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<br />b_ 8 b ~ 1 _. __ . _UUb 9.-{5 A1~~ Debra ~ Green
<br />~ of 3 DOT R$16.00 D$U.~iU Park County Clerk
<br />demand for sale, Sald PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less
<br />than four weeks in some newspaper of general circulation in said COUNTY, shall sell said
<br />COLLATERAL in the manner provided by law in effect at the time of filing said notice and
<br />demand, at public auction for cash, at any proper place designated in the notice of sale. Out
<br />of the proceeds of said sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and
<br />costs and all moneys advanced for taxes, insurance and assessments, or on any prior
<br />encumbrance, with interest thereon and pay the principal and interest due on said Promissory
<br />Note, rendering the overplus, if any, unto the GRANTOR; and after the expiration of the time of
<br />redemption, the PUBLIC TRUSTEE shall execute and deliver to the purchaser a deed to the
<br />COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL Or any part thereof at
<br />such sale.
<br />The GRANTOR covenants that at the time of the delivery of these presents, it is well
<br />seized of the COLLATERAL in fee simple, and has full power and lawful authority to grant,
<br />bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully
<br />waives and releases all rights and claims it may have in or to S81d COLLATERAL as a
<br />Homestead Exemption or other exemption, now or hereafter provided by law. The GRANTOR
<br />further covenants that the collateral is free and clear of all liens and encumbrances whatever
<br />and that the GRANTOR shall warrant and forever defend the COLLATERAL in the quiet and
<br />peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all and
<br />every person or persons lawfully claiming or to claim the 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
<br />and interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL
<br />insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale
<br />or transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of
<br />the note immediately due and payable.
<br />In case of default in any of said payments of the principal or interest, according to the
<br />terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns,
<br />then said principal sum hereby secured, and interest thereon, may at once, at the option of
<br />the BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the manner
<br />and with the same effect as if said indebtedness had matured, and that if foreclosure be made
<br />by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the
<br />supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part
<br />of the cost of foreclosure, and if foreclosure be made through the courts a reasonable
<br />attorney's fee shall be taxed by the court as a part of the cost of such foreclosure
<br />proceedings.
<br />It is further understood and agreed, that if a release or a partial release of this Deed of
<br />Trust is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all
<br />the covenants and agreements contained herein and in the Promissory Note and LOAN
<br />CONTRACT shall extend to and be binding upon the successors or assigns of the respective
<br />parties hereto; and that the singular number shall include the plural, the plural the singular,
<br />aqd ~h~,,~lse of any gender shall be applicable to all genders.
<br />i
<br />"~ ~~`~ ~ U~cebuted the day and date first written above.
<br />` ,.,~., ~, , C~ ~~
<br />-"~~ e ~ `''"•,~~ `~' Kenosha Trout Club, a Colorado non-profit
<br />~.~~ Corporation
<br />(SEALf)~ .,;~
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<br />#~'A!,,~'~-.';~: ,.'~ ~dix C to Loan Contract 15 59 mendment No. 1
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