PROJ00372

• Contract/PO #: OEP1
• Contractor Name: Farmers Irrigating Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: EO 05-30-80
• Loan Projects - Doc Type: Contract Documents

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l"APR 13 ';~;I"~lr.-~l
CONS~~;;ATlON

BOARD

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SUBORDINATION AGREEMENT

WHEREAS, on December 15, 1980, THE FARMERS IRRIGATING DITCH
AND RESERVOIR COMPANY of Loveland, Colorado, executed and
delivered a Real Estate Mortgage and Chattel Security Agree-
ment to the Wichita Bank for Cooperatives, and

WHEREAS, this Mortgage was duly recorded in the real estate
records in the office of the County Clerk and Recorder of
Larimer County, Colorado, on February 9, 1981, as filing
number 399196 in Book 2101 at Page 1044, and

WHEREAS, THE FARMERS IRRIGATING DITCH AND RESERVOIR COMPANY
has contracted to convey an undivided half-interest in part
or all of the property described in such Mortgage to the
Colorado Water Conservancy Board, subject to a Repurchase
Agreement, as contained in the contract between said parties
dated February 1, 1981 , this transaction also
being evidenced by a deed from THE FARMERS IRRIGATING DITCH
AND RESERVOIR COMPANY dated ~ April 8, 1981

NOW, THEREFORE, for good and valuable consideration, the
Wichita Bank for Cooperatives hereby subordinates its lien
pursuant to the foregoing Mortgage to the interest acquired
by the Colorado Water Conservancy Board, pursuant to the
aforesaid contract and deed.

IN WITNESS WHEREOF, this instrument is executed this 8th day
of April, 1981.

FOR COOPERATIVES.

By

Vice President

CKNOWLEDGEMENT

STATE OF K~NSAS )
COUNTY OF SEDGWICK) ss.

Before me, the undersigned, a Notary Public in and for
said County and State, on this 8th day of April ,
1981, personally appeared David L. Andra , to me
personally known and known to me to be the identical person
who subscribed the name of the maker thereof to the foregoing
instrument as its Vice President , and he being by me duly
sworn did say that he is such officer and that the seal af-
fixed to said instrument is the corporate seal of said corpo-
ration nnd that the Game WaG signed and sealed 1n behalf of
said corporation by authority of its board of directors, and
he acknowledged to me that he executed the same as his free
and voluntary act and deed, and as the free and voluntary act
and deed or such corporation, for the uses and purposes set
forth and specified therein.

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WITNESS my hand and seal the day and year last above shown.

.My commission expires

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Notary IlYbl1c
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