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APPENDIX C, AMENDMENT NO.1 To Lo�v CoN'ruAc'r cTzoiS-oz5 <br />AMENDMENT TO DEED OF TRUST <br />Date: April �, aoi7 <br />Grantor (Borrower): Oligarchy Irrigation Company <br />Beneficiary (Lender): Colorado Water Conservation Board <br />Beneficiaiy (Lender) Address: i3i3 Sherman Street, Room 7i8, Denver, <br />Colorado, 8oao3 <br />Date of Original Deed of Trust: <br />Recorded Date of Original Deed of Trust: <br />Counry of Recording ("County"): <br />Deed of Trust Recording Information: <br />Loan Contract Number <br />October Zi, zoi3 <br />December io, 2oz3 <br />Boulder <br />Reception Number o3356�08, 3 pages <br />CTaoi5�o25 <br />Promissory Note: �326,035•77� 3o years - no payments and zero <br />interest for the first three years followed by <br />annual payments of $i6,75o.�o for a� years at <br />the interest rate of 2.50% <br />This Amendment to ORIGttvAL DEED or• TRus7' is between the Grantor and the Public Trustee <br />of the County, State of Colorado. <br />The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness <br />evidenced by the LOAN CoNTxACT and PRomissoRY NoTF between the Grantor and the <br />Beneficiary. <br />Grantor and Beneficiaiy have agreed to amend the OxtGw�L DEED oF TRUST to reflect: a <br />decrease in the total loan amount, from $i,a6a,5oo.0o to �3Z6,o35.�� and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />NOW THEREFORE, the CWCB and Grantor agree that: <br />i. This AMENDMENT TO DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT <br />CTZoiS-oa5 shall supplement and operate in conjunction with the DEED OF TRUST <br />attached to the ORIGINAL CONTItACT as APPENDIX 5, recorded in Boulder County, <br />December io, Zo13, Reception Number o3356�08, 3 Pages and incorporated herein by <br />reference. <br />a. The Grantor has executed a PROMISSORY NOTE, in the amount of $3z,6,o35.�� to secure <br />the repayment of the indebtedness, evidenced by LoAtv CoNTRACT No. C7'zoi5-oa5 to <br />be repaid to the State of Colorado for the use and benefit of the Departmern of Natural <br />Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, <br />whose address is i3i3 Sherman Street, Roorn �18, Denver, CO 8ozo3, payable in annual <br />installments, in accordance with said PRON1tSSORY NoTE, or until the loan is paid in <br />full. <br />In the event of any conflict, inconsistency, variance, or contradiction between the <br />provisions of this amendment and any of the provisions of the original deed of trust, <br />the provisions of this amendment shall in all respects supersede, govern, and control. <br />4. Any provisions of the original deed of trust not expressly inodified herein remain in <br />full force and effect. <br />Appendix C <br />Page i of a <br />