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CT2015-048 Amend 2
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CT2015-048 Amend 2
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Last modified
6/21/2016 10:48:53 AM
Creation date
6/21/2016 10:48:49 AM
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Loan Projects
Contract/PO #
CT2015-048
C150089
Contractor Name
Owl Creek Reservoir Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT No.2 TO LOAN CONTRACT CT2015-o48 <br /> (0150089) <br /> AMENDMENT TO DEED OF TRUST <br /> Date: May 20, 2016 <br /> Grantor (Borrower): Owl Creek Reservoir, a Colorado corporation <br /> Beneficiary(Lender): Colorado Water Conservation Board <br /> Address: 1313 Sherman Street, Room 718, Denver, <br /> Colorado, 80203 <br /> Date of Deed of Trust: February 1, 2003 <br /> Recorded Date of Deed of Trust: August 8, 2003 <br /> County of Recording ("County"): Weld <br /> Deed of Trust Recording Information: 3093326 <br /> Loan Contract Number: CT2015-o48 (C150089) <br /> Promissory Note: $485,000.00, 2.75%, 22 Years, <br /> Annual payment$30,000.00 <br /> This Amendment to ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee <br /> of the County,State of Colorado. <br /> The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness <br /> evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the <br /> Beneficiary. <br /> Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect:the <br /> revised loan contract total amount. <br /> NOW THEREFORE, the CWCB and Grantor agree that: <br /> 1. This AMENDMENT TO DEED OF TRUST, APPENDIX B to AMENDMENT NO. 2 to CONTRACT <br /> CT2015-o48 (C150089) shall supplement and operate in conjunction with the DEED OF <br /> TRUST attached to the ORIGINAL CONTRACT as APPENDIX 4 and incorporated herein by <br /> reference, recorded August 8, 2003, reception number 3093326 in Weld County. <br /> 2. The Grantor has executed a PROMISSORY NOTE, in the amount of$485,000.00 to secure <br /> the repayment of the indebtedness, evidenced by LOAN CONTRACT No. CT2015-048 <br /> (C15oo89) to be repaid to the State of Colorado for the use and benefit of the <br /> Department of Natural Resources, Colorado Water Conservation Board ("CWCB") the <br /> beneficiary herein,whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, <br /> payable in annual installments, in accordance with said PROMISSORY NOTE, or until the <br /> loan is paid in full. <br /> 3. In the event of any conflict, inconsistency, variance, or contradiction between the <br /> provisions of this amendment and any of the provisions of the original deed of trust, <br /> the provisions of this amendment shall in all respects supersede, govern, and control. <br /> 4. Any provisions of the original deed of trust not expressly modified herein remain in <br /> full force and effect. <br /> Appendix B <br /> Pagel of2 <br />
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