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<br />20061~83~2 AMTD
<br />11/21/2006 08:50:40 AM 2 Page(s)
<br />Jefferson County, CoLorado
<br />AMENDMENT No. 1 TO DEED OF TRUST .
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<br />Date: October 12, 2006
<br />Grantor (Borrower): The Consolidated Mutual Water Company
<br />Beneficiary (Lender): Colorado Water Conservation Board
<br />Date of Deed of Trust: September 21,2001
<br />Recording Date of Deed of Trust: September 26, 2001
<br />County of Recording ("County"): Jefferson
<br />Deed of Trust Recording Information: F1325437
<br />Loan Contract: C150011, dated September 13, 1999,
<br />amended April 26, 2000 and September
<br />21,2001
<br />Promissory Note: $2,454,770.67,5.75%,5 Years, dated
<br />October 12, 2006
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<br />This Amendment to the Deed of Trust is between the Grantor and the Public Trustee
<br />of the County, State of Colorado.
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<br />The Original Deed of Trust was recorded tiQ secure repayment of the
<br />indebtedness evidenced by Loan Contract and Pmmissory Note between thH
<br />Grantor and the Beneficiary.
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<br />Based upon the CWCB's deferral of Grantor's annual loan payments for the years
<br />2007, 2008, 2009, 2010 and 2011, which deferrals resulted in a new repayment
<br />schedule and a different annual payment amount, Grantor and Beneficiary have agreed
<br />to amend the Original Deed of Trust to reflect thH revised annual loan payment amount
<br />and repayment schedule.
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<br />NOW THEREFORE, the CWCB and Grantor agrlee that:
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<br />4. The second full paragraph of the Original Deled of Trust is hereby amended to read
<br />as follows:
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<br />The Grantor has executed a Promissory Note dated October 12, 2006, to secure the
<br />repayment of the indebtedness evidenced by Contract No. C150011, dated
<br />September 13, 1999, as amended April 26, 2000, September 21, 2001, and October
<br />12, 2006 for the total principal sum of $2,45>4,770.67, to be repaid to the State of
<br />Colorado for the use and benefit of the Department of Natural Resources, Colorado
<br />Water Conservation Board ("CWCB") the beneficiary herein, whose address is 1313
<br />Sherman Street, Room 721, Denver, CO 80203, payable in 5 annual installments, in
<br />accordance with said Promissory Note, or until the loan is paid in full.
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<br />5. 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, ~Jovern, and
<br />control.
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<br />6. Any provisions of the original deed of trust not expressly modified herein remain in
<br />full force and effect.
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<br />Appendix F to Loan Contract C1150011 Amendment No.3
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