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APPENDIX B,AMENDMENT NO.1 TO LOAN CONTRACT CT2O17-3944(C150390) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: Culver Lateral Ditch Company <br /> SECURED PARTY: Colorado Water Conservation Board <br /> REVISED LOAN AMOUNT: $78,309.69 <br /> TERM OF REPAYMENT: 3o years-no payments and zero interest for the first three <br /> years followed by annual payments of$3,925.73 for 27 <br /> years at the interest rate of 2.30% <br /> LOAN CONTRACT NUMBER: CT2o17-3944(C15o39o) <br /> 1. The Parties have amended the Original Loan Contract and Promissory Note to decrease the loan <br /> amount from $151,500.00 to $78,309.69, and hereby amend the Original Security Agreement to <br /> document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment to Security Agreement is supplemental to the <br /> Security Agreement and all terms, conditions, and provisions thereof, unless specifically modified <br /> below, are to apply to this Amendment to Security Agreement as though they were expressly <br /> rewritten,incorporated,and included herein. <br /> 3. Collateral for the loan remains the same. <br /> DEBTOR: CULVER LATERAL DITCH COMPANY <br /> (SEAL) <br /> By__ <br /> Signature/Title <br /> ATTEST. <br /> Date Si- 75_11_,7By -Ck4a <br /> ggnature/Title 5 <br /> Date 'S /ads1. <br /> Appendix B <br /> Page of <br />