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<br />4001141 6/25/200410:45:00 AM AndrewE. Perea
<br />20f3 DT R $16.00 D $0.00 Coneios County. CO
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<br />may have in or to said COLLATERAL as a Homestead Exemption or other exemption, now or hereafter
<br />provided by law. The GRANTOR further covenants that the collateral is free and clear of all liens and
<br />encumbrances whatever and that the GRANTOR shall warrant and forever defend the COLLATERAL in the
<br />quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every
<br />person or persons lawfully claiming or to claim the whole or any part thereof.
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<br />Until payment in full of the indebtedness, the GRANTOR 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 COLLATERAL insured in accordance . with the
<br />requirements of the LOAN CONTRACT. 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.
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<br />In case of default in any of said payments of the principal or interest, according to the terms of said
<br />Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said principal sum
<br />hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY, become due and
<br />payable, and the said COLLATERAL be sold in the manner and with the same effect as if said indebtedness
<br />had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable
<br />amount for services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC
<br />TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable
<br />attorney's fee shall be taxed by the court as a part of the cost of such foreclosure proceedings.
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<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 and
<br />agreements contained herein and in the Promissory Note and LOAN CONTRACT shall extend to and be
<br />binding upon the successors or assigns of th.e respective parties hereto; and that the singular number shall
<br />include the plu~kme plural the singular, and the use of any gender shall be applicable to all genders.
<br />,1: ,:i'~~';:' ,~.
<br />. E~~Rqted~m.~'ei?Y and date first written above. . .
<br />. \;\..~~'7.~.:..::~tlo'~-'/ The Terrace lITIgation Company, a Colorado
<br />.-< ~..<-:~jO .:_.t:'\4.. "':; nonprofit corporation
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<br />By .
<br />J n L. Riddick, SecretarylTreasurer
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<br />County of ~'i ()~ )
<br />) SS
<br />State of Colorado )
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<br />The foregR.iA9~.Q$,tr~m,ent was acknowledged before me this J.f. day of r1IC(ru~ 2004, by Rodney
<br />R~inh~r!t~13~.~~ff:~' Riddick, as President and SecretaryfTreasurer, respectively, of The Terrace
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<br />Im:~!n.Z~~~;:7t:~;,mY hand and official seal. ~ rHQNW\~ Nom~ Public
<br />Mi~~"i~'g~~- rl-;)--Gl-tJ d V; ,
<br />-~~'" 1, ~~'4 ',>," " .0' <JG.:~~._,~~_:;t::,
<br />RetJ~~&s~tt1.cti~(l6',~titrust to.: CWCB Finance Section, Attn: Jan lilian, 1580 Logan Street,
<br />Suite 7!&;,Qe).\ver"t080203 (Phone Number 303-866-3462)
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