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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 receivers. <br /> 9. This Assignment shal be construed in accordance with the laws of the State of Colorado. <br /> 10. The Debtor and Secured Party specifically request the Bank to honor and accept this Assignment and <br /> its terms. <br /> Executed this 24 d ,of -�.�NR, <br /> A- -( ICO g7- <br /> The Agricultural Ditch and Reservoir Company, a <br /> Colorado nonprofit corpor.:tion <br /> ( SEAL) <br /> 1 : By /AVOW _% //02e/91 <br /> Walter S. Welt n, President <br /> ATTES <br /> By / <br /> f4T .J) <br /> a D. T`,eander,l Ass Secretary <br /> Pr L <br /> AC NOWLEDGMENT =Y THE 'ANK <br /> By its officer's signature:bela.v, they I - P �, 1 .J"Bank") acknowledges that it <br /> has received a copy of the iforegoing Assignment and agrees that 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 1 Part!j releases this agreement in writing, except that, at the Debtor's request, the <br /> Bank shall allow the transferIthe annual Loan payment in the amount of$20,075.08 to Secured Party. <br /> The Bank acknowledges that the Account is a special deposit and that the funds deposited therein are to <br /> be used solely for Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it <br /> may have in and to the Ac o nt. • <br /> Bank <br /> By � �1-19 <br /> _ <br /> Printei 3Name/Titlej h/fl¢c/I1, � ��t <br /> Date 2/Z c <br /> ATTEST: <br /> B 070_ <br /> III <br />