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<br />SECOND AMENDMENT TO BOND <br /> <br />This Second Amendment to Bond ("Amendment") is by and <br />between the CITY OF LOUISVILLE, COLORADO, a political subdivision <br />of the State of Colorado (the "Issuer"), and BANK ONE, BOULDER, <br />N.A. (the successor to the First National Bank of Louisville) (the <br />"Lender" ) . <br /> <br />RECITALS <br /> <br />A. The Issuer has issued and delivered its Industrial <br />Development Revenue Bond (FIRMM Investments Project) Series 1982, <br />in the original principal amount of $475,000 ("Bond"). Lender is <br />the registered owner of the Bond. <br /> <br />B. The Issuer and the Lender are desirous of entering <br />into this Amendment to modify the interest payable in accordance <br />with the terms of the Bond. <br /> <br />AMENDMENT <br /> <br />1. Interest Rate. The Bond is hereby modified and <br />amended to provide that the unpaid principal balance outstanding <br />from time to time under the Bond shall accrue interest from the <br />Effective Date hereof at the rate of eight percent (8%), simple <br />interest, per annum. <br /> <br />2. Transfer of Bond. No transfer of the Bond shall be <br />effective unless the Bond is accompanied by this Amendment. <br /> <br />3. Conflict. Except as is specifically modified herein, <br />the terms of the Bond shall remain in full force and effect. To <br />the extent there is any conflict between the terms and provisions <br />of this Amendment and the Bond, the terms and provisions of this <br />Amendment shall control. <br /> <br />- 5 - <br />