Laserfiche WebLink
<br />STAlE OF COWRADO <br /> <br />UNIFORM COMMERCIAL CODE - SECURITY AGREEMENT <br /> <br />Debtor: <br /> <br />-. <br /> <br />Grand Valley Water Users Association <br /> <br />......... <br />-- <br /> <br />No. <br /> <br />.... <br /> <br />CI<y <br /> <br />..... <br /> <br />"",-, 500 South 10th. Grand Junction. CO 81501 <br />NIt. StrftI City <br /> <br />..... <br /> <br />Secured Party: <br />N~ State of Colorado. Denartment of Natural Resources <br />Colorado Water Conservation Board <br />......... 721 State Centennial Building, 1313 Sherman, Denver, CO 80203 <br />ND. StnIel Clty SCIIIe <br /> <br />Debtor, for consideration, hereby grants to Secured Pany a security inlerest in the following property and any and all additions, accessions and <br />substitutions thereto or therefor (hereinafter called the "COlLATERAL''): <br /> <br />All annual assessments made by the Debtor against the <br />shareholders of Debtor <br /> <br />To secure payment of the indebtedness evidenced by /a Loan ~2:~;':~~~;~'.T~:~~~~~ to4J.e l~~~ 'Party, <br />or order. as follows: $100,000.00 plus interest at 5% per annum to be paid as follows: <br />$18,155.00 on each June 30 and December 31 hereafter until paid in full. <br />Payments apply first to interest and balance upon principal <br /> <br />DEBTOR EXPRESSLY WARRANTS AND COVENANTS: <br /> <br />1. That except for the security inrerest granled hereby Debtor is. or to the extent that this agreement states that the <br />Collateral is to he acquired after the date hereof. will he. the owner of the Collateral free from any advene lien. security interest or <br />encumbrances; and that Debtor will delend the Collateral against all claims and demands of all persons at anytime claiming the <br />same or any interest therein. . <br /> <br />2. The Collateral is used or bought primarily for: <br />o Personal, fumily or household pwposes: <br />o Use in farming operations; <br />IKl Use in business. <br /> <br />3. That Debtor's residence is as stated above. and the Collateral will he keptlll in the financial <br />institutions within Mesa County, Colorado. <br /> <br />No.IIllIS1met <br /> <br />0'., <br /> <br />"""" <br /> <br />... <br /> <br />4. If any of the Collateral is crops, oil, gas. or minerals to he extracled or timber to he cut, or goods which are or are to <br />become fIxtures, said Collateral concerns the following described real estate situate in the County <br />of and State of Colorado, to wit: <br /> <br />No. UCC UOS.Rev. 3-87. SECURITY AGREEMENT <br /> <br />Bradfont PublisbinJ, .5825 W 6tb Ave., L.Ikewood, co 80214 - (303) 233-6900 <br /> <br />10-818 <br />Cop)'ri&IIttm <br />