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1111111111111111111111 t:~~~~~6:~00R Patty Carter Sedgwick county DT ~ 18,00 D 0.00 Deed of Trust DATE: June 1, 2003. GRANTOR: GLENN D. TOYNE, a Colorado individual BENEFICIARY: COLORADO WATER CONSERVATION BOARD COUNTY: SEDGWICK COUNTY PRINCIPAL LOAN AMOUNT: $76,356 LOAN CONTRACT: Loan Contract No, C150140, dated June 1,2003 TERMS: Interest of 2.75% per annum and repayment period of 30 years COLLATERAL: An undivided one hundred percent (100%) interest in and to 160 acres (mol) described as the NW Yo of Section 26, Township 11 North, Range 47 West, 6th P.M., Sedgwick County, together with all water and water rights appurtenant to the property for domestic, livestock or irrigation use including but not limited to a pro rata share of the augmentation water generated through the water recharge project constructed with the proceeds from this loan and the GASP units associated with the wells located . on the described property, and all pumps, motors, electric panels and ancillary equipment associated with the irrigation of said property. This indenture is between the GRANTOR, and the Public Trustee of the above referenced COUNTY, State of Colorado ("PUBLIC TRUSTEE"), Factual Recitals 1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with TERMS OF REPAYMENT and in accordance with the Promissory Note or until loan is paid in full. .2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of said Promissory Note to the BENEFICIARY. . 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, the above described COLLATERAL. To have and to hold the same, together with all appurtenances, in trust Appendix 3 to Loan Contract C150140