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DNR COLORADO <br /> CO Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> P 303.866.3441 F 303.866.4474 <br /> April 4, 2018 <br /> VIA CERTIFIED MAIL <br /> 7003 1680 0000 6430 0071 <br /> Mr. Stanley Peroulis,Managing Partner <br /> John Peroulis and Sons Partnership <br /> P.O.Box 1015 <br /> Craig,CO 81626 <br /> Subject: Loan Contract No.C150083 <br /> Loan Compliance Confirmation <br /> Dear Mr.Peroulis: <br /> Attached for your records are the original documents relative to the agreement between the John <br /> Peroulis and Sons Partnership (Company) and the Colorado Water Conservation Board (CWCB), Loan <br /> Contract No. C 150083, dated August 1, 2002. The documents have been stamped "PAID IN FULL" <br /> denoting that the terms of the agreement have been satisfied in full by the Company. <br /> Also attached are the following documents: <br /> 1. The Promissory Note dated August 1,2002, stamped"Paid in Full;" <br /> 2. Two original recorded Requests for Full Release of Deeds of Trust and Release;and <br /> 3. Two original recorded Deeds of Trust dated August 1,2002. <br /> In addition,the following documents are included but not finalized: <br /> 1. The Full Release of Deed of Trust and Release relative to the Subordination Agreement; <br /> 2. The Corrected Subordination Agreement dated August 15,2002; <br /> 3. The original Moffat County Public Trustee Rejection of Release Request dated March 30, <br /> 2018;and <br /> 4. The Policy of Title Insurance,Loan Policy No.CW-4817424. <br /> CWCB presented all documents to the Moffat County Public Trustee and only two Deeds of <br /> Trust of the three documents were released. The Public Trustee's office would not release the <br /> Subordination Agreement because the Promissory Note provided had a loan amount of$250,000 and the <br /> Subordination Agreement had an amount of$350,000. They would not accept the explanation that this <br /> agreement was filed prior to the processing of the CWCB Loan Contract and that the same Note was the <br /> valid Promissory Note for the Subordination Agreement. <br /> These documents are being provided to you with the intent that you and if necessary, the <br /> assistance of your attorney, can attempt to release this Subordination Agreement with Moffat County. Or <br /> perhaps, at this time, it may not be necessary. If we can be of any assistance should you need to release <br /> this document,please contact me. <br />