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<br />j': <br /> <br />'," . .~. <br /> <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 11 day of .M A 7 <br /> <br />1999. <br /> <br />(S EAL) <br /> <br />The Durkee Ditch Company, Inc., a Colorado <br />nonprofit corporation <br /> <br />By df-'AL4 '4~ <br />Fred Burritt, President <br /> <br />By <br /> <br /> <br />ACKNOWLEDGMENT By THE BANK <br /> <br />The Community First National Bank of Delta, Colorado ("Bank") has received a copy of the foregoing <br />Assignment and agrees that neither the Debtor nor anyone else (except Secured Party) has any right to <br />withdraw any funds from the above-described Account listed above until the Secured Party releases this <br />agreement in writing, except that, at the Debtor's request, the Bank shall allow the transfer of the <br />annual Loan payment to Secured Party. The Bank acknowledges that the Account is a special deposit <br />and that the funds deposited therein are to be used solely for Debtor's repayment to the Secured Party <br />of the Loan, and waives any right of setoff it may have in and to the Account. <br /> <br />Community First National Bank of Delta, Colorado <br /> <br />By ~~u/' ~ . President <br /> <br />Printed NamefTitle ~/?/ /' L. h/M;~5/-4. <br /> <br />Pate .s-~//- 99 ' <br /> <br />ATTEST: <br /> <br />By )co}),~~ <br />