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<br />t <br /> <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this Assignment <br />and its terms. J <br /> <br />Executed this;zL day of May 1997. <br /> <br />ATTEST: <br /> <br />By <br /> <br /> <br />The Lower Arkansas Water Management <br />Association <br /> <br />By <br /> <br /> <br />ACKNOWLEDGMENT BY VALLEY STATE BANK <br /> <br />Valley State Bank ("Bank") has received a copy of the foregoing Assignment and agrees that neither <br />the Debtor nor anyone else (except Secured Party) has any right to withdraw any funds from the <br />above-described Account listed above until the Secured Party releases this agreement in writing, <br />except that, at the Debtor's request, the Bank shall electronically transfer the annual Loan payment <br />in the amount of $67,200.00 for the first ten payments (Years 1997-20061 and the remainin!J 30 <br />payments of $118,397.08 (Years 2007-20361 to Secured Party. The Bank acknowledges that the <br />Account is a special deposit and that the funds deposited. therein are to be used solely for Debtor's <br />repayment to the Secured Party of the Loan, and waives any right of setoff it may have in and to the <br />Account. <br /> <br />ATTEST: <br /> <br />By 'r,,~lyl -~f <br /> <br />/ 'I <br />.' <br /> <br />, <br /> <br />Valley State Bank <br /> <br />:1' <br /> <br />I <br />;(/ IL (L " <br /> <br />/' <br />c......l. <br /> <br />By <br /> <br />,:7'). C_,.J>...k- L <br /> <br />Printed Name Lenora 1. Hall <br />Title Asst. Cashier <br />Date 5/23/97 <br />