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111111111111111111111111 ilii 11111111111 MI 111111111 ilii <br /> 159348 11/25/2002 01:52P DT L. Nichols <br /> 1 of 3 R 16.00 D 0.00 N 0.00 Crowley Co, Co <br /> Deed of Trust <br /> DATE: November 1, 2002 <br /> GRANTOR: THE LAKE HENRY RESERVOIR COMPANY <br /> BENEFICIARY: COLORADO WATER CONSERVATION BOARD <br /> COUNTY: CROWLEY COUNTY <br /> PRINCIPAL LOAN AMOUNT: $490,000 <br /> LOAN CONTRACT: Loan Contract No. C15O098, dated November 1, 2002 <br /> TERMS: interest of 4.25% per annum and repayment period of 30 <br /> years <br /> COLLATERAL: An undivided one hundred percent (100%) interest in and <br /> to all easements and rights-of-way appurtenant thereto, all <br /> improvements thereon, and all other physical and legal <br /> features known as the Lake Henry Reservoir located in <br /> Sections 31 and 32, Township 20 South, Range 56 West <br /> and Sections 5 and 6, Township 21 South, Range 56 West <br /> of the 6th P.M., Crowley County, Colorado, together with all <br /> dams, embankments, gates, easements, ditches, canals, <br /> rights-of-way and all other structures, appliances, fixtures <br /> and other property of whatsoever kind and description the <br /> same may be and which are now, and which have been <br /> heretofore, or which may hereafter be used in connection <br /> with the operation of said reservoir and the storage. <br /> This indenture is between the GRANTOR, and the Public Trustee of the above <br /> referenced COUNTY, State of Colorado ("PUBLIC TRUSTEE"), <br /> Factual Recitals <br /> 1. The GRANTOR has executed a Promissory Note of even date and amount, set forth <br /> in the LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the <br /> BENEFICIARY, with terms as shown above and in accordance with the Promissory <br /> Note or until loan is paid in full. <br /> 2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and <br /> interest of said Promissory Note to the BENEFICIARY. <br /> The GRANTOR, in consideration of the premises and for the purpose aforesaid, <br /> does hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust <br /> forever, the above described COLLATERAL. <br /> Appendix 5 to Loan Contract C150098 <br />