Laserfiche WebLink
<br />STATE OF COLORADO <br /> <br />UNIFORM COMMERCIAL CODE -SECURITY AGREEMENT & ANANCING STATEMENT <br />COLORADO SECRETARY OF STATE <br />1560 Broadway, Suite 200 - Denver, CO 80202-5169 <br /> <br />DEBTOR: <br /> <br />THE TREMONT MUTUAL DITCH COMPANY <br />P. O. Box 711 <br />Snyder, CO 80750 <br /> <br />FED TAX ID#: 84-0974474 <br /> <br />SECURED PARTY: <br /> <br />STATE OF COLORADO for the use and benefit of the <br />Department of Natural Resources, Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br /> <br />COLLATERAL <br />CLASSIFICATION: <br /> <br />_X_ CONTRACT fliGHTS <br /> <br />X OTHER <br /> <br />DEBTOR, for consideration, hereby grants to SECURED PARTY a s~curity interest in the following property and any and all additions, <br />accessions and substitutions thereto.or therefor, hereinafter eall.d the COUATEAAl.: AU REVENUES DERIVED FROM HANDUNG <br />FEES PAID TO THE DEBTOR BY PIONEER WA TER AND IRRlG"" TION, INC, PURSUANT TO AN AGREEMENT RECORDED IN THE <br />OFFICE OF THE CLERK AND RECORDER OF MORGAN COUNrY, COLORADO ON MA Y 14. 1987 IN 800K 891 A T PAGE 338, <br /> <br />To secure payment of the indebtedness .evidenced by eenain l>romissory,Note Provisions of Loan Contract IC153726 between <br />the above named partie..herewith, payable .to the SECURED PAlm', or order, .S follows: '45,000 wffh interest at the rate of 4% <br />per annum payable in 20 annual installments of '3,311,18, .0' untlall principal and interest are paid in fuR, <br /> <br />DEBTOR EXPRESSLY WARRANTS .AND .COVENANTS: <br /> <br />1. That except for d1e security interest granted hereby DEBTOR is, or to -the extent that this agreement states that the <br />COlLATERAl is to be acquired after the date ,hereof, will be, the owner of the CollATERAl-free from Bny adverse lien, security interest <br />or encumbrances: and that DEBTOR will defend the COllATERAl against all claims and demands of all persons at anytime claiming <br />the same or any interest therein. <br /> <br />2, The CoUA TElW. is used or bought primarily for: <br />_ Personal, family or household purposes; <br />_ Use in farming operations; <br />Use in business: <br />_X_ Other, <br /> <br />3, That DEBTOR'S address is as stated above, and the COUATERAl will be kept at SAME ADDRESS <br /> <br />, <br />4. If any of the COllATERAL is crops. oil, gas or minerals to be extracted or timber to be cut, Or goods which are or are to <br />become fixtures, said CoLlATERAl concerns the following deSCribed real estate situate in the County of X and State of Colorado, <br />to-wit: N/A <br /> <br />5. Promptly to notify SECURED PARTY of any changes in the location of the COUATERAL <br /> <br />6. To pay all taxes and assessments of every nature which may be levied or assessed against the COLLATERAL. <br /> <br />7. To not permit or allow any adverse lien, security interest or encumbrance whatsoever upon the COLLATERAL and not to <br />permit the same to be attached or replevined. <br /> <br />8. That the COUATERAl is in good condition, and that the DEBTOR will. at its own expense, k.eep the same in good condition <br />and from time to time. forthwith, replace and repair all such parts of the collateral as may be brok.en, Worn out, or damaged without <br />allowing any lien to be created upon the COlLATERAl on aCCOUnt of such replacement or repairs, and that the SECURED PARTY may <br />examine and inspect the CouATERAL at any time, wherever l()cated. <br /> <br />9. That the DEBTOR win.not use the COllATERAL in 'liolation of any applicable statutes, regulations or ordinances. <br /> <br />A _ _ r- a I ...... . " I") ") <br />