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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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
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insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale or
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transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the
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note immediately due and payable.
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In case of default in any of said payments of the principal or interest, according to the
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terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns,
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then said principal sum hereby secured, and interest thereon, may at once, at the option of the
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BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the manner and
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with the same effect as if said indebtedness had matured, and that if foreclosure be made by
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the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the supervision of
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said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the cost of
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foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be
taxed b the court as a part of the cost of such foreclosure proceedings.
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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
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CONTRACT shall extend to and be binding upon the successors or assigns of the re
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parties hereto; and that the singular number include the plural, the the singular,
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the use of any gender shall be applicable to all genders.
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Executed the day and date first written above.
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Tom C. Hill, a Colorado individual
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By
Tom C. C. Hill
County of iYl lntr(O5e )
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State of Colorado
The foregoing instrument was acknowledged before me this 11` day of anuar 2007, by
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Tom C. Hill. Witness my hand and official seal.
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C pan ��A w4A &R. Notary Public
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Cindy A. Hyde, Notary
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My xp State of Colorado
My Commission L x pires 5122/2010
Return recorded deed of trust to: CWCB Finance Section, Attn: Contract Manager, 1580
Logan Street, Suite 750, Denver CO 80203 (Phone Number 3034WA -M2)
Appendix 3 to Loan Contract C150233
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