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<br />unless specifically modified herein, are to apply to this Amendment as though they <br />were expressly rewritten, incorporated, and included herein. <br /> <br />3. It is agreed the Original Contract, as amended is and shall be modified, altered, and <br />changed in the following respects only: <br /> <br />a. Paragraph A.5 is modified by the addition of the following sentence: <br /> <br />The CWCB hereby agrees to provide an executed Request For Release of Deed <br />of Trust and Release, attached hereto as Appendix 1 and incorporated herein to <br />release the property encumbered by the deed of trust to the Contractor in <br />consideration of the Contractor providing substitute collateral to assure <br />repayment of the loan. <br /> <br />b. Paragraph A.5 is modified by the addition of the following sentence: <br /> <br />Part of the security provided for this loan, as evidenced by the Deed of Trust, <br />executed by the Contractor, attached as Appendix 2 and incorporated herein, <br />shall be an undivided one hundred percent (100%) interest in Fossil Creek Dam <br />and Reservoir, as more particularly described in the attached Deed of Trust, <br />hereinafter referred to as "collateral." <br /> <br />c. Paragraph A.11 is replaced by the following paragraph: <br /> <br />The Contractor promises to pay the State the principal sum of One Million One <br />Hundred Fifty Two Thousand Nine Hundred Eight and 78/100 Dollars <br />($1,152,908.78) plus interest at the rate of five percent (5%) per annum for a term <br />of forty (40) years. Principal and interest shall be payable in equal installments of <br />$67,191.51, with the first payment due and payable May 1, 1987, and annually <br />thereafter until all principal and interest have been paid in full, with all such <br />principal and interest required to be paid within 40 years. Payments shall be made <br />payable to the Colorado Water Conservation Board and mailed to 1313 Sherman <br />Street, Room 721, Denver, Colorado 80203. The outstanding loan amount may <br />be prepaid in whole or in part at any time without premium or penalty. Any partial <br />prepayment shall not postpone the due date of any subsequent payments or <br />change the amount of such payments. All payments received shall be applied first <br />to accrued interest and then to reduce the principal amount. As of the date of this <br />amendment, the outstanding principal balance on this loan was $946,971.73. <br /> <br />d. Paragraph I of to the Original Contract is revised to read as follows: <br /> <br />Upon complete repayment to the STATE of the entire principal and all accrued <br />interest, the STATE agrees to convey to the Contractor all of the STATE'S right, title, <br />and interest in and to the project by deed or other proper conveyance and to <br />execute a release of deed of trust to convey to the CONTRACTOR all of the STATE'S <br />right, title, and interest in and to the property described in the Deed of Trust. <br /> <br />e. The Special Provisions are amended by the addition of the following: <br /> <br />. 11. Pursuant to CRS 24-30-202.4 (as amended), the state controller may <br />withhold debts owed to state agencies under the vendor offset intercept system <br />for: (a) unpaid child support debt or child support arrearages; (b) unpaid balance <br />of tax, accrued interest, or other charges specified in Article 22, Title 39, CRS; <br /> <br />r// <br /> <br />V"'.' <br />