C150235 PIF Documents

• Contract/PO #: C150235
• Contractor Name: Platte Valley Irrigation Company
• Contract Type: Loan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

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7.4e 3468246 04/11/2007 02:27P Weld County, CO
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1 of 3 R 16.00 D 0.00 Steve Moreno Clerk& Recorder
Deed of Trust
DATE: January 10, 2007
GRANTOR: PLATTE VALLEY IRRIGATION COMPANY
BENEFICIARY: COLORADO WATER CONSERVATION BOARD
COUNTY: WELD
PRINCIPAL LOAN AMOUNT: $2,388,650
LOAN CONTRACT: Loan Contract No. C150235, dated January 10, 2007
TERMS OF REPAYMENT: 2.25% per annum for 20 years
COLLATERAL: An undivided one-hundred percent interest in certain real property
known as Platte Valley Reservoir No. 1, including the following real
property:
PAID Lot B, being part of Lot C, located in the NE1/4 of Section 9,
Township 3 North, Range 66 West of the 6th P.M., County of
Weld, State of Colorado;
Together with all improvements thereon, including but not limited
to gates, ditches, canals, and all other structures and fixtures,
and any easements, rights-of-way, or other property or property
interests held and used in connection with the operation of said
reservoir.
This indenture is between the Grantor, and the Public Trustee of the above referenced
COUNTY, State of Colorado ("PUBLIC TRUSTEE"),
FACTUAL RECITALS
1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the
LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY,
with TERMS OF REPAYMENT and in accordance with the Promissory Note or until loan is paid
in full.
2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of
said Promissory Note to the BENEFICIARY.
The GRANTOR, in consideration of the premises and for the purpose aforesaid, does
hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above
described COLLATERAL.
To have and to hold the same, together with all appurtenances, in trust nevertheless,
that in case of default in the payment of said Promissory Note, or any part thereof, or the
interest thereon, or in the performance of any covenants hereinafter set forth or in said
Promissory Note or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and
demand for sale, said PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less
than four weeks in some newspaper of general circulation in said COUNTY, shall sell said
COLLATERAL in the manner provided by law in effect at the time of filing said notice and demand,
at public auction for cash, at any proper place designated in the notice of sale. Out of the
Appendix 5 to Loan Contract C150235
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