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<br />--~~ <br /> <br />receivers. <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this ..!i!J!:.... day of October 1997. <br /> <br />, <br /> <br />Arkansas Groundwater Users Association a <br />. , <br />Colorado non-profit corporation <br /> <br />By ~,~ <br />C. R. Evans, President <br /> <br />SEAL <br /> <br />ATTES;:. #~ <br />By Il}{f l,J~ <br />Corporate Secretary <br /> <br />ACKNOWLEDGMENT By THE BANK <br /> <br />By its officer's signature, the Colorado East Bank and Trust, La Junta, 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 <br />the above-described Account listed above until the Secured Party releases this agreement in <br />writing, except that, at the Debtor's request, the Bank shall allow the transfer the annual Loan <br />payment in the amount of $3,082.27 to Secured Party. The Bank acknowledges that the <br />Account is a special deposit and that the funds deposited therein are to be used solely for <br />Debtor's repayment to the Secured Party of the Loan, and waives any right of setoff it may <br />have in and to the Account <br /> <br />Colorado East Bank and Trust <br /> <br />By J. 2dlM.... !/~....u: <br />Printed NamelTitle tT () d <br />Date /0 - if - 97 <br /> <br /> <br />ATT~ . <br />By {.{1.t..U-;fl f,7/ dL L <br />