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AMENDED DEED OF TRUST TO AMEND DEED OF TRUST ORIGINALLY RECORDED IN CLEAR CREEK COUNTY, STaT~ oF CoLOeano, oN JaNU~Y 8,1999 (192964, B576 P735 DT~ This indenture, made this 4`h of November 1998, between the Town of Georgetown Water and Sewer Acrivity Enterprise, whose address is P.O. Box 426, Georgetown, Colorado 80444, hereinafter referred to as GRANTOR, and the Public Trustee of the County of Clear Creek, State of Colorado, hereinafter referred to as Puat,1C TRUSTEE, is hereby amended to correct the date made and to identify the certificate number of the stock granted herein, Witnesseth, that whereas, GR4?~'TOR h35 execnted a Prcm:ssory PvTOte, which is a part of Contract No. C153738 (the Contract) for a toan in the principal sum of $190,000 to be repaid to the STATE OF COLORADO or 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 at the effective interest rate of 5.25% per annum, payable in 30 annual installments, in accordance with the terms of the Promissory Note, or until the loan is paid in full. 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 GxnNTOtt, in consideration of the premises and for the purpose aforesaid, does hereby grant, bargain, sell and convey unto the said PUSL~c TRUSTEE in tn-st forever, to wit: One and one-half shares of stock of the Farmers I-~igh Line Canal and Reservoir Company, evidenced by Certificate No. 5784. The shares represent the Grantor's pro rata interest in the water rights shown on Attachment A, which is incorporated herein, (except priorities 1 and 48 which are wholly owned by the City of Wesmiinster), that were decreed for irrigarion purposes by decrees dated October 4, 1884 and October 9, 1895, entered by the District Court, Arapahoe County, and by decree dated May 13, 1936, entered by the District Court, City and County of Denver, (collecrively or hereinafter referred to as the "Property"). 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 violarion 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 elecrion and demand for sale, the PusL[C T[tusTEE 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 GxnNTOR, its successors or assigns therein, at public auction at such time and at such location as shall be designated in the PUS[.~C T[tUSTEE's Notice of Sale, for the highest and best price the same will bring in cash, four weeks public notice having been previously given of the rime and place of such sale, advertisement once each week for five consecutive weeks, in some newspaper of general circulation at that time published in said county, a copy of which notice shall be mailed within ten days from the date of the first publication thereof to the G~NTOR 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 tlie sum paid therefor, and the time when the purchaser (or other person entitled thereto) shall be entitled to the deed ~~crefe~',~~i~e,~the same shall be redeemed as is provided by law; and said PuBLlC TRUS1'EE shall, upon demand by t: ~ ~~_.~ ~ - ~, ~ ~~~~ ~~~ '~~~ I IIIIII IIIII IIIII IIIIIII IIII ill IIIIIIII III IIIII IIII IIII e;~;;~~~~~''>~~'''~~` 194174 03/2°.i/1999 10:32A B579 P833 AMENDDT ~'~'~` `''`'"""~"' ~~'~`~ 1 of 4 R 21.00 D 0.00 N 0.00 Clr Crk Cn1.y, Co