CT2015-031 Amendment 1

• Contract/PO #: CT2015-031
• Contractor Name: Rough and Ready Irrigating Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-031 (C150371)
AMENDMENT TO DEED OF TRUST
Date: April 7, 2017
Grantor (Borrower): Rough and Reay Irrigating Ditch Company
Beneficiary(Lender): Colorado Water Conservation Board
Beneficiary(Lender)Address: 1313 Sherman Street,Room 718, Denver,
Colorado,80203
Date of Original Deed of Trust: October 21,2013
Recorded Date of Original Deed of Trust: December 27,2013
County of Recording("County"): Boulder
Deed of Trust Recording Information: Reception Number 03359419,3 Pages
Loan Contract Number: CT2015-031 (C1503T)
Promissory Note: $246,850.82,30years-no payments and zero
interest for the first three years followed by
annual payments of$12,994•n for 27 years at
the interest rate of 2.70%
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$21,843,250.00 to$246,85o.82 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
CT2015-031 shall supplement and operate in conjunction with the DEED OF TRUST
attached to the ORIGINAL CONTRACT as APPENDIX 5, recorded in Boulder County,
December 27, 2oi3, Reception Number 03359419, 3 Pages and incorporated herein by
reference.
2. The Grantor has executed a PROMISSORY NOTE, in the amount of$246,850.82 to secure
the repayment of the indebtedness, evidenced by LOAN CONTRACT No. CT2015-031 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 i3i3 Sherman Street, Room 71-8, 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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