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<br />.' <br />, <br /> <br />,.. <br />,,, ..J <br />, _t-" <br /> <br />, <br />,\ <br /> <br />--. --- <br />--.--- -_.- <br /> <br />.~-- <br /> <br />.------~--- .- <br />-----_. . ..... <br /> <br />. <br /> <br />STAn OF COLORADO <br /> <br />L'l'.'IFOIl.'.1 COMMERCIAL CODE - SECURITY AGREEi"tENT <br /> <br />Debtor: <br />~ The Handv Ditch Companv <br /> <br />........ <br />.- <br /> <br />S<nft <br /> <br />"'" <br />Berthoud <br />G., <br /> <br />- <br /> <br />. <br /> <br />"" <br /> <br />S<nft <br /> <br />..... <br /> <br />- <br /> <br />P.O. Box 1079 <br />"" <br /> <br />co 80~13 _ <br />..... <br /> <br />Secured Party: <br />s-: <br /> <br />State of Colorado for the use and benefit of the <br />Colorado Water Conservation Board <br /> <br />........ <br /> <br />1313 Sherman Street, Room 721 <br />"" ..... <br /> <br />Denver, <br />cu, <br /> <br />co 3020!. <br />.... <br /> <br />Debeor, for consideration. hereby grants to Secured Parry a sccuriry interest in tht: following property and any and all additions. ac=ssioas- <br />substirutions thereto or therefor (hereinafter called the "COu.ATERAL ..): <br /> <br />_ All revenues derived from assessments on stock to repay <br />indebtedness on the Handy (Welch) Dam West (No.1) as approved <br />by the Board of Directors, pursuant to CRS, Section 7-42-104 <br />as amended. <br /> <br />To secure payment of the indeblcdne>5 evidenced by <br />or order. iU foll()\lis; <br /> <br />certain promillsory nUle _ of even dOile herewith. paYJble to the $rcc:1&red -. <br /> <br />DEBTOR EXPRESSLY WARRA:\'TS A:'iD COVENA:\'TS: <br /> <br />I. That except for me security interest granted hereby Debtor is. or to th.: ex-tent that this agret:ment scateS that ic <br />Collateral is to be acquired after the date hereof. will be, the owner of the Collateral free from any adverse lien, securil)' ~ <br />encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons al anytime cbimingtl\e <br />same or any interest therein. <br /> <br />2, The Collateral is used or bought primarily for: <br />o Personal. family or household purposes; <br />[21 Use in farming operations; <br />o Use in business. <br /> <br />), That Deblo,'s residence is as SL1tt:d above, and the Collateral will be kept at <br /> <br />~~~ <br /> <br />Ci~ <br /> <br />c....., <br /> <br />'"" <br /> <br />-I, If any of the Coll3leral is crops. oil. gas, or minerals to be e'trJctcu or timberto be cut, or goods which an: or all: to <br />b~come fixtures. said CoIl::ueral conc~rns rhe following dt:'scrib~d real estate situate in the County <br />of and State of Colorado. to wil: <br /> <br />EXHIBIT G <br /> <br />~u. lice l':U5. R:t:Y. .1.X7. SI-:Cl'Rln' _4.GJu:t:~IE"T <br /> <br />Br;o..H,'rJ Pllr-",hin):. 17" I W~ICo,:!i1 . UC'n"...r. C( J KU:O~ - 1111\1 :.,: :~'~I __ 1':'1" <br /> <br />l,..",llttll"'" <br />