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C153771 Contract
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C153771 Contract
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Last modified
3/7/2013 2:09:31 PM
Creation date
10/6/2006 12:16:55 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C153771
Contractor Name
Horse Creek Water Users Association
Contract Type
Loan
Water District
17
County
Crowley
Bill Number
HCL
Loan Projects - Doc Type
Contract Documents
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<br />~='~ I g T '~M~~ <br /> <br />;ll-~U-W" O'~O~M <br /> <br />~u..n::lII=.su.q.l,l- <br /> <br />~u~ 000 .q..q.I.q.'Wl~ <br /> <br />. . <br /> <br />(a) That it shall be lIIlder no obligatiollto aCI, o:Jtcept under process or <br /> <br />order of cOlll1, or lIIltil it has been adequately indemnified 10 ils full satisfaction. and shall <br /> <br />sustain no liability for its failure to ~t pending such process or court order or <br /> <br />indemnification; <br /> <br />(b) That it may in it' sole and absolule discretion. deposit the rroperty <br /> <br />described herein or so much thereof as rClllaius in iLS hands with the then Clerk, or acting <br /> <br />Clerk, of the District Court of the Collnly uf Lincoln, State of Colorado, interplead the <br /> <br />parties hereto, and upon so depositing sllch pruperty and fllina its complaint in interpleader <br /> <br />it shall be relieved of all liability under tllc I=s hereof as to the property so deposited, and <br /> <br />furthennore, thc parties hereto fol' Ihemselves, their heirs. legal representatives, successors <br /> <br />and assigns do hereby sublllillhemselvcs to the jurisdiction of said ~.ollrt. <br /> <br />7.10. escrow AgellL shall invest the escrow depo~it ftmds in interest-paying bank <br /> <br />=unts, certificates ofdeposiL ur other insured interest-raying accounts or instruments, bllt shall <br /> <br />not bc obligated to maximize 1he yield on the escrow depo~il funds. Escrow Agent shall not be <br /> <br />liablc for any taxes, assessml:llts or other llovernmental charges Which may be levied or llBsessed <br /> <br />upon the escrow deposil ur IIIIY pan thereof. or on the income therefrom. <br /> <br />7,11. Escrow Agent may resign under thi~ ~;~crow Agreement by giving written <br /> <br />notiec to all of the other paJties hcrclo, or may be removed by written notice signed by all other <br /> <br />panies, in either clI3e cf'fcttive 30 days after lhe date of said notice. Upon the appointment by the <br /> <br />parti.s of a new oscrow allenl or custodian, ur upon written InstrUcllons by a.1I other parties to <br /> <br />-9- <br /> <br />.'<., <br />
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