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<br />~ I 111m 11111 1111111 1111 11111 1111 1111111 11111111 1111 1111 <br />3025440 01/21/2003 02:07P Weld County, CO . <br />1 of 3 R 16.00 0 0.00 Steve Moreno Clerk & Recorder <br /> <br />Deed of Trust <br /> <br />DATE: January 1, 2003 <br />GRANTORS: SHULTZ FARM, INC. <br />BENEFICIARY: COLORADO WATER CONSERVATION BOARD <br /> <br />COUNTY: WELD COUNTY <br /> <br />PRINCIPAL LOAN AMOUNT: $400,000 <br /> <br />LOAN CONTRACT: Loan Contract No. C150124, dated January 1, <br />2003 <br /> <br />TERMS: Interest of 2.75% per annum and repayment <br />period of 30 years <br /> <br />COLLATERAL: An undivided one hundred percent (100%) <br />interest in and to 152 acres of irrigated farmland <br />located in the SE ~ of Section 16, Township 4 <br />North, Range 67 West, 6th Principal Meridian, <br />Weld County, Colorado <br /> <br />This indenture is between the GRANTOR, and the Public Trustee of the above <br />referenced COUNTY, State of Colorado ("PUBLIC TRUSTEE"), <br /> <br />Factual Recitals <br /> <br />1. The GRANTOR has executed a Promissory Note of even date and amount, set forth <br />in the LOAN COI;'JTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the <br />BENEFICIARY, with terms as shown above and in accordance with the Promissory <br />Note or until loan is paid in full. <br /> <br />2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and <br />interest of said Promissory Note to the BENEFICIARY. <br /> <br />The GRANTOR, in consideration of the premises and for the purpose aforesaid, <br />does hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust <br />forever, the above described COLLATERAL. <br /> <br />Appendix 4 to Loan Contract C150124 <br /> <br />~_. <br />