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AMENDMENT No. 2 TO DEED OF TRUST
<br /> Date: September 13, 2011
<br /> Grantor (Borrower): Beaver Park Water, Inc.
<br /> Beneficiary (Lender): Colorado Water Conservation Board
<br /> Date of Deed of Trust: October 23, 1996, amended April 1, 1997
<br /> Recording Date of Deed of Trust: 12/09/1996, amended 04/25/1997
<br /> County of Recording ("County"): Fremont
<br /> Deed of Trust Recording Information: 656561, B-1268, P-279 (2 pages), amended
<br /> 661810, B-1280, P-604 (2 pages)
<br /> Loan Contracts: C153742, dated November 12, 1996,
<br /> amended April 18, 1997
<br /> C153333, dated September 15, 1980,
<br /> RECEPTION#: 890102, amended September 13, 2011
<br /> 10/12/2011 at 01:25:38 PM, 1 OF 3, R$21.00 C153355, dated September 1, 1981, amended
<br /> KATIE E. BARR, CLERK AND RECORDER September 13, 2011
<br /> FREMONT COUNTY, CO C153320, dated December 15, 1979,
<br /> amended September 13, 2011
<br /> C153438, dated August 1, 1985, amended
<br /> September 13, 2011
<br /> C153501, dated August 6, 1987, amended
<br /> September 13, 2011
<br /> Promissory Notes: $975,000, 3.5%, 30 years, dated April 18,
<br /> 1997
<br /> $350,000, 3%, 40 Years, dated September 13,
<br /> 2011
<br /> $280,000, 3%, 40 years, dated September 13,
<br /> 2011
<br /> $1,500,000, 3%, 40 years, dated September
<br /> 13, 2011
<br /> $125,000, 5%, 40 years, dated September 13,
<br /> 2011
<br /> $125,000, 5%, 40 years, dated September 13,
<br /> 2011
<br /> This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of the
<br /> County, State of Colorado.
<br /> The Original Deed of Trust was recorded to secure repayment of the indebtedness
<br /> evidenced by Loan Contract C153742 and Promissory Note between the Grantor and the
<br /> Beneficiary.
<br /> Based upon Grantor's need for the Beneficiary to re-convey the original collateral for
<br /> loan contracts C153333, C153355, C153320, C153438 and C153501 back to Grantor, Grantor
<br /> has agreed to substitute as new collateral for those five loans the Brush Hollow Dam and
<br /> Reservoir, which is already encumbered by the Beneficiary under loan contract C153742 in the
<br /> Appendix B-1 to Loan Contract C153742 Amendment No. 1
<br />
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