C150200 Contract

• Contract/PO #: C150200
• Contractor Name: Sheek Ditch Company
• Contract Type: Loan
• Water District: 34
• County: Montezuma
• Loan Projects - Doc Type: Contract Documents

557468 AMDDT 11/2008 11:14:39 AM
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1 Carol Tullis Clerrvcj'Recorder, Montezuma County, Co
■III MJFAL'titMIOXIM 111110 A R-11 i111W I'V 14b 11111
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
February 29, 2008
Sheek Ditch Company
Colorado Water Conservation Board
August 8, 2005
April 28, 2006
Montezuma
539923 (3 pages)
C150200, dated August 8, 2005,
amended February 29, 2008
$107,627.06, 2.5 %, 30 years, dated
February 29, 2008
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 and Promissory Note between the
Grantor and the Beneficiary.
Based upon a principal payment made by Grantor from funds delivered from the
United Stated Department of Agriculture, the principal amount of the loan has been
reduced.
Grantor and Beneficiary have agreed to amend the Original Deed of Trust to
$43,322.34 to reflect the revised principal and annual loan payment amount.
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 February 29, 2008, to secure
the repayment of the indebtedness evidenced by Contract No. C150200 dated
August 8, 2005, as amended on February 29, 2008, for the total principal sum of
$107,627.06, 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 provisions of this amendment shall in all respects supersede, govern, and
control.
Appendix C to Loan Contract C150200 Amendment No. 1
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