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a. The second sentence of Paragraph A.1, Time for Project Completion, shall be amended to read as follows: 'Therefore, the Borrower shall finalize the Project water rights purchases within four (4) years of the date of this contract." b. The first two sentences of the second paragraph of Paragraph A.3, BORROWER'S Liability Insurance, are amended to read as follows: 'The BORROWER shall provide the CWCB with an Acord Form 27 evidencing said insurance and shall provide the CWCB with documentation of renewals of said insurance." . c. Line 5 of Paragraph A.4.e, BORROWER'S Authority to Contract, is revised to remove the requirement for an Assignment of Deposit Account as Security, and is amended to read as follows: "a Security Agreement to secure the revenues pledged. . ." d. Paragraph A.6, Promissory Note Provisions shall be amended to read as follows: "The Promissory Note, setting forth the terms of repayment and evidencing this loan is dated February 1, 2003, in the total loan amount of $399,000, with an interest rate of 4.75% per annum on $305,250 and an interest rate of 5.5% on $93,750, and a repayment term of 30 years, is attached as Appendix 2 and incorporated herein. e. The second line of Paragraph A.6.a, Interest During Construction, shall be amended to read as follows: "the BORROWER during PROJECT completion, interest shall accrue at the rate of 4.75% on the first $305,250 disbursed to the BORROWER and at the rate of 5.5% on the remaining $93,750 disbursed to the BORROWER. The amountofthe interest ..." f. Line 4 of Paragraph A.9.b, Estab.lish Security Interest, shall be revised to remove the requirement for an Assignment of Deposit Account as Security, and shall be amended to read as follows: "hereto as Appendix D incorporated herein. The BORROWER acknowledges that. . ." g. The first line of Paragraph B.1 shall be amended to read as follows: 'The CWCB agrees to loan to the BORROWER up to $399,000 with an interest rate of 4.75% per annum on $305,250 and an interest rate of 5.5% on $93,750 and a repayment term of 30 years to finance PROJECT costs." 8. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or contradiction between the provisions of this Amendment and any of the provisions of the ORIGINAL CONTRACT, as amended, the provisions of this Amendment shall in all respects supercede, govern, and control. The SPECIAL PROVISIONS shall always be controlling over other provisions in the contract or amendments. The representations in the SPECIAL PROVISIONS concerning the absence of bribery or corrupt influences and personal interest of STATE employees are presently reaffirmed. 9. Financial obligations of the state payable after the current fiscal year are contingent upon funds for that purpose being appropriated, budgeted, and otherwise made available. 10. This amendment shall not be deemed valid or effective until it shall have been Page 3 of4