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111011111011101114111101011101110111111101101111 0 3352261 <br /> 1111212013 02:4RF:$21.00 DF:$0.00 <br /> Boulder County Clerk,CO <br /> Deed of Trust p44, <br /> DATE: October 21, 2013 <br /> GRANTOR: Boulder and Larimer County Irrigat facturing itch <br /> Company, a Colorado corporation <br /> BENEFICIARY: Colorado Water Conservation Board , tiL <br /> COUNTY: Boulder <br /> PRINCIPAL LOAN AMOUNT: $202,000 <br /> LOAN CONTRACT: Loan Contract No. 0150374 <br /> TERMS OF REPAYMENT: 30 YEARS- no payments and zero interest for the first three years <br /> followed by 27 years of amortized payments at the interest rate of <br /> 1.90% per annum <br /> COLLATERAL: An undivided one-hundred percent interest in the Boulder and <br /> CANCELLED Larimer Diversion Structure, including any easements, rights-of-ways <br /> RELEASED or other property or property interests held and used in connection <br /> 1 2016 with the access and operation of said diversion structure. The <br /> NOV location is in the NE % of Section 1, Township 3, North, Range 70 <br /> West, running easterly across said NE %4, Section 1, over and across <br /> Boulder Co'.r <br /> Pu tin South 1/2 of the North 1/2, Section 6, North 1% of Section 5, and NW %4 <br /> of NW 1/4, Section 4, in Township 3 North, Range 69 West, Boulder <br /> County, Colorado. <br /> This indenture is between the Grantor, and the Public Trustee of the above referenced <br /> COUNTY, State of Colorado ("PUBLIC TRUSTEE"), <br /> FACTUAL RECITALS <br /> 1. The GRANTOR has executed a PROMISSORY NOTE of even date and amount, set forth in the <br /> LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with <br /> TERMS OF REPAYMENT and in accordance with the PROMISSORY NOTE or until loan is paid in full. <br /> 2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of <br /> said PROMISSORY NOTE to the BENEFICIARY. <br /> The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby <br /> grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described <br /> COLLATERAL. <br /> To have and to hold the same, together with all appurtenances, in trust nevertheless, that <br /> in case of default in the payment of said PROMISSORY NOTE, or any part thereof, or the interest <br /> thereon, or in the performance of any covenants hereinafter set forth or in said PROMISSORY NOTE <br /> or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and demand for sale, said <br /> PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less than four weeks in some <br /> newspaper of general circulation in said COUNTY, shall sell said COLLATERAL in the manner provided <br /> by law in effect at the time of filing said notice and demand, at public auction for cash, at any proper <br /> place designated in the notice of sale. Out of the proceeds of said sale, the PUBLIC TRUSTEE shall <br /> Appendix 5 to Loan Contract C150374 <br /> Page 1 of 3 <br /> 13 <br />