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<br />"'''-. <br /> <br />receivers. <br /> <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />9. The Owner and Lender specifically request the Bank to honor and accept this Assignment and <br />its terms. <br />Executed this d?::' day of <br /> <br />SEAL <br /> <br />Attest: <br /> <br />By /~~~ <br />'<X Corporate Secretary <br /> <br />fIAfu'lcf;" <br /> <br />2000. <br /> <br />DEBTOR: The Chilcott Ditch Company, a <br /> <br />::m~'2( <br /> <br />Glen rmel, President <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the /[;0/2' CJ...-~:r /24,A/.c-. ("Bank") acknowledges <br />that it has received a copy of the foregoing Assignment, and agrees that, upon notice from the <br />Colorado Water Conservation Board ("CWCB") that the Owner is in default under its Loan Contract <br />with the CWeB and that the CWCB is exercising its right under the Assignment to withdraw funds <br />contained in the Certificate of Deposit, the Bank shall pay such funds directly to the CWCB until <br />advised otherwise by the CWeB and the Owner. The Bank acknowledges that the Certificate of <br />Deposit Account is a special deposit and that the funds deposited therein are to be used solely to <br />secure Owner's L.oan from the CWCB, and wllives any right of setoff it may have in and to the <br />Account. <br /> <br />A~ <br />By : . fv/:.~LcC~'L <br /> <br />B~~ 7).J.J. <br /> <br />Printed Name & Titl~p~, <br />Date 3)"2---3ho <br /> <br />J); ;-"' President <br />JJM~,,,, lJ ;? <br />