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583793 AMDDT 07/16/2012 10:01:42 AM <br />Page: 1 of 3 R 21.00 D 0.00 T 21.00 <br />Carol Tullis Clerk /Recorder, Montezuma County, Cc <br />1III wry FIEkVIww"Ilk W4LMN N Mh 5 111 <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 />July 9, 2012 <br />Black Dike Pipeline Company <br />Colorado Water Conservation Board <br />August 31, 2007 <br />February 14, 2008 <br />Montezuma <br />554400 (3 pages) <br />C150249, dated August 31, 2007 and <br />amended July 9, 2012 <br />$266,330.22, 2.85 %, 30 years, July 9, 2012 <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 />The Debtor did not borrow the full amount available under the Loan Contract, <br />and the principal amount of the loan has been reduced. <br />Grantor and Beneficiary have agreed to amend the Original Deed of Trust to <br />$266,330.22 to reflect the revised principal and annual loan payment amount. <br />NOW THEREFORE, the CWCB and Grantor agree that: <br />1. .The first full paragraph of the Original Deed of Trust is hereby amended to read as <br />follows: <br />The Grantor has executed a Promissory Note dated July 9, 2012, to secure the <br />repayment of the indebtedness evidenced by Contract No. C150249 dated, August <br />31, 2007 and amended July 9, 2012, for the total principal sum of $266,330.22, to <br />be repaid to the State of Colorado for the use and benefit of the Department of <br />Natural Resources, Colorado Water Conservation Board ( "CWCB ") the beneficiary <br />herein, whose address is 1313 Sherman Street, Room 721, Denver, CO 80203, <br />payable in 30 annual installments, in accordance with said Promissory Note, or until <br />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 />3. Any provisions of the original deed of trust not expressly modified herein remain in <br />full force and effect. <br />Appendix C to Loan Contract C150249 Amendment No. 1 <br />Page 1 of 2 <br />