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. 1 e e . remitted to the CWCB by the borrower prior to initiation of the amendment. Amendments in the course of CWCB business, including, but not limited to, loan payment defennents (up to 3 per loan) and changes in terms of loan repayment will be processed at no additional charge to the borrower. Partial Releases of Collateral - A service fee of $500 will be assessed for each partial release of collateral provided for in the loan contract to cover the CWCB's administrative costs, local and county recording and releasing fees, and Colorado Secretary of State filing fees, where applicable. Where a loan contract includes multiple deeds of trust (or other security instruments), each additional instrument will be subject to an additional $500 charge. For example, a contract with five deeds of trust seeking a partial release will be charged $2,500. Such service fee will be applied every time a partial release is prepared over the life of the loan. The service fee shall be remitted to the CWCB by the borrower prior to preparing the release documents. Partial releases processed outside the terms of the contract and requiring a contract amendment will be considered an amendment subject to a $1,000 service fee. Service Fee Schedule - The table below lists the loan contracts, amendments, and partial releases of collateral subject to a service fee in accordance with the above policy. LOANS AMENDMENTS PARTIAL RELEASES OF 1 % SERVICE FEE $1,000 PER AMENDMENT COLLATERAL $500 PER RELEASE Construction Fund -Partial releases not included Partial releases provided for in the terms of the loan in the loan contract Severance Tax Trust Fund contract Perpetual Base Account -Change in borrower name (novation) -Assignment of contract -Substitution of collateral -Loan payment deferments (in excess of3 per loan) -Loan consolidation Approved by the CWCB November 26, 2002 Agenda Item #18a.