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<br />.."", <br />, <br />'. . <br /> <br />~. <br />'.\ <br /> <br />receivers. <br /> <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />9. The Owner and Lender specifically request the Bank to honor and accept this Assignment <br />and its terms. <br /> <br />Executed this -:..f1..... day of iVIil.rJA 2001. <br /> <br />SEAL <br /> <br />West Rhone Lateral Ditch Company, a <br />Colorad nonprofit co oration <br /> <br />6. <br /> <br /> <br />:lJ4t:??-;?ff <br /> <br />Carol Todd, Corporate Secretary <br /> <br />ACKNOWLEDGMENT BY BANK <br />By its officer's signature below, the ~l.llo...n\",A.u','tY\oJ b~ ("Bank") acknowledges that it has <br />received a. copy of the foregoing Assignment, and agrees that, upon notice from the Colorado <br />Water Conservation Board ("CWCB") that the Owner is in default under its Loan Contract with <br />the CWCS and that the CWCB is exercising its right under the Assignment to withdraw funds <br />contained in the Certificate of Deposit, the Sank shall pay such funds directly to the CWCB until <br />advised otherwise by the CWCB and the Owner. The Bank acknowledges that the Certificate <br />of Deposit Account is a special deposit and that the funds deposited therein are to be used <br />solely to. secure Owners Loan from the CWCS, and waives any rig:'t of setoff it may have in <br />and to the Account. <br /> <br /> <br />President <br />ame & Title ,\a ~A 1) tit, 'v;, (-\en Pvui,d<-n,t <br />) <br />Mcvc.h c:; d.CO\ <br />) <br />PD~ ;00 <br />a raAf..d. (l)luLd1~ CD tS /502.- <br />I . Soo- 570 . fp12.'b <br />C/7{)- 2.42- 33010 <br /> <br />Date <br /> <br />Attest: <br /> <br />BYct<~V~ <br /> <br />Chi~0A;110~1~ <br /> <br />, t.' <br />;--". <br />