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at public auction for cash, at any proper place designated in the notice of sale. Out of the <br />proceeds of said sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and costs <br />and all moneys advanced for taxes, insurance and assessments, or on any prior encumbrance, <br />with interest thereon and pay the principal and interest due on said Promissory Note, rendering <br />the overplus, if any, unto the GRANTOR; and after the expiration of the time of redemption, the <br />PUBLIC TRUSTEE shall execute and deliver to the purchaser a deed to the COLLATERAL sold. The <br />BENEFICIARY may purchase said COLLATERAL or any part thereof at such sale. <br />The GRANTOR covenants that at the time of the delivery of these presents, it is well <br />seized of the COLLATERAL in fee simple, and has full power and lawful authority to grant, <br />bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully <br />waives and releases all rights and claims it may have in or to said COLLATERAL as a Homestead <br />Exemption or other exemption, now or hereafter provided by law. The GRANTOR further <br />covenants that the collateral is free and clear of all liens and encumbrances whatever and that <br />the GRANMR shall warrant and forever defend the COLLATERAL in the quiet and peaceable <br />possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or <br />persons lawfully claiming or to claim the whole or any part thereof. <br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and <br />assessments levied on the COLLATERAL; any and all amounts due on account of the principal <br />and interest or other sums on any senior encumbrances, if any; and will keep the CoLLATER& <br />insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale or <br />transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the <br />note immediately due and payable. <br />In case of default in any of said payments of the principal or interest, according to the <br />terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, <br />then said principal sum hereby secured, and interest thtwoon, may at once, at the option of the <br />BENEFICwRY, become due and payable, and the said COLLATERAL be sold in the manner and <br />with the same effect as if said indebtedness had matured, and that d foreclosure be made by <br />the PUBLIC TRUSTEE, an attorneys fee in a reasonable amount for services in the supervision of <br />said fte closure pi a c e a fts shell be allowed by the Puss TRUSTEE as a part of the cost of <br />foreclosure, and if foreclosure be made through the courts a reasonable attorneys fee shall be <br />taxed by the court as a part of the cost of such foreclosure proceedings. <br />ft is further und cod and agreed, that if a release or a partial release of this Deed of <br />Trust is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all <br />the covenants and agreements contained herein and in the Promissory Note and Lorca <br />CONTRACT shall extend to and be binding upon the successors or assigns of the respective <br />patties tw ft; and that the singular number shall dude the plural, the plural the singular, and <br />the use of any gender shall be applicable to all genders. <br />Executed the day and date first written above. <br />Tom C. Hill, a Colorado individual <br />By. �rl <br />Tom C. Hill <br />County of IV onA rc-bC, ) <br />) SS <br />Appendix 4 to Loan Contract 0150233 <br />Page 2 of 3 <br />