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<br />20050494 4/22/20058:30:00 AM PATTI NICKELL
<br />2 of 4 DT R $21.00 D $0.00 Bent CQunty. CO
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<br />COLLATERAL in the quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and
<br />assigns, against all and every person or persons lawfully claiming or to claim the whole or any part
<br />thereof by through or under the GRANTOR.
<br />
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the COLLATERAL; any and all amounts due on account of the principal and
<br />interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL insured in
<br />accordance with the requirements of the LOAN CONTRACT. In the event of the sale or transfer of the
<br />COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the note immediately
<br />due and payable.
<br />
<br />In case of default in any of said payments of the principal or interest, according to the terms of
<br />said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said
<br />principal sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY,
<br />become due and payable, and the said COLLATERAL be sold in the manner and with the same effect as
<br />if said indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an
<br />attorney's fee in a reasonable amount for seNices in the supeNision of said foreclosure proceedings
<br />shall be allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made
<br />through the courts a reasonable attorney's fee shall be taxed by the court as a part of the cost of such
<br />foreclosure proceedings.
<br />
<br />It is further understood and agreed, that if a release or a partial release of this Deed of Trust is
<br />required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants
<br />and agreements contained herein and in the Promissory Note and LOAN CONTRACT shall extend to and
<br />be binding upon the successors or assigns of the respective parties hereto; and that the singular
<br />number shall include the plural, the plural the singular, and the use of any gender shall be applicable
<br />to aIlgend~rs.
<br />
<br />,/";' '(j.:iE,recuted the day and date first written above.
<br />",\ ()" -, fi
<br />,~:if'" .' . .J. The Lower Arkansas Water Management Association, a
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<br />,err .," '.J" . (. '/." Colorado no profit cor:~rat1
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<br />""~' .,,<'::.~,~" WiJ*im J. Grasmick, President
<br />. '-Ii" A, I~ i. E.ST!" \:' C! f':'
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<br />"~.~J~2 t
<br />By"-'. ._- ~
<br />Donald F. Hig ee, Corpora
<br />
<br />County of Vp ql ue , S
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<br />~
<br />
<br />
<br />REC I:l 512323
<br />Pro.....rs Count.v.
<br />
<br />09/18/2006 03:45:46 PM
<br />co OT Pac..: 2 of 4 R:21.00 0:0.00
<br />
<br />~:I~:_-' ,; _' . ; ,'C
<br />State of C0l0rado,:
<br />.~'>~'.\.-., ';':'~ ->- J\;\<'~>':':
<br />
<br />f~'~;'.f~~e~qi~'~'l~~tryrti~rit was acknowledged before me this B day of )J.rlll (\ h.. 2004, by
<br />:WilJia,f!5}'V;.l'fprash)fgk and Donald F. Higbee, as President and Corporate Secretary,
<br />irEispe~Y~'Qfihe'Lower Arkansas Water Management Association. Witness my hand and
<br />:otfJ9j~P~~~\ \t /,'
<br />MYjc~~~ssjor(~xPires C\\?':I \7 (YSl Notary PUbli~l-L!l. ~ SO'-\c.....
<br />
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<br />Return recorded deed of trust to: CWCB Finance Section, Attn: Jan lilian, 1580 Logan Street, Suite
<br />750, Denver CO 80203 (Phone Number 303-866-3462)
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