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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 any <br /> 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 to honor and accept this <br /> Assignment and its terms. <br /> Executed this .4k, day of 1998. <br /> The Greeley and Loveland Irrigation Company, <br /> a Colorado nonprofit corporation <br /> (S E A L ) <br /> David Bernhardt, President <br /> Attest: • <br /> By i' 4� q • <br /> Rona F. Brinkman, Corporate Secretary <br /> w 4 j <br /> ACKNOWLEDGMENT BY BANK <br /> By its officer's signature below, the Community First National Bank of Greeley ("Bank") acknowledges <br /> that it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone <br /> else (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, at the Debtor's request, the <br /> Bank shall allow the transfer of the annual payments for the Loans in the amount of $2,778.31 and <br /> $18,268.60 to Secured Party. The Bank acknowledges that the Account is a special deposit and that the <br /> funds deposited therein are to be used solely for Debtor's repayment to the Secured Party of the Loans, <br /> and waives any right of setoff it may have in and to the Account. <br /> Community First National Bank of Greeley <br /> v President <br /> Printed Name & Title a'NA4c-1 K- Maui ibtos Ste.VP <br /> Date <br /> Attest: <br /> By I. �.� <br /> Corporate Secretary <br /> ,uw CLj <br />