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give to the purchaser of the Property at such sale, a certificate in writing describing the Property purchased, and the
<br />sum paid therefor, and the time when the purchaser (or other person entitled thereto) shall be entitled to the deed
<br />therefor, unless the same shall be redeemed as is provided by law; and said PuBUC TRUSrEE shall, upon demand by
<br />the person holding the said certificate of purchase, when said demand is made, or upon demand by the person
<br />entitled to a deed to and for the Property purchased, at the time such demand is made, the time for redemption
<br />having expired, make and execute to such person a deed to the Property purchased, which said deed shall be in the
<br />ordinary form of a conveyance, and shall be signed, acknowledged and deiivered by the said Puauc TRUSrEE and
<br />shall convey and quitclaim to such person entitled to such deed, the Property purchased as aforesaid and all the right,
<br />title, interest, benefit and equity of redemption of the GwaNTOR, its successors and assigns made therein, and shall
<br />recite the sum for which the said Property was sold and shall refer to the power of sale therein contained, and to the
<br />sale made by 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 encumbrancer, such assignment or redemption shall also be referred to
<br />in such deed; but the notice of sale need not be set out in such deed and the PuB~iC TRUSTEE shall, out of the
<br />proceeds or avails of such sale, after first paying and retaining all fees, charges and costs of making said sale, pay to
<br />the beneficiary 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 assessments, with interest
<br />thereon at ten per cent per annum, rendering the surplus, if any, unto the Gw~,NTOR, its legal representatives or
<br />assigns; which sale and said deed so made shall be a perpetual bar, both in law and equity, against the Gt~,4NTOR, its
<br />successors and assigns, and all other persons claiming the Property, or any part thereof, by, from, through or under
<br />the GwaNTOR, or any of them. The holder of said note may purchase Property or any part thereof; and it shall not be
<br />obligatory upon the purchaser at any such sale to see to the application of the purchase money.
<br />And the GwaNTOR, for itself and its successors or assigns covenants and agrees to and with the PuBUc
<br />TRUSTEE, that at the time of the unsealing of and delivery of these presents, it is well seized of the Property in fee
<br />simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in the manner
<br />and form as aforesaid; hereby fully and absolutely waiving and releasing all rights and claims it may have in or to said
<br />Property as a Homestead Exemption, or other exemption, under and by virtue of any act of the General Assembly of
<br />the State of Colorado, or as any exemption under and by virtue of any act of the United States Congress, now existing
<br />or which may hereafter be passed in relation thereto and that the same is free and clear of all liens and
<br />encumbrances whatever, and the above bargained Property in the quiet and peaceable possession of the PusuC
<br />TRUSTEE, its successors and assigns, against all and every person or persons lawfully claiming or to claim the whole
<br />or any part thereof, the Gr~-vTOR shall and will Warrant and Forever Defend.
<br />Until payment in full of the indebtedness, the GFtaNTOR shall timely pay all taxes and assessments levied on
<br />the Property; any and all amounts due on account of principal and interest or other sums on any senior
<br />encumbrances, if any; and will keep the Property insured in accordance with the requirements of the Contract.
<br />Should the Gt~4NTOR fail to insure the Property in accordance with the Contract or to pay taxes or assessments as the
<br />same fall due, or to pay any amounts payable upon senior encumbrances, if any, the beneficiary may make any such
<br />payments or procure any such insurance, and all monies so paid with interest thereon at the rate of ten percent (10%)
<br />per annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and may be paid
<br />out of the proceeds of the sale of the Property if not paid by the GRatvTOR. In addition, and at its option, the
<br />beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in default for failure to procure
<br />insurance or make any further payments required by this paragraph. In the event of the sale or transfer of the
<br />Property, the 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, th@ PUBLIC TRUSTEE,
<br />the State as holder of the note, or the holder of a certificate of purchase, shall at once become entitled to the
<br />possession, use and enjoyment of the Property aforesaid, and to the rents, issues and profits thereof, from the
<br />accruing of such right and during the pendency of foreclosure proceedings and the period of redemption, if any there
<br />be, and such possession shall at once be delivered to the PueuC TRUSTEE, the State as holder of the note, or the
<br />holder of said certificate of purchase on request, and on refusal, the delivery of the Property may be enforced by the
<br />PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase by an appropriate civii
<br />suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of purchase, or any thereof, shall
<br />be entitled to a Receiver for said Property, and of the rents, issues and profits thereof, after such default, including the
<br />time covered by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto
<br />as a matter of right without regard to the solvency or insolvency of the Gw4-vTOR or of the then owner of said Property
<br />and without regard to the value thereof, and such Receiver may be appointed by any court of competent jurisdiction
<br />upon ex parte application and without notice - notice being hereby expressly waived - and all rents, issues and profits,
<br />income and revenue therefrom shall be applied by such Receiver to the payment of the indebtedness hereby
<br />secured, according to the law and the orders and directions of the cou~t.
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