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<br />..~"'. <br /> <br />li'll., <br /> <br /> <br />o~ <br /> <br />STATh OF COLORADO <br /> <br />Debtor: <br /> <br />UNIFORM COMMERCIAJ.- CODE-SECURITY AGREEMENT . "J.. 7 e;/y0 <br />q1/6 <br /> <br />"-'" <br /> <br />The New Cache la Poudre Irrigating Company <br /> <br />""""'" <br />.......... <br /> <br />No. <br /> <br />..... <br /> <br />Lucerne <br />..... <br /> <br />01, <br /> <br />..... <br /> <br />......... <br /> <br />P.O. Box 109 <br />No. <br /> <br />CO <br /> <br />80646 <br />..... <br /> <br />01, <br /> <br />Secured Party: State of Colorado <br />~ for the use and benefit of the Colorado Water Conservation Board <br /> <br />""""'" <br /> <br />1313 Sherman St.. Room 721 <br />No. ..... <br /> <br />Denver <br />CIly <br /> <br />CO 80203 <br />..... <br /> <br />Debtor, for coosidentiOq. hereby grants to ~ Party a security interest in the followiqg property and any and all additions. accessiOtls and <br />substitutions thereto or tben:for (bercilIaft<r called the "COu.ATEJtAL "): <br />All revenues derived from assessments on shares to repay indebtedness on its <br />diversion structure on the Poudre River as approved by the shareholders or the <br />Board of Directors pursuant to CRS S7-42-104. <br /> <br />To secure payment of the indebtedness evidenced by <br />or order, as follows: <br /> <br />certain promissory nOle _ of even date herewith. payable to the Secured Party. <br /> <br />DEBTOR EXPRESSLY WARRANTS AND COVENANTS: <br /> <br />1. 1bat except for the security interest granted 11ereby Debtor is, or to the extent that this agreement states that the <br />Collateral is to be acquired after the date hereof, will be. the owner of the Collateral free from any adverse lien, security interest or <br />encumbrances; and that Debtor will defend the Collateral ~gainst all claims and demands of all persons at anytime claiming the <br />same or any interest therein. <br /> <br />i <br />i <br />I <br />I <br />Ii <br />II <br />II <br />II <br />II <br />!, <br />I <br /> <br />4. If any of the Collateral is crops. oil. gas, or minerals to be extracted ortimberto be cut, or goods Wh~:: are or are to II <br />become fixtures, said Collateral concerns the following described real estate situate in the County <br />of and State of Colorado, to wit: <br /> <br />2. The Collateral is used or bought primarily for: <br />Personal, family or household purposes: <br />Use in farming operations; <br />Use in business. <br />Other <br /> <br /> <br />That Debtor's residence is as stated above, a(Id the Collateral will be kept at <br /> <br />P.o. Box 104 <br /> <br />No. iInd s= <br /> <br />Lucerne <br />c"" <br /> <br />Weld <br /> <br />co 80646 <br /> <br />County <br /> <br />No. ucc nos. Rev. 3-87. SECURIIT AGREEMENT <br /> <br />EXIlIBIT G <br /> <br />&) <br />