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557467 AMDDT 07/11/2008 11:11:12 AM <br />Page: 1 of 2 R 11,00 D 0.00 T 11.00 <br />Carol Tullis Clerk/Recorder, Montezuma County, Co <br />■Illl���.rK�����r����il�4ti�l�4�,l������Ii�T��ME:rLr�J,Yiti�h �IIII <br />Amendment No. 1 to Deed of Trust <br />Date: <br />Grantor (Borrower): <br />Beneficiary (Lender): <br />Date of Deed of Trust: <br />Recording Date of Deed of Trust: <br />County of Recording ("County"): <br />Deed of Trust Recording Information: <br />Loan Contract: <br />Promissory Note: <br />March 30, 2007 <br />Henry Bolen Ditch Company <br />Colorado Water Conservation Board <br />October 20, 2004 <br />December 6, 2004 <br />Montezuma <br />527614 (2 pages) <br />C150179, dated October 20, 2004, <br />amended March 30, 2007 <br />$43,322.34, 2.5%, 30 years, dated <br />March 30, 2007 <br />This Amendment to the Deed of Trust is between the Grantor and the Public <br />Trustee of the County, State of Colorado. <br />The Original Deed of Trust was recorded to secure repayment of the <br />indebtedness evidenced by Loan Contract and Promissory Note between the <br />Grantor and the Beneficiary. <br />Based upon a principal payment made by Grantor from funds delivered from the <br />United Stated Department of Agriculture, the principal amount of the loan has been <br />reduced. <br />Grantor and Beneficiary have agreed to amend the Original Deed of Trust to <br />$43,322.34 to reflect the revised principal and annual loan payment amount. <br />NOW THEREFORE, the CWCB and Grantor agree that: <br />1. The second full paragraph of the Original Deed of Trust is hereby amended to read <br />as follows: <br />The Grantor has executed a Promissory Note dated March 30, 2007, to secure the <br />repayment of the indebtedness evidenced by Contract No. C150179, dated October <br />20, 2004, as amended on March 30, 2007, for the total principal sum of $43,322.34, <br />to be repaid to the State of Colorado for the use and benefit of the Department of <br />Natural Resources, Colorado Water Conservation Board ("CWCB") the beneficiary <br />herein, whose address is 1313 Sherman Street, Room 721, Denver, CO 80203, <br />payable in 30 annual installments, in accordance with said Promissory Note, or until <br />the loan is paid in full. <br />2. In the event of any conflict, inconsistency, variance, or contradiction between the <br />provisions of this amendment and any of the provisions of the original deed of trust, <br />the provisions of this amendment shall in all respects supersede, govern, and <br />control. <br />Appendix C to Loan Contract C150179 Amendment No. 1 <br />Page 1 of 2 <br />