LPPD000449

• Contract/PO #: C150013
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

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SCOTT DOYLE, CLERK
LARIMER COUNTY CO
04/21/2005
10:04:00
*1458529

RCPTN*I 2005-0031900

PAGES - 2 FEE $11.00 DOC $0.00

AMENDMENT No. 1 TO DEED OF TRUST

Date: Navember 1, 2004
Grantor (Borrower): The North Paudre Irrigation Company
Beneficiary (Lender): Colorado Water Conservation Baard
Date of Deed of Trust: Octaber 1, 2001
Recording Date af Deed af Trust: January 10, 2002
Caunty of Recarding ("County"): Larimer
Deed of Trust Recording Information: RCPTN #2002003548 (4 Pages)
Loan Cantract: C150013, dated Octaber 1, 2001, amended
Navember 1, 2004
Pramissory Note: $623,777.90,4.04%,20 Years, dated
November 1 , 2004

This Amendment to the Deed of Trust is between the Grantar and the Public
Trustee af the Caunty, State af Calarada.

The Original Deed af Trust was recarded to. secure repayment af the
indebtedness evidenced by Laan Cantract and Promissary Nate between the Grantar
and the Beneficiary.

The amaunt of the laan to the Grantor was decreased from $1,107,000 to
$623,777.90. The Grantar and Beneficiary have agreed to. amend the Original Deed af
Trust to reflect the loan amaunt of $623,777.90

NOW THEREFORE, the CWCB and Grantor agree that:

1. The secand full paragraph of the Original Deed af Trust is hereby amended to read
as fallaws:

The Grantar has executed a Promissory Note dated Navember 1, 2004, to secure
the repayment af the indebtedness evidenced by Cantract No. e150013, dated
October 1, 2001, as amended an November 1, 2004, far the tatal principal sum of
$623,777.90, to be repaid to' the State of ealorada far the use and benefit af the
Department af Natural Resaurces, ealarado Water Canservation Board ("CWeB")
the beneficiary herein, whose address is 1313 Sherman Street, Roam 721, Denver,
CO 80203, payable in 20 annual installments, in accordance with said Promissary
Note, or until the laan is paid in full.

2. In the event of any conflict, inconsistency, variance, or cantradiction 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.

Appendix C to Loan Contract C150013 Amendment No.1