LPPD000430

• 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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AMENDMENT NO. 1 TO DEED OF TRU,ST
Date:
Grantor:
Borrower/Assignee:
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
June 14, 2010
Porter Reservoir LLC and B.F.& M.E. Porter LLLP
B.F. & M.E. Porter LLLP
Colorado Water Conservation Board
November 1, 2002
December 23, 2002
Garfield
617211(4 pages)
C150116, dated November 2, 2002, amended
October 20, 2008
$7g4,22g.82, 2.5%, 15 Years, dated June 14,
2010.
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 Bill Porter, as original borrower, and
the Beneficiary.
The property and collateral subject to the Deed of Trust was conveyed to Grantor on
January 14, 2008 by Deeds recorded as Reception Nos. 741133, 741134 and 741136 of the
Garfield County, Colorado records.
Based upon the death of Bill Porter and the Estate of Bill Porter's financial difficulties,
the CWCB deferred the annual loan payment for the year 2008, which deferral resulted in a
new repayment schedule of 21 years.
Borrower/Assignee has assumed all Loan Contract obligations from the Estate of Bill
Porter by Loan Contract C150116 Amendment No. 1 dated June 14, 2010, and
Borrower/Assignee executed a new promissory note dated June 14, 2010 reflecting the
remaining principal balance of $794,229.82 and repayment term of 15 years.
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the
revised repayment term and loan amount.
NOW THEREFORE, the CWCB and Grantor agree that:
The second full paragraph of the Original Deed of Trust is hereby amended to read as
follows:
The Borrower/Assignee has executed a Promissory Note dated June 14, 2010, to secure
the repayment of the indebtedness evidenced by Contract No. C150116, dated November
1, 2002, as amended on June 14, 2010, for the total principal sum of $794,229.82, to be
repaid to the State of Colorado for the use and benefit of the Department of Natu�al
Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose
address is 1313 Sherman Street, Room 721, Denver, CO 80203, payable in 15 annual
installments, in accordance with said Promissory Note, or until the loan is paid in full.
Appendix B to Loan Contract C150116 Amendment No. 1