CT2015-023 Amendment No. 1

• Contract/PO #: CT2015-023
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

APPENDIX C,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-023
AMENDMENT TO DEED OF TRUST
Date: , L04- 15-
Grantor
5Grantor(Borrower): High'and Ditch Company
Beneficiary(Lender): Colorado Water Conservation Board
Beneficiary(Lender)Address: 1313 Sherman Street,Room 718, Denver,
Colorado,80203
Date of Original Deed of Trust: October 21,2013
Recorded Date of Original Deed of Trust: December 27,2013
County of Recording("County"): Boulder
Deed of Trust Recording Information: Reception Number 03359420,3 pages
Loan Contract Number: CrZo15-o23
Promissory Note: $1,477,756.28,3o years-no payments and
zero interest for the first three years followed
by annual payments of$70,918.26 for 27
years at the interest rate of 1.95%
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 $1,999,800.00 to $1,477,756.28 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 1 to CONTRACT
CT2015-o23 shall supplement and operate in conjunction with the DEED OF TRUST
attached to the ORIGINAL CONTRACT as APPENDIX 5, recorded in Boulder County,
December 27, 2013, Reception Number 0335942o, 3 Pages and incorporated herein by
reference.
2. The Grantor has executed a PROMISSORY NOTE, in the amount of $1,477,756.28 to
secure the repayment of the indebtedness, evidenced by LOAN CONTRACT No. Cr2o15-
023 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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