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<br />IIIJfI2-f872J72113'''12 i22'f'DTk['..Nl'cho!'." .
<br />2 0' 2 R 11.00 D 0.00 N 0.00 Crowley Co, Co
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<br />COLLATERAL in fee simple, and has full power and lawful authority to grant, bargain, sell and convey the
<br />same in the manner and form as aforesaid. The GRANTOR fully waives and releases all rights and claims
<br />it 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. .
<br />
<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.
<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 principal
<br />sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY, become due
<br />and payable, and the said COLLATERAL 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 PUBLIC 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 />PUBLIC TRUSTEE asa part of the cost of foreclosure, and if foreclosure be made through the courts a
<br />reasonable attorney's fee shall be taxed by the court as a part of the cost of such foreclosure
<br />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 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 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 applicable to all
<br />. "'"~'~fe'~~/
<br />~:R.~\~~," '-~:;:4~~~:~:::;.- The Lake Meredith Reservoir Company, a Colorado
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<br />\ ~,;~ ,j~;,;z:(.;~j~;~'_ Y. . hilip Saletta President
<br />~. '. .0; ",x . . .l~~~~~..~__", .. '
<br />
<br />
<br />County of
<br />
<br />Crowley
<br />
<br />)
<br />) SS
<br />)
<br />
<br />State of Colorado
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<br />The foregoing instrument was acknowledged before me this 14 th day of Mav 2003, by Philip
<br />Saletta and Scott Campbell as President and Corporate Secretary, respectively, of The Lake
<br />Meredith Reservoir Company. Witness my hand and official seal.
<br />
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<br />.~'\~M~&~Ofl.el<pires. 5/19/2006
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<br />a/lUJi .
<br />
<br />Notary Public
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