies of the Secured Party stated in this Assignment are in addition to <br /> 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, and <br /> receivers. <br /> 9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> 10. The Debtor and Secured Party specifically request the Bank toi honor and accept this <br /> Assignment and its terms. <br /> - ,Executed.this `> day of ©robes` 2000. <br /> ,��� <br /> ............ Plumb and Dailey DitchiComPany, a <br /> Colorado no profit corporation <br /> i-- - � �t By d <br /> • Les Williams, President <br /> By " .;�.�..1�� <br /> Margaret/Hill; Corporate Secretary <br /> ACKNOWLEDGMENT BY BANK 1 <br /> By its officer's signature below, the FIRST NATIONAL BANK OF (`Balk") ladknowledges that it <br /> has received a copy of the foregoing Assignment and agrf either 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, ai the Debtor's request, <br /> the Bank shall allow transfers of funds from the Account to Secured Party. The Bank fu/her agrees <br /> that, upon notice from Secured Party that the Debtor is in default under its Loan Contract with <br /> Secured Party and that Secured Party is exercising its right under the Assignrrent to withdraw funds <br /> contained in the Account, the Bank shall pay such funds directly to Secured 'Party i ntil advised <br /> otherwise by both Secured Party and the Debtor. The Bank acknowledges that ..he Account is a <br /> special deposit and that the funds deposited therein are to be used solely for Debtor's repayment to <br /> the Secured Party of the Loan, and waives any right of setoff it may have in and to the Account. <br /> Bank: 111. FIRST ATIONAT. SANK OF LonTmmnNT <br /> 4. <br /> LG /ig rmvv.vinBy� � rn" = VPresidenae1ti.5 r <br /> Printed Name&Title L,.) t tl oty-- t!A d e-.10TL�tr <br /> Date /a - '-I - DO <br /> Attest: <br /> Corporate Secretary v7,* <br /> F � Y`• a� a�j. � �, w <br /> I , <br /> I � <br />