C150392 Filed DOT

• Contract/PO #: C150392
• Contractor Name: Sylvan Dale Ranch, LLLP
• Contract Type: Loan
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

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Deed of Trust g
DATE: May 22, 2014 ry 0 h,
GRANTOR: Sylvan Dale Ranch, LLLP, a Limited Liability Limited Partnership 7 °
BENEFICIARY: Colorado Water Conservation Board R w
COUNTY: Larimer "
PRINCIPAL LOAN AMOUNT: $105,171 0 o w
LOAN CONTRACT: Loan Contract No. C150392 --I
TERMS OF REPAYMENT: 30 YEARS- no payments and zero interest for the first three years r -a r
followed by 27 years of amortized payments at the interest rate of N
1.75% per annum 3 o ►
CD
COLLATERAL: An undivided one-hundred percent interest in twenty (20) acre-foot
units of Colorado-Big Thompson Project Water contractual rights
#2123, administered through the Northern Water Conservancy
District, defined as:
COM AT A PT ON S LN OF SEC 3 FROM WH SE COR OF
SW1/4SW1/4 OF SD SEC BEARS N87 35'E 700FT; N32 10'E
373.4FT; N83 E 270.4FT; N66 12'E 428.7FT; N26 52'E 743.8FT;
N19 22'E 597.8FT; N14 23'E 90FT; S69 14'E 322.8FT; S80 56'E
TO PT OF INTER WITH E LN OF NW1/4SE1/4 OF SD SEC, N TO
NE COR OF S1/2NW1/4SE1/4 OF SD SEC; TH W TO NW COR
OF S1/2NE1/4SW1/4; TH N TO E & W C/L OF SD SEC; TH W TO
NW COR OF NW1/4SW1/4; TH S TO SW COR OF SD SEC; TH E
ALG S LN OF SD SEC TO POB; EXC SW1/4, S OF S RIM OF BIG
THOMPSON CANYON; EXC ALL EXIST R/W & EASE &
SE1/4NE1/4 OF SEC 4; EXC ALL EXIST R/W & EASE. (SECTION
3 & 4 —TOWNSHIP 5 NORTH —70 WEST) (See attached Allottee
Contract Detail).
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
Appendix 5 to Loan Contract C150392
Page 1 of 3
JCOLORADO WATER CONSERVATION BOARD
1313 SHERMAN ST#718
DENVER,CO 80203