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<br />,,) <br /> <br />r~ <br /> <br />6, The rights and remedies of the Lender stated in this Assignment are in addition to any other <br />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 bf! 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 Assignment <br />and its terms. <br /> <br />Executed this 3rd day of January <br /> <br />20~ <br /> <br />Woodchuck Ditch Company, a Colorado <br />nonprofit corporation <br /> <br />SEAL <br /> <br />BY~r'~ <br />(j Joe Zimmerman, President <br /> <br />Attest: <br /> <br />~t~'-OI,tp)A~~VP*1A / <br />po rate Secretary <br /> <br />ACKNOWLEDGMENT BY BANK <br />By its officer's signature below, the Wells Fargo Bank West, N. A. ("Bank") acknowledges that <br />it has received a copy of the foregoing Assignment, and agrees that, upon notice from the <br />Colorado Water Conservation Board ("CWCB") that the Owner is in default under its Loan <br />Contract with the CWCB 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 to <br />the CWCB until advised otherwise by the CWCB and the Owner. The Bank acknowledges that <br />the Certificate of Deposit Account is a special deposit and that the funds deposited therein are <br />to be used solely to secure Owner's Loan from the CWCB, and waives any right of setoff it may <br />have in and to the Account. <br /> <br />Bank: Wells Fargo Bank West, N. A. <br />Q , ",f2.-.- - ^ ~:'r~~ <br />By ~ l!:.. (JIV\ CII~ .~resident <br />Printed Name & Title 6u..c;..Q.'I'\~\~. kg,\)1 ~~ . <br />Date \ ~ 3. D \ <br /> <br />Attest: . <br /> <br />~. -1/ <br />By .' Cl4l~{\..J <br />! 3?'Q L.,com ti. <br />5~earrbo3i Springs, co 80477 <br />