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<br />? any thereof, shall be entitled to a Receiver for said Property, and of the rents, issues and profits thereof,
<br />after such default, including the time covered by foreclosure proceedings and the period of redemption,
<br />if any there be, and shall be entitled thereto as a matter of right without regard to the solvency or
<br />insolvency of the GRANTOR or of the then owner of said Property and without regard to the value thereof,
<br />and such Receiver may be appointed by any court of competent jurisdiction upon ex parte application
<br />and without notice - notice being hereby expressly waived - and all rents, issues and profits, income and
<br />revenue therefrom shall be applied by such Receiver to the payment of the indebtedness hereby
<br />secured, according to the law and the orders and directions of the court.
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<br />And, that in case of default in any of said payments of principal or interest, according to the tenor
<br />and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants
<br />or agreements contained herein and in the Contract, by the GRANTOR, its successors or assigns, then
<br />and in that case the whole of said principal sum hereby secured, and the interest thereon to the time of
<br />the sale, may at once, at the option of the legal holder thereof, become due and payable, and the said
<br />Property be sold in the manner and with the same effect as if said indebtedness had matured, and that
<br />if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in
<br />the supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the
<br />cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be
<br />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
<br />is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants
<br />and agreements contained herein and in the Contract shall extend to and be binding upon the
<br />successors or assigns of the respective parties hereto; and that the singular number shall include the
<br />plural, the plural the singular, and the use of any gender shall be applicable to all genders.
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<br />7'~(*~~~';,~ay and date first written above.
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<br />.\~':~~.\ The North Poudre Irrigation Company,
<br />'. ~~~.r.; a Color on~po '. cor tion
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<br />'!f!:.,; ary Simpson, Pr
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<br />By
<br />haron Seawort ,Corporate Secretary
<br />
<br />State of Colorado )
<br />) SS
<br />County of t-.. ~/;"111Z Je...., )
<br />
<br />The foregoing instrument was acknowledged before me this~ day of (f)~ --1-0 j~2001,
<br />by Gary Simpson and Sharon Seaworth as President and Secretary, respectively, of The North Poudre
<br />Irrigation Company. Witness my hand and official se.l.~
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<br />2) / ~~;. ..?$) \. Notary Public
<br />My commission expires: ....J :3 J {)Lf ! :" \'\ 0 T A A Y\ \
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