C150113 contract

• Contract/PO #: C150113
• Contractor Name: Lake Arrowhead Water Association
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Contract Documents

$ I IIIIII VIII VIII IIIIIII III IIIIII IIIIIIIII (IIII IIII IIII
~~ 3462188 03/15/2007 02:55P Weld County, CO
1 of 2 R 11.00 D 0.00 Steve Moreno Clerk & Recorder
Amendment No. 1 to Deed of Trust
Date:
Grantor (Borrower):
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:
December 22, 2006
Lake Arrowhead Water Association
Colorado Water Conservation Board
January 1, 2004
March 29, 2004
Weld
3165238 (3 pages)
C150113, dated January 1, 2004,
amended December 22, 2006
$224,495.70, 4.25%, 30 years, dated
December 22, 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 lower project costs, the principal amount of the loan has been
reduced.
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to
$224,495.70 to reflect the revised principal and annual loan payment amount.
NOW THEREFORE, the CWCB and Grantor agree that:
1. The second full paragraph of the Original Deed of Trust is hereby amended to read
as follows:
The Grantor has executed a Promissory Note dated December 22„ 2006, to secure
the repayment of the indebtedness evidenced by Contract No. C150113, dated
January 1, 2004, as amended on December 22, 2006, for the total principal sum of
$224,495.70, 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 20 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. ;,,~,
fig
Appendix C to Loan Contract C1504~Amendment No. 1
Page 1 of 2