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• <br /> 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 honor and accept this <br /> Assignment and its terms. <br /> Executed this/71g day of , 1996. <br /> THE TREMONT MUTUAL DITCH OMPANY <br /> By rg°1-6P-v( <br /> Etson Lake, President <br /> ATTEST: <br /> By ie,1/0 <br /> Robert B. Cha•• , 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 Mu ual 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 Company and Snyder-Smith <br /> Ditch Company, Pioneer shall pay such monies directly to the WCB until advised <br /> otherwise. <br /> Pioneer Water and Irrigati•n, Inc. <br /> By. President <br /> Date: �/ <br />