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II .I►II 'I II I SII 1 II I� 11 <br /> II II III II 91 13 23 <br /> • 01128(2016 10:23 AM RF• $21.00 DF:$0.00 <br /> Boulder County Clerk.CO <br /> Deed of Trust <br /> DATE: December 14, 2015 <br /> GRANTOR: St. Vrain and Left Hand Water Conservancy District, a Title 37 Water <br /> Conservancy District acting by and through its Water Activity <br /> Enterprise <br /> BENEFICIARY: Colorado Water Conservation Board <br /> COUNTY: Boulder <br /> PRINCIPAL LOAN AMOUNT: $4,545,000 <br /> CONTRACT No.: CT2016-2452 <br /> TERMS OF REPAYMENT: 30 YEARS-no payments and zero interest for the first three years <br /> followed by 27 years of amortized payments at the interest rate of <br /> 3.20% per annum <br /> COLLATERAL: An undivided one-hundred percent interest in 200 acre-foot units of <br /> Colorado-Big Thompson Project Water contractual rights. Contract <br /> ID: 3713 (47): 3712 (50): 3711 (5): 3710(10): 1505(10): 2997(18): <br /> 3004 (15): 5298 (25): 5559(10): 6662(10) administered through the <br /> Northern Water Conservancy District. <br /> This indenture is between the Grantor, and the Public Trustee of the above referenced <br /> COUNTY, State of Colorado ("PUBLIC TRUSTEE"), <br /> FACTUAL RECITALS <br /> 1. The GRANTOR has executed a PROMISSORY NOTE of even date and amount, set forth in the <br /> LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with <br /> TERMS OF REPAYMENT and in 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 <br /> said PROMISSORY NOTE to the BENEFICIARY. <br /> The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby <br /> grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described <br /> COLLATERAL. <br /> To have and to hold the same, together with all appurtenances, in trust nevertheless, that <br /> in case of default in the payment of said PROMISSORY NOTE, or any part thereof, or the interest <br /> thereon, or in the performance of any covenants hereinafter set forth or in said PROMISSORY NOTE <br /> Or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and demand for sale, said <br /> PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less than four weeks in some <br /> newspaper of general circulation in said COUNTY, shall sell said COLLATERAL in the manner <br /> provided <br /> by law in effect at the time of filing said notice and demand, at public auction for cash, at any proper <br /> place designated in the notice of sale. Out of the proceeds of said sale, the PUBLIC TRUSTEE shall <br /> retain or pay first all fees, charges and costs and all moneys advanced for taxes, insurance and <br /> assessments, or on any prior encumbrance, with interest thereon and pay the principal and interest <br /> due on said PROMISSORY NOTE, rendering the overplus, if any, unto the GRANTOR; and after the <br /> expiration of the time of redemption, the PUBLIC TRUSTEE shall execute and deliver to the purchaser <br /> a deed to the COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL or any part <br /> thereof at such sale. <br /> Appendix 5 <br /> Page 1 of 3 <br />