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CT2015-164 Amend1 Contract
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CT2015-164 Amend1 Contract
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Last modified
9/24/2015 12:24:24 PM
Creation date
9/23/2015 11:01:48 AM
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Loan Projects
Contract/PO #
CT2015-164
C150328
C150328A
Contractor Name
Two Rivers Water and Farming Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX A, AMENDMENT No.1 TO LOAN CONTRACT CT2O15-164 (150328A) <br /> DEED OF TRUST <br /> DATE: i/ , 2- , 2015 <br /> GRANTOR: TW/'IVERS WATER AND FARMING COMPANY, <br /> A COLORADO CORPORATION <br /> BENEFICIARY: COLORADO WATER CONSERVATION BOARD <br /> COUNTY: PUEBLO COUNTY <br /> LOAN CONTRACT: CT2015-164(C150328A) <br /> PROMISSORY NOTE: AMOUNT: $1,184,882, INTEREST RATE: 2.50% <br /> COLLATERAL: AN UNDIVIDED ONE-HUNDRED PERCENT INTEREST IN THE <br /> FOLLOWING PARCELS OF REAL PROPERTY: <br /> PARCEL 2: <br /> THE SE 1/4 OF SECTION 23, TOWNSHIP 22 SOUTH, RANGE 63 WEST OF THE 6TH PRINCIPAL <br /> MERIDIAN, COUNTY OF PUEBLO, STATE OF COLORADO. <br /> PARCEL 3: <br /> THE S 1/2 OF SECTION 24, TOWNSHIP 22 SOUTH, RANGE 63 WEST OF THE 6TH PRINCIPAL <br /> MERIDIAN, COUNTY OF PUEBLO, STATE OF COLORADO. <br /> PARCEL 4: <br /> THE N 1/2 OF SECTION 25, TOWNSHIP 22 SOUTH, RANGE 63 WEST OF THE 6TH PRINCIPAL <br /> MERIDIAN, EXCEPT ONE SQUARE ACRE IN THE SOUTHEAST CORNER THEREROF, COUNTY OF <br /> PUEBLO, STATE OF COLORADO. <br /> PARCEL 5: <br /> THE SW 1/4 OF SECTION 26, TOWNSHIP 22 SOUTH, RANGE 63 WEST OF THE 6TH PRINCIPAL <br /> MERIDIAN, COUNTY OF PUEBLO, STATE OF COLORADO. <br /> This indenture is between the Grantor, and the Public Trustee of the above referenced COUNTY, State of <br /> Colorado ("PUBLIC TRUSTEE"), <br /> FACTUAL RECITALS <br /> 1. The GRANTOR has executed a PROMISSORY NOTE of even date and amount, set forth in the LOAN CONTRACT, <br /> for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with TERMS OF REPAYMENT and in <br /> accordance with the PROMISSORY NOTE or until loan is paid in full. <br /> 2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of said <br /> PROMISSORY NOTE to the BENEFICIARY. <br /> The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby grant, <br /> bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described COLLATERAL. <br /> To have and to hold the same, together with all appurtenances, in trust nevertheless, that in case of <br /> default in the payment of said PROMISSORY NOTE, or any part thereof, or the interest thereon, or in the <br /> performance of any covenants hereinafter set forth or in said PROMISSORY NOTE or LOAN CONTRACT, then upon <br /> the BENEFICIARY filing notice of election and demand for sale, said PUBLIC TRUSTEE, after advertising notice of <br /> said sale weekly for not less than four weeks in some newspaper of general circulation in said COUNTY, shall sell <br /> said COLLATERAL in the manner provided by law in effect at the time of filing said notice and demand, at public <br /> Appendix A <br /> Page 1 of 3 <br />
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