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RECEPTION #: 816822, 06/25/2010 at
<br />08:45:20 AM, 1 OF 2, DTAM R $96.00
<br />FRANCINE TIPTON -LONG, MONTROSE
<br />COUNTY, CO CLERK AND RECORDER
<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 />June 25, 2010
<br />Tom C. Hill
<br />Colorado Water Conservation Board
<br />May 30, 2008
<br />October 3, 2008
<br />Montrose
<br />795546 (2 pages)
<br />C150233, dated January 12, 2007, amended
<br />May 30, 2008 and June 25, 2010
<br />$862,540, 2.0 %, 11 Years, dated June 25,
<br />2010
<br />This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of the
<br />County, State of Colorado.
<br />The Original Deed of Trust was recorded to secure repayment of the indebtedness
<br />evidenced by Loan Contract and Promissory Note between the Grantor and the Beneficiary.
<br />Based upon Grantor's request for the Beneficiary to defer the principal portion of the
<br />May 2010 annual loan payment, the parties have agreed to amend the original Loan Contract
<br />and Promissory Note to a term of 11 years.
<br />Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the
<br />revised term of repayment.
<br />NOW THEREFORE, the CWCB and Grantor agree that:
<br />4. The first factual recital of the Original Deed of Trust is hereby amended to read as follows:
<br />The Grantor has executed a Promissory Note dated June 25, 2010, to secure the repayment
<br />of the indebtedness evidenced by Contract No. C150233, dated January 12, 2007, as
<br />amended on May 30, 2008 and June 25, 2010 for the total principal sum of $862,540, 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 11 annual
<br />installments, in accordance with said Promissory Note, or until the loan is paid in full.
<br />5. 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 />6. Any provisions of the original deed of trust not expressly modified herein remain in full force
<br />and effect.
<br />Executed on the date first written above.
<br />GRANTOR: Tom C. Hill, a Colorado individual
<br />By 7,—, C 744-e
<br />Appendix 4 to Loan Contract C150233 Amendment No. 2
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