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<br />. <br /> <br />. <br /> <br />6. The rights and remedies of the Lender stated in this Assignment are in addition to any <br />other rights the Lender may have under the Loan Contract or any law. <br /> <br />7. This Assignment shall be binding upon Owner 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 <br />Assignment and its terms, <br /> <br />Executed this ,otJ day of :r.:ly 2001. <br /> <br />SEAL <br /> <br /> <br /> <br />B <br /> <br />ACKNOWLEDGMENT BY BANK <br /> <br />By its officer's signature below, the CENTENNIAL BANK OF :J;HE ("Bank") acknowledges that it <br />has received a copy of the foregoing Assignment, and laEJr1es that, upon notice from the <br />Colorado Water Conservation Board ("CWCB") that the Owner is in default under its Loan <br />Contract with the CWCS and that the CWCB is exercising its right under the Assignment to <br />withdraw funds contained in the Certificate of Deposit, the Bank shall pay such funds directly <br />to the CWCS until advised otherwise by the CWCB and the Owner. The Bank <br />acknowledges that the Certificate of Deposit Account is a special deposit and that the funds <br />deposited therein are to be used solely to secure Owner's Loan from the CWCB, and waives <br />any right of setoff it may have in and to the Account. <br /> <br />CENTENNIAL BANK OF , Bank <br /> <br />Attest <br /> <br />By &~ ~cl~ <br /> <br /> <br />Date <br /> <br />JULY la, 2001 <br /> <br />President <br /> <br />STUMPF, BRANCH <br />PRESIDENT <br />