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<br />(4.:~l <br /> <br />6. The rights and remedies of the lender stated in this Assignment are in addition to any <br />other rights the lender may have under the loan Contract or any law. <br />7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, <br />and receivers. <br />8. This Assignment shall be construed in accordance with the laws of the State of <br />Colorado. <br /> <br />9. The Owner and lender specifically request the Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this \'6 day of 0 ":::i's~ 2000. <br /> <br />SEAL <br /> <br />Jackson lake Reservoir and Irrigation <br />Company, a Colorado nonprofit corporation <br /> <br />ByY~~1:~ent <br /> <br />Attest: <br /> <br />By <br />Steve Bolinger, Cor rate Secretary <br /> <br /> <br />ACKNOWLEDGMENT BY BANK <br /> <br />By its officer's signature below, the Community First National Bank ("Bank") acknowledges that it has <br />received a copy of the foregoing Assignment, and agrees that, upon notice from the Colorado Water <br />Conservation Board ("CWCB") that the Owner is in default under its Loan Contract with the CWCB and <br />that the CWCB is eXercising its right under the Assignment to withdraw funds contained in the <br />Certificate of Deposit, the Bank shall pay such funds directly to the CWCB until advised otherwise by the <br />CWCB and the Owner. The Bank acknowledges that the Certificate of Deposit Account is a special <br />deposit and that the funds deposited therein are to be used solely to secure Owner's Loan from the <br />CWCB, and waives any right of setoff it may have in and to the Account. <br /> <br />Community First National Bank <br />POBox 550 <br />Fort Morgan CO 80701 <br />970/867-8281 <br /> <br /> <br />VICE President <br />JEFF MORFORD. VICE PRESIDENT <br /> <br />Date 8/18/00 <br /> <br />Attest: <br />By ./j,j,()f'J(j YY}J Ylr1(!'rf' <br />