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<br />with interest thereon and pay the principal and interest due on said Promissory Note, rendering
<br />the overplus, if any, unto the GRaNTOR; and after the expiration of the time of redemption, the
<br />PuBUC TRUSTEE shall execute and deliver to the purchaser a deed to the Co��TERa� sold. The
<br />BENEFiciaRY may purchase said Co�wrERa� or any pa�t thereof at such sale.
<br />The G�tvTOR covenants that at the time of the delivery of these presents, it is well
<br />seized of the Co���t�� in fee simple, and has full power and lawful authority to grant,
<br />bargain, sell and convey the same in the manner and foRn as aforesaid. The Gw4NTOR fully
<br />waives and releases all rights and claims it may have in or to said Co��TEt� as a Hamestead
<br />E x e m p t i o n or other exem ption, now or hereafter provided by law. The G�uNTOR further
<br />covenants that the collateral is free and clear of all liens and encumbrances whatever an d t ha t
<br />the Gw�tvTOR shall warrant and forever defend the Co��►TERnL in the quiet and peaceable
<br />possession of the PuB�ic TRUS�E, its successors and assigns, against all and every person or
<br />persons lawfully claiming or to claim the whole or any part thereof.
<br />Un#il payment in full of the indebtedness, the Gr�tvTOR shaal timely pay all taxes and
<br />assessments levied on the Cou.ATEw��; 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 Co�w��►�
<br />insured in acxordance with the requirements of the Lo�w CoN�►cT. In the event of the sale or
<br />transfer of the Co�w�w�� th@ BENEFICIARY at its option, may declare the entire balance of the
<br />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 ar LoaN CoNT�cT, by the Gw�rvTOR, its successors or assigns,
<br />then said principal sum hereby secured, and interest thereon, may at once, at the option of the
<br />BENEFICIARY become due and payabte Slld th@ Sald COLLATERAL be SOId Itl th@ 17'1811t1e� a�d
<br />with the same effect as if said indebtedness had matured, and that if foreclosure be made by
<br />the PuBUC TRUSTE�, an attomey's fiee in a reasonable amount for services in the supervision of
<br />said foreclosure p f��sure be made through t e courts a reaso able atto ey's be
<br />foreclosure, and d o
<br />taxed by the court as a part of the cost of such foreclosure proceedings.
<br />It is further understood and agreed, that if a release or a partial release of this Deed of
<br />Trust is requit�ed, the GwvvTOR, 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 />Cotv'rt�cT 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, and
<br />the use of any gender shall be applicable to all genders.
<br />:;F, the day and date first written above.
<br />,������������., h Headgate 135 Lateral, Inc., a Cotorado nonprofd
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<br />::.� a �-- o:� Gordon Barker, President
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<br />By .,,, , „�� ., ;:
<br />Ca lyn Baker, Secretary
<br />Appendix 5 to Loan Contract C150270
<br />Page 2 of 3
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