C150157 contract docs

• Contract/PO #: C150157
• Contractor Name: Grand Mesa Reservoir Company
• Contract Type: Loan
• County: Mesa
• Loan Projects - Doc Type: Contract Documents

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�C�'M�NT
DATE:
G RANTOR:
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�.�iF� t � �i� �i�`F �„�}i f�� f-7�
Deed of Trust ���t,�,_� ,.��.�r-�� �:�k:,Y:�=��� r����
F;�cFe� � 15. f�::i ';�t rC:h�
December 15, 2003
THE GRAND MESA RESERVOIR COMPANY
BENEFICIARY: COLORADO WATER CONSERVATION BOARD
1313 SHERMAN STREET, $UITE 721
DENVER, CO 80203
COUNTY: MESA
PRINCIPAL LOAN AMOUNT: $181,800
LOAN CONTRACT: Loan Contract No. C150157, dated December 15, 2003
TERMS OF REPAYMENT: 2.40% per annum for 20 years
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COLLATERAL: An undivided one hundred perc���'��1��2St 111 GRANTOR's
Grand Mesa Reservoirs #1 ar� �����on Attachment
1 to this Deed of Trust.
This indenture is befinreen the G�NTOR, and the��ul�i� �tee of the above
referenced CouNrir, State of Colorado ("PUBLIC TRUSTEE"),
Factual Recitals
1. The Gr�rvroR has executed a Promissory Note of e���`�T2�rf���et forth in the
LOAN CONTRACT, f01' 8 1Oa11 It1 the PRINCIPAL LOAN AMOUNT t0 be 1'@pald t0 th@ BENEFICIARY,
Wlth TERMS OF REPAYMENT aCld 111 aCC01'd8t1C@ Wlth th@ PPOt'1'IISSOP)/ NOt@ Of Ulltll 10811 IS
paid in full.
2. The G�NTOR is desirous of securing payment of the PRirvciPa� LoaN AnnouNT and interest
of said Promissory Note to the• BENEFiciaRY.
The G�NTOR, in consideration of the premises and for the purpose aforesaid, does
hereby grant, bargain, sell and convey unto the said PuB�ic TRUSTEE in trust forever, the
above described Co�v�rERa�.
To have and to hold the same, together with all appurtenances, in trust nevertheless,
that in case of default in the payment of said Promissory Note, or any part thereof, or the
interest thereon, or in the performance of any covenants hereinafter set forth or in said
Promissory Note or LoAN CoNTwo,cT, then upon the BErvEFiciaR� filing notice of election and
demand for sale, S81d PUBLIC TRUSTEE, after advertising notice of said sale weekly for not
less than four weeks in some newspaper of general circulation in said CouNN, shall sell said
Co��TEwa� in the manner provided by law in effect at the time of filing said notice and
demand, at public auction for cash, at any proper place designated in the notice of sale. Out
of the proceeds of said sale, the PuB�ic TRUSTEE shall retain or pay first all fees, charges and
costs and all moneys advanced for taxes, insurance and assessments, or on any prior
encumbrance, with interest thereon and pay the principal and interest due on said
Promissory Note, rendering the overplus, if any, unto the GwaNTOR; and after the expiration
of the time of redemption, the PuBUC TRUSTEE shall execute and deliver to the purchaser a
deed to the Co��arERa� sold. The BENEFiciaRY may purchase said Co��aTEwa� or any part
thereof at such sale.
The Gw4NTOR covenants that at the time of the delivery of these presents, it is well seized of
Appendix 5 to Loan Contract C150157