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ist southwest Bank <br /> CHANGE IN TERMS AGREEMENT <br /> Prtnt:ipal LOOM pate lVlatt,tit'tty 1�aaii Np Calt�t coo A+i;00t ..0'"icer llii <br /> 1 t" <br /> $ :oa . 3.492T02302 320 . .- GAA0377 13zm <br /> References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. <br /> Any item above containing"" 'has been omitted due to text length limitations. <br /> Borrower: GEORGE F GALLEGOS Lender: First Southwest Bank <br /> PO BOX 575 Alamosa Main Branch <br /> ROMEO,CO 81148 720 Main Street <br /> P.O.Box 1139 <br /> Alamosa,CO 81101 <br /> (719)587-4200 <br /> Principal Amount: $28,034.00 Date of Agreement: November 20, 2017 <br /> DESCRIPTION OF EXISTING INDEBTEDNESS. All principal, inteTast, and other amounts, costs, and expenses payable under: the Promissory <br /> Note between Lender and Borrower in the original principal amount of $28,034.00 dated November 3, 2008 ("Note"); any other documents <br /> executed in connection with the loan;and all renewals,extensions, modifications,and consolidations of, the Note and other Loan documents. <br /> DESCRIPTION OF CHANGE IN TERMS. In consideration of a 1%Loan Fee in the amount of$280.34 and a Doc Fee in the amount of$42.00, It <br /> is hereby mutually agreed upon that the interest rate shall be increase from a fixed rate of 2.20%to 2.98%,the maturity date of the Note shall <br /> be extended from November 3, 2017 to November 3, 2018. Interest rate and payment information is detailed below. All other terms and <br /> conditions will remain the same as disclosed in the original loan documents and all subsequent loan modifications. <br /> PAYMENT. Borrower will pay this loan in one principal payment of $28,034.00 plus Interest on November 3, 2018. This payment due on <br /> November 3,2018,will be for all principal and all accrued interest not yet paid. <br /> INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360 basis;that Is,by applying the ratio of the interest rate over <br /> a year of 360 days,multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. <br /> All Interest payable under this loan is computed using this method. <br /> CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all <br /> agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does <br /> not waive Lender's right to strict performance of the obligation(s)as changed, nor obligate Lender to make any future change in terms. Nothing <br /> in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and <br /> endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or <br /> endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation <br /> does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the <br /> representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released <br /> by it. This waiver applies not only to any initial extension, modification or release,but also to all such subsequent actions. <br /> PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER <br /> AGREES TO THE TERMS OF THE AGREEMENT. <br /> BORROWER: <br /> ED RUG AL G <br /> LENDER: <br /> FIRST SOUTHWEST BANK <br /> ut or z igner r <br /> L—PI,V.r 17210037 Coin D.II USA fo,Po ja 1997 2017 Nl Rph11 R.—W CO L`CPI LI'LID20C I C TR 10350 PR 16 <br />