CT2015-018 Amendment 1

• Contract/PO #: CT2015-018
• Contractor Name: Beeman Irrigating Ditch and Milling Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C,AMENDMENT Noa TO LOAN CONTRACT CT2015-o18
AMENDMENT TO DEED OF TRUST
Date: February 8, 2017
Grantor(Borrower): Beeman Irrigating Ditch and Milling Company
Beneficiary(Lender): Colorado Water Conservation Board
Beneficiary(Lender)Address: 1313 Sherman Street,Room 718, Denver,
Colorado,80203
Date of Original Deed of Trust: December 19, 2013
Recorded Date of Original Deed of Trust: January 2,2014
County of Recording ("County"): Weld
Deed of Trust Recording Information: Reception Number 3987742,3 Pages
Loan Contract Number: CT2015-o18
Promissory Note: $858494.35,30 years-no payments and zero
interest for the first three years followed by
annual payments of$4o,169.63 for 27 years at
the interest rate of 1.75%
This Amendment to ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee
of the County,State of Colorado.
The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness
evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the
Beneficiary.
Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect: a
decrease in the total loan amount, from$2,020,000.00 to$858494.35 and hereby amend the
original Security Agreement to document the change of loan amount.
NOW THEREFORE,the CWCB and Grantor agree that:
1. This AMENDMENT TO DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT
CT2015-o18 shall supplement and operate in conjunction with the DEED OF TRUST
attached to the ORIGINAL CONTRACT as APPENDIX 5, recorded in Weld County,January
2,2014, Reception Number 3987742,3 Pages and incorporated herein by reference.
2. The Grantor has executed a PROMISSORY NOTE, in the amount of$858494.35 to secure
the repayment of the indebtedness, evidenced by LOAN CONTRACT NO. CT2015-o18 to
be repaid to the State of Colorado for the use and benefit of the Department of Natural
Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein,
whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual
installments, in accordance with said PROMISSORY NOTE, or until the loan is paid in
full.
3. In the event of any conflict, inconsistency, variance, or contradiction between the
provisions of this amendment and any of the provisions of the original deed of trust,
the provisions of this amendment shall in all respects supersede, govern, and control.
4. Any provisions of the original deed of trust not expressly modified herein remain in
full force and effect.
Appendix C
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