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<br />Dehtor:
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<br />West Divide Water Conservancy District
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<br />K........-~' P.O. Box 1478 Rif le CO 81650-1478
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<br />Secured Part,':
<br />~tate of COlorado for the use and
<br />Colorado Water Conservation Board
<br />"".~, 1313 Shennan St., RID. 721
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<br />benefit of the
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<br />Denver CO 80203
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<br />DebtOr. for consideration. hereby groin(~ to S~cured Party a securiry intere~l in the tol1owlng. prtlf'\:rty and any and all addlllom.. aCCl::~~lonS and
<br />substitutions thercto or therefor (hereinafter called the "COLLATERA.L"'):
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<br />Ii All revenues derived from levies
<br />:' levied by the Board of Directors
<br />;! within the project boundaries in
<br />i! Incorporation and By-Laws.
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<br />and assessments on a per-'acre basis
<br />of the Conservancy District on lands
<br />accordance with the Articles of
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<br />ccrtOl.ln prumi~)ory nme _ of c,'cn datt: h.:n:"w.:~h:'.. ~a~~~~~ to the Secured Parry.
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<br />To secure payment of the Indebtedness evidenced by
<br />or order. as follO\lo'S:
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<br />DEBTOR EXPRESSLY \\'ARRA'\TS A:--1D COVE:--1A:\;TS:
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<br />1. That except for the security interest grdnted hen::by DcblOr is. or lO the extent that this agreement states mat the:
<br />Collatenu is to be acquired after the dale hereof, will be, the Owner of Ibe Collateral free from any adverse hen, securi')' inleres! or
<br />encumbrances: and that Debmr will defend the Collaleral against all claims and demands of all persons at an)1ime claiming the
<br />same or any interest therein.
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<br />The CollaleraJ is used or bought primarily for:
<br />Personal, family or household purposes:
<br />Use in farming operations:
<br />Use in business,
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<br />3, That Debtor's residence is as staled above, and the Collaleral will be kept at the of f ices of the
<br />West Divide Water Conservancy District
<br />P.O. Box 1478 Rifle CO 81650-1478
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<br />4. If any of me Collateral is crops. oil. gas. or minerJls 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
<br />of and Stale of Coloroldo, (0 Wit:
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<br />EXHIBIT C
<br />Page 1 of 2
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<br />:So. lIee 1205. Re\. 03.87. SEClTRITY AGkEl::!\II::"":T
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<br />Ih...JtllrJ Punhdun!:. 17-1.1 WJlee S. , Denver. (0 !to:ll: _( Itlll :'1: ::.~(1I1_ 1.IN
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