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RECEPTION#: 20160011253, 02/25/2016 at 09:16:32 AM,1 OF 2, R $16.00 TD Pgs: 0 Angela Myers, Clerk & Recorder, Larimer County, CO APPENDIX C, AMENDMENT No.1 TO LOAN CONTRACT CT2015-045 (C150325) AMENDMENT TO DEED OF TRUST Date: January 23, 2016 Grantor (Borrower): Crystal Lakes Water and Sewer Association, a Colorado nonprofit corporation Beneficiary (Lender): Colorado Water Conservation Board Date of Deed of Trust: January 21, 2012 Recorded Date of Deed of Trust: April 10, 2012 County of Recording ("County"): Larimer County Deed of Trust Recording Information: #20120023319 (3 pages) Loan Contract Number: CT2015-045 Promissory Note: $2,016,459.59, 4.00%, 30 Years This Amendment to ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee of the County, State of Colorado. The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the Beneficiary. Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect the revised term of repayment. NOW THEREFORE, the CWCB and Grantor agree that: 1. This AMENDMENT TO DEED OF TRUST, APPENDIX C, AMENDMENT 1 t0 CONTRACT CT2015-045 shall supplement and operate in conjunction with the DEED OF TRUST dated January 21, 2012, attached to the ORIGINAL CONTRACT as APPENDIX 5 and incorporated herein by reference, recorded April 10, 2012, reception number 20120023319. 2. The Grantor has executed a PROMISSORY NOTE, in the amount of $2,016,459.59 to secure the repayment of the indebtedness, evidenced by LOAN CONTRACT No. CT2015-045 and AMENDMENT No.1 to the ORIGINAL LOAN CONTRACT, to be repaid to the State of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual installments, in accordance with said PROMISSORY NOTE, or until the loan is paid in full. 3. In the event of any conflict, inconsistency, variance, or contradiction between the provisions of this amendment and any of the provisions of the original deed of trust, the provisions of this amendment shall in all respects supersede, govern, and control. 4. Any provisions of the original deed of trust not expressly modified herein remain in full force and effect. Appendix C Page 1 of 2 COLORADO WATER CONSERVATION BOARD 1313 SHERMAN ST'tt718 DENVER.CO 80203