C150312 feas study

• Contract/PO #: C150312
• Contractor Name: Swan's Nest Metropolitan District - Water Enterprise
• Contract Type: Loan
• Water District: 36
• County: Summit
• Loan Projects - Doc Type: Feasibility Study

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C�PY - NOT F4R REC�RDING
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authna'i�od b oolbct and spply tbe poceed,s, g Iaider's cpiian, ertha' Eo �stmdio� or �pair of �ee Property ot to fha snms secured
by this Deed of Tiast �
pny sadn agplic�tio� of p[oc:e�ds ta pcaecigai shaU noi �d a� pos�po� �c dn�e dste af the �ts � to in
p�p}� 4{PaYs�nc o€ Pimcciipat and Intaesy aud 23 (Escraw Fimds f� Taxes aod �) nor d�t$a t� ama�nt of such
iostsiqiue�tts• �
22. Borrowroe' twt R�d�. Exbe�sioa of dre time �For paym�at � �no '�F'icstion of s�a�or� of �e sums s$rxead by
tbis Deod of Teust gr�ted bY L�ender b�p sacce�or ia � of Bot3eo�wa' �i{ not opeaate b relaes�, +u anY a�aa, @�e lisbitity
of #he origixat Botcawtu, �r Harower's snc�zs ia in6ec�t, #�omi tLe aig�sl taina of drie Dood of Ttust. I.endor sh� not be
roqu�rod up comm�a�e procaai�gs a�ast a� sw�eaaor oar � W aocDend ti�s for prymenc � o�wi�e mo�fY �o�oa of
#he 4mqS sOC1u0d by ihi8 DeCd Of Tlust by tt�as0ot of �ty de�nd n�st3F by ffie ariginsl $OrroaOr q0� S�rowu�s �ors ia interest.
13. BorLau�ance �y Leeder Nst a Wgiveer. Aay fabaaa�e ls]► L.aad� n� rac�g a8Y ��' �' �+°�,
or othe�vvise affordad by Iaw, sbsL not be s �nii�rdr or pmcclwie the ezercise of aay such ti�t ar remodY.
14. R� Camiai�[ra F.acb �nody �rovidod in th� Notc aad this Deod of'llrns� is dist6xx fmm aad ca�mulative to
ali other rights �ar ramadies unda tLe IN,�e a�d B� Deed of Tmst � affoidod by )aw or oguity, a� msy be exacised soncufrently,
i a" � 'i'Se cavasaatt �ad � �a�ein
15. Saecc�sess furd A�C B�ui�; ddst a■d Seva�al �Ti C�ie�s. �ei
oa�ts�ined aE� bnd, and the rigi�ts haeundor shaU isaue to, the respa�ive au�s sod assi�as of I�de� and Boiscaer, sub,}ecs to
the pmvisians of psrag�aph 24 (1� of �e Psapetty'. Aas�a�Ei�}. NIl ao�veoaots aod � of Bo�[1fNKx �ll tie jant and
sev�al. The csptiara+ and heedings of tles pe�a� in ihis Deed o�Trast ete for c�veaieaca aatyY md art uot o� �e used to ie�pnt
t1r dCf ne Q1e �DVisioag fie�of. �
16. 1Votiae. F�ccept fa any aotica s�quired by Isw io be gi�ri ia a�wtbcr maoner, (a) ae�► aotice w somvwer providea
for ra tbns 1� of Tirast sln� ae ia writing and sl�t be givm and be etY'a� upon {I) dalivery to Bo�rvwer ar (Z) msil�ng ew.h
aoRice by fir.jt Class U.S. ros7. sd�+e��sod tD $� at Bosrower'8 acidress sta�ed Laau � at such otLor addreas ss 8ortowee' mry
design�te by Aotice i� i.mtder as p�videQ btrea�. and (b) �Y noti� W Leadaur s1�eA ba in wrivag sad iall be givea a�d be effecrive
uppn (] } ddtYer�► tQ r aideC �{2) a�hng, su� noacx bj' 6tst c1asS U..�,'. ansil to I.md�'S ac�resa etated 6aain Or t0 BuCh Ot11K
addnss as L,�nder asaY de�o bY aotix to Bonower as pra�vidad hes�. My notica p�rided �or u� tiric Gocd af Tn�at stta�i be
deemod bo hsva 3�eea givan to HacE+av�ar ar I.eader when givea iao aay m� d� �'ein.
