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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 construed in accordance with the laws of the State of Colorado. <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />Executed this 10 day of <br /> <br />1998. <br /> <br />By <br /> <br /> <br />s, President <br /> <br />(SEAL) <br /> <br />Attest: <br /> <br />BY~ V,f:.?r <br />. Carpor Secre <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the Grand Valley National Bank, Fruita, Colorado ("Bank") <br />acknowledges that it has received a copy of the foregoing Assignment and agrees that neither <br />the Debtor nor anyone else (except Secured Party) has any right to withdraw any funds from the <br />above-described Account listed above until the Secured Party releases this agreement in writing, <br />except that, at the Debtor's request, the Bank shall allow the transfer of the annual Loan payment <br />to the Secured Party. The Bank acknowledges that the Account is a special deposit and that the <br />funds deposited therein are to be used solely for Debtor's repayment to the Secured Party of the <br />Loan, and waives any right of setoff it may have in and to the Account. <br /> <br />Grand Valley National Bank <br /> <br /> <br />By t~.Da.v1. President <br />Printed Na e & Title ,P /U~,/~ /Jot 6f1-fI y <br />Date 7-10 - 9',f D.1-tiu <br />