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CT2015-151 Contract Amendment 1
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CT2015-151 Contract Amendment 1
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Last modified
5/25/2017 11:50:34 AM
Creation date
5/25/2017 11:50:32 AM
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Loan Projects
Contract/PO #
CT2015-151
Contractor Name
Louden Irrigating Canal & Reservoir Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX B,AMENDMENT NO.i TO LOAN CONTRACT CT2015-1551. <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: LOUDEN IRRIGATING CANAL&RESERVOIR COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SEcURTTY AGREEMENT: DECEMBER 5,2014 <br /> ORIGINAL PROMISSORY NOTE: $161,600.00,DATED DECEMBER 5,2014,AT THE INTEREST <br /> RATE OF 2.70%FOR 3OYEARS OR UNTIL PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CTzo15-151 <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease the <br /> loan amount by$35,350,00, from $161,600.0000 to $126,250.00 and hereby amend the original <br /> Security Agreement to 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 <br /> modified below, are to apply to this Amendment to Security Agreement as though they were <br /> expressly rewritten,incorporated,and included herein. <br /> 3. Collateral for the LOAN remains the same. <br /> 4. Replacement Promissory Note for this Contract reads Total Loan Amount is$126,250.00,with <br /> an annual loan payment of$6,193.93 at an interest rate of 2.70%, for 30 years or until the loan is <br /> paid in full. <br /> DEBTOR: Louden Irrigating Canal and Reservoir <br /> Company <br /> (SEAL) <br /> By f /ós <br /> Signature/Title <br /> ATTEST: <br /> / Date ._ Irl, 7 <br /> f` <br /> By ' �IL�° -AlttivesfieeuS <br /> Signature/Title <br /> Date 5-1 -1/7 <br /> Appendix B <br /> Page 1 of i <br />
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