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<br />7. The rights and remedies of the Secured Party stated in this Assignment are in addition to <br />any other rights the Secured Party may have under the Loan Contract or any law. <br /> <br />8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, and <br />receivers. <br /> <br />9. This Assignment shall be construedi(1 accordance with the laws of the State of Colorado. <br />- ,.'0,",1,.. . <br />10. The Debtor and Secured Party specifically request the Sank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this J,O day of 11 p f<.) I- 1999. <br />n. ~ <br /> <br />Leroux Creek Water Users' Association, a <br />Colorado non rofit corporation <br /> <br /> <br />SEAL <br /> <br />By <br /> <br />Attest: <br /> <br />::y:; /",? <br />By ---4 [~, <br />Corporate Secreta <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below;ihe ,'... :The first State Bank of Hntr.hki",,("Bank") acknowledges that it <br />has received a copy of the foregoing Assignmentand agrees that neither, the Debtor nm anyone else_ <br />(except Secured Party) has any right to withdraw any funds from the above-described Account listed <br />above until the Secured Party releases this ;agreement in writing, except that, at the Debtor's request, <br />the Bank shall allow transfers of funds from the Account to Secured Party. The Bank acknowledges <br />that the Account is a special deposit and that the funds deposited therein are to be used solely for <br />Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it may have in and <br />to the Account. <br /> <br /> <br />President <br /> <br />:::r; /" R hi r r'" ~,,;,,-'7'~r, /rc.,f <br /> <br />Dae -y~.z.1-~" <br /> <br />':J ' <br />UfI; Wl. IJ h.fif \,j.~ ~ C ~~ <br />" ) <br />Cor rate Secretary <br />