Laserfiche WebLink
AMENDMENT NO. 1 TO SECURITY AGREEMENT <br />DEBTOR: SHEEK DITCH COMPANY <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: AUGUST 8, 2005 <br />Original Promissory Note: $427,200, dated August 8, 2005, interest <br />at the rate of 2.5% per annum with <br />annual payment for a period of 30 years <br />or until paid in full. <br />ORIGINAL LOAN CONTRACT: C150200, DATED AUGUST 8, 2005 <br />1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note <br />to decrease the loan amount from $427,200 to $107,627.06 and hereby amend <br />the original Security Agreement to document the change of loan amount. <br />2. The Parties expressly agree that this Amendment is supplemental to the <br />Security Agreement and all terms, conditions, and provisions thereof, unless <br />specifically modified below, are to apply to this Amendment as though they <br />were expressly rewritten, incorporated, and included herein. <br />Amended Loan Contract: C150200, dated February 29, 2008 <br />Replacement Promissory Note: $107,627.06, dated February 29, 2008, <br />interest at the rate of 2.5% per annum <br />with annual payments for a period of 30 <br />years or until paid in full <br />Date of Amended Security Agreement: <br />SEAL <br />ATTEST: <br />By e&r <br />a:,. <br />Bill Boyer, Secretary easurer <br />February 29, 2008 <br />DEBTOR: Sheek Ditch Company <br />gy ....� <br />G eg Wolcott, President <br />Appendix B to Loan Contract C150200 Amendment No. 1 <br />Page 1 of 1 <br />