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<br />/" <br /> <br />occasion shall not constitute a waiver on any other occasion. <br /> <br />7. The rights and remedies of the Secured Party stated in this Assignment are in addition to any. <br />other rights the Secured Party may have under the Loan Contract or any law. <br /> <br />8. This Assignment shall be binding upon Debtor and its successors, assigns, trustees, and <br />receivers. <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this <br />Assignment and its terms. <br />Executed this 4~j day of <br /> <br />(S EAL) <br /> <br />'-1l~ LuJ <br /> <br />The Greeley and Loveland Irrigation Company, <br />a Colorado nonprofit corporation <br /> <br />P1i~-,- J/M-); <br />David Bernhardt, President <br /> <br />1998. <br /> <br />Attest: <br /> <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the Community First National Bank of Greeley ("Bank") acknowledges <br />that it has received a copy of the foregoing Assignment and agrees that neither the Debtor nor anyone <br />else (except Secured Party) has any right to withdraw any funds from the above-described Account listed <br />above until the Secured Party releases this agreement in writing, except that, at the Debtor's request, the <br />Bank shall allow the transfer of the annual payments for the Loans in the amount of $2,778.31 and <br />$18,268.60 to Secured Party. The Bank acknowledges that the Account is a special deposit and that the <br />funds deposited therein are to be used solely for Debtor's repayment to the Secured Party of the Loans, <br />and waives any right of setoff it may have in and to the Account. <br /> <br />Community First National Bank of Greeley <br /> <br /> <br />~r(c..---'> " ;p. ~,k....President <br />/ Print~d Name & Title ..::r1\\\oIe.~ K. {41<LJ'\lHO~ Sf< V"? <br />/ Date /1/ C'\ / .;:S <br />I . <br /> <br />Attest: <br /> <br />By ~!w0.0, .:StJ-><:.Ul~ <br />Gorpor3te Secretol'y <br />1--0.-"'--' cttl(l'~ <br />