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<br />. .- .._~ ----" "---.- <br /> <br />. <br /> <br />...>>"""'" <br />(. <br /> <br />Pann UCC 1205-&-odlord PubbahinQCo...lSl0t.-46SloutStNM. o.n"",Cokndof573..S01l}-s'78 <br /> <br />STATE OF COLORADO <br /> <br />UNIFORM COMMERCIAL CODt - SECURITY AGREEMENT <br /> <br />.. <br />Debtor: <br /> <br />Nome: <br /> <br />The North Poudre Irrigation Company <br /> <br />Addl.": <br />R..id.nee: <br /> <br />No, <br /> <br />Slr..1 <br /> <br />Clly <br /> <br />Slale- <br /> <br />Harne: <br /> <br />Water Conservation <br /> <br /> <br />Colorado 80549 <br /> <br />Bu.ln...: <br /> <br />P.O. Box 100. 3729 Cleveland AVenue. <br />No. Str..t <br /> <br />Slale <br /> <br />Secured Party: <br />Colorado <br /> <br />1 Resources <br /> <br />Addr.n: <br /> <br />721 State Centennial <br />No, <br /> <br />721. Denver. CO <br />Slate <br /> <br />80203 <br /> <br />.Debtor. for eon.iderali.on, bereby grant. 10 Secured Parly a .ec:u latere.t in the fOll~lng property and any and 011 addillotU, ocee.,ioDS oad lubstitutions tbereto or Iherelo~ <br />(be,.inafter called Ibe "COllATERAL"): <br /> <br />Revenues derived from assessments on stock in The NorthPoudre Irrigation Company <br />to repay' the indebtedness on Park Creek R~servoir as shall be voted by the <br />stockholders of the Company or upon their failure to act by the directors as is <br />provided in Colorado Revised Statute 7-42~104. <br />To.<<:ure paYJDent ot the ladebtedD." eYideneed by ~,-Atl(.JIXJIJIQ.JlD(DtOt~}lJKJtOltQMH~Ji~1iltiOiK. <br />~~loan repurchase contract with the Colorado Water Conservation Board dealing with <br />the repayment of ,money to the U.S. Depart~ent of Interior. <br /> <br />DEBTOR EXPRESSLY WARRANTS AND COVENANTS: <br /> <br />1. That except for the security interest granted he,reby Debtor is. or to the extent that this agreement states <br />,that the Collateral is to be acquired after the date hereof. will be. the owner of the Collateral free from any adverse <br />-lien. security interest or encumbrances; and that Debtor Will defend the Collateral against all claims and demands <br /><If all persons at anytime claiming the same or any interest therein. <br /> <br />2. The Collateral is used or bought primarily for: <br />o ,Personal. family or household purposes: <br />o Use in farming operations: <br />(jQ Use'in business. <br /> <br />-:'>::"-;~~" <br /> <br />3. That Debtor's residence is as stated above. and the Collateral will be kept at . <br /> <br />.- . ~ ~ <br />_-.., -,H.. <br /> <br /> <br />., . <br />_, ._',0_.'..._...._,._ ,-_.. _ _ _._>__.. .-. <br /> <br />., ..~-- <br /> <br />The <br /> <br />co <br />