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
')5'AI / re:v ?f t t>6M7/.?

TOWN OF RANGELY

952059476 C $16.00
SECRETARY OF STATE
05 O'~'" , , . ~,
0- j5lall' l-r. ~r

......,

.....=
.........,
No. ...... City
Businez: 209 E. Main RANGELY
No, ...... dt,

CO 81648
SUI<

~u~Pwrty: State of Colorado for the use and benefit of the
......, Colorado Water Conservation Board

""""'" 1313 Sherman St. Room 721
No.

51-

Denver, CO
dt,

....,

Debtor. for consideration, hereby graIlts to Secured Party a security interest in the following property and any and all additions, accessions and
substitutions thereto or therefor (hereinaftetcalled the ..COlLATERAJ....):

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

-
+', . '.
To secure payment of the .lndebtedness evidenced by a certain promissory note _ of ewo date herewith. payaple (0 the: Sec4fed Partv,
or order, as follows: .As: set forth in the contract between debtor and secured party ror the
emergency repaLr'of the debtor's Raw Water Intake Structure whereby secu(ed party
has loaned debtor the principal sum of $34,000 according to the terms ser"forth
in said contract, in~luding the terms of repayment as set forth in the promissory
note portion of said contract.

DEBTOR EXPRESSLY WARRANTS AND COVENANTS:

I. That except for the security interest granted heIt'by Debtor is, or to the extent that this agreement states that the
Collateral is to be acquired after the date hereof, will be, the owner of the Collateral free fiom any adverse lien. security interest or
encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the
same or any interest therein.

2. The ColIaferal is used or bought primarily for:
o Personal, family or household purposes:
o Use in farming operations;
. 0 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. and Sl=l

City

CounlJl

s..

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

No. UCC 1205. Rev. 3.87. SECURITY AGREEMENT EXHIBIT D
Bradford Publishing, 1743 Waz.ec St., oemer. co 80202 - [phone] - 5-93

t(

~

('nnH;phtl4fl1