C153521 Contract

• Contract/PO #: C153521
• Contractor Name: Grand Valley Water Users' Association
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Bill Number: SB 000
• Loan Projects - Doc Type: Contract Documents

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1733 PAGE 760
1510578 09:18 AM 03/13/89
E.SAWYER. CLK&REC MESA COUNTY CO

"

STATE OF COLORADO

Debtor:

UNIFORM COMMERCIAL CODE - SECURITY AGREEMENT
121888 09:01 AM
E.SAWYER.CLK&REC MESA C

UCC $

""me:

Grand Valley Water Users Association

....=
.........

No.

.....

0<,

....

..-, 500 South 10th. Grand Junction. CO 81501
No. Sa"" OIy

....

Secured Party:
Nuw. State of Colorado. Denartment of Natural Resources
Colorado Water Conservation Board
....= 721 State Centennial Building, 1313 Sherman, Denver, CO 80203
No. Strwt CIty Sl.alC

Debtor, fOf consideration. hereby grants to Secured Party a security interest in the following proP$.';tr a.ll.U01 and t.lJ..adA.wo~acs.e,uioR~lUW
substitutions therelo or therefor (hereinafter called the "COI.l.ATERAL "): tltC1U:.1 ARY ut' b I A I t. lit \;Ul.U

All annual assessments made by the

Debtor against the 11-01 88
shareholders of Debt8a208631"5

13:32
$0.00

a Loan Repurchase Contract dated August 4, 1988.
To secure payment of the indebtedness evidenced by I ~If)DBIICJCCat_IVIIMr>Y,~. payable to the Secured Party,

0<0"", as follows: $100,000.00 plus interest at 5% per annum to be paid as follows:

$18,155.00 on each June 30 and December 31 hereafter until paid in full.

Payments apply first to interest and balance upon principal

DEBTOR EXPRESSLY WARRANTS AND COVENANTS:

1. That except for the security interest granted hereby Debtor is, or to the extent that this agreement states that the
Collateral is to be acquired after the date hereof. will be, the owner afthe Collateral free from any adverse lien. securil)' interest or
encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming !he
same or any interest therein.

2. The Collateral is used or bought primarily for:
o Personal, family or household purposes:
o Use in fanning operations;
lXJ Use in business.

3. That Debtor's residence is as stated above. and the Collateral will be kept z: in the financial
institutions within Mesa County, Colorado.

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4. If any of the Collateral is crops. oil, gas. or minerals to be extracted or timber to be cut. or goods which are or are to
become fixtures. said Collateral concerns the following described real estate situate in the County
of and Stare of Colorado, to wit:

No. Dee 1205. Re\". 3.87. SECl!RlT\' AGREEMEST

Bradford PlIlllishillg. St::!S W 6tb Ave., Lakewood. CO 80214- t303~1,3.3.6l1OO

H)..87~
CDp~ri~hl 19117

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3-/3-'g<
/13/89
NTYI CO
FILED
4.00