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SEP-15-2004-•WED 10; l0 AM BLGS IAW FILM <br />FAX Pfo, 3J3 413 1003 <br />P, 01 ~ <br />SEP-1x2004 0845 Lafm'ye Metro Land 303 657 4037 P.17 <br />~~~ <br />E7CEI.TY31T 8 <br />•. <br />S1:raoRDINATiON AGREEMENT •. . <br />TlflS SUSORDINATTON AGREEMENT is made on .between <br />' , as owner of the land (Landowner), whose ' ;1' <br />address and (Beneficiary), the present ' <br />holder of a Deed of Trust and note, whose address is ._ ~:.. <br />' RECITALS •, <br />i. Landowner is the owner of a certain parcel of real property situated in the Cottnty of Weld ' '~ ~~ <br />and.3tate o'f Colorado, as described is EXHIBIT B-1, attached to and incorporated herein, _ <br />did oxecute a Deed of Trust dated , to the Public Trustee dated ,the ' , <br />public Trustee in and for the County of to secure a Hate in the original principal <br />amount of S dated , and payable to ' <br />.Said Deed of Trust was recorded on <br />- , at Reception No. , of the rt:cords of said County. <br />'L. The Smith and 1!:mmons Ditcb (Ditch) crosses portions of the properly described in <br />EXHIBIT $-1. To facilitate Landotvaer's proposed development of the property, Lafarge <br />West, Ina ("Lafarge") and the owner of the Ditch, the Smith and Emmons Ditoh Company . <br />. _ -(Dirch-Coatpany~,-erUered~itltosn-Agreememto-Modify]Jitch~ad~itc}A~asement- _..-._ .... ... ........_ _. <br />....- ... <br />_ . ?l .--- enter, wtatdh is attac7ed hereto aS EXffiBITB=2-'foTiicilitate the eztreod-oq of 'sand _ -- <br />( _g[eem <br />artd ~,avel f;oro the Property, Landowner desirca'to relocate approximately one tlwusand • . <br />flute huudied azrcl filly (1350) feet of the Ditch and to install a one thousand tW'o hundred and <br />fifty (]250) footlong concrete-]rood ditclti tluee (3) drop xtruutoresi sIX (6) uudcsdrains; one <br />.. .. _.._...._ ...(1) concrcto.culvots;,.aad_erne.(l)_divcrsionstntctuco.(Ittstn]lntions).. The.{~gyccmeutsetsSusth......._...._._. .,..,...... <br />tezms~ rights end obligations wig respaot to the Inatallntiops. Paragraph 3.2 of the <br />Agent requites the Landowa~ to dead an easameat, the form of which fs aMachod es ' <br />Exhibit C to the Agreement, to the Dicck Company for the trelooated portion of the Ditch <br />(Basement Deed). <br />3. It is the desire of the patties anal to the mu.b>A1 benefit of all parties that the lien of the Deed of <br />Trust in favor of the Beneficiary be subordinate to the Raeement J7eer1 to he deeded by <br />Landowner in the future, <br />~+ .; <br />C,'~DaCUNE116Jp,~NI.DGIS-~11TEMP,C,NO'fEB.MTF4~9t867.DOC &BpC997P4 NEW <br />10 <br />