PROJC00372

• Contract/PO #: C153682
• Contractor Name: Caryl R. Carroll
• Contract Type: Loan
• Water District: 43
• County: Rio Blanco
• Bill Number: HB 93-1273
• Loan Projects - Doc Type: Contract Documents

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STATE Of' COLORADO

Debtor:

'UNIFORM COMMERCIAL CODE - SECURITY AGREEMENT
"J'stJ/'=te/.J 5-9 -:LJ'7J'i'P-
CARYL R. CARROLL

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P.O_ Box 219
No,

Cocoa
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Florida
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Secured Party:

State of Colorado for Us~ & Benefit of the
Colorado Water Conservatton Board

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1313 Sherman Street. Roo~ 721
No. Street

Denver,
QI,

Colorado
.....

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Debtor, for consideration. hereby grants to Secured Party a security interest in the following property and any and all additions, accessions and
substitutions thereto or therefor-(hereinafter called the "COllATERAL"}:
BORROWER'S interest in 703.9 acre-feet of water rights adjudicated to the DD&E
Reservoir, decreed as follows: an undivided 200.4 acre-feet adjudicated- 10/26/1931,
priority 43A, and an undivided 503.5 aere-feet adjudicated 9/01/1960, priority 7,
all of which is ,located in S2 & S3, T2N R92W 6PM, Rio Blanco County.

a

CC:rtain promissory note _ of even 'date herewith, payable to the Secured Party.

To secure payment of the in4ebtedness evidenced by
. ~
or order, as follows:

As set forth inr~he Promissory Note Provisions in Loan Contract between Debtor
and Secured Party.

DEBTOR EXPRESSLY WARRANTS AND COVENANTS:

1. That ,",cept, for the security interest granted hereby Debtor is, or to the extent that this agreement states that the
Collateral is to be acquiiro after the date hereof. will be. the owner of the Collateral free from any adve"" lien, security interest or
encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the
same or any interest ther.ein.

2. The Collate!'al is used or bought primarily for:
o Personal, family or household purposes:
IXI Use in farming operations;
o Use in busihess.

3. That Debtor's residence is as stated above, and the Collateral will be kept at DD&E Wise Reservoir,

"'No.andSm:et

City

Rio Blanco County,
COI.Imy

Colorado

S\lIle

4. If any of the Collateral is crops, oil, gas, or minerals to be extracted or timber to be cue or goods which are or are to
become fixtures, said Collateral concerns the follOWing described real estate sltuate in the N / A County
of N / A and State of Colorado. to wit:

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