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Colorado Water Conservation Board <br /> Construction Fund Loan Program <br /> Interest During Construction <br /> Sponsor: Pinon Mesa Ranches Community Assoc. <br /> Project: Pinon Mesa Outside Irrigation System <br /> Principal: $206,000.00 <br /> Interest Rate: 3.75% <br /> Default Date: 01-Jun-00 <br /> Payment Amount Date Time in Days Simple Interest Accrued Interest <br /> 1 $ 76,826.03 14-Oct-97 961 $7,585.25 $7,585.25 <br /> 2 $ 51,480.34 31-Oct-97 944 $4,992.89 $12,578.14 <br /> 3 $ 44,856.29 02-Jan-98 881 $4,060.11 $16,638.25 <br />