PROJ00144

• Contract/PO #: C153347
• Contractor Name: Starkville, Town of
• Contract Type: Loan
• Water District: 19
• County: Las Animas
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Contract Documents

AMENDMENT TO DEED OF TRUST
Date:
Grantor (Borrower):
Beneficiary (Lender):
Date of Deed of Trust:
Recording Date of Deed of Trust:
County of Recording ( "County "):
Deed of Trust Recording Information:
Loan Contract:
Promissory Note:
January 25, 2013
Town of Starkville
Colorado Water Conservation Board
1983
April 20, 1984
Las Animas
No. 557112, Book 831, Page 329
C153347 and AMENDMENT 1 and AMENDMENT 2
$141,065.50, 0 %, 30 Years
This AMENDMENT to the 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 LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the Beneficiary.
Based upon the Grantor's financial hardship and that the Grantor has been delinquent in the
payment of the LOAN CONTRACT for several years, Grantor and Beneficiary have agreed to amend
the ORIGINAL DEED OF TRUST to pledge to the CWCB as collateral for the loan: the facilities fee, pledge
of assessment revenues and to convey a security interest in the property, which consists of a 6 -inch
tap, a meter vault and 6 -inch meter and a 6 -inch 9,000 linear foot main from the connection to Trinidad
at station 0 +00 water main southerly to station 90 +00 in Starkville. The AMENDMENT to the ORIGINAL
LOAN CONTRACT includes accrued interest forgiveness up to $20,000 and will amortize the current
principal balance of $141,065.50 with a loan term of 30 years at 0% interest, allowing the Grantor to
successfully repay the CWCB loan.
NOW THEREFORE, the CWCB and Grantor agree that:
1. The second full paragraph of the ORIGINAL DEED OF TRUST is hereby amended to read as follows:
The Grantor has executed a PROMISSORY NOTE dated January 25, 2013, to secure the repayment
of the indebtedness evidenced by LOAN CONTRACT No. C153347, dated June 1, 1981, as
amended on April 1, 1982 (AMENDMENT No. 1) and as amended January 25, 2013 (AMENDMENT
No. 2) for the current principal balance of $141,065.50 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 721,
Denver, CO 80203, payable in annual installments, in accordance with said PROMISSORY NOTE, or
until the loan is paid in full.
2. 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.
3. Any provisions of the original deed of trust not expressly modified herein remain in full force and
effect.
Attachment D to Loan Contract C153347 Amendment 2
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