Laserfiche WebLink
<br />, , . <br /> <br />AMENDMENT NO.1 TO SECURITY AGREEMENT <br /> <br />DEBTOR: Columbine Ranches Property Owners <br />Association, a Colorado nonprofit corporation <br /> <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> <br />DATE OF ORIGINAL SECURITY AGREEMENT: APRIL 28, 2000 <br /> <br />ORIGINAL PROMISSORY NOTE: $305,250, DATED JULY 20, 2000, INTEREST AT <br />THE RATE OF 4.75% PER ANNUM WITH ANNUAL <br />PAYMENT FOR A PERIOD OF 30 YEARS OR UNTIL <br />PAID IN FULL. <br /> <br />ORIGINAL LOAN CONTRACT: C150010, DATED JUNE 6,2000 <br /> <br />COLLATERAL: All revenues derived from assessments on <br />stock and all of DEBTOR'S right to receive said <br />assessment revenues to repay the loan as <br />described in Pledge of Property provisions of <br />the LOAN CONTRACT. <br /> <br />1. The Parties have amended the ORIGINAL LOAN CONTRACT to increase the loan amount <br />from $305,250 to $399,000 and hereby amend the Original Security Agreement to <br />document said revision. <br /> <br />2. The Parties expressly agree that this Amendment is supplemental to the Security <br />Agreement and all terms, conditions, and provisions thereof, unless specifically <br />modified below, are to apply to this Amendment as though they were expressly <br />rewritten, incorporated, and included herein. <br /> <br />Amended Loan Contract: C150010, dated June 6, 2000, amended <br />February 1, 2003 <br /> <br />Replacement Promissory Note: $399,000, dated February 1, 2003, with interest <br />at the rate of 4.9% per annum with annual <br />payments for a period of 30 years or until paid in <br />full <br /> <br />Date of Amended Security Agreement: February 1, 2003 <br /> <br />DEBTOR: Columbine Ranches Property <br />Owners ciation, a Colorado nonprofit <br />cor ati9n i <br /> <br />SEAL <br /> <br /> <br />K~. <br /> <br />. corporat~qd5e. <br /> <br />Appendix 3 to Loan Contract C15001 0 Amendment No.1 <br />