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<br />3540345 03107/2008 02:55P Weld County, CO
<br />1 of 2 R 11.00 0 0.00 Steve Moreno Clerk & Recorder
<br />AMENDMENT No.1 TO DEED OF TRUST
<br />
<br />Date: January 4, 2008
<br />Grantor (Borrower): Larimer & Weld Irrigation Company
<br />Beneficiary (Lender): Colorado Water Conservation Board
<br />Date of Deed of Trust: December 15, 2004
<br />Recording Date of Deed of Trust: April 21,2005
<br />County of Recording ("County"): Weld
<br />Deed of Trust Recording Information: 3279506, 3 pages
<br />Loan Contract: C150189, dated December 15, 2004,
<br />amended January 4, 2008
<br />Promissory Note: $1,620,492, 2.5%, 30 Years, dated
<br />January 4, 2008
<br />
<br />This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of
<br />the County, State of Colorado.
<br />
<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 />
<br />Based upon an increase in the loan amount, Grantor and Beneficiary have agreed to
<br />amend the Original Deed of Trust to reflect the revised promissory note amount and annual
<br />loan payment amount.
<br />
<br />NOW THEREFORE, the CWCB and Grantor agree that:
<br />
<br />1. The first Factual Recital of the Original Deed of Trust is hereby amended to read as follows:
<br />
<br />The Grantor has executed a Promissory Note dated January 4, 2008, to secure the
<br />repayment of the indebtedness evidenced by Contract No. C150189, dated December 15,
<br />2004, as amended on January 4, 2008, for the total principal sum of $1,620,492, to be
<br />repaid to the State of Colorado for the use and benefit of the Department of Natural
<br />Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose
<br />address is 1313 Sherman Street, Room 721, Denver, CO 80203, payable in 30 annual
<br />installments, in accordance with said Promissory Note, or until the loan is paid in full.
<br />
<br />2. In the event of any conflict, inconsistency, variance, or contradiction between the provisions
<br />of this amendment and any of the provisions of the original deed of trust, the provisions of
<br />this amendment shall in all respects supersede, govern, and control.
<br />
<br />3. Any provisions of the original deed of trust not expressly modified herein remain in full force
<br />and effect.
<br />
<br />Executed Q.~itJiMhd"J.e first written above.
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<br />~ C\:} .." .... '0 ~ GRANTOR: Larimer & Weld Irrigation Company
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<br />APf'eil?I(l'~,,:c" to Loan Contract C150189 Amendment No.1
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