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Home My WebLink Aboutbocc.con.225.2002 CONTRACT# P 5'o MODIFICATION OF NOTE AND DEED OF TRUST (Sustainable Conservation,Inc.—Pitkin County) There was recorded on the 1 st day of November,2000,as Reception No.448476,of the records in the office of the County Clerk and Recorder of the County of Pitkin,Colorado,a Deed of Trust(the"Deed of Trust"),dated November 1, 2002, executed and delivered by: Sustainable Conservation Inc., a Maryland non-profit corporation, 1800 North Kent Street, Suite H 20,Arlington,VA 22209 ("Grantor"),to secure to: the Board of County Commissioners of Pitkin County,Colorado, 530 Main Street, Suite 302, Aspen, CO 81611 (`Beneficiary"),the payment of an indebtedness in the face amount of$2,090,700.00 evidenced by a Promissory Note from Grantor to Beneficiary dated November 1,2000(the"Note"), which is described in the Deed of Trust, creating a lien upon the following described property situate in the County of Pitkin, Colorado: See Exhibit A, attached NOW,THEREFORE,this modification is made by the owner of the indebtedness secured by said instrument in writing for the purpose of setting forth a revision to the interest rate and due date on the Note as follows: The interest rate on the indebtedness shall be 0 percent per annum from November 1, 2002 until November 3, 2003, when the indebtedness is payable in full. and except as modified herein,the lien created by said instrument in writing and the notice thereof is hereby renewed and shall continue and be in full force and effect. Dated effective October 3t S4,2002. Board oJ ounty Commissioners of Pitkin County, Colorado By: % l Title: STATE OF COLORADO ) ss. COUNTY OF� " ) The foregoing instrument was acknowledged before me this3kS� day of (D(-�o` e-C ,2002,by as (�U C( ChCLC t of the Board of County Commissioners of Pitkin County, Colorado WPFNESS my hand and official seal. v'commission expiresMYOMMMEOMW Notary Public `�� ,��• °' 477068 ta\tcflUlrych\County\Sustainable mod DTI 1 I IIIIII IIIII IIIIII IIIII IIIIII IIII IIIIII III IIIII IIII IIII pa 01908/2003 10/30/02 01:33P SI}ILVIA DAVIS PITKIN COUNTY CO R 0.00 D 0.00 I EXHIBIT A LECAI. OHSCRIP'rIOfJ PARCEL D: Sustainable Conservation PARCH. 11 A hact of land siluale in Sections 22 and 27, Township 6 South, Range fill West of llie Glh Principal Meridian being more pmliccrlarly described as follows: 11t:ginniiig al a point whence (he soulhwesl corner of said Section 22 bears S 00°IQ'03" W 750.03 feel; thence S 119059 E'S1" I993.51 feel to the west right-of-way line of Colorado Stale I fighway No. 133 as described in Gook 191 at Page m% of the records of the Cleric and Recorder of Pilkin County, Colorado; thence along said right-of-way line file following course: S 4"28'54" W OOO.OD feel; lit ence N 89"59'45" W 1933.4,1 feet 10 the west line of said Section 27; 'hence I•( 0"111'30" E '17.3D to the norlhwesl corner of said Section 27; Ihence h! 0"10'03" E 750.03 feel along the west line of said Section 22 to the poinl of beginning. I'ARCI--L. IV A Iraq of land siluale in Seclion 22, Township 0 South, Range 116 West of the 6lh Principal Meridian being nlofe parliculmly described as follows: Ileg01110119 al it point whence the soulhwesl corner Of said Section 22 bears S 00"10'03" W 2278.55 feel; Ihence S 119"59"20" E 2 1011.81 feel to the west righl-ol-way of Colorado Slate I Iighway No, 133 as (lescribed in floolc 19 1 at Page 506 o1 the records of the Cleric and Recorder of Pilkin Counly, Colorado; Ihence alcing said righl-ol-way line the I01I0win9 course S 1"28'54" W 759.01 feel; Ihence S 89"59'51"W 2051.72 feel Io the west line of said Section 22; thence N 0"10'03" E 757.20 feel along said west line to the point of beginning. PARC1=1- VI A Irac-t of land situate in Section 22, Township 0 South, Range 00 West of the 6111 Principal Meridian being more parllcutarly