C150159 Contract

• Contract/PO #: C150159
• Contract/PO #: CT2017-1209
• Contractor Name: Orphan Wells of Wiggins, LLC
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Loan Projects - Doc Type: Contract Documents

{
83'30600!5/01/2006 12:270 81241 P811 C. INGMIRE
1 of 2 R 11.00 D 0.00 Morgan County, CO
Deed of Trust
DATE: February 1, 2004
GRANTOR: Orphan Wells of Wiggins, L.L.C.
BENEFICIARY: COLORADO WATER CONSERVATION BOARD
1313 SHERMAN STREET, SUITE 721
DENVER, CO 80203
COUNTY: MORGAN
PRINCIPAL LOAN AMOUNT: $1,048,077.00
LOAN CONTRACT: Loan Contfact No. C150159, dated February 1, 2004
This indenture is between the GRANTOR,
COUNTY, State of Colorado ( "PUBLIC TRUSTEE"),
Factual Recitals
and the Public Trustee of the above referenced
1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the LOAN
CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with TERMS
OF REPAYMENT and in accordance with the Promissory Note or until loan is paid in full.
2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of said
Promissory Note to the BENEFICIARY.
The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby
grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described
COLLATERAL.
To have and to hold the same, together with all appurtenances, in trust nevertheless, that in
case of default in the payment of said Promissory Note, or any part thereof, or the interest thereon, or
in the performance of any covenants hereinafter set forth or in said Promissory Note or LOAN
CONTRACT, then upon the BENEFICIARY filing notice of election and demand for sale, said PUBLIC
TRUSTEE, after advertising notice of said sale weekly for not less than four weeks in some newspaper
of general circulation in said COUNTY, shall sell said COLLATERAL in the manner provided by law in
effect at the time of filing said notice and demand, at public auction for cash, at any proper place
designated in the notice of sale. Out of the proceeds of said sale, the PUBLIC TRUSTEE shall retain or
pay first all fees, charges and costs and all moneys advanced for taxes, insurance and assessments,
or on any prior encumbrance, with interest thereon and pay the principal and interest due on said
Promissory Note, rendering the overplus, if any, unto the GRANTOR; and after the expiration of the
time of redemption, the PUBLIC TRUSTEE shall execute and deliver to the purchaser a deed to the
COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL or any part thereof at such sale.
The GRANTOR covenants that at the time of the delivery of these presents, it is well seized of
the COLLATERAL in fee simple, and has full power and lawful authority to grant, bargain, sell and
Appendix 5 to Loan Contract C150159