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APPENDIX C-1,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-039
<br /> AMENDMENT TO DEED OF TRUST
<br /> Date: J" ,2017
<br /> Grantor(Borrower): Big Elk Meadows Association
<br /> Beneficiary(Lender): Colorado Water Conservation Board
<br /> Lender Address: 1313 Sherman Street,Room 718,Denver,
<br /> Colorado,80203
<br /> Date of Original Deed of Trust: February 12,2014
<br /> Recorded Date of Original Deed of Trust: March u,2014
<br /> County of Recording("County"): Larimer
<br /> Deed of Trust Recording Information: Reception Number 20140011873,3 of Pages
<br /> Loan Contract Number: Cr2o15-039
<br /> Promissory Note: sz,ozo,000.00 total amount;no payments
<br /> and zero interest for the first six years
<br /> followed by 3o years of amortized payments
<br /> of$99,756.53 at the interest rate of 1.75%per
<br /> annum
<br /> Collateral:
<br /> An undivided one-hundred percent interest in the PROJECT,which consists of:
<br /> RainbowIake Darn
<br /> NM/4 SW1/4 SW1/4 Section 35,Township 4 North,Range 72 West of the 6th P.M.,Larimer County
<br /> Willow Lake Darn
<br /> S1/1 NW1/4 SW1/4 Section 35,Township 4 North,Range 72 West of the 6th P.M.,Larimer County
<br /> Mirror Lake Darn
<br /> SW1/4 NEI/4 SW1/4 Section 35,Township 4 North,Range 72 West of the 6th P.M.,Larimer County
<br /> Meadow Lake Darn
<br /> SW1/4 NW1/4 SEI/4 and NM/4 SWI/4 SE1/4 of Section 35,Township 4 North,Range 72 West of the 6th P.M.,
<br /> Larimer County
<br /> This Amendment to ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee of the County,State of
<br /> Colorado.
<br /> The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness evidenced by the LoAN
<br /> CONTRACT and PROMISSORY Nom between the Grantor and the Beneficiary.
<br /> Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect:An increase to total loan
<br /> .11,• • • ••.• •• T• I 44014 • • t ,11 *,s 1'" I•.I 11.t. S (. • 20 •
<br /> • • 01tfiet .1! :44• •11 .t. • I• •I • • _ • . • 7 •.t• _ ! 1.1" •'. .14 I. •
<br /> oa/26/1020,
<br /> NOW THEREFORE,the CWCB and Grantor agree that:
<br /> i. This AMENDMENT TO DEED OF TRUST, APPENDIX C-1 to AMENDMENT 1 to CONTRACT Cr2o15-o39 shall
<br /> supplement and operate in conjunction with the DEED OF TRUST attached to the ORIGINAL CONTRACT as
<br /> APPENDIX 5a, recorded in Larimer County, March 11, 2014, Reception Number 2oMoou873, 3 pages and
<br /> incorporated herein by reference.
<br /> 2. The Grantor has executed a PROMISSORY NOTE,in the amount of sz,o2o,000.00 to secure the repayment of
<br /> the indebtedness,evidenced by LOAN CONTRACT No.CT2o15-o39 to be repaid to the State of Colorado for
<br /> the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board
<br /> ("CWCB") the beneficiary herein, whose address is 1313 Sherman Street, Room 718, Denver, CO 80203,
<br /> payable in annual installments,in accordance with said PROMISSORY NOTE,or until the loan is paid in full.
<br /> Appendix C-i
<br /> Page 1 of 2
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