CT2015-024 Filed DOT Amend 1 - Laserfiche WebLink

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RECEPTION#: 20160002440, 01/14/2016 at • • 11:13:24 AM,1 OF 2, R $16.00 TD Pgs: 0 Angela Myers, Clerk& Recorder, Larimer County, CO APPENDIX C, AMENDMENT No.1 TO LOAN CONTRACT No. CT2015-024 AMENDMENT TO DEED OF TRUST Date: December 9, 2015 Grantor(Borrower): North Poudre Irrigation Company Beneficiary (Lender): Colorado Water Conservation Board Date of Deed of Trust October 21, 2015 Recording Date of Deed of Trust: November 12, 2013 County of Recording ("County"): Larimer Deed of Trust Recording Information: #20130083373 Loan Contract Number: CT2015-024 Promissory Note: $876,680.00, with no payments and zero interest for the first five (5) years followed by 27 years of amortized payments at the interest rate of 2.35% or until paid in full. This Amendment to ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee of the County, State of Colorado. The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the Beneficiary. Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect the increase in the total loan contract amount. NOW THEREFORE, the CWCB and Grantor agree that: 1. This AMENDMENT TO DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT No. CT2015-024 shall supplement and operate in conjunction with the DEED OF TRUST attached to the ORIGINAL CONTRACT as APPENDIX 5 and incorporated herein by reference, recorded November 12, 2013, reception number 20130083373, Larimer County. 2. The Grantor has executed a PROMISSORY NOTE, in the amount of $876,680.00 to secure the repayment of the indebtedness, evidenced by LOAN CONTRACT No. CT2015-024 and AMENDMENT NO.1 to the ORIGINAL LOAN CONTRACT, to be repaid to the State of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual installments, in accordance with said PROMISSORY NOTE, or until the loan is paid in full. °m 3. In the event of any conflict, inconsistency, variance, or contradiction between the provisions of this amendment and any of the provisions of the original deed of trust, the provisions of this amendment shall in all respects supersede, govern, and control. °° 4. Any provisions of the original deed of trust not expressly modified herein remain in "'` full force and effect. W -o �N N ao o Appendix C to Amendment No.1 pw- Page1of2 N oaMW ,tSr-O