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<br />6. The modification or waiver of any of Debtor's obligations or Secured Party's rights under this <br />Assignment must be contained in a writing signed by Secured Party, A waiver on one <br />occasion shall not constitute a waiver on any other occasion, <br /> <br />7, The rights and remedies of the Secured Party stated in this Assignment are in addition to any <br />other rights the Secured Party may have under the Loan Contract or any law, <br /> <br />8, This Assignment shall be binding upon Debtor and its successors, assigns, trustees, and <br />receivers. <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this /</ day of _TiaJ e, 1998, <br /> <br />The Farmers Pawnee Canal Company, a <br />Colorado ation <br /> <br />By <br /> <br /> <br />SEAL <br /> <br />Attest: <br /> <br />By ~-)J.2.J <br />Sandra lis, Secretary <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the First Security Bank, Sterling, Colorado ("Bank") acknowledges that it <br />has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone else <br />(except Secured Party) has any right to withdraw any funds from the above-described Account listed <br />above until the Secured Party releases this agreement in writing, except that, at the Debtor's request, the <br />Bank shall allow the transfer of the annual Loan payment to Secured Party, The Bank acknowledges that <br />the Account is a special deposit and that the funds deposited therein are to be used solely for Debtor's <br />repayment to the Secured Party of the Loan, and waives any right of setoff it may have in and to the <br />Account <br /> <br />First Security Bank - Sterling, Colorado <br /> <br />By 9r-J ~ <br /> <br />Printed Name & Title :::I~v(" <br />Date 6/i2.-/9,9 <br />, <br /> <br />President J <br />~ Mv'e" ;Jr-s.'J <br />, <br /> <br />Attest: <br /> <br /> <br />By <br />C ig Lichtenwalner Cashier <br />