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<br />I�'IIII'IIII II'I III'I'I IIIII� I'I' III"I II) I'lII II'I I"I
<br />3093326 Q8/Q812003 02:12P Weld Counry, CO
<br />2 of 5 R 26AU D Q.OU Steve Moreno Clerk & Recorder
<br />2. The GR,o,NTOR is desirous of securing payment of the PRitvciPa� LoaN AMOUNT and
<br />interest of said Promissory Note to the BErvEFiciaRY.
<br />The GRaNTOR, in consideration of the premises and for the purpose aforesaid,
<br />does hereby grant, bargain, sell and convey unto the said PuBUC TRUSTEE in trust
<br />forever, the above described Co��aTEFta�.
<br />To have and to hold the same, together with all appurtenances, in trust
<br />nevertheless, that in case of default in the payment of said Promissory Note, or any part
<br />thereof, or the interest thereon, or in the perFormance of any covenants hereinafter set
<br />forth or in said Promissory Note or Loa,rv CotvTRacT, then upon the BENEFiciaRY filing
<br />notice of election and demand for sale Sald PUBL�C TRUSTEE after advertising notice of
<br />said sale weekly for not less than four weeks in some newspaper of general circulation
<br />in said CouNN, shall sell said Co��aTERa� in the manner provided by law in effect at the
<br />time of filing said notice and demand, at public auction for cash, a� any proper place
<br />designated in the notice of sale. Out of the proceeds of said sale the PUBLIC TRUSTEE
<br />shall retain or pay first all fees, charges and costs and all moneys advanced for taxes,
<br />insurance and assessments, or on any prior encumbrance, with interest thereon and
<br />pay the principal and interest due on said Promissory Note, rendering the overplus, if
<br />any, unto the G�NTOR; and after the expiration of the time of redemption, the PuB��c
<br />TRUSTEE shall execute and deliver to the purchaser a deed to the Co��arEFta� sold. The
<br />BENEFiciaRY may purchase said Co��aTEr�a,� or any part thereof at such sale.
<br />The GRa,NTOR covenants that at the time of the delivery of these presents, it is
<br />well seized of the Co��aTE�,� in fee simple, and has full pawer and lawful authority to
<br />grant, bargain, sell and convey the same in the manner and form as aforesaid. The
<br />Gw4NTOR fully waives and releases all rights and claims it may have in or to said
<br />Co��aTEr�a� as a Homestead Exemption or other exemption, now or hereafter provided
<br />by law. The GFtarvTOR further covenants that the collateral is free and clear of all liens
<br />and encumbrances whatever and that the GRaNTOR shall warrant and forever defend
<br />the COLLATERAL in the quiet and peaceable possession Of the PUBLIC TRUSTEE its
<br />successors and assigns, against all and every person or persons lawfully claiming or to
<br />claim the whole or any part thereof.
<br />Untii payment in fuli of the indebtednzss, the GFta�vTOR shal! timely pay a!I taxes
<br />and assessments levied on the Co��arERa�; 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
<br />the Co��,TERa� insured in accordance with the requirements of the LoaN CoNTr�acT. In
<br />the event of the sale or transfer of the Cou.ATERa� 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 LoAN CoNTRa,cT, by the GFtarvTOR, its successors
<br />or assigns, then said principal sum hereby secured, and interest thereon, may at once,
<br />at the Opt1011 Of th2 BENEFICIARY become due and payable alld th@ Sald COLLATERAL b@
<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 PuB�ic TRUSTEE, an attorney's fee in a reasonable
<br />amount for services in the supervision of said foreclosure proceedings shall be allowed
<br />by the PuB�ic TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made
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