Laserfiche WebLink
<br />, . <br /> <br />STATE Of COLORADO <br /> <br />Debtor: <br /> <br />UNIFORM COMMERCIAL CODE - S~CURITY AGREEMENT <br />SSIN/7 ~'f- 6J n~)'Ij . <br />THE WINDSOR RESERVOIR AND CANAL COMPANY <br /> <br />952059466 C $lD.GC <br />i"'\f""!'!"l"'''!'',',!'''l\' "'r- .......'T.... <br />~~~KtiMrt( Vr ~in!t <br />. nrL_n-~_nr . '. 4 ".''': i),"'! <br />:, Ul.,l AJCL.J.l".- ""'!.,... ~,' <br /> <br />-, <br /> <br />Address; <br />Raideatt: <br /> <br />No. <br /> <br />s".., <br /> <br />Cily <br /> <br />s.... <br /> <br />Busi~ <br /> <br />P.O. BOX 206 <br /> <br />EATON <br /> <br />CO <br /> <br />80615 <br /> <br />No. <br /> <br />....... <br /> <br />Cily <br /> <br />..... <br /> <br />Secured Party: STATE OF COLORADO <br />FOR THE USE AND BENEFIT OF THE COLORADO WATER CONSERVATION BOARD. <br />-, <br /> <br />1313 SHERMAN St., RM721 <br />"""_ <br />No. <br /> <br />DENVER <br /> <br />CO 80203 <br /> <br />..... <br /> <br />COy <br /> <br />..... <br /> <br />Debtor, for consideration, hereb~ grants to Secured Party a securi!y interest in the following pro~[tY and any and all additions.... accessions and <br />substitutions !hereto or therefor (bereinafter called the "COlLATERAL"): ALL REVENUES DERIVED FROM AS SE"SMENTS <br />OF SHARES TO REPAY INDEBTEDNESS ON 115 POUDRE VALLEY CANAL AND ALL APPtJRTENANCES <br />ASAPPROVED'BY THE, SHAREHOLDERS OR THE BOARD OF DIRECTORS PURSUANT TO CRS <br />I' 7-42-104 <br /> <br />To secure payment of the: indebtedn~s evidenced by a cen.aiR promissory nOle _ of even date herewith. payable to the Secured Party, <br />ororder,asfollows:As set forth in the contract between debtor and secu:red party for the <br />emergency repair of the debtor's Poudre Valley Canal whereby secured party has <br />loaned debtor the principal sum of $300,000 according to the terms set forth in <br />said contract, including the terms of repayment as set forth in the promissory <br />note portion of said contract, <br /> <br />DEBTOR EXPRESSLY WARRANTS AND COVENANTS: <br /> <br />L That except for the security interest granted hertby Debtor is, or to the extent that this agreement states that the <br />Collateral is to be acquired afterthe date hereof, will be, the oWner of the Collateral free from any adverse lien, security interest or <br />encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the <br />same or any interest therein. <br /> <br />2. The Collateral is used or bought prirrurrily for: <br />o Personal,. family or household purposes: <br />o Use in fanning operations; <br />o Use in business, <br />[Xl Other <br />3. That DeblOr'S residence is as stated above, and the Collateral will be kept at <br /> <br />P.O. BOX 206 <br /> <br />EATON <br /> <br />WELD <br /> <br />CO 80615 <br /> <br />No and5tn:e1 <br /> <br />Cl" <br /> <br />Coon" <br /> <br />St;lle <br /> <br />4. If any afthe Collateral is crops, oil. gas, or minerals to be extracted or timber to be cut, or goods v,/hich are or are to <br />become fixtures, s8id Collateral concerns the following described real estate situate in the Coumy <br />of and State of Coloraoo. to wit: n/ a <br /> <br />EXHIBIT D <br /> <br />~J <br /> <br />No. UCC 1205. Rev. 3.87. SECURITY AGREEME:'\T <br />