PROJ00184

• Contract/PO #: C153711
• Contractor Name: Castle Pines North Metro District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• Bill Number: HB 95-1155
• Loan Projects - Doc Type: Contract Documents

DC99Ob4845

99064845 - 07/23/99 11: 51 - CAROLE R. MURRAY DOUGLAS CO. COLO. CLERI?eBt"i~AUSTEE
B173b - P0091 - $15.00 ,;)()UG[AScdUNT?CoLOR4~

Amended Deed of Trust APR - 3' Z003 !J
To Amend Deed of Trust originally recorded in Douglt\fh.2MP.tYLED
State of Colorado, on June 19, 1996 (Book 1340Er~~~~ELEASED

This indenture, made this 1 st day of May 1999, between the Castle Pines North Metropolitan District and
the Castle Pines North Metropolitan District Water Activity Enterprise, whose address is 7404 Yorkshire Drive, Castle
Rock, Colorado 80104, hereinafter referred to as GRANTOR, and the Public Trustee of the County of Douglas, State of
Colorado, hereinafter referred to as PUBLIC TRUSTEE,

Witnesseth, that whereas, GRANTOR has executed a Promissory Note, which Is a part of Loan Contract
No. C153711, as amended (the Contract), for a loan In the principal sum of $255,803,52 to be repaid to the State of
Colorado for the use and benefit of the Department of Natural Resources, Water Conservation Board, whose address is
1313 Sherman Street, Room 721, Denver, Colorado 80203, with interest thereon from the date of first disbursement of
funds under the Contract payable in fifteen (15) annual installments, in accordance with the terms of the Promissory Note,
or until loan is paid in full. This deed of trust Is amended to document a reduced loan amount. The original deed of
trust, dated January 31, 1996, was recorded June 19, 1996 at Book 1347, Page 1733 with the Douglas County
Clerk and Recorder.

And whereas, the GRANTOR is desirous of securing payment of the principal and interest of said promissory
note to the State of Colorado.

Now, therefore, the GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby
grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, to wit: Three water wells described as
follows, all attachments and appurtenances, and the land upon which they are located (collectively or hereinafter referred
, to as the "Property"): The water wells, described as follows: Well A-1, Permit #27993-F, in the NE1/4 of the NE1/4,
Section 8, Township 7 South, Range 67 West, 6th P.M.: Well A-2, Permit #28858-F, in the NW1/4 of the SE1/4, Section
4, Township 7 South, Range 67 West, 6th P.M.;.and Well A-3, Permit #27995-F, in the NE1/4 of the SW1/4, Section 9,
Township 7 South, Range 67 West, 6th P.M., together will all equipment, pumps and casing associated with the wells,
the land upon which they are located, and all of the water rights owned or leased by the Castle Pines North Metropolitan
District and/or the Castle Pines North Metropolitan District Water Activity Enterprise as decreed in Case No. 84CW061,
Water Division 1, on July21, 1987.

To have and to hold the same, together with all and singular the privileges and appurtenances thereunto
belonging: In Trust nevertheless, that in case of default in the payment of said note, or any part thereof, or in the payment
of the interest thereon, according to the tenor and effect of said note or in the payment of any prior encumbrances,
principal or interest, if any, or in case default shall be made in or in case of violation or breach of any of the terms,
conditions, covenants or agreements contained in the Contract, the beneficiary hereunder may declare a violation of any
of the covenants contained in the Contract and elect to advertise said Property for sale, and demand such sale by filing a
notice of such election and demand for sale with the PUBLIC TRUSTEE. Upon receipt of such notice of election and
demand for sale, the PUBLIC TRUSTEE shall cause a copy of the same to be recorded in the recorder's office of the county
in which said Property is situated, it shall and may be lawful for the PUBLIC TRUSTEE to sell and dispose of the same (en
masse or in separate parcels, as the said PUBLIC TRUSTEE may think best), and all the right, title and interest of the
GRANTOR, its successors or assigns therein, at public auction at such time and at such location as shall be designated in
the PUBLIC TRUSTEE'S Notice of Sale, for the highest and best price the same will bring in cash, four weeks pubiic notice
having been previously given of the time and place of such sale, advertisement once each week for five consecutive
w~eks, in some newspaper of general circulation at that time published in said County of Douglas, a copy of which notice
'snail be mailed within ten days from the date of the first publication thereof to the GRANTOR at the address herein given
and to such person or persons appearing to have acquired a subsequent record interest in said Property at the address
given in the recorded instrument: where only the county and state is given as the address then such notice shall be
mailed to the county seat, and to make and give to the purchaser of the Property at such sale, a certificate in writing ,
describing the Property purchased, and the sum paid therefor, and the time when the purchaser (or other person entitled
thereto) shall be entitled to the deed therefor, unless the same shall be redeemed as is provided by law: and said PUBLIC
TRUSTEE shall, upon demand by the person holding the said certificate of purchase, when said demand is made, or upon
demand by the person entitled to a deed to and for the Property purchased, at the time such demand is made, the time
for redemption having expired, make and execute to such person a deed to the Property purchased, which said deed

i~
'~.P,{"
'\
'\

Attachment B to Loan Contract C153711 Amendment No.1