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� <br />� <br />it may have in or to said Co��aTEr�a� as a Homestead Exemption or other exemption, now or hereafter <br />provided by law. The Gw�NTOR further covenants that the collateral is free and clear of all liens and <br />encumbrances whatever and that the Gr�arvroR shall warrant and forever defend the Co��aTERa,� in the <br />quiet and peaceable possession of the Pusuc TRUSTEE, its successors and assigns, against all and every <br />person or persons lawfully claiming or to claim the whole or any part thereof. <br />Until payment in full of the indebtedness, the GwatvTOR shall timely pay all taxes and assessments <br />levied on the COLLATERAL any and all amounts due on account of.the principal and interest or other sums <br />on any senior encumbrances, if any; and will keep the Co��,4TE�4� insured in accordance with the <br />requirements of the LoArv CotvTRaCT. In the event of the sale or transfer of the COLLATERAL the <br />BENEFICIARY at its option, may declare the entire balance of the note immediately due and payable. <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 LoA�t CoNTRa,cT, by the Gt�,4nrroR, its successors or assigns, then said principal <br />sum hereby secured, and interest thereon, may at once at the OptlOtl Of the BENEFICIARY become .due <br />and payable, and the said Co��a,rERa� be sold in the manner and with the same effect as if said <br />indebtedness had matured, and that if foreclosure be made by the Pua�ic TRUSTEE, an attorney's fee in a <br />reasonable amount for services in the supervision of said foreclosure proceedings shall be allowed by the <br />PuBUC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a <br />reasonable attomey's fee shall be taxed by the court as a part of the cost of such foreclosure <br />proceedings. <br />It is further understood and agreed, that if a release or a partial release of this Deed of Trust is <br />required, the GFtatv7oR, its successors or assigns will pay the expense thereof; that all the eovenants and <br />agreements contained herein and in the Promissory Note and LoAN CoNrRACT shall extend tQ and be <br />binding upon the successors or assigns of the respective parties. hereto; and that the singular number <br />shall include the plural, the plural the singular, and the use of any gender shall be applicabfe to all <br />genders. <br />South Side Ditch Company, a Colorado nonprofit <br />corporation <br />(SEAL) <br />Q., <br />�I.�. � �� 1 ����...r <br />John A. Whiteside, President <br />wunry or �anmer � <br />SS <br />State of Colorado ) .� <br />The foregoing instrument was acknowledged before me this o� day of 2003, by John A. Whiteside and Jon T. <br />Stephens as President and Corporate Secretary, respectiv , of th� SDUth Side Cornpa . Vyitness my hand and official <br />seal. ��^� „ ,, — ��� <br />=��Z <br />Notary Public ,,-t..; K ° �, <br />My commission expires: �� ,��� � . � <br />_ I a-(a�%o3 �.� � <br />, <br />�� �� <br />� � r �' 4� <br />)' � 4 s <br />��; ���(�� s <br />':�� - <br />��� � <br />P . ;`�`'"`-:. ; <br />age2of2 <br />