CT2016-039 Amendment No. 1

• Contract/PO #: CT2016-039
• Contractor Name: Bil Elk Meadows Association
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C-2,AMENDMENT NO.i TO LOAN CONTRACT CT2015-039
AMENDMENT TO DEED OF TRUST
Date: ,2017
Grantor(Borrower): Big k Meadows Association
Beneficiary(Lender): Colorado Water Conservation Board
Lender Address: 1313 Sherman Street,Room 718,Denver,
Colorado,80203
Date of Original Deed of Trust: February 12,2014
Recorded Date of Original Deed of Trust: March 5,2014
County of Recording("County"): Boulder
Deed of Trust Recording Information: Reception Number 03368932,3 of Pages
Loan Contract Number: cr2o15-o39
Promissory Note: $2,020,0oo.00 total amount;no payments
and zero interest for the first six years
followed by 3o years of amortized payments
of$99,756.53 at the interest rate of 2.75%per
annum
Collateral;
An undivided one-hundred percent interest in the PROJECT,which consists of:
Sunset Lake Dam
NE1/4 NEI/4 NEI/4 Section 3,Township 3 North,Range 72 West of the 6th P.M.,Boulder County
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:An increase to total loan
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02/26/2020,
NOW THEREFORE,the CWCB and Grantor agree that:
1. This AMENDMENT TO DEED OF TRUST, APPENDIX C-2 to AMENDMENT 1 to CONTRACT CT2015-039 shall
supplement and operate in conjunction with the DEED OF TRUST attached to the ORIGINAL CONTRACT as
APPENDIX 5b, recorded in Boulder County, March 5, 2014, Reception Number 03368932, 3 pages and
incorporated herein by reference.
2. The Grantor has executed a PROMISSORY NOTE,in the amount of sz,o2o,000.00 to secure the repayment of
the indebtedness,evidenced by LOAN CONTRACT No.CTio15-o39 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-2
Pagel of 2