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RECEPTION #: 2007002932, 03115/2007 at
<br />This ifKWftm is between the Grantor, and the Public Trustee of the above referenced
<br />COUNTY, State of Colorado (°PUBLIC TRUSTEE"),
<br />FAcTuAL REcITALs
<br />1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the
<br />LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY,
<br />with TERMS OF REPAYMENT and in accordance with the Promissory Note or until loan is paid
<br />in full.
<br />2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of
<br />said Promissory Note to the BENEFICIARY.
<br />The GRANTOR, in consideration of the premises and for the purpose aforesaid, does
<br />hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above
<br />described COLLATERAL.
<br />To have and to hold the same, together with all appurtenances, in trust nevertt>leiess,
<br />that in case of default in the payment of said Promissory Note, or any part thereof, or the
<br />Est thereon, or in the performance of any covenants hereinafter set forth or in said
<br />Promissory Note or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and
<br />demand for sale, said PUBLIC TRusTEE, after adverbsmg notice of said sale weeldy for not less
<br />than four weeks in some newspaper of general circulation in said COUNTY, shah sel said
<br />COLLATERAL in the manner provided by law in effect at the time of filing said notice and demand,
<br />Aplmndix 4 to Loan Contract C150233
<br />Page 1 of 3
<br />01:48:14 PM,
<br />1 OF 3, R $16.00 Doc Code:DT
<br />Sara L. Rosene, Grand County Clerk,
<br />Colorado
<br />Deed
<br />of
<br />Try...
<br />DATE:
<br />January 12, 2007 1c:3
<br />Being re- recorded GRANTOR:
<br />TOM C. HILL
<br />to add
<br />legal. BENEFICIARY:
<br />COLORADO WATER CONSERVATION BOARD
<br />COUNTY:
<br />GRAND GRAND COUM7
<br />PRINCIPAL LOAN AMOUNT:
<br />$862,540
<br />LOAN CONTRACT:
<br />Loan Contract No. C150233, dated January 12, 2007
<br />+,
<br />TERMS OF REPAYMENT:
<br />2.50% per annum for 30 years
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<br />COLLATERAL:
<br />An undivided One - hundred percent intent in the following teal
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<br />property located in Grand County, Colorado:
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<br />212.61 acres located in Lots 16, 17, 18, 19, in Section 6 and Lots 1 & 2 in Section 7,
<br />less a tract described at Book 73, Page 286, all located in Township 2 North, Range
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<br />81 West of the a P.M.
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<br />Also, a second lien, behind the existing lien of Grand Mountain
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<br />Bank, on the remainder of the real property known as the Gore
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<br />Pass Ranch, located in Grand County, Colorado, as further
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<br />described in Schedule C, attached hereto.
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<br />This ifKWftm is between the Grantor, and the Public Trustee of the above referenced
<br />COUNTY, State of Colorado (°PUBLIC TRUSTEE"),
<br />FAcTuAL REcITALs
<br />1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the
<br />LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY,
<br />with TERMS OF REPAYMENT and in accordance with the Promissory Note or until loan is paid
<br />in full.
<br />2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of
<br />said Promissory Note to the BENEFICIARY.
<br />The GRANTOR, in consideration of the premises and for the purpose aforesaid, does
<br />hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above
<br />described COLLATERAL.
<br />To have and to hold the same, together with all appurtenances, in trust nevertt>leiess,
<br />that in case of default in the payment of said Promissory Note, or any part thereof, or the
<br />Est thereon, or in the performance of any covenants hereinafter set forth or in said
<br />Promissory Note or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and
<br />demand for sale, said PUBLIC TRusTEE, after adverbsmg notice of said sale weeldy for not less
<br />than four weeks in some newspaper of general circulation in said COUNTY, shah sel said
<br />COLLATERAL in the manner provided by law in effect at the time of filing said notice and demand,
<br />Aplmndix 4 to Loan Contract C150233
<br />Page 1 of 3
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