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BOOK 2090 PAGE 360 is not duly performed, complied with and abided by, then the balance of said Contract shall become due and payable forthwith, at any time thereafter at the option of Beneficiary, and said property may be sold in the manner and with the same effect as if said indebtedness has matured. THE SAID FIRST PARTY EXPRESSLY COVENANTS AND AGREES: To promptly pay the principal and interest and other sums of money payable by virtue of said Contract and this Deed of Trust, on the days respectively that the same severally become due, and to promptly perform each and every stipulation, agreement and condition therein contained. To keep the buildings on the premises insured against loss by fire and other hazards as required by the Beneficiary and for its benefit and to pay promptly all taxes, assessments, levies, water rents, and insurance premiums and all other liabilities, obligations and encumbrances as they become due. To and hereby does warrant title to and possession of the encumbered premises, waives Homestead and other Exemptions; and further warrants that said premises are free and clear of all liens and encumbrances (except as herein specified): A portion of the Pump Station is on land owned by the Colorado Department of Highways. That in the event of the failure of First Party to keep said property, and the improvements thereon at all times in good repair, to pay promptly all taxes, insurance premiums, water rent, assessments, levies, liabilities, obligations, principal or interest on this or any other encumbrance on said real property, or to perform any other agreement, condition, stipulation or covenant, as herein provided, the Beneficiary may procure such things to be done at First Party's cost and may make any reasonable expenditure or outlay incidental thereto, and any expenditures so made shall become an additional indebtedness hereto and be secured hereby. That in case of default in the payment of the indebtedness hereby secured or in the performance of any obligation herein contained, the Beneficiary or the holder of a Certificate of Purchase shall, upon notice and hearing become entitled to possession, use and enjoyment of the property aforesaid and to the appointment of a Receiver for said property and shall be entitled thereto as a matter of right without regard to the solvency or insolvency of the First Party or the then owner of said property and without regard to the value thereof or the adequacy of any security for the debt; and such Receiver may be appointed by any Court of competent jurisdiction upon ex parte application, and without notice -- notice being expressly waived -- and all rents, issues and profits therefrom shall be applied by such Receiver Exhibit E