C150349 Contract

• Contract/PO #: C150349
• Contractor Name: Ordway Feedyard LLC
• Contract Type: Loan
• Water District: 17
• County: Crowley
• Loan Projects - Doc Type: Contract Documents

APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT C150349
AMENDMENT TO THE SECURITY AGREEMENT
DEBTOR: Ordway Feedyard, LLC
SECURED PARTY: Colorado Water Conservation Board
DATE OF ORIGINAL SECURITY AGREEMENT: April 23, 2013
ORIGINAL PROMISSORY NOTE: $2,525,000 dated April 23, 2013, interest rate of
1.75% per annum with an annual payment of
$108,902.63 for a period of 30 years or until paid in
full.
ORIGINAL LOAN CONTRACT: 0150349, dated May 14, 2013
1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease
the loan amount from $2,525,000.00 to$2,116,564.05 and hereby amend the original Security
Agreement to document the change of loan amount.
2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement
and all terms, conditions, and provisions thereof, unless specifically modified below, are to
apply to this Amendment as though they were expressly rewritten, incorporated, and included
herein.
Amended Loan Contract: Amendment No. 1 to Loan Contract No. C150349
Replacement Promissory Note: $2,116,564.05, as of April 2014 the annual payment
will be $91,286.89 for thirty (30) years or until the
loan is paid in full at an interest rate of 1.75%.
Date of Amended Security Agreement: April 2, 2014
PATRICIA DAVIS DEBTO` +►rdway Feedyard, C
NOTARY PUBLIC
STATE OF COLORADO
E Ai OTARY ID 29064007219 - �� ii'
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Appendix B, Amendment No.1
to Loan Contract C15349
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