CT2015-174 Contract Amendment 1

• Contract/PO #: CT2015-174
• Contractor Name: Uncompahgre Valley Water Users Association
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-174
AMENDMENT TO DEED OF TRUST
Date: April .28 ,2017
Grantor(Borrower): Uncompahgre Valley Water Users Association
Beneficiary(Lender): Colorado Water Conservation Board
Beneficiary(Lender)Address: 1313 Sherman Street,Room 718,Denver,
Colorado,80203
Date of Original Deed of Trust: November 3,2015
Recorded Date of Original Deed of Trust: December 28,2015
County of Recording ("County"): Montrose
Deed of Trust Recording Information: Reception Number 871412,3 pages
Loan Contract Number: CT2015-174
Promissory Note: $5,426,813.50,20 years with annual payments
of$331,886.12 at the interest rate of 2.00%
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 $6,999,300.00 to $5,426,813.80 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 I to CONTRACT
CT2o15-174 shall supplement and operate in conjunction with the DEED OF TRUST
attached to the ORIGINAL CONTRACT as APPENDIX 5, recorded in Montrose County,
December 28, 2015, Reception Number 871412, 3 Pages and incorporated herein by
reference.
2. The Grantor has executed a PROMISSORY NOTE, in the amount of $5,426,813.80 to
secure the repayment of the indebtedness, evidenced by LOAN CONTRACT No. Cr2015-
174 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
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