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643019 01/04/2000 08:43A B: 986 P: 643
<br />Bernard J. Gonzales — Las Animas Countv Recorder
<br />thereto) shall be entitled to the deed therefor, unless the same shall be redeemed as is provided by law; and
<br />said PUBLIC TRUSTEE shall, upon demand by the person holding the said certificate of purchase, when said
<br />demand is made, or upon demand by the person entitled to a deed to and for the Property purchased, at the
<br />time such demand is made, the time for redemption having expired, make and execute to such person a deed
<br />to the Property purchased, which said deed shall be in the ordinary form of a conveyance, and shall be signed,
<br />acknowledged and delivered by the said PUBLIC TRUSTEE and shall convey and quitclaim to such person entitled
<br />to such deed, the Property purchased as aforesaid and all the right, title, interest, benefit and equity of
<br />redemption of the GRANTOR, its successors and assigns made therein, and shall recite the sum for which the
<br />said Property was sold and shall refer to the power of sale therein contained, and to the sale made by virtue
<br />thereof; and in case of an assignment of such certificate of purchase, or in case of the redemption of the
<br />Property, by a subsequent encumbrancer, such assignment or redemption shall also be referred to in such
<br />deed; but the notice of sale need not be set out in such deed and the PUBLIC TRUSTEE shall, out of the
<br />proceeds or avails of such sale, after first paying and retaining all fees, charges and costs of making said sale,
<br />pay to the beneficiary hereunder the principal and interest due on said note according to the tenor and effect
<br />thereof, and all moneys advanced by such beneficiary or legal holder of said note for insurance, taxes and
<br />assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any, unto the
<br />GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a perpetual bar, both
<br />in law and equity, against the GRANTOR, its successors and assigns, and all other persons claiming the
<br />Property, or any part thereof, by, from, through or under the GRANTOR, or any of them. The holder of said
<br />note may purchase Property or any part thereof; and it shall not be obligatory upon the purchaser at any such
<br />sale to see to the application of the purchase money.
<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with the PUBLIC
<br />TRUSTEE, that at the time of the unsealing of and delivery of these presents, it is well seized of the Property in
<br />fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in
<br />the manner and form as aforesaid; hereby fully and absolutely waiving and releasing all rights and claims it
<br />may have in or to said Property as a Homestead Exemption, or other exemption, under and by virtue of any
<br />act of the General Assembly of the State of Colorado, or as any exemption under and by virtue of any act of
<br />the United States Congress, now existing or which may hereafter be passed in relation thereto and that the
<br />same is free and clear of all liens and encumbrances whatever, and the above bargained Property in the quiet
<br />and peaceable 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, the GRANTOR shall and will Warrant and
<br />Forever Defend.
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments
<br />levied on the Property; any and all amounts due on account of principal and interest or other sums on any
<br />senior encumbrances, if any; and will keep the Property insured in accordance with the requirements of the
<br />Contract. Should the GRANTOR fail to insure the Property in accordance with the Contract or to pay taxes or
<br />assessments as the same fall due, or to pay any amounts payable upon senior encumbrances, if any, the
<br />beneficiary may make any such payments or