PROJC00778

• Contract/PO #: C153568
• Contractor Name: Coon Creek Reservoir & Ditch Company
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: SB 89-85
• Loan Projects - Doc Type: Contract Documents

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Coon Creek Reservoir and Ditch Comapny

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Box 145 Mesa, CO 81643
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; , Secured Part v:
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State of Colorado for the use and benefit of the
COloradO water conservat~on Board
1313 Sherman St., Rm. 721, Denver, CO 80203

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,i i Deblor. for consideration. hereby grants 10 Secured Pany a secunty intt:rest in the following property and any and all addilions. accessions and
I! substitutions thereto or therefur (heremaiter "lied the "COLLATERAL"):

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Add"".s:

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All revenues derived
indebtedness on Coon
holders or the Board
as amended.

from assessment on shares to repay
Creek No.1 and No.2, approved by the share-
of Director$ pursuant to C.R.S. S 7-42-104,

To secure payment of lhe indebledness evidenced by
or order. as follows:

cenain promissory note _ of even date herewith. payable to the Setured Pany.

DEBTOR EXPRESSLY WARRANTS AND COVENAN,S:

1. That except for the security interest granted hereby Debtor is. or to the extent that this agreement states that the
Collateral is to be acquired after the date hereof. will be, the OWner of the Collateral free from any adverse lien. securil)' interest or
encumbrances: and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the
same or any interest therein.

The Collateral is used or bought primarily for:
o Personal, family or household purposes:
o Use in farming operations;
o Use in business.

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3. That Debtor's residence is as stated above. and the Collateral will be kept at the offices
Coon Creek Reservoir and Ditch Company, Mesa, CO 81643

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4. If any of the Collateral i!\ crops. oil. gas. or minerals to be extracted or timber to be cut. or goods which are or are to
become fixtures. said Collateral concerns the following described real estale situate in the County
of and State of Colorado. to wit:

EXHIBIT D-1

Page 1 of 2

~o. UCC 1105. Re\". 3-87. SECURITY AGREH1E:'\T

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