|
~~•~ ~• 1414048
<br />Page: 2 of 3
<br />ii~l ~^ 12/03/2001 08 :50f
<br />ChrisC.Munoz PuebloCtyClk&Rec RM TD R 15.00 D 0.00
<br />notice shall be mailed to the county seat, and to make and give to the purchaser ot tne Property at
<br />such sale, a certificate in writing describing the Property purchased, and the sum paid therefor, and
<br />the time when the purchaser (or other person entitled thereto) shall be entitled to the deed therefor,
<br />unless the same shall be redeemed as is provided by law; and said PUBLIC TRUSTEE shall, upon
<br />demand by the person holding the said certificate of purchase, when said demand is made, or upon
<br />demand by the person entitled to a deed to and for the Property purchased, at the time such demand
<br />is made, the time for redemption having expired, make and execute to such person a deed to the
<br />Property purchased, which said deed shall be in the ordinary form of a conveyance, and shall be
<br />signed, acknowledged and delivered by the said PuBUC TRUSTEE and shall convey and quitclaim to
<br />such person entitled to such deed, the Property purchased as aforesaid and all the right, title,
<br />interest, benefit and equity of redemption of the Gw4r~TOR, its successors and assigns made therein,
<br />and shall recite the sum for which the said Property was sold and shall refer to the power of sale
<br />therein contained, and to the sale made by virtue thereof; and in case of an assignment of such
<br />certificate of purchase, or in case of the redemption of the Property, by a subsequent encumbrance,
<br />such assignment or redemption shall also be referred to in such deed; but the notice of sale need not
<br />be set aut in such deed and the PuB~~e TRUSTE€ shall, Qut of ~he pro~eeds or av~its of suel~ s~le,
<br />after first paying and re#aining all fees, charges and costs ~f rr~aking said sale, pay to the beneficiary
<br />hereunder the principal and interest due on said note according to the tenor and effect thereof, and all
<br />moneys advanced by such beneficiary or legal holder of said note for insurance, taxes and
<br />assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any, unto the
<br />GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a perpetual
<br />bar, both in law and equity, against the GRANTOR, its successors and assigns, and all other persons
<br />claiming the Property, or any part thereof, by, from, through or under the Gw~,NTOR, or any of them.
<br />The holder of said note may purchase Property or any part thereof; and it shall not be obligatory upon
<br />the purchaser at any such sale to see to the application of the purchase money.
<br />And the G~rvTOR, for itself and its successors or assigns covenants and agrees. to and with
<br />the PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is well
<br />seized of the Property in fee simple, and has good right, full power and lawful authority to grant,
<br />bargain, sell and convey the same in the manner and form as aforesaid; hereby fully and absolutely
<br />waiving and releasing all rights and claims it may have in or to said Property as a Homestead
<br />Exemption, or other exemption, under and by virtue of any act of the General Assembly of the State
<br />of Colorado, or as any exemption under and by virtue of any act of the United States Congress, now
<br />existing or which may hereafter be passed in relation thereto and that the same is free and clear of all
<br />liens and encumbrances whatever, and the above bargained Property in the quiet and peaceable
<br />possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or
<br />persons lawfully claiming or to claim the whole or any part thereof, the GRANTQR shall and will
<br />Warrant and Forever Defiend.
<br />Until payment in full of the indebtedness, the GRaNTOR shall timely pay all taxes and
<br />assessments levied on the Property; any and all amounts due on account of principal and interest or
<br />other surns on any senior eneumbrances, if any; and will keep the Property insured in aecordance
<br />with the requirements of the Contract. Should the GRaNTOR fail to insure the Property in accordance
<br />with the Contract or to pay taxes or assessments as the same fall due, or to pay any amounts
<br />payable upon senior encumbrances, if any, the beneficiary may make any such payments or procure
<br />any such insurance, and all monies so paid with interest thereon at the rate of ten percent (10%) per
<br />annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and
<br />may be paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition,
<br />and at its option, the beneficiary may declare the indebtedness secured hereby and this Deed of
<br />Trust to be in default for failure to procure insurance or make any further payments required by this
<br />paragraph. In the event of the sale or transfer of the Property, the beneficiary, at its option, may
<br />declare the entire balance of the note immediately due and payable.
<br />
|