C150190 Contract

• Contract/PO #: C150190
• Contractor Name: Beaver Reservoir Company
• Contract Type: Loan
• Water District: 59
• County: Gunnison
• Loan Projects - Doc Type: Contract Documents

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AMENDMENT NO. 2 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
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March 14, 2008
Beaver Reservoir Company
Colorado Water Conservation Board
June 13, 2005, and amended October
30, 2006
April 28, 2005, and amended recording
January 8, 2007
Gunnison
564699 (2 pages) and 572100 (2 pages)
C150190, dated June 13, 2005,
amended October 30, 2006 and March
14, 2008
$510,035, 2.5%, 30 Years, dated March
14, 2008
This Amendment to the Deed of Trust is befinreen the Grantor and the Public Trustee of
the County, State of Colorado.
The Original Deed
indebtedness evidenced by
and the Beneficiary.
of Trust was recorded to secure repayment of the
Loan Contract and Promissory Note between the Grantor
As a result of unforeseen cost overruns during construction, Grantor requested an
increase to the loan amount which is evidenced by a new Promissory Note.
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the
revised loan 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 March 14, 2008, to secure the
repayment of the indebtedness evidenced by Contract No. C150190, dated June 13, 2005,
as amended on October 30, 2006 and March 14, 2008 for the total principal sum of
$510,035, 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.
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.
Executed on the date first written above.
Appendix C to Loan Contract C150190 Amendment No. 2