6) MODIFICATIONS.
<br /> The ORIGINAL CONTRACT No. CT2o15-165 (C15o24o) and all prior amendments thereto, if any, are
<br /> modified as follows:
<br /> a) Amend the Loan Contract Annual Repayment Amount from$94,081.68 to$89,415.96.
<br /> b) Amend the collateral pledged for this Loan Contract by removing the shares of Bull Creek
<br /> Reservoir, Canal & Power Company Stock as collateral. CWCB shall return all shares of Bull
<br /> Creek Reservoir, Canal & Power Company Stock and will release the stock certificates, held
<br /> by CWCB, to the Bull Creek Reservoir, Canal & Power Company. CWCB will release all
<br /> recorded Deeds of Trust, for the shares of Bull Creek Reservoir, Canal & Power Company
<br /> Stock, held as security for this loan recorded with Mesa County, Colorado. The stock
<br /> certificates held by CWCB, that will be released, are listed in EXHIBIT 1.
<br /> c) The BORROWER agrees that it shall execute the following documents, all of which shall set
<br /> forth the loan revisions:
<br /> i. "AMENDMENT TO THE PROMISSORY NOTE",EXHIBIT 2,TO LOAN CONTRACT AMENDMENT
<br /> No.3,LOAN CONTRACT No.CT2o16-165(150240),incorporated herein,which shall
<br /> replace and supersede all ORIGINAL PROMISSORY NOTES and AMENDED PROMISSORY
<br /> NOTES attached as appendices to the ORIGINAL CONTRACT,CONTRACT AMENDMENT NO.1
<br /> AND CONTRACT AMENDMENT No.2 and changes the annual loan repayment amount from
<br /> $94,081.68 to$89,415.96 for the remainder of the loan repayment schedule.
<br /> ii. "AMENDMENT TO SECURITY AGREEMENT",EXHIBIT 3,To LOAN CONTRACT AMENDMENT
<br /> No.3,LOAN CONTRACT No.CT2o15-165(C150240),incorporated herein,which shall
<br /> replace and supersede all ORIGINAL SECURITY AGREEMENTS and AMENDED SECURITY
<br /> AGREEMENTS attached as appendices to the ORIGINAL CONTRACT, CONTRACT AMENDMENT
<br /> NO.1 AND CONTRACT AMENDMENT No.2 and pledges as collateral the assessment
<br /> revenues backed by an assessment covenant, agreed to in the ORIGINAL CONTRACT.
<br /> iii. "AMENDMENT TO DEED OF TRUST",EXHIBIT 4,TO LOAN CONTRACT AMENDMENT No.31
<br /> LOAN CONTRACT No.C12o15-165(C150240),incorporated herein,which shall
<br /> supplement and operate in conjunction with the DEED OF TRUST dated September 21,
<br /> 2009, recorded with Mesa County on November 9, 2009,and attached to CONTRACT
<br /> AMENDMENT NO.1 as APPENDIX D and the AMENDED DEED OF TRUST dated December 1,
<br /> 2010, recorded with Mesa County on January 5,2011,and attached to CONTRACT
<br /> AMENDMENT NO.2 as APPENDIX D-1 and pledges as collateral the Company's Storage
<br /> Water Rights.A table of the pledged Company's Storage Water Rights is attached to the
<br /> Amended Deed of Trust, Exhibit 4, as Exhibit 4a.
<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 ORIGINAL CONTRACT, the
<br /> provisions of this AMENDMENT shall in all respects supersede, govern, and control.The most recent
<br /> version of the Special Provisions incorporated into the ORIGINAL CONTRACT or any amendment shall
<br /> always control 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 that
<br /> purpose being appropriated, budgeted, or otherwise made available.
<br /> Loan Contract Amendment No.3,Loan Contract cT2o15-165
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