PROJ00316

• Contract/PO #: C153577
• Contractor Name: Michigan River Water Conservancy District
• Contract Type: Loan
• Water District: 47
• County: Jackson
• Bill Number: SB 90-41
• Loan Projects - Doc Type: Contract Documents

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STATE OF COLORADO

Date AUGUST 26 1991
Time 10:00 A.~
p.,
Number 4444'
JACKSON COUNTY
Sherry J. Wofford. ' lerk
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()NWORM COMMERCIAL CODE - SECURITY AGREEMENT
,.

Debtor:
N_' Michigan River Water Conpervancy District

.......
.........,

No,

.....

co,
Walden

.....

........

P.O. Box 1100
No,

CO

80480
.....

......

City

Secured Party: 'of Colorado'
"""" ' S ta te of Colorado for the use and benefit the
Water Conservation Board
.. ....... 1313 Sherman St. , Rrn. 72J. Denver CO 80203'
No, ..... City .....

Debtor, for consideration, hereby grants to Secured Party a ,security interest in the following property and any and all additions, accessions and
substitutions thereto or therefor (hereinafter called the ..COLLATERAJ....): .

All revenues derived from water allotment contract
repay indebtedness on the Meado~ Creek Dam Project
the Board of Directors of the District.

"j,
assessments to
as approved by

,;;

To secure payment of the indebtedness evidenced by
or order, as follows:

certain promissory note _ of even 'date herewith, payable to the Secured Party,

,

DEBTOR EXPRESSLY WARRANTS AND COVENAJIITS:

SECRETARY OF STATE OF COLD DO
07-0}-91 12:54
912049932 " $10. DO

'I. That except for the security interest granted heJeby 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 of the Collateral free from any adverse lien, security interest or
encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the
same or any interest therein,

2, The Collatenu is used or bought primarily for:
0' Personal. family or household purposes;
0,' Use in farming operations; ,
o Use in business,

3, That Debtor's residence is as stated above. and the Collateral will be kept at the offices of the
I, Michigan River Water Conservancy District

P.O. Box 1100 Walden Jackson CO 80480

.No. andSlR:Cl

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4, If any of the Collateral is crops, oil, gas, or minerals to be extracted ortimberto 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 State of Color.ldo, to wit:

I

No. UCC 1205. Rev. 3.87. SECURITY AGREEMENT

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