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561677 RMDDT 02/17/2009 11:07:22 AM
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<br />Carol Tullis Clerk/Reeorder, Montezuma County, Co
<br />~~~~ ~' ~ ~ ~~1~«1~~'I'~~~'~~~~~~~';~~ ~ti~~"~ 1~ ~~ ~
<br />Amendment No. 2 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 Recarding ("County"):
<br />Deed of Trust Recording Information:
<br />Loan Contract:
<br />Promissory Note
<br />C ~n.~c'~ ('~
<br />~."~,_,.., . ~ , ~ _~
<br />January 1, 2009
<br />Mancos Valley Beaver Ditch Company
<br />Colorado Water Conservation Board
<br />August 15, 2005, and amended February 10,
<br />2006
<br />May 23, 2006
<br />Montezuma
<br />540585 (4 pages)
<br />C150185, dated August 15, 2005, and
<br />amended February 10, 2006 and January 1,
<br />2009
<br />$250,490.91, 2.5%, 30 years, Janu~ry 1, 2009
<br />This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of
<br />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 Grantor
<br />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 />$250,490.91 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 January 1, 2009, to secure the
<br />repayment of the indebtedness evidenced by Contract No. C150185 dated August
<br />15, 2005, and amended February 10, 2006 and January 1, 2009, for the total
<br />principal sum of $250,490.91, to be repaid to the State of Colorado for the use and
<br />benefit of the Department of Natural Resources, Colo~ado Water Conservation
<br />Board ("CWCB") the beneficiary herein, whose address is 1313 Sherman Street,
<br />Room 721, Denver, CO 80203, payable in 30 annual installments, in accordance
<br />with said Promissory 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 all respects supersede, govern, and
<br />control.
<br />Appendix C to Loan Contract C150185 Amendment No. 2
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