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<br />"
<br />
<br />forever defend the COLLATERAL in the quiet and peaceable possession of the PUBLIC TRUSTEE, its
<br />successors and assigns, against all and every person or persons lawfully claiming or to claim the
<br />whole or any part thereof.
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the COLLATERAL; any and all amounts due on account of the principal and
<br />interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL insured in
<br />accordance with the requirements of the LOAN CONTRACT. In the event of the sale or transfer of the
<br />COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the note immediately
<br />due and payable.
<br />In case of default in any of said payments of the principal or interest, according to the terms
<br />of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said
<br />principal sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY,
<br />become due and payable, and the said COLLATERAL be sold in the manner and with the same effect
<br />as if said indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an
<br />attorney's fee in a reasonable amount for services in the supervision of said foreclosure
<br />proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if
<br />foreclosure be made through the courts a reasonable attorney's fee shall be taxed by the court as a
<br />part of the cost of such foreclosure proceedings.
<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
<br />covenants and agreements contained herein and in the Promissory Note and LOAN CONTRACT shall
<br />extend to and be binding upon the successors or assigns of the respective parties hereto; and that
<br />the singular number shall include the plural, the plural the singular, and the use of any gender shall
<br />be applicable to all genders.
<br />Executed the day and date first written above.
<br /><'c",,';~~' The Fulton Irrigating Ditch Company, a
<br />..~:?~'~:~~' I COIOradt? mutual ditch company nonprofit
<br />l ::- f,;':'-FZ~, ;...:;' ',> corpora Ion
<br />;H~ f;" /d, ,} I$l~ 'A:~, ) .. ~
<br />
<br />tiC~'::~'~ j iI")
<br />. ..~.,~,~, ,; "
<br />:,~': ~~........ ...'. 'I.,.,~~ :;./':_ &: ,,~
<br />'''Attsst~-n;n (I' ....."
<br />
<br />, ,~ "~ _ ,_ ,"""",,,;{-3\l ~
<br />
<br />By c&?.f.r;Jl..4J. ~
<br />Cecil W. King, Pres' ent
<br />
<br />BY~~~
<br />Brice Steele, Corporate Secretary
<br />
<br />County of Adams )
<br />) SS
<br />State of Colorado )
<br />
<br />The foregoing instrument was acknowledged before me this ~day of
<br />Cecil W. King and Brice Steele, as President and Corporate Secretary, respe
<br />Irrigating Ditch Company. Witness my hand and official seal.
<br />
<br />
<br />
<br />_" commission Expires Feb. 5, 2005
<br />
<br />My commission expires
<br />
<br />'-f /-
<br />7-;}/
<br />
<br />Return recorded deed oftrustto: CWCB Finance Section, Attn: Janlllian, 1580 Logan
<br />Street, Suite 750, Denver CO 80203 (Phone Number 303-866-3462)
<br />Page 2 of 2
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