C150233 PIF Contract

• Contract/PO #: C150233
• Contractor Name: Tom Hill
• Contract Type: Loan
• County: Grand
• Loan Projects - Doc Type: Contract Documents

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bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully
waives and releases all rights and claims it may have in or to said COLLATERAL as a
Homestead Exemption or other exemption, now or hereafter provided by law. The GRANTOR
further covenants that the collateral is free and clear of all liens and encumbrances whatever
and that the GRANTOR shall warrant and forever defend the COLLATERAL in the quiet and
peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all and
every person or persons lawfully claiming or to claim the whole or any part thereof.
Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
assessments levied on the COLLATERAL; any and all amounts due on account of the principal
and interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL
insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale
or transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of
the note immediately due and payable.
In case of default in any of said payments of the principal or interest, according to the
terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns,
then said principal sum hereby secured, and interest thereon, may at once, at the option of
the BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the manner
and with the same effect as if said indebtedness had matured, and that if foreclosure be made
by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the
supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part
of the cost of foreclosure, and if foreclosure be made through the courts a reasonable
attorney's fee shall be taxed by the court as a part of the cost of such foreclosure
proceedings.
It is further understood and agreed, that if a release or a partial release of this Deed of
Trust is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all
the covenants and agreements contained herein and in the Promissory Note and LOAN
CONTRACT shall extend to and be binding upon the successors or assigns of the respective
parties hereto; and that the singular number shall include the plural, the plural the singular,
and the use of any gender shall be applicable to all genders. CC
Executed the day and date first written above. m4naLED
State of Colorado
The foregoing
Tom C. Hill, a
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My commission expire
Tom C. Hill, a Colorado individu
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By C '
Tom C. SEMARY M. M RPHY
pt 113UU TRUSTEE
SE COUNTY, CO
MONTRO
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d bfore this day of 2008, by
m7yh' nd nd ' 1 I.
j A- Notary Public
Return recorded d4if oistrousi"fo2 WW613 Finance Section, Attn: Contract Manager, 1580
Logan Street, Suite 750, Denver CO 80203 (Phone Number 303 - 866 -3462)
Appendix D to Loan Contract C150233 Amendment No. 1