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<br />"-:") <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />1 O. The Debtor and Secured Party specifically request the Bank to honor and accept this Assignment and <br />its terms. <br /> <br />Executed this _ day of October 1997. <br /> <br />The Weldon Valley Ditch Company, a Colorado <br />nonprofit corporation <br /> <br />By <br /> <br />Gerald Baugh, President <br /> <br />SEAL <br /> <br />ATTEST: <br /> <br />By <br /> <br />Corporate Secretary <br /> <br />ACKNOWLEDGMENT By THE BANK <br /> <br />By its offer's signature below, the Wiggins Independent Bank, Wiggins, Colorado ("Bank") acknowledges <br />that it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone <br />else (except Secured Party) has any right to withdraw any funds from the abDve-described Account listed <br />above until the Secured Party releases this agreement in writing, except that, at the Debtor's request, the <br />Bank shall allow the transfer of the annual Loan payment in the amount of $13,227.88 to Secured Party. <br />The Bank acknowledges that the Account is a special deposit and that the funds deposited therein are to <br />be used solely for Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it <br />may have in and to the Account. <br /> <br />Wiggins Independent Bank <br /> <br />By <br />Printed NamefTitle <br />Date <br /> <br />ATTEST: <br /> <br />By <br />