C150195 Contract

• Contract/PO #: C150195
• Contractor Name: Lower Sacramento Creek Reservoir Company
• Contract Type: Loan
• Water District: 23
• County: Park
• Loan Projects - Doc Type: Contract Documents

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638467 3/15/2007 1:12 PM Debra r~ Green
1 of Z AMEND R$11.00 D$0.00 Park County Clerk
Amendment No. 1 to Deed of Trust
Date:
Grantor (Borrower):
Beneficiary (Lender):
Date of Deed of Trust:
Recording Date of Deed of Trust:
County of Recording ("County"):
Deed of Trust Recording Information:
Loan Contract:
Promissory Note
January 1, 2007
Lower Sacramento Creek Reservoir Company
Colorado Water Conservation Board
May 1, 2005
May 1, 2006
Park
626701 (3 pages)
C150195, dated May 1, 2005, amended
January 1, 2007
$284,621, 3.75%, 20 years, dated
January 1, 2007
This Amendment to the Deed of Trust is between the Grantor and the Public
Trustee of the County, State of Colorado.
The Original Deed of Trust was recorded to secure repayment of the
indebtedness evidenced by Loan Contract and Promissory Note between the
Grantor and the Beneficiary.
Based upon lower project costs, the principal amount of the loan has been
reduced.
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to
$284,621 to reflect the revised principal and annual loan payment amount.
NOW THEREFORE, the CWCB and Grantor agree that:
1. The second full paragraph of the Original Deed of Trust is hereby amended to read
as follows:
The Grantor has executed a Promissory Note dated January 1, 2007, to secure the
repayment of the indebtedness evidenced by Contract No. C150195, dated May 1,
2005, as amended on January 1, 2007, for the total principal sum of $284,621, to be
repaid to the State of Colorado for the use and benefit of the Department of Natural
Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein,
whose address is 1313 Sherman Street, Room 721, Denver, CO 80203, payable in
20 annual installments, in accordance with said Promissory Note, or until the loan is
paid in full.
2. In the event of any conflict, inconsistency, variance, or contradiction between the
provisions of this amendment and any of the provisions of the original deed of trust,
the provisions of this amendment shall in all respects supersede, govern, and
control.
3. Any provisions of the original deed of trust not expressly modified herein remain in
full force and effect.
Appendix C to Loan Contract C150195 Amendment No. 1
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