CT2017-3188 Amendenment No. 1

• Contract/PO #: CT2017-3188 Amendment No. 1
• Contractor Name: Chilcott Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Appendix C, Amendment No.1 to Loan Contract CT2017-3188
Amendment to Deed of Trust
Date: October 25,2017
Grantor(Borrower): Chilcott Ditch Company
Beneficiary(Lender): Colorado Water Conservation Board
Lender Address: 1313 Sherman Street,Room 718,Denver,
Colorado,80203
Date of Original Deed of Trust: January 31,2017
Recorded Date of Original Deed of Trust: February 27,2017
County of Recording("County"): El Paso
Deed of Trust Recording Information: Reception Number 217023041,3 pages
Loan Contract Number: CT2017-3188
Promissory Note: $459,991.12,2.20%,20 Years,
Annual payment$28,677.42
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 reduce the fmal loan amount
by$120,758.88 from$580,750.00 to$459,991.12 and change the annual payment amount from$36,205.94
to$28,677.42.and hereby amend the original Deed of Trust to document the change.
NOW THEREFORE,the CWCB and Grantor agree that:
1. This Amendment to Deed of Trust, Appendix C to Amendment 1 to Contract CT2017-3188 shall
supplement and operate in conjunction with the Deed of Trust attached to the Original Contract as
Appendix 6,recorded in El Paso County, February 27,2017, Reception Number 217023041,3 Pages
and incorporated herein by reference.
2. The Grantor has executed a Promissory Note,in the amount of$459,991.12 to secure the repayment of
the indebtedness,evidenced by Loan Contract No. CT2017-3188 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
Page iof2