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(1001 <br /> 04/26/00 10:56 '2303 866 4474 CWCB <br /> L <br /> • <br /> 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 shall 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 r--, lay of /9 - 997.Zo ops <br /> The Agricultural Ditch and Reservoir Company, a <br /> Colorado nonprofit corporatroh <br /> (SEAL.) By U� •X <br /> / 7'7 <br /> Walter S. Welton,President <br /> ATTES <br /> Gary D. Secretary <br /> ACKNOWLEDGMENT BY TriE BANK , <br /> • <br /> By its off s sigtr3turethe}rte Y Di r tan(1 n ')acknowledges that it <br /> has received a copy of foregoing Assignment and agrees that neither the Debtor nor anyone else <br /> (except Secured Pam any right to withdraw any funds from the above-described Account kited <br /> above until the Sec ure:e�releases this agreement in writing,except that,at the Debtor's request,the <br /> Bank shall allow Mel the annual Loan payment in the amount of$20,07&.08 to Secured Party. <br /> The Bank acknowledges i'iat the Account is a special deposit and that the funds deposited therein are to <br /> be used solely for Debtor" repayment to the Secured Party of the Loan, and waives any right of setoff it <br /> may have in and to the Account. <br /> Bank <br /> , ' di/4 ' 1 1 <br /> By I A4414440k <br /> a- <br /> Date .ltti.K a . LS, 4 D. <br /> ATTEST: <br /> ' I <br /> -;,X4.Z.. .t.__ . <br /> BY / <br /> 1 44r <br /> , 1. s a' . <br /> • <br /> , , <br /> -I , <br /> r i• , . <br /> f r; <br /> i <br />