Laserfiche WebLink
<br />AMENDMENT NO.1 TO SECURITY AGREEMENT <br /> <br />DEBTOR: THE LAKE MEREDITH RESERVOIR COMPANY <br /> <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> <br />DATE OF ORIGINAL SECURITY AGREEMENT: MAY 1, 2003 <br /> <br />Original Promissory Note: $1,000,000 dated May 1, 2003, Interest at the <br />fate of 4.0% per annum with annual payment <br />for a period of 30 years or until paid in full. <br />ORIGINAL LOAN CONTRACT: C150137, DATED MAY 1, 2003 <br /> <br />7. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to <br />increase the loan amount from $1,000,000 to $1,471,500 and hereby amend the <br />original Security Agreement to document the change in the loan amount. <br /> <br />8. The Parties expressly agree that this Amendment is supplemental to the Security <br />Agreement and all terms, conditions, and provisions thereof, unless specifically <br />modified below, are to apply to this Amendment as though they were expressly <br />rewritten, incorporated, and included herein. <br /> <br />Amended Loan Contract: C150137, dated May 1, 2003, amended <br />December 15, 2003 <br /> <br />Replacement Promissory Note: $1,471,500, dated December 15, 2003, interest <br />at the rate of 4.0% per annum with annual <br />payments for a period of 30 years or until paid in <br />full <br /> <br />Date of Amended Security Agreement: December 15, 2003 <br /> <br />DEBTOR: The Lake Meredith Reservoir <br />Company, a Colorado nonprofit corporation <br /> <br />(SEAL) <br /> <br />By (14 fP~ <br /> <br />Philip Saletta, President <br /> <br />Attest: <br /> <br />By <br />Scott Campbell, Cor <br /> <br /> <br />Appendix B to Loan Contract C150137 Amendment No.1 <br />