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<br />6. The rights and remedies of the Lender stated in this Assignment are in addition to any other <br />rights the Lender may have under the Loan Contract/Promissory Note or any law. <br /> <br />7. This Assignment shall be binding upon OWller and its successors, assigns, trustees, and <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 Z Isf- day of r()..j'J <br /> <br />1997. <br /> <br />THE CONSOLIDATED <br />CANAL COMPANY <br />BY~P <br /> <br />EXTENSION <br /> <br /> <br />ATTEST: <br /> <br />By <br /> <br /> <br />ACKNOWLEDGMENT BY FIRST NATIONAL BANK OF LAs ANIMAS <br /> <br />The First National Bank of Las Animas ("Bank") has received a copy of the foregoing <br />Assignment, and agrees that, upon notice from the Colorado Water Conservation Board <br />("CWCB") that The Consolidated Extension Canal Company is in default under its Loan <br />Contract/Promissory Note with the CWCB and that the CWCB is exercising its right under the <br />Assignment to withdraw funds contained in the Certificate of Deposit, the Bank shall pay such <br />funds directly to the CWCB until advised otherwise. <br /> <br />The First National Bank of Las Animas <br /> <br /> <br />UA./ <br />