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■.r <br />� <br />I I"III "III "I'I'I (III"�I "II' I'II") III "I'I (I'I I"I <br />813063 31/04/2003 03:37P 81162 P312 F. JOHNSON <br />1 of 2 R 11.00 D 0.00 Mo�qan Counl.y, CO <br />Deed of Trust <br />DATE September 1, 2003 <br />GRANTOR: VICTOR �. QUINT AND MARGIE ,1. QUINT <br />BENEFICIARY: COLORADO WATER CONSERVATION BOARD <br />COUNTY: MORGAN COUNTY <br />PRINCIPAL LOAN AMOUNT: $86 <br />� <br />� '� <br />�� � <br />G°� <br />��,� <br />�o <br />LOAN CONTRACT Loan Contract No. C150147, dated September 1, 2003 <br />TERMS interest of 2.5% per annum and repayment period of 30 years <br />Co��aTEFta�: An undivided one hundred percent (100%) interest in five (5) acres <br />of land with improvements including a house, shop, sheds and other <br />farm improvements located in the SW/4 Section 31, Township 5 <br />North, Range 54 West of the 6"' P.M., Morgan County, Colorado. <br />This indenture is befinreen the GRaNTOR, and the Public Trustee of the above referenced <br />CourvN, State of Colorado (" PUBLIC TRUSTEE <br />Factual Recitals <br />1. The GRa,NroR has executed a Promissory Note of even date and amount, set forth in the LoaN <br />CONTRACT for a loan ICl th@ PRINCIPAL LOAN AMOUNT t0 be repaid to th@ BENEFICIARY, Wlth <br />REPaYMENr TERMS as shown above and in accordance with the Promissory Note or until loan is <br />paid in fulL <br />2. The GRaNroR is desirous of securing payment of the PRiNCiPa� LoaN AnnouNT and interest of said <br />P�01711SSOP�/ NOte t0 th@ BENEFICIARY. <br />The GwaNroR, in consideration of the premises and for the purpose aforesaid, does hereby <br />grant, bargain, sell and convey unto the said PuBUC TRUSrEE in trust forever, the above described <br />COLLATERAL. <br />To have and to hold the same, together with all appurtenances, in trust nevertheless, that in <br />case of default in the payment of said Promissory Note, or any part thereof, or the interest thereon, or <br />in the performance of any covenants hereinafter set forth or in said Promissory Note or LoaN <br />CONTRACT then upon the BENEFiciaRY filing notice of election and demand for sale, said Pus�ic <br />TRUSTEE after advertising notice of said sale weekly for not less than four weeks in some newspaper <br />of general circulation in said Courvn, shall sell said Co�u�rE�� in the manner provided by law in <br />effect at the time of filing said notice and demand, at public auction for cash, at any proper place <br />designated in the notice of sale. Out of the proceeds of said sale, the Puauc TRUSTEE shall retain or <br />pay first all fees, charges and costs and all moneys advanced for taxes, insurance and assessments, <br />or on any prior encumbrance, with interest thereon and pay the principal and interest due on said <br />Promissory Note, rendering the overplus, if any, unto the GRaNTOR; and after the expiration of the <br />time of redemption, the PuBUC TRUSTEE shall execute and deliver to the purchaser a deed to the <br />COLLATERAL SOId. ThG BENEFICIARY 1118y pUl'Ch8S2 S81d COLLATERAL Of afty pal"t th@�e0f 8t SUCh S812 <br />The GwaNroR covenants that at the time of the delivery of these presents, it is well seized of <br />the COLLATERAL in fee simple, and has full power and lawful authority to grant, bargain, sell and <br />convey the same in the manner and form as aforesaid. The GRatvTOR fully waives and releases all <br />Appendix 3 to Loan Contract C150147 <br />