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C150240 contract docs
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C150240 contract docs
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Last modified
5/8/2015 2:10:33 PM
Creation date
7/22/2010 12:30:21 PM
Metadata
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Loan Projects
Contract/PO #
C150240
Contractor Name
Bull Creek Reservoir, Canal & Power Company
Contract Type
Loan
Water District
0
County
Mesa
Loan Projects - Doc Type
Contract Documents
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� .� � � • i <br />, <br />bargain, sell and convey the same in the manner and form as aforesaid. The GRnNTOR <br />fully waives and releases ail rights and claims it may have in or to said Co�u�TEw�� as a <br />Homestead Exemption or other exemp�on, now or hereafter provided by law. The <br />GRANTOR further covenants that the coilateral is f�ee and clear of all liens and <br />encumbrances whatever and that the G�oR shall warrant and forever defend the <br />Co�wT�w� in the quiet and peaceabie possession of the Pueuc TRUSTEE, its successors <br />and assigns, against all and every person or persons lawfully claiming or to claim the <br />whole or any part thereof. <br />Until payment in full of the indebtedness, the GwwTOR shall timely pay all taxes <br />and assessments levied on the CouATERn�; any and all amounts due on account of the <br />principal and interest or other sums on any senior encumbrances, if any; and will keep the <br />Co�u►Te�►� insured in accordance with the requirements of the LoAN CoNTt�cT. In the <br />event of the sale or transfer of the Co�u�rERn�, the BENEFICIARY, at its option, may <br />declare the entire balance of the note immediately due and payable. <br />In case of default in any of said payments of the principal or interest, according to <br />the terms of said Promissory Note or LonN CoNTw�►cT, by the GwvvTOR, its successors or <br />assigns, then said principal sum hereby secured, and interest thereon, may at once, at <br />t116 OP�IO� Of th@ BENEFICIARY, become due and payable, and the said Cou.nTEw� be <br />sold in the manner and with the same effect as if said indebtedness had matured, and <br />that if foreclosure be made by the Pusuc TRUSTEE, an attomey's fee in a reasonable <br />amount for services in the supervision of said foreclosure proceedings shall be allowed by <br />the Pusuc TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made <br />through the courts a reasonable attomey's fee shalt be taxed by the court as a part of the <br />cost of such foreclosure prooeedings. <br />It is further understood and agreed, that if a release or a partial release of this <br />Deed of Trust is requir�ed, the GRnNTOR, its successors o� assigns will pay the expense <br />thereofi that all the covenants and agreements contained herein and in the Promissory <br />Note and Lo�w CoNrws►cr shall extend to and be binding upon the successors or assigns <br />of the respective parties hereto; and that the singular number shall include the plural, the <br />plural th�,���ular, and the use of any gender shall be applicable to all genders. <br />,,� �;����t�,�he day and date first written above. <br />��, ., .. . .. ....4� 4 <br />s �. : tOA��R4j�••.,• '+�, Bull Creek Reservoir Canal & Power <br />' �`'•�' .... �o'�° '� Com an , Grantor <br />f W:.� S L��C��. � P Y <br />ia•M .r�nr ;' <br />%� �•,.N'/ • �.. . 40.�� i By <br />�'�,,���� °°�N� �' ' ��,�°g Irvin J nson, President <br />A�''T,��':' j"a � <br />�... '.-.,✓ i, <br />By, <br />n W. Groo, Secretary-Treasurer <br />County of ) <br />State of Colorado ) SS <br />) <br />Appendix D to Loan Contract C150240 Amendment No.1 <br />
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