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promises and agreements herein set forth. <br />2. It is expressly agreed by the parties that this Amendment is supplemental to the <br />ORIGINAL CONTRACT and all terms, conditions, and provisions thereof, unless <br />specifically modified herein, are to apply to this Amendment as though they were <br />expressly rewritten, incorporated, and included herein. <br />3. The CWCB agrees that it shall extend the time for completion of the BORROWER'S <br />Project for an additional two (2) years. <br />4. The CWCB agrees that it shall loan the BORROWER an additional loan amount of <br />$28,280 including the 1% loan service fee for a loan amount of $255,530 to finance <br />up to 90% Of Project costs (ADDITIONAL LOAN AMOUNT). The terms for the ADDITIONAL <br />LOAN AMOUNT are an interest rate of 2.50% per annum for a term of 30 years. The <br />BORROWER hereby agrees to repay the loan in accordance with the terms of the <br />ORIGINAL CONTRACT as herein amended and the attached Promissory Note. <br />5. The BORROWER has adopted a resolution, irrepealable for the term of this loan, <br />authorizing the BORROWER to enter into this contract amendment to borrow the <br />ADDITIONAL LOAN AMOUNT, to establish and collect assessments sufficient to pay the <br />annual loan payments, to pledge said assessments for repayment of the loan, and to <br />execute documents necessary to convey a security interest in said assessments and <br />collateral, if necessary, to the CWCB. Said resolution is attached as Appendix A. <br />6. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit <br />to the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) <br />the person(s) signing for the BORROWER was duly elected or appointed and has <br />authority to sign such documents on behalf of the BORROWER and to bind the <br />BORROWER; (2) the BORROWER's governing body has validly adopted a resolution <br />approving this Amendment; (3) there are no provisions in the any state or local law <br />that prevent this Amendment from binding the BORROWER; and (4) this Amendment <br />will be valid and binding against the BORROWER if entered into by the CWCB. <br />7. The BORROWER agrees that it shall execute the following documents, all of which shall <br />set forth the loan amount of $255,530 which includes the 1% loan service fee: <br />a. Promissory Note, attached as Appendix B and incorporated herein, which shall <br />replace and supersede the Promissory Note in the amount of $227,250 dated <br />December 15, 2008, attached to the ORIGINAL CONTRACT as Appendix 2. <br />b. Amended Security Agreement, attached hereto as Appendix C and incorporated <br />herein, which shall supplement and operate in conjunction with the Security <br />Agreement dated December 15, 2008, attached to the ORIGINAL CONTRACT as <br />Appendix 4. <br />8. The parties agree that the ORIGINAL CONTRACT, is and shall be modified, altered, and <br />changed in the following respects only: Section 11, Time for Performance, is revised <br />to read as follows: <br />PROJECT Finish: Four (4) years from the Effective Date of this Contract. <br />9. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, <br />variance, or contradiction between the provisions of this Amendment and any of the <br />provisions of the ORIGINAL CONTRACT, the provisions of this Amendment shall in all <br />respects supersede, govern, and control. The SPECIAL PROVISIONS shall always be <br />controlling over other provisions in the contract or amendments. The representations <br />in the SPECIAL PROVISIONS concerning the absence of bribery or corrupt influences and <br />Page 2 of 6 <br />