CT2016-1597 Filed DOT Amend 1 - Laserfiche WebLink

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VIII I III I I IIIII IIIII II II I II 111111111111 III II i III III 03547527 09/3012016 02:00 PM RF:$16.00 DF:$0.00 Boulder County Clerk,CO APPENDIX C,AMENDMENT No.1 TO LOAN CONTRACT CT2o16-1597 AMENDMENT TO DEED OF TRUST Date: July 11, 2016 Grantor (Borrower): Oligarchy Irrigation Company Beneficiary(Lender): Colorado Water Conservation Board Address: 1313 Sherman Street, Room 718, Denver, Colorado, 80203 Date of Deed of Trust: September 4, 2015 Recorded Date of Deed of Trust: October 2, 2015 County of Recording("County"): Boulder Deed of Trust Recording Information: 03477376 Loan Contract Number: CT2016-1597 Promissory Note: $901,930.00, 2.40%,3o Years, Annual payment$42,519.58 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 an increase of$120,190.00 to the TOTAL LOAN AMOUNT. The TOTAL LOAN AMOUNT increased from$781,740.00 to $901,930.00. NOW THEREFORE, the CWCB and Grantor agree that: 1. This AMENDMENT TO DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT CT2016-1597 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 October 2, 2015, reception number 03477376 in Boulder County. 2. The Grantor has executed a PROMISSORY NOTE, in the amount of$901,930.00 to secure the repayment of the indebtedness, evidenced by LOAN CONTRACT NO. CT2016-1597 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. 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. Appendix C Page iof2