C150311 Contract

• Contract/PO #: C150311
• Contractor Name: Grand River Ditch Company
• Contract Type: Loan
• Water District: 39
• County: Garfield
• Loan Projects - Doc Type: Contract Documents

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Reo,ption #: 825363
10/09/2012 04:18:31 PM Jean Alberico
1 of 2 Rec Fee:$16.00 Doc Fee:0.00 GARFIELD COUNTY CO
AMENDMENT NO.1 TO DEED OF TRUST
Date:
Grantor (Borrower):
Beneficiary (Lender):
Date of Deed of Trust:
Recording Date of Deed of Trust:
County of Recording ( "County "):
Deed of Trust Recording Information:
Loan Contract:
Promissory Note:
July 23, 2012
Grand River Ditch Company
Colorado Water Conservation Board ( "CWCB ")
September 17, 2010
November 15, 2010
Garfield County
Reception # 794398
C150311, dated September 17, 2010 and
amended July 23, 2012
$91,973.23, 4.20 %, 30 Years, dated July 23,
2012
This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of the
County, State of Colorado.
The Original Deed of Trust was recorded to secure repayment of the indebtedness evidenced
by Loan Contract C150311 and the Promissory Note attached thereto as Appendix 2.
CWCB disbursed $360,301.23 of the $518,130 available to the Grantor pursuant to loan
contract C150311. Grantor has made payments of $25,000.00 and $243,328.00 to CWCB to
reduce the principal amounted owed to CWCB pursuant to loan contract C150311 to
$91,973.23, as evidenced by Amendment No.1 to said loan.
Accordingly, Grantor and Beneficiary have agreed to amend the Original Deed of Trust to
reflect the revised loan amount and annual loan payment.
NOW THEREFORE, the CWCB and Grantor agree that:
1. The second full paragraph of the Original Deed of Trust is hereby amended to read as
follows:
The Grantor has executed a Promissory Note dated July 23, 2012, to secure the
repayment of the indebtedness evidenced by Contract No. C150311, dated September
17, 2010, and amended July 23, 2012, for the total principal sum of $91,973.23, to be
repaid to the State of Colorado for the use and benefit of the Department of Natural
Resources, Colorado Water Conservation Board ( "CWCB ") the beneficiary herein,
whose address is 1313 Sherman Street, Room 721, Denver, CO 80203, payable in 30
annual installments, in accordance with said Promissory Note, or until the loan is paid in
full.
2. In the event of any conflict, inconsistency, variance, or contradiction between the provisions
of this amendment and any of the provisions of the original deed of trust, the rovisions of
this amendment shall in all respects supersede, govern, and control.
3. Any provisions of the original deed of trust not expressly modified herein remai in full force
and effect.
Appendix C to Loan Contract C150311 Amendment No. 1
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