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<br />/--', <br /> <br />other rights the Lender may have under the Loan Contract or any law, <br /> <br />7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, and <br />receivers. <br />8. This Assignment shall be construed in accordance with the laws of the State of Coiorado. <br /> <br />9. The Owner and Lender specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />Executed this ~'=3l!.4 day of rv'\MC'..k. j 2001'. <br /> <br />SEAL <br /> <br />Jackson Lake Reservoir and Irrigation <br />Company, a Colorado nonprofit corpo ation <br /> <br />?" <br /> <br /> <br />By <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 Certifice.:9 <br />of Deposit, the Bank shall pay such funds directly to the CWCB until advised otherwise by the CWCB and <br />the Owner, The Bank acknowledges that the Certificate of Deposit Account is a special deposit and that <br />the funds deposited therein are to be used solely to secure Owner's Loan from the CWCB, and waives <br />any right 01 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 />I/f: e President <br />ame& Itle ?if74.r,M,rc/ tAte P"'>~0r: <br />Date o/'~ I <br /> <br />Attest: <br /> <br />~~r <br />By ~ . <br />t.:~. ~..a- B~ ~ <br />