PROJC00194

• Contract/PO #: C150010
• Contractor Name: Columbine Ranches POA
• Contract Type: Loan
• County: Adams
• Bill Number: SB 99-173
• Loan Projects - Doc Type: Contract Documents

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8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, and
receivers.

9. This Assignment shall be construed in accordance with the laws of the State of Colorado.

10. The Debtor and Secured Party specifically
Assignment and its terms.

Executed this L day of -:r;;. t( e

request the Bank to honor and accept this

2000.

(S EAL)
ATTEST

DEBTOR: Columbine Ranches Property
Owner's Association

~P0L

By

Ben Pacheco, President

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ACKNOWLEDGMENT By BANK /..//STf!AS.Bl1..eb oFF/CE

By its officer's signature below, the ftR!':-JT NA17oA!AL. 8AM/(~/!Jbf{TV ("Bank") acknowledges that
it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone
else (except Secured Party) has any right to withdraw any funds from the above-described
Account listed above until the Secured Party releases this agreement in writing, except that, at the
Debtor's request, the Bank shall allow transfers of funds from the Account to Secured Party. The
Bank further agrees that, upon notice from Secured Party that the Debtor is in default under its
Loan Contract with Secured Party and that Secured Party is exercising its right under the
Assignment to withdraw funds contained in the Account, the Bank shall pay such funds directly to
Secured Party until advised otherwise by both Secured Party and the Debtor. The Bank
acknowledges that the Account is a special deposit and that the funds deposited therein are to be
used solely for Debtor's repayment to the Secured Party of the Loan, and waives any right of
setoff it may have in and to the Account.

(S EAL)

Bank: h /' Ji )///-T/'"" <t#N~;;/'.uf"/s4..'/hM O?h-<.

By ~4 m ~ President
PrinledName&Title 1; Ie I., ~ j N ftlcf.e<-",/t.iJ.I;'~7
Dale 6 -Z-fl- 00

Attest:

Appendix E to Loan Contract C15001 0