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<br />"" <br /> <br />8. This Assignment shall L_ construed in accordance with t,.cl laws of the State of <br />Colorado. <br /> <br />9. The Owner and Lender specifically request the Bank to honor and accept this <br />Assignment and its terms. <br /> <br />Executed this 4th day of November <br />." <br /> <br />, 1996. <br /> <br />BRAVO DITCH COMPANY <br /> <br />By2!~A~ <br /> <br />Kenneth A. Freeman, President <br /> <br />ATTEST: <br />By4~:tcz". .tf)~"-.a...~ <br />, <br />Robert L. Dickinson, Secretary <br /> <br />ACKNOWLEDGEMENT BY <br /> <br />Norwest Bank Colorado, NA ("Bank") has received a copy ofthe foregoing Assignment, <br />and agrees that, upon notice from the Colorado Water Conservation Board ("CWCB") that <br />the Bravo Ditch Company is in default under its Loan Contract/Promissory Note with the <br />CWCB and that the CWCB is exercising its right under the Assignment to withdraw funds <br />contained in the Certificate of Deposit up to $3,081.23, the Bank shall pay such funds <br />directly to the CWCB until advised otherwise. <br /> <br />Norwest Bank Colorado, National Association <br />PO Box 1592, Sterling, CO 80751 <br /> <br />Date November 4, 1996 <br /> <br />By <br /> <br />~ <br /> <br />President <br />