CT2016-2001 Amendment No. 1 Contract

• Contract/PO #: CT2016-2001
• Contractor Name: The Tunnel Water Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Appendix C,Amendment No.! to Loan Contract CT2016-2001
Amendment to Deed of Trust
Date: April 11,2018
Grantor(Borrower): The Tunnel Water Company
Beneficiary(Lender): Colorado Water Conservation Board
Lender Address: 1313 Sherman Street,Room 718,Denver,CO 80203
Date of Original Deed of Trust: October 21,2015
Recorded Date of Original Deed of Trust: November 10,2015
County of Recording("County"): Larimer
Deed of Trust Recording Information: Reception Number 20150075198(3 pages)
Loan Contract Number: CT2016-2001
Promissory Note: $1,717,000.00,2.55%,30 Years,
Annual payment: $82,582.09
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 reflect an increase in
the total loan amount from 1,111,000.00 to $1,717,000.00 (amounts include the CWCB 1% loan
origination fee).
NOW THEREFORE,the CWCB and Grantor agree that:
1. This Amendment to Deed of Trust, Appendix C, Amendment 1, to Contract CT2016-2001
shall supplement and operate in conjunction with the Deed of Trust attached to the Original
Contract as Appendix 6, recorded in Larimer County, November 10, 2015, Reception
Number 20150075198, (3 Pages)and incorporated herein by reference.
2. The Grantor has executed an amended Promissory Note, in the amount of$1,717,000.00 to
secure the repayment of the indebtedness, evidenced by Loan Contract Number CT2016-
2001, Amendment No. 1, 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
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