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CT2015-142 Amendment No. 1
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CT2015-142 Amendment No. 1
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Last modified
4/10/2018 9:51:40 AM
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4/10/2018 9:51:36 AM
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Loan Projects
Contract/PO #
CT2015-142
Contractor Name
Supply Irrigating Ditch Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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APPENDIX C,AMENDMENT No.l TO LOAN CONTRACT CT2015-142 <br /> AMENDMENT TO DEED OF TRUST <br /> Date: March 19,2018 <br /> Grantor(Borrower): Supply Irrigating Ditch Company <br /> Beneficiary(Lender): Colorado Water Conservation Board <br /> Beneficiary(Lender)Address: 1313 Sherman Street,Room 718,Denver, <br /> Colorado, 80203 <br /> Date of Original Deed of Trust: January 9,2015 <br /> Recorded Date of Original Deed of Trust: February 18,2015 <br /> County of Recording("County"): Boulder <br /> Deed of Trust Recording Information: Reception Number 03428039,3 pages <br /> Loan Contract Number: CT2015-142 <br /> Promissory Note: $53,461.22, 30 years-no payments and zero <br /> interest for the first three years followed by <br /> annual payments of$2,663.54 for 27 years at the <br /> interest rate of 2.25% <br /> This Amendment to Original Deed of Trust is between the Grantor and the Public Trustee of the <br /> County, State of Colorado. <br /> The Original Deed of Trust was recorded to secure repayment of the indebtedness evidenced by <br /> the Loan Contract and Promissory Note between the Grantor and the Beneficiary. <br /> Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect: a decrease in <br /> the total loan amount, from $324,210.00 to $53,461.22 and hereby amend the original Security <br /> Agreement to document the change of loan amount. <br /> NOW THEREFORE,the CWCB and Grantor agree that: <br /> 1. This Amendment to Deed of Trust, Appendix C to Amendment 1 to Contract CT2015-142 <br /> shall supplement and operate in conjunction with the Deed of Trust attached to the Original <br /> Contract as Appendix 5, recorded in Boulder County, February 18, 2015, Reception Number <br /> 03428039,3 Pages,and incorporated herein by reference. <br /> 2. The Grantor has executed a Promissory Note, in the amount of $53,461.22 to secure the <br /> repayment of the indebtedness, evidenced by Loan Contract No. CT2015-142 to be repaid to <br /> the State of Colorado for the use and benefit of the Department of Natural Resources, <br /> Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose address is <br /> 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual installments, in <br /> accordance with said Promissory Note,or until the loan is paid in full. <br /> 3. In the event of any conflict, inconsistency, variance, or contradiction between the provisions <br /> of this amendment and any of the provisions of the original deed of trust, the provisions of <br /> this amendment shall in all respects supersede,govern, and control. <br /> 4. Any provisions of the original deed of trust not expressly modified herein remain in full force <br /> and effect. <br /> Appendix C <br /> Page i of 2 <br />
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