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C150190 Contract
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C150190 Contract
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Last modified
3/7/2013 11:10:49 AM
Creation date
7/2/2007 1:28:49 PM
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Template:
Loan Projects
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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AMENDIIAENT NU.1 TO SECURITY AGREEMENT <br />BOARD <br />DEBTOR: BEAVER RESERVOIR COMPANY <br />SECURED PARTY: COLORADO WATER CONSERVATION <br />DATE OF ORIGINAL SECURITY AGREEMENT: .IUNE 13, 2005 <br />Original Promissory Note <br />ORIGINAL LOAN CONTRACT: <br />$129,785, dated June 13, 2005, interest <br />at the rate of 2.5% per annum with <br />annual payment for a period of 30 years <br />or until paid in fuli. <br />C150190 DATED JUNE 13 2005 <br />7. The Parties have amended the ORIGINAL LOAN CONTRACT alld PI'Of111SS01'�/ <br />Note to increase the loan amount from $129,785 to $155,035 and hereby <br />amend the original Security Agreement to document the change of the loan <br />amount. <br />8. The Parties expressly agree that this Amendment is supplemental to the <br />Security Agreement and all terms, conditions, and provisions thereof, unless <br />specifically modified below, are to apply to this Amendment as though they <br />were expressly rewritten, incorporated, and included herein. <br />Amended toan Contract: C150190 dated October 30, 2006 <br />Replacement Promissory Note: $155,035, dated October 30, 2006, <br />interest at the rate of 2.5% per annum <br />with annual payments for a period of 30 <br />years or until paid in full <br />Date of Amended Security Agreement: October 30, 2006 <br />DEBTOR: Beaver Reservoir Company, a <br />Colorado nonprofit corporation <br />SEAL <br />I� <br />: <br />James/Briscoe, <br />cretary/Treasure'r <br />By �- � � <br />Tom Gillespie, President <br />pendix B to Loan Contract C15�190 Amendment No. 1 <br />
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