C150161 Contract

• Contract/PO #: C150161
• Contractor Name: Greeley and Loveland Irrigation Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

AMENDMENT No.1 TO DEED OF TRUST

Date: October 30, 2006
Grantor (Borrower): GREELEY & LOVELAND IRRJG. CO.
Beneficiary (Lender): Colorado Water Conservation Board
Date of Deed of Trust: February 18, 2005
Recording Date of Deed of Trust: April 27, 2005
County of Recording ("Countyl: Larimer
Deed of Trust Recording Information: Reception # 2006-0031260 (2 pages)
Loan Contract: C150161, dated February 18, 2005, and
amended October 30, 2006
Promissory Note: $2,600,899.08, 3.0%, 30 Years, dated
October 30,2006

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 the
Grantor and the Beneficiary.

Based upon the Grantor borrowing less funds than were initially authorized,
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the
revised annual loan payment amount.

NOW THEREFORE, the CWCB and Grantor agree that:

1. The first full paragraph of the Original Deed of Trust is hereby amended to read as
follows:

The Grantor has executed a Pron;lissory Note dated October 30, 2006, to secure the
repayment of the indebtedness evidenced by Contract No. C150161, dated
February 18, 2005, as amended October 30, 2006 for the total principal sum of
$2,600,899.08, to be repaid to the State of Colorado for the use and benefit of the
Department of Natural Resources, Colorado Water Conservation Board ("CWCB")
the beneficiary herein, whose address is 1313 Sherman Street, Room 721, Denver,
CO 80203, payable in 30 annual installments, in accordance with said Promissory
Note, or until the loan is paid in full.

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

3. Any provisions of the original deed of trust not expressly modified herein remain in
full force and effect.

Executed on the date first written above.

Appendix C to Loan Contract C150161 Amendment No.1

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