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RV063000 /F
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The water rights listed above have changed the point of diversion and means
of conveyance and source as granted by the Board of Control in Petition
Docket IV- 91 -1 -9, filed February 20, 1991, granted February 27, 1991.
Permit 5676 Enl., Priority Date June 4, 1940
Temporary Filing Number 27 2/180, Priority Date February 27, 1991
Well permit UW 86364
Well permit UW 91531;
3. The pledge and assignment of the MORTGAGOR of funds currently
held and revenues generated by the operation of the water system, in an
amount sufficient to meet loan amortization requirements, and to provide a
separate fund to meet repair and maintenance costs for the Project. The
MORTGAGOR'S Pledge and Assignment of Revenues is incorporated herein by
reference.
4. Any and all permits required for construction of this Project and
subsequent operation and maintenance of the TOWN OF AFTON water supply
system.
The conditions of this mortgage are such that if the MORTGAGOR well and truly
pays the Promissory Note hereinabove referenced, according to the terms thereof, this
mortgage shall be null and void, otherwise to remain in full force and effect.
MORTGAGOR shall pay all taxes, liens, judgments, assessments or insurance
or any interest thereon, and in case default be made in payment of the principal, or any
installment thereof, or any installment of interest as provided in said Promissory Note,
then the whole sum of principal and interest shall become due and payable at the
option of MORTGAGEE, and MORTGAGEE may proceed pursuant to law, to foreclose
on said property, and out of the proceeds from such foreclosure, the MORTGAGEE
shall retain all sums due it under said Promissory Note, together with the costs and
charges of making such foreclosure, including a reasonable attorney's fee.
The provisions of this mortgage shall apply to and be binding upon the
representatives, successors and assigns of the respective parties hereto.
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