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CT2015-003 Amend 1 Contract
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CT2015-003 Amend 1 Contract
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Last modified
3/29/2016 10:59:08 AM
Creation date
3/29/2016 10:59:06 AM
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Loan Projects
Contract/PO #
CT2015-003
C150378
Contractor Name
North Poudre Irrigation Company
Contract Type
Loan
County
Larimer
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT No. 1 TO LOAN CONTRACT CT2015-003(C150378) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: NORTH POUDRE IRRIGATION COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: FEBRUARY 5,2014 <br /> ORIGINAL PROMISSORY NOTE: $1,636,200.00 DATED FEBRUARY 5, 2014, FOR THIRTY <br /> (30)YEARS AT THE INTEREST RATE OF 2.35%OR UNTIL <br /> PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2015-003, DATED FEBRUARY 28,2014 <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br /> the loan amount from $1,636,200.00 to$2,263,410.00 and hereby amend the original Security <br /> Agreement to document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br /> and all terms, conditions, and provisions thereof, unless specifically modified below, are to <br /> apply to this Amendment as though they were expressly rewritten, incorporated, and included <br /> herein. <br /> AMENDED LOAN CONTRACT: AMENDMENT No.1 TO LOAN CONTRACT NO. <br /> CT2015-003(C150378) <br /> REPLACEMENT PROMISSORY NOTE: TOTAL LOAN AMOUNT Is$2.263.410.00,FOR THIRTY <br /> YEARS(30)WITH AMORTIZED PAYMENTS AT THE <br /> INTEREST RATE OF 2.35%OR UNTIL PAID IN FULL. <br /> DEBTOR:NORTH POUDRE IRRIGATION COMPANY <br /> (SEAL) <br /> By./-1A4 <br /> Signature/Title <br /> A ST: ,, / <br /> Date x-11 d JI <br /> By <br /> Signature/Title <br /> Date4/ 0/Ic1 <br /> Appendix B to Amendment 1 <br /> Page 1 of 1 <br />
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