I. AMENDMENT TO THE PROMISSORY NOTE, APPENDIX A. AMENDMENT No. 1. LOAN CONTRACT
<br /> No.CT2016-022, in the amount of$3,745,080 and incorporated herein, which shall replace
<br /> and supersede the original PROMISSORY NOTE dated October 23, 2013, in the amount of
<br /> $3,154,230 and attached to the ORIGINAL CONTRACT(C150362)as APPENDIX 2.
<br /> II. AMENDMENT TO THE SECURITY AGREEMENT. Appendix B AMENDMENT NO. 1. LOAN
<br /> CONTRACT No. CT2016-022, in the amount of $3,745,080 and incorporated herein, which
<br /> shall supplement and operate in conjunction with the SECURITY AGREEMENT, dated October
<br /> 23, 2013, in the amount of $3,154,230, and attached to the ORIGINAL CONTRACT(C150362)
<br /> as APPENDIX 4.
<br /> III. AMENDMENT TO DEED OF TRUST, APPENDIX Cl. AMENDMENT NO. 11 LOAN CONTRACT No.
<br /> CT2016-022, in the amount of$3,745,080 and incorporated herein, which shall supplement
<br /> and operate in conjunction with the DEED OF TRUST,for GREELEY AND LOVELAND IRRIGATION
<br /> COMPANY, dated October 23, 2013, in the amount of $3,154,230, and attached to the
<br /> ORIGINAL CONTRACT (C150362) as APPENDIX 5a. The AMENDMENT TO DEED OF TRUST shall
<br /> be recorded with the Larimer County Clerk and Recorder.
<br /> IV. AMENDMENT TO DEED OF TRUST, APPENDIX C2, AMENDMENT No. 1. LOAN CONTRACT No.
<br /> C12016-022, in the amount of$3,745,080 and incorporated herein, which shall supplement
<br /> and operate in conjunction with the DEED OF TRUST, for THE SEVEN LAKES RESERVOIR
<br /> COMPANY, dated October 23, 2013, in the amount of $3,154,230, and attached to the
<br /> ORIGINAL CONTRACT (C150362) as APPENDIX 5b. The AMENDMENT TO DEED OF TRUST shall
<br /> be recorded with the Larimer County Clerk and Recorder.
<br /> V. OPTION LETTER
<br /> The following Option Letter language shall be an addendum to the Promissory Note
<br /> Provisions, Paragraph A3, Page 2, of the Loan Contract:
<br /> a. If the amount of loan funds disbursed by the CWCB, to the Borrower, differs from the LOAN
<br /> AMOUNT,the parties shall amend this CONTRACT or exercise an OPTION LETTER.A SAMPLE
<br /> OPTION LETTER is attached, to this AMENDMENT as APPENDIX D.
<br /> b. An amendment to this CONTRACT shall be executed for the following changes including,
<br /> but not limited to, an increase in LOAN AMOUNT, change in collateral, and decrease in
<br /> LOAN AMOUNT with re-amortization of the Loan.
<br /> c. Upon substantial completion of the PROJECT with a resulting decrease in the total LOAN
<br /> AMOUNT and the Borrower requests a re-amortization of the Loan. the PARTIES agree to
<br /> amend this contract.
<br /> d. Upon substantial completion of the PROJECT with a resulting decrease in the total LOAN
<br /> AMOUNT, but not a chance in the annual payment, the STATE may exercise an option and
<br /> shall provide written notice to the BORROWER in form substantially equivalent to APPENDIX
<br /> D. If exercised, the provisions of the OPTION LETTER and supporting documentation shall
<br /> become part of and be incorporated into this CONTRACT for the total duration of this
<br /> CONTRACT.
<br /> Amendment No. 1
<br /> Page 2 of 4
<br />
|