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monies first to costs associated with collection, including reasonable attorney's fees, <br /> next to outstanding interest, and then to the principal sum of the Loan. <br /> 5. The rights and remedies of the Assignee stated in this Assignment are in addition <br /> to any other rights the Assignee may have under the Loan Contract or any law. <br /> 6. This Assignment shall be construed in accordance with the (laws of the State of <br /> Colorado. <br /> 7. The Assignor and Assignee specifically request Pioneer to h.i or,and`aecept this <br /> Assignment and its terms. <br /> Executed this`77 'day of , 1996. <br /> THE TREMONT MUTUAL DITCH COMPANY <br /> : AL <br /> By VIM.Oh ,L <br /> Etson Lake, Presid-nt <br /> . ' IN ATTEST: <br /> Robert B. Chap;", ecretary <br /> ACKNOWLEDGEMENT BY PIONEER WATER AND IRRIG • TION, INC. <br /> Pioneer Water and Irrigation, Inc. ("Pioneer") has received a c.py of the foregoing <br /> Assignment, and agrees that, upon notice from the Tremont Muual Ditch Company <br /> ("Company") and from the Colorado Water Conservation Board ("CWCB") that the <br /> Company is in default under its Loan Contract with the CWCB a d that the CWCB is <br /> exercising its right under the Assignment to collect handling fes due from Pioneer <br /> pursuant to the 1987 Agreement between Pioneer, the Compa and Snyder-Smith <br /> Ditch Company, Pioneer shall pay such monies directly to the WCB until advised <br /> otherwise. <br /> Pioneer Water and Irrigat on, Inc. <br /> By• �.�� �� Presid int <br /> Date: - <br />