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<br />.. of <br /> <br />7. This Assignment shall be binding upon Owner and its successors, assigns, trustees, and <br />receivers. <br /> <br />8. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />g. The Owner and Lender specifically request the Bank to honor and accept this Assignment <br />and its terms. <br /> <br />Executed this II <br /> <br />day of <br /> <br />T~ <br /> <br />1998. <br /> <br />(SEAL) <br /> <br />The Buffalo Mutual Irrigation Company, a <br />Colorado nonprofit corporation <br /> <br />By <br /> <br /> <br />Attest: <br /> <br /> <br />ACKNOWLEDGMENT BY BANK <br /> <br />By its officer's signature below, the Colorado East Bank and Trust ("Bank") acknowledges that it has <br />received a copy of the foregoii"rg Assignment, and agrees that, upon notice from the Colorado Water <br />Conservation Board ("CWCB") the Buffalo Mutual Irrigation Company is in default under its Loan <br />Contract with the CWCB and that the CWCB is exercising its right under the Assignment to withdraw <br />funds contained in the Certificate of Deposit, the Bank shall pay such funds directly to the CWCB until <br />advised otherwise. <br /> <br />AHes'c; <br /> <br /> <br />Colorado East Bank and Trust <br /> <br />~~VICE. President <br />Printed Name & TitleKAMMIE D. SITTS, V.P. <br />Date JUNE 12, 1998 <br /> <br /> <br />I~orporate Secret <br />