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LPPD000430
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Last modified
1/31/2011 3:14:55 PM
Creation date
3/26/2007 10:41:16 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150116
Contractor Name
B.F. & M.E. Porter, LLLP
Contract Type
Loan
Water District
45
County
Garfield
Bill Number
SPL
Loan Projects - Doc Type
Contract Documents
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� ���nr=�. . ��..�.. _.., _, n---- <br />617211 12/23/2002 03:39P 81420 P30 M�iLSDORF <br />1 of 4 R 21.00 D 0.00 GARFIELD COUNTY CO <br />Deed of Trust <br />DarE: November 1, 2002 <br />GRANTOR: BILL PORTER AND B.F. AND M.E. PORTER LLLP <br />� BENEFICIARY: COLORADO WATER CONSERVATION BOARD <br />COUNTY: GARFIELD <br />PRINCIPAL LOAN AMOUNT: $1,000,000 <br />Loarv CoNTr�acT: Loan Contract No. C150116, dated November 1, 2002 <br />TERMS: Interest of 2.5% per annum and repayment period of 20 <br />years <br />Co��a,TERa,�: Bill Porter is conveying a 15% interest and B.F. and M.E. <br />Porter, LLLP, is conveying an 85% interest in and to all <br />easements and rights-of-way appurtenant thereto, all <br />improvements thereon, and all other physical and legal <br />features known as the Barton Porter Reservoir located in the <br />SW/4 in Township 6 South, Range 90 West of the 6�' <br />Principal Meridian, Garfield County, Colorado, together with <br />all dams, embankments, gates, and all other structures, <br />appliances, fixtures, the storage, and other property of <br />whatsoever kind used in connection with the operation of said <br />reservoir, an access easement to provide access to the <br />reservoir property via Gafield County Road 314, <br />approximately two miles, across Grantor's property, and the <br />water rights for said reservoir as described on Attachment 1. <br />This indenture is between the GRarvroR, and the Public Trustee of the above <br />referenced CourvN, State of Colorado (" PUBLIC TRUSTEE <br />1. The G�a,NTOR has executed a Promissory Note of even date and amount, set forth in <br />th@ LOAN CONTRACT for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the <br />BENEFICIARY with terms as shown above and in accordance with the Promissory Note <br />or until loan is paid in full. <br />2. The GfzatvTOR is desirous of securing payment of the PRitvciPa� LoaN AnnoutvT and <br />interest of said Promissory Note to the BENEFiciaRV. <br />The GRa,NTOR, in consideration of the premises and for the purpose aforesaid, <br />does hereby grant, bargain, sell and convey unto the said Puauc TRUSTEE in trust forever, <br />the above described Co��aTERa,�. <br />To have and to hold the same, together with all appurtenances, in trust <br />nevertheless, that in case of default in the payment of said Promissory Note, or any part <br />thereof, or the interest thereon, or in the performance of any covenants hereinafter set <br />3� <br />Appendix 3 to Loan Contract C150116 ��; <br />�o �' <br />
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