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CT2015-020 Amendment 2
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CT2015-020 Amendment 2
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Last modified
3/31/2017 2:15:48 PM
Creation date
3/31/2017 2:15:44 PM
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Loan Projects
Contract/PO #
CT2015-020
Contractor Name
Consolidated Home Supply Ditch and Reservoir Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX C-i,AMENDMENT N0.2,TO LOAN CONTRACT CT2015-020 <br /> AMENDMENT TO DEED OF TRUST <br /> Date: March 14, 2017 <br /> Grantor (Borrower): Consolidated Home Supply Ditch and Reservoir Co. <br /> Beneficiary (Lender): Colorado Water Conservation Board <br /> Beneficiary(Lender)Address: 1313 Sherman Street, Room 718, Denver, <br /> Colorado, 80203 <br /> Recorded Dates of Previous Deeds of Trust: Original:January 3, 2014, <br /> Amendment No. 1: September 22, 2014 <br /> Deeds of Trust Recording Information: Original: Reception Number 20140000468 <br /> Amendment No.1: 20140053655 <br /> County of Recording ("County"): Larimer <br /> Loan Contract Number: CT2015-020 <br /> Promissory Note: $434411.6130 years-no payments and zero <br /> interest for the first three years followed by <br /> annual payments of$20,847.63 for 27 years at <br /> the interest rate of 1.95% <br /> This AMENDMENT NO. 2 to the ORIGINAL DEED OF TRUST (attached to the Original Contract) <br /> and the AMENDED DEED OF TRUST (attached to Contract Amendment No. 1) is between the <br /> Grantor and the Public Trustee of the County, State of Colorado. <br /> The ORIGINAL DEED OF TRUST (attached to the Original Contract) and the AMENDED DEED <br /> OF TRUST, (attached to Contract Amendment No. 1) were recorded to secure repayment of <br /> the indebtedness evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the <br /> Grantor and the Beneficiary. <br /> Grantor and Beneficiary have agreed to amend the DEEDS OF TRUST to reflect a decrease in <br /> the total loan amount, from$519,140.00 to$434,411.61• <br /> NOW THEREFORE,the CWCB and Grantor agree that: <br /> 1. This AMENDMENT TO DEED OF TRUST, APPENDIX C-i, AMENDMENT NO. 2 to CONTRACT <br /> NUMBER CT2015-020 shall supplement and operate in conjunction with the DEEDS OF <br /> TRUST recorded in Larimer County, January 3, 2014, Reception Number 20140000468 <br /> and September 22, 2014, Reception Number 20140053655, both incorporated herein by <br /> reference. <br /> 2. The Grantor has executed a PROMISSORY NOTE, in the amount of$434411.61 to secure <br /> the repayment of the indebtedness, evidenced by LOAN CONTRACT NO. CT2015-020 to <br /> be repaid to the State of Colorado for the use and benefit of the Department of Natural <br /> Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, <br /> whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual <br /> installments, in accordance with said PROMISSORY NOTE, or until the loan is paid in <br /> full. <br /> Appendix C-i <br /> Page i of 2 <br />
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