Laserfiche WebLink
under this Assignment must be contained in a writing signed by Secured Party. A <br />waiver on one occasion shall not constitute a waiver on any other occasion. <br />7. The rights and remedies of the Secured Party stated in this Assignment are in addition <br />to any other rights the Secured Party may have under the Loan Contract or any law. <br />8. This Assignment shali be binding upon Debtor and its successors, assigns, trustees, <br />and receivers. <br />9. This Assignment shall be construed in accordance with the laws of the State of <br />Colorado. <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. q <br />Executed this � day of Y(,���1 2000. <br />DEB7oR: The Chilcott Ditch Company, <br />a Colorado . nprofit cor raf n <br />SEAL <br />BY � <br />Glen Ermel, Pre ident <br />ATTEST: <br />By �' � � /�i <br />" crporate Secretary <br />ACKNOWLEDGMENT BY BANK <br />By its officer's signature below, the �s��,��s��.✓.� ("Bank") acknowledges <br />that it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor <br />anyone else (except Secured Party) has any right to withdraw any funds from the above- <br />described Account listed above until the Secured Party releases this agreement in writing, except <br />that, at the Debtor's request, the Bank shall allow transfers of funds from the Account to Secured <br />Party. The Bank further agrees that, upon notice from Secured Party that the Debtor is in default <br />under its Loan Contract with Secured Party and that Secured Party is exercising its right under the <br />Assignment to withdraw funds contained in the Account, the Bank shali pay such funds directly to <br />Secured Party until advised othervvise by both Secured Party and the Debtor. The Bank <br />acknowledges that the Account is a special deposit and that the funds deposited therein are to be <br />used solely for Debtors repayment to the Secured Party of the Loan, and waives any right of <br />setoff it may have in and to the Account. �� <br />Bank: �'onw�,� /�„ <br />B�,ti,y�'��/� i/-�Q President <br />Printed Name & Title��,,,a,„, >�1./1,;.m v.,' <br />Date 3�z3�o.> <br />Attest <br />� Corporate Secretary <br />By_ ,� �P,!'v�� �'��'-`� - <br />C� � <br />