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<br />.J <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />10. The Debtor and Secured. ,Party . specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />Executed this .1i- day OfJ~ Cfq , <br /> <br />Chipperfield Lane Ditch, <br />nonprofit corp ation <br /> <br />By, <br /> <br /> <br />Colorado <br /> <br />(S E A L) <br /> <br />." <br /> <br />ATTEST: ..:. . <br />By ;;V~ ;e;~ <br /> <br />1fhomas Russell, Corporate Secretary <br /> <br />,';'-, . <br /> <br />ACKNOWLEDGMENT By THE BANK <br /> <br />The Mesa National Bank, Rifle, Colorado ("Bank") has received a copy of the foregoing <br />Assignment and agrees that neither the Debtor nor anyone else (except Secured Party) has any <br />right to withdraw any funds from the above-described Account listed above until the Secured <br />Party releases this agreement in writing, except that, at the Debtor's request, the Bank shall allow <br />the transfer of the annual Loan payment to Secured Party. The Bank acknowledges that the <br />Account is a special deposit and that the funds deposited therein are to be used solely for <br />Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it may have <br />in and to the Account. <br /> <br />Mesa National Bank, Rifle, Colorado <br /> <br />By 7'&0-:/-./ It, ~ /. ./ <br />Namemtle~~~ ~LAn~ <br />Date I 'of '7 <br /> <br />Pre9iEh~nt <br /> <br />/ &lIvtH ~ <br /> <br />ATT~) <br />By Iw (JdtafJ-/ <br />