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S Dominguea �nison County, CO 5 72100 <br />1!8/07 1:47 PM ` Pg: ! af 2 <br />�2g R: $11.00 D: $0.00 <br />■III !��°� �� � P� ��a�'�PI�� � ����Pr� � I����'�I I� i <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 />October 30, 2006 <br />Beaver Reservoir Company <br />Colorado Water Conservation Board <br />June 13, 2005 <br />April 28, 2006 <br />Gunnison <br />564699 (2 pages) <br />C15190, dated June 13, 2005, amended <br />October 30,2006 <br />$155,035, 2.5%, =30 Years, dated <br />Octo�er 30, 2006 <br />This Amendment to the Deed of Trust is between the Grantor and the Public Trustee <br />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 unforeseen cost overruns during constructiqn the CWCB agreed to amend <br />the contract to increase the amount of the loan by $25,000 plus the 1% loan service fee <br />for a total loan amount of up to $155,035. <br />Grantor and Beneficiary have agreed to amend the Original Deed o€ Trus� fio <br />reflect the revised annual loan payment amount and repayment schedule. <br />NOW THEREFORE, the CWCB and Grantor agree that: <br />1. Paragraph 1 of the Factual Recitals of the Original Deed of Trust is hereby <br />amended to read as follows: <br />The Borrower has executed a Promissory Note dated October 30, 2006, to secure <br />the repayment of the indebtedness evidenced by Contract No. C150190, dated <br />June 13, 2005, and amended on October 30, 2006 for the total principal sum of <br />$155,035, to be repaid to the State of Colorado for the use and benefit of the <br />Department of Natural Resources, �olarado Water Conservation Board ("CWCB") <br />the beneficiary herein, whose address is 1313 Sherman Street, Room 721, Denver, <br />CO 80203, payable in 30 annual installments, in accordance with said Promissory <br />Note, or until 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 ail respects supersede, govern, and <br />control. <br />3. Any provisions of the original deed of trust not expressly modified herein remain in <br />full force and effect. <br />Executed on the date first written above. <br />Appendix C to Loan Contract C150190 Amendment No. 1 <br />