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CT2018-980 Amendment No. 1
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CT2018-980 Amendment No. 1
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Last modified
5/10/2018 9:59:11 AM
Creation date
5/10/2018 9:59:07 AM
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Loan Projects
Contract/PO #
Ct2018-980
Contractor Name
Corsentino Dairy Farms, Inc.
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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Appendix B,Amendment No.! to Loan Contract CT2018-980 <br /> Amendment to Deed of Trust <br /> Date: April 10,2018 <br /> Grantor(Borrower): Corsentino Dairy Farms,Inc. <br /> Beneficiary(Lender): Colorado Water Conservation Board <br /> Lender Address: 1313 Sherman Street,Room 718,Denver,CO 80203 <br /> Date of Original Deed of Trust: July 31,2017 <br /> Recorded Date of Original Deed of Trust: August 28,2017 <br /> County of Recording("County"): Huerfano <br /> Deed of Trust Recording Information: Reception Number 409893 (3 pages) <br /> Loan Contract Number: CT2018-980 <br /> Promissory Note: $112,716.00, 0.50%, 10 Years, <br /> Annual payment: $11,583.89 <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 an increase in <br /> the total loan amount from 85,446.00 to $112,716.00 (amounts include the CWCB 1% loan <br /> origination fee). <br /> NOW THEREFORE,the CWCB and Grantor agree that: <br /> 1. This Amendment to Deed of Trust,Appendix B,Amendment 1 to Contract CT2018-980 shall <br /> supplement and operate in conjunction with the Deed of Trust attached to the Original <br /> Contract as Appendix 5, recorded in Huerfano County, August 28, 2017, Reception Number <br /> 409893,(3 Pages)and incorporated herein by reference. <br /> 2. The Grantor has executed an amended Promissory Note, in the amount of $112,716.00 to <br /> secure the repayment of the indebtedness, evidenced by Loan Contract Number CT2018-980, <br /> Amendment No. 1, to be repaid to the State of Colorado for the use and benefit of the <br /> Department of Natural Resources, Colorado Water Conservation Board ("CWCB") the <br /> beneficiary herein, whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, <br /> payable in annual installments, in accordance with said Promissory Note, or until the loan is <br /> 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 <br /> force and effect. <br /> Appendix B <br /> Page 1 of 2 <br />
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