17. Gever+� Law; Se�►a abil�. Tb� No�e md this Deed af Tnut abali bc gawera�d bY th�e law of Cotcrada. ln th�e
eve�nt tlmt aay provision � cf�nee of t�is Deed of Tmac or tl�e No�e coat�s wi� thc law, � cxua8iet slali not affact a�
pmvisia�s of tbis Uoed of "Ctust a the No�s whi� cw► ba �ives a�ect witlput tbe co�Hicti�g pmvisiai, aad tg 8eis end thc �ovisions
of the Daed of TrusE and Notie ai+e daclated W be aavarablc.
. 18. AeodaYtlo� ForecM� Of�r R�eaadfa�. F.�cept as Prmreded �° �� R� of t� Pniperty,
Aasumpnon� n�p� B�owm''s b��eacit of aay oovasnt � a�ree�t Of Bore�nwe[ ia �S DOed of Tr� ar t�poa� a�►Y dCfa�d[ ill s pTior
tie,a upon tbe Property. (ualass BorruvMar has ex�sed Boncya►er's cights nuder par4�tsp6 6 above}, sE L,a�dds eptia�, ali of We svms
secured by this Deaf of Teust ahaD #� bm�dy dua sed payabia (Acc�ation). To exercjss t�is op4ioa, I.ax{er msY invokc Wc
paevoer of sale md any Wbee sr.�rodiee pami�d i►Y law. Lender sb�l! ba �itlod w c�olFaet all rewoo�ble co�ts and pg�es inciured
in pwsuing ffie r� �xv�vided i fiis D�ed otTs�t, including, bir. not linaised w, ressa�abia at�osnaY's fees.
lf Landrr iavobes the pmvar of sate, I.snder sbatE giva writoaa �naias m Trs�ee of socb daeaioxs. Tra�x a6s11 give aueh
notioe to Bonower of Bo[�'s r�hUt ss is peovid�ed by iaw. Trustee �all stc�d a cx�py of snch notice�as r+equ'aod bY law_ Tn�stx
s�i! adv�ma th� tim� and �laee o�f �lre sak o�f � P3operty, foc mE less d� fa� wtdcs m a ue�aC crf g�or�arat ci�a[etian in eac�r
csw�ty ia wS� 8� ProparEy ia a�al, a�d d�e]I m�uI copies of anch notice af sul� oo Bo�m�wer s�i othrs persaus ss pne�en"bed b3'
181N. A�0! t�4G � O� SW�1 111pG �S Iriiy► bC iC1�t1COd �►Y �A9Y� �T�181AC WltbOtlL ��1 �C�ORPCf. 8�11 SCI� 1�G pIOpO[[y ffi pUblIC
ancti�n to tke lug6eat biddec for cash � tht ti�e s�d place Ewhich may be oa tha Pmper�.y a any pat tix�oo� as pan�tlad by �w) in
o� or m�e pmpr�els �s TinsE� mey tmalc best �d in sach ardet as Tiastec mty d�. E�dar or i.andat's dmigoee maY
pu,�base the property at aay sale. It simn ooc t�e obli�Oty upo�+ me par�asa at �my eu� sei� w sa to 1L�e �imios af the
�Tn:ctec a�slt apply �e pooceeds of 9►e sate in tlie foUowiog oi+bee {a) to a11 nasambte cost�s and a�penses of the sale,
ioc� but not Iimieed m, neaso�ble Trualee's and �y's fees snd ca�s of d�e ev�e: (b) to s!1 sm�s seaued iry tbis D�d
of Trus� and (c) fbe exoess. if mry, to t1�e l�eason cf[ Pas� �e�1�9 �ed �a-
l9. 8�rrow�'s Ri�lR b Crre Itd�n� � faiCClosare is � far nou�ym�at of +wY sums d�e
ha�, e�e ow�s oc �he Propecey ar pac�s lmbla noa�n si�al ua muidoa w c�e se�a adsutts hy payios �� �w� P��
and interest paymea�ts dn� �s of @�e dsu of wre. co�ts. �.1ate c6u'Ses. �Y's fioes �ad otb� fea aQ m the ivanna' psovidsd
by faw. Upon sach payraent, thia Decd of Ttust mmd the abtiga�ons aecond bereby iall mmain � fpi! fo�e aad a�ect as though no
Ac�atiix! f�ad Ocaured, and d1e fC1'edo�ra procxeding,s �a11 bC �d.
20. A�amaK oY Rests; Ap�t of Raeiva; L.e�der b�sa�ioa. As sdditional soeuritY 1�ur►der
Borrawer heneby assigoc � Lenda the rd►ts ef th� Pro�rtj, haweve�', Barrawa s�sll, pcior eo A� tmder p�ra�aph t$
(Acceleration; Foredao�: Otl�er Rtm�s; or a�wclOameat of ihc 1'roQerty. b�w � ri�c to c�lkct a� r�tain su�h �eats as tt�ey
� b000mc �e and psyabia �
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