LPPD000414

• Contract/PO #: C150151
• Contractor Name: Windsor Reservoir and Canal Company
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

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it may have in or to said COLLATERAL as a Homestead Exemption or other exemption, now or hereafter
provided by law. The GRANTOR further covenants that the collateral is free and clear of all liens and
encumbrances whatever and that the GRANTOR shall warrant and forever defend the COLLATERAL in the
quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every
person or persons lawfully claiming or to claim the whole or any part thereof.

Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments
levied on the COLLATERAL; any and all amounts due on account of the principal and interest or other sums
on any senior encumbrances, if any; and will keep the COLLATERAL insured in accordance with the
requirements of the LOAN CONTRACT. In the event of the sale or transfer of the COLLATERAL, the
BENEFICIARY, at its option, may declare the entire balance of the note immediately due and payable.

In case of default in any of said payments of the principal or interest, according to the terms of
said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said principal
sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY, become due
and payable, and the said COLLATERAL be sold in the manner and with the same effect as if said
indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a
reasonable amount for services in the supervision of said foreclosure proceedings shaU be allowed by the
PUBLIC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a
reasonable attorney's fee shall be taxed by the court as a part of the cost of such foreclosure
proceedings.

It is further understood and agreed, that if a release or a partial release of this Deed of Trust is
required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and
agreements contained herein and in the Promissory Note and LOAN CONTRACT shall extend to and be
binding upon the successors or assigns of the respective parties hereto; and that the singular number
shall include the plural, the plural the singular, and the use of any gender shall be applicable to all
gen,de~s;

The Windsor Reservoir & Canal Company, a
Colorado nonprofit corporation

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''CO~Pt:ORATE
SEAL

County of

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State of Colorado

The foregoing instrument was acknowledged before me this date, ~. \ cl , 2003, by Barry
Anderson and Donn Engel as President and Corporate Secretary,respecively, of;;"fhe Windsor Reservoir
& Canal Company. Witness my hand and official seal. . - .. . .'..' .. """

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