CT2015-050 Amendement No. 1 - Laserfiche WebLink

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APPENDIX A,AMENDMENT No.1 TO LOAN CONTRACT CT2015-050 AMENDMENT TO PROMISSORY NOTE Date: June 23,2018 Borrower: Riverside Ditch&Allen Extension Company Total Loan Amount: $159,574.01 Interest Rate: 2.75% Term of Repayment: 30 years Loan Contract No.: CT2015-050(C 150301) Loan Payment: $7,880.47 Payment Initiation Date: January 1,2018 Maturity Date: January 1,2048 For Value Received, the BORROWER promises to pay the Colorado Water Conservation Board ("CWCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant to the LOAN CONTRACT and this promissory note. i. This Amendment to Promissory Note shall replace and supersede the Original Promissory Note attached to the Original Contract and incorporated by reference. 2. Principal and interest shall be payable in equal Loan Payments,with the first payment due and payable one year from Payment Initiation Date, and annually thereafter. All principal,interest, and late charges, if any,then remaining unpaid shall be due and payable on or before the Maturity Date. 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street Room 718,Denver,Colorado 80203. 4. The CWCB may impose a late charge in the amount of 5%of the annual payment if the CWCB does not receive the annual payment within sixty(60)calendar days of the due date. 5. This Note may be prepaid in whole or in part at any time without premium or penalty. Any partial prepayment shall not postpone the due date of any subsequent payments or change the amount of such payments. 6. All payments received shall be applied first to late charges, if any, next to accrued interest and then to reduce the principal amount. 7. This Note is issued pursuant to the LOAN CONTRACT between the CWCB and the BORROWER. The LOAN CONTRACT creates security interests in favor of the CWCB to secure the prompt payment of all amounts that may become due hereunder. Said security interests are evidenced Appendix A Page 1 of 2