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purchased, and the sum paid therefor, and the time when tMe purchaser (or other person entitled
<br />thereto) shall be en#itled to the deed therefor, unless the same shall be redeemed as is provided by
<br />law; and S81d PUBLIC TRUSTEE Sh811, upon demand by the person holding the said certificate of
<br />purchase, when said demand is made, or upon demand by the person entitled to a deed to and for
<br />the Property purchased, at the time such demand is made, the time for redemption having expired,
<br />make and execute to such person a deed to the Property purchased, which said deed shall be in
<br />the ordinary form of a conveyance, and shall be signed, acknowledged and delivered by_ the said
<br />Pueuc TRUSTEE and shall convey and quitclaim to such person entitled to such deed, the Property
<br />purchased as aforesaid and all the right, title, interest, benefit and equity of redemption of the
<br />GRANTOR, its successors and assigns made therein, and shall recite the sum for which the said
<br />Property was sold and shall refer to the power of sale therein contained, and to the sale made by
<br />virtue thereof; and in case of an assignment of such certificate of purchase, or in case of the
<br />redemption of the Property, by a subsequent encumbrance, such assignment or redemption shall
<br />also be referred to in such deed; but the notice of sale need not be set out in such deed and the
<br />PUBLIC TRUSTEE Sh211, out of the proceeds or avails of such sale, after first paying and retaining all
<br />fees, charges and costs of making said sale, pay to the beneficiary hereunder the principal and
<br />interest due on said note according to the tenor and effect thereof, and all moneys advanced by
<br />such beneficiary or legal holder of said note for insurance, taxes and assessments, with interest
<br />thereon at ten per cent per annum, rendering the surplus, if any, unto the G~a,rvTOR, its legal
<br />representatives or assigns; which sale and said deed so made shall be a perpetual bar, both in law
<br />and equity, against the GRa,NTOR, its successors and assigns, and all other persons claiming the
<br />Property, or any part thereof, by, from, through or under the GRa,rvTOR, or any of them.. The holder
<br />of said note may purchase Property or any part thereof; and it shall not be obligatory upon the
<br />purchaser at any such sale to see to the application of the purchase money.
<br />And the G~NTOR, 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
<br />all liens and encumbrances whatever, and the above bargained Property in the quiet and peaceable
<br />possession of the PuB~ic 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 G~rvTOR shall and will
<br />Warrant and Forever Defend. ~
<br />Until payment in full of the indebtedness, the GRa,NTOR 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 sums on any senior encumbrances, if any; and will keep the Property insured in accordance
<br />with the requirements of the Contract. Should the Gw~NTOR fail to insure the Property in
<br />accordance with the Contract or to pay taxes or assessments as the same fall due, or to pay any
<br />amounts payable upon senior encumbrances, if any, the beneficiary may make any such payments
<br />or procure any such insurance, and all monies so paid with interest thereon at the rate of ten
<br />percent (10%) per annum shall be added to and become a part of the indebtedness secured by this
<br />Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid by the
<br />G~rvTOR. In addition, and at its option, the beneficiary may declare the indebtedness secured
<br />hereby and this Deed of Trust to be in default for failure to procure insurance or make any further
<br />payments required by this paragraph. . In the. event of the sale or transfer of the Property, the
<br />beneficiary, at its option, may declare the entire balance of the note immediately due and payable.
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the
<br />I I'llll I'I'I II'~I IIIIII'lll III"II IIIII III "III II'I I"I
<br />1232118 08/03/1998 01:27P TD Chrls C. Muno:
<br />2 of 3 R 16.00 D 0.00 Pueblo C!y Clk & R~e.
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