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676455 04/28/200610:00AB964 PSll AMENDMTDT ~ 1 of 2 R 11.00 D 0.00 N 0.00 LOlan Counly CO AMENDMENT No.1 TO DEED OF TRUST Date: September 1, 2005 Grantor (Borrower): Kenneth Guenzi, David Guenzi and John Guenzi Beneficiary (Lender): State of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board Date of Original Deed of Trust: October 29, 2004, Appendix 3a County of Recording ("County"): Logan Loan Contract: C150174, dated October 29,2004, amended September 1, 2005 Promissory Note: $352,000 at 2.5%, 30 Years, dated September 1 , 2005 This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of Logan 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. The amount of the loan to the Grantor was increased from $334,739 to $352,000. The Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the loan amount of $352,000. 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 Promissory Note dated September 1, 2005, to secure the repayment of the indebtedness evidenced by Contract No. C150174, dated October 29, 2004, as amended on September 1, 2005, for the total principal sum of $352,000, 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. Appendix C to Loan Contract C150174 Amendment No. 1 Page 1 of 2