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<br />" <br />-;>:" <br /> <br />ATTACHMENT B <br /> <br />MORTGAGE <br /> <br />STATE OF COLORADO ) <br />COUNTY OF MONTEZUMA ) <br /> <br />This indenture. made this 11th day of October. 1988. <br />between the CITY OF CORTEZ. of the State of Colorado and County <br />of Montezuma. hereinafter called "Mortgagor." and the STATE OF <br />COLORADO for the use and benefit of the DEPARTMENT OF NATURAL <br />RESOURCES (COLORADO WATER CONSERVATION BOARD). herein after <br />called "Mortgagee." <br /> <br />Witnesseth: <br /> <br />Whereas. Mortgagor is justly indebted to Mortgagee in the <br />sum of Two Million Three Hundred Fifty-One Thousand Nine <br />Hundred Two Dollars ($2.351.902). in lawful money of the United <br />States. and has agreed to pay the same. with interest thereon. <br />according to the terms of the project contract (the <br />"Agreement") between Mortgagor as contractor and Mortgagee. <br />dated May 1. 1986. as amended. with final payment being due as <br />provided therein. <br /> <br />Now. Therefore. in consideration of the Premises and the <br />sum hereinabove set forth. Mortgagor has granted. bargained. <br />sold and conveyed. and by these presents does grant. bargain. <br />sell and convey unto Mortgagee property situate in Montezuma <br />County. Colorado. more particularly described as follows: <br /> <br />a. A 24-inch. class 50 ductile iron pipe. 8.340~ <br />linear feet with all other appurtenances. <br /> <br />b. A 30-inch. class 50 ductile iron pipe. 9.160~ <br />linear feet with all appurtenances. <br /> <br />c. Eleven vaults. air release valves. five drain <br />valves and assemblies. <br /> <br />d. 3.6~ acres of land to be used as pipeline <br />easements. <br /> <br />and further described in the attached maps. together with <br />structures and other improvements now or hereafter located on <br />the property hereinbefore described. or any part and parcel <br />thereof; and <br /> <br />7440E <br /> <br />ATTACHMENT B <br />