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CT2017-1209 Contract Amend 1
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CT2017-1209 Contract Amend 1
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Last modified
8/5/2016 9:13:40 AM
Creation date
8/5/2016 9:13:35 AM
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Loan Projects
Contract/PO #
CT2017-1209
C150159
Contractor Name
Orphan Wells of Wiggins, LLC
Contract Type
Loan
County
Morgan
Loan Projects - Doc Type
Contract Documents
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II. AMENDMENT TO THE SECURITY AGREEMENT, APPENDIX B, AMENDMENT No. 1, LOAN <br /> CONTRACT No.CT2017-1209 (C150159), in the amount of$615,220.28 for a term of <br /> twenty-two (22)years, and incorporated herein, which shall supplement and operate in <br /> conjunction with the ORIGINAL SECURITY AGREEMENT, dated February 1, 2004, in the <br /> amount of $1,048,077.00 and attached to the ORIGINAL CONTRACT as APPENDIX 4. <br /> III. AMENDMENT TO DEED OF TRUST, APPENDIX C, AMENDMENT NO. 1, LOAN CONTRACT No. <br /> CT2017-1209(C150159), in the amount of$615,220.28, fora term of twenty-two (22) <br /> years, and incorporated herein, which shall supplement and operate in conjunction with <br /> the ORIGINAL DEED OF TRUST, dated February 1, 2004 attached to the ORIGINAL <br /> CONTRACT as APPENDIX 5. <br /> IV. The BORROWER has adopted a resolution, irrepealable for the term of this loan, <br /> authorizing the BORROWER to enter into this contract amendment to borrow the <br /> ADDITIONAL LOAN AMOUNT, to establish and collect assessments sufficient to pay the <br /> annual loan payments, to pledge said assessments for repayment of the loan, and to <br /> execute documents necessary to convey a security interest in said assessments and <br /> collateral, if necessary, to the CWCB. Said resolution is attached as APPENDIX D. <br /> 7) EFFECTIVE DATE OF AMENDMENT <br /> The effective date hereof is upon approval of the State Controller or their delegate. <br /> 8) ORDER OF PRECEDENCE <br /> Except for the Special Provisions, in the event of any conflict, inconsistency, variance, or contradiction <br /> between the provisions of this AMENDMENT and any of the provisions of the Contract, the provisions of <br /> this Amendment shall in all respects supersede, govern, and control. The most recent version of the <br /> Special Provisions incorporated into the ORIGINAL CONTRACT or any amendment shall always control <br /> other provisions in the ORIGINAL CONTRACT or any amendments. <br /> 9) AVAILABLE FUNDS <br /> Financial obligations of the state payable after the current fiscal year are contingent upon funds for <br /> that purpose being appropriated, budgeted, or otherwise made available. <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Page 2 of 3 1 <br />
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