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<br />.-- <br />J ,:~.~ <br />, .' <br /> <br />'! <br /> <br />. <br /> <br />NOW THEREFORE, it is hereby agreed that <br /> <br />1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the <br />payments which shall be made pursuant to this Amendment and ORIGINAL CONTRACT and the. <br />promises and agreements herein set forth. <br /> <br />2. It is expressly agreed by the parties that this Amendment is supplemental to <br />the ORIGINAL CONTRACT, and is made a part hereof, and all terms, conditions, and provisions <br />thereof, unless specifically modified herein, are to apply to this Amendment as though <br />they were expressly rewritten, incorporated, and Included herein. <br /> <br />3. It is agreed the ORIGINAL CONTRACT is and shall be modified, altered, and changed <br />in the following respects only: <br /> <br />a. Paragraph B.7: the last paragraph (following 8.7.cl is changed to read as <br />follows: <br /> <br />Said general liability insurance shall name the State as additional insured. A <br />copy of the additional insured endorsement and a certificate of said liability <br />insurance must be filed with the STATE within thirty (30) days of the effective <br />date of this contract amendment. Evidence of current liability insurance <br />coverage is to be provided as renewals occur. <br /> <br />b. The following paragraph is appended to paragraph B.11 : <br /> <br />The state agrees that, due to the Contractor's significant financial difficulties, <br />the Contractor's annual installment payments described above shall be <br />deferred one and one-half years, making the next payment due on December <br />15, 1996. <br /> <br />c. The first three lines of paragraph 8.12 are changed to read as follows: <br /> <br />AS security for the loan be made to it by the State, execute a deed of <br />trust which shall convey to the State the following: <br /> <br />d. Paragraph J is changed to read as follows: <br /> <br />J. Release after loan is repaid. upon complete repayment to the STATE of the <br />entire principal and all accrued interest as described in Paragraph 8.11 above, <br />the STATE agrees to execute a release of deed of trust to convey to the <br />CONTRACTOR all of the STATE'S right, title, and interest in and to the PROJECT and <br />any other property described in the deed of trust referred to in paragraph <br />8.12 above. <br /> <br />4. The effective date of this Amendment is the date first written above. <br /> <br />5. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, <br /> <br />LONE CABIN DITCH & RESERVOIR CO. <br /> <br />Page 2 of 3 <br /> <br />CONTRACT AMENDMENT #2 <br />