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IIlill i III IIIII IIIII I!il IIIII IIIII Ilil II I III I!II IIIII IIIII Iili IIIII IIlI 03589286 Page: 1of2 t 04/28/2017 01:21 PM RF:$18.00 DF:$0.00 Boulder County Clerk,CO APPENDIX C,AMENDMENT Nod TO LOAN CONTRACT CT2015-025 AMENDMENT TO DEED OF TRUST Date: April 7, 2017 Grantor (Borrower): Oligarchy Irrigation 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 10, 2013 County of Recording ("County"): Boulder Deed of Trust Recording Information: Reception Number 033567o8,3 pages Loan Contract Number: CT2015-025 Promissory Note: $326,035.77, 30 years-no payments and zero interest for the first three years followed by annual payments of s16,750.70 for 27 years at the interest rate of 2.50% 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 $1,262,500.00 to $326,035.77 and hereby amend the original Security Agreement to document the change of loan amount. NOW THEREFORE,the CWCB and Grantor agree that: i. This AMENDMENT TO DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT CT2015-025 shall supplement and operate in conjunction with the DEED OF TRUST attached to the ORIGINAL CONTRACT as APPENDIX 5, recorded in Boulder County, December io, 2013, Reception Number 033567o8, 3 Pages and incorporated herein by reference. 2. The Grantor has executed a PROMISSORY NOTE, in the amount of$326,035.77 to secure the repayment of the indebtedness, evidenced by LOAN CONTRACT NO. CT2015-025 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 Page i of z