PROJC01676

• Contract/PO #: C153677
• Contractor Name: Rangely, Town of
• Contract Type: Loan
• Water District: 0
• County: Rio Blanco
• Bill Number: SB 80-67
• Loan Projects - Doc Type: Contract Documents

STATE Of COWRADO

Debtor:

UNIFORM COMMERCIAL CODE - SECURITY AGREEMENT
)'S'N / re'1/ ?f t 6~Ct77/-?

TOWN OF RANGELY

Name:

No.

"....

Q~~nen1L'! r ~1t. 00
1.,J"::'UJ "TiO ... "'-":'\0.1'1 '
~~~RET~O\{ Oc ~TA~I'
~~~I Mn I U H _
~5 Bel 9"" " . "~
U ';Stale l"i= "-I

Address:

Resideroct':

City

B~ness:

209 E. Main
No,

RANGELY

CO 81648

Strffi

City

Slale

SocundParty: State of Colorado for the use and benefit of the
Name: Colorado Water Conservation Board

~.~, 1313 Sherman St., Room 721
No.

Denver, CO 80203

,,"'"

City State

Debtor, for consideration. hereby grantS to Secured Party a security il1terest in the following property and any and all additions. 3ccessions and
substitutions thereto or therefor (hereinafter" called the "CO~ATERAL");

All revenues pledged from water user charges or fees to repay indebtedness of the
Town of Rangeli as approved by a resolution of the Town Board of Trustees pursuant
to C.R.S. " 31-~15-302 et seq, and 31-35-401 et seq.

To secure payment of the-J~d~btedness evidenced by a certain promissory note _ of even dale herewith, paya.ble [0 the Sec'fed Pam,
d as'll .As. set fbrth in the contract between debtor and secured party or t11e
or or er, JO ows: .
emergency repa~r of the debtor's Raw Water Intake Structure whereby secured party

has 103ned debtor the principal sum of $34,000 according to the terms set forth

in said contract, including the terms of repayment as set forth in the promissory

note portion of said contract.

DEBTOR EXPRESSLY WARRANTS AND COVENAN'fS:

I. That except for the security interest granted herel>Y Debtor is. or to the extenl thai Ihis agreement states that the
Collateral is to be acquired after the date hereof, will be, the ow~er of the Collateral free from any adverse lien. security interest or
encumbnmces; and that Debtor will defend the Collateral agai~st all claims and demands of all persons al anytime claiming the
same or any interest therein.

2. The Collareral is used or bought primarily for:
o "'rsonal, family or household purposes:
o Use in farming operations;
D Use in business.
[Xl Other

3. That Debtor's residence is as stated above. and the Collateral will be kept at

209 E. Main

Rangely

Rio Blanco

CO 81648

No. andStreel

Clt}"

Co-unt)'

Slate

4, If any of the Collateral is crops, oil, gas, or minerals to be extracted or timber to be cut, or goods which are or are to
become fixtures, said Collateral concerns the following described real estate situate in the County
of and Slale of Colorado. to wit

No. VCC 1205. Rev. 3.87. SECURITY AGREEMENT EXHIBIT D
Bradford Publishing, 1743 W~ St., Denver, m 80202 - [phone] _ 5-93

e

Cop)'ti~hl 1937