described as follows: Ileglnning at a point whence the soulhwesl corner of said Section 22 bears S 14"50'57" W 5233.110 feel; Ihence S 09°38'33" 1_ '13311.12 feel; thence S 0042'31"W 62.30 feel to the west righl-of-way line of Colorado Stale 1119hway No. 133 as described In hook 191 at Page 506 of the ReCOfds of Ills Clerk and Recorder of Pilkin Counly, Colorado; Vienne alnn(_) said fight-of-way line the (011owing courses: S 16052'54" W 791.44 feel; thence S 13"10'24" W 100.50 feel; Ihence S 10"52'54" W 72.10 reel; Ihence 450.99 feel along the arc: of a curve Io the tell having a radius of central angle of 6"40'37" and subtending a chord bearing S 15"32'40" W g50.73 Teel; thence, leaving 31170.00 feet, a said (ighl-of-way line on a course bearing IJ 89°1I0'15"W 925.03 feel to the west line of line E 1/2 of the 1,1W 1/4 of said Section 22; Ihence N 0'26'20" E 1414.62 feel along said west line to the point of beginning. PARCEL. vlll A Iraq of land situate in Section 27, -fowship D South, Range DD West of the G parlic lh Principal Meridian being more ularly descdbed as follows: Beginning al a point whence the norlhwesl corner of said Section 27 bears N 45"04'02" W 3992.42 feet, Ihence S 90000'00" E* 1093.06 feel to the east line of Lot 9 0( Section 27; Ihence S 0°30'42"W 1177.02 along the east line of Lot 9; Ihence 11) 119"32'37"W 12�4 09 feel along the south line of Lot 9 to the east line of Lot 14 of said Section 27; lhence S 0006'30"W 1330.03 feet along said line to the soulh 1/4 corner of section 27; Ihence N 09°20'06" W 2 15.76 feet along the south line of section 27 to the east right-of-way line of Colorado Slate Highway IJo. 133 as described in look 101 at Page 507 of the records of the Clerk and Recorder of Pilkin Counly, Colorado; thence along said righl-ol-way line Ilne following courses: IN 13"17'20" E 32.0D feel; Ihence N 10"57'50" E 207.20 feel; Ihence 295.49 feel along the arc of a slave to [lie left, having'a radius of 670.60 feel, a central angle of 1 207.20" and slence tn9 ,1 chord bearing I! 3"20'40" W 294.10 feel; Ihence N 17"36'10" W 207.20 feel; thence N 19"511'40" W 666.00 feel; thence N 19'28',10" W 190.40 fuel; Ihence Il 17'23'10" W 117.89 feel; Ihence N 7"30'12" W 169.40 feel to the north line of Lot 15 of Section 27; thence H 90"00'00" E 597.99 (eel along the north line of [-of 15; Ihence S DO"3L`'S 1" I 2 15.D2 feel; Ihence N 0"40`11" E GG 1.116 feel to the point of beginning. PARCEL X A "act of land siluale In Section 27, Township 1) South, Range DO West of Ihc! 61h Principal Meridian being more parlicularly described as follows: Reglnnfng at a point whence the norlhwesl corner of said Section 27 bears 11 65 90000100" E 11 I0.99 feet to the east line of Lot 3 of said Section 27 feel; thence S 0"35.23" W 691.591 feetfee litelrenc-e S norlhwesl corner of Lol 7 of said Section 27: Ihence N 89"52'30" E 10D7.00 feel along the north line of Lot 7 to Roe northeast corner of t.01 7; thence S 0"30'g2" W 475.14 along the east line of said Lot T. Ihence IJ If,- W 69"2' In the center of-I hOmpson Creek; thence along the center of Thornpson Creels the following courses: S 51"i10'03" W J I(160.111 2 11.711 feel; Ihence S 44"23'23"W 194.90 )eel; Ihence S 66"Ofy,la- W 69.53 feel; Ihence N 29"59'59" W 44.79 feel; Ihence ;i 51"07'06"W 76.63 feel; thence S 26*01'14" W 68.18 feel; lhence S 03"19'52" 1W 92.07 feel; Ihence N 6 1"22'06" W 91.22 feel; thence S 72"27'31"W 214.40 feel; thence N D 1"41'59" W 66.49 feet to file east righl-of-tvay line of COlufado Stale I-IicJhway 133 as described in [look 191 a1 Page 507 of the records of the Clerk and Recorder of Pilkin Counly, Colorado; Ihence along said right-ol-way line the following course: I"28'54" E 1550 71 feel to the point of beginning. N • 1111111IIIII11111111111 477068 1111111111111111 lill 0Page: 2 of1/08/2003 01:33P SILVIR DAVIS PITKIN COUN Ill III gill TY CO R 0.00 D 0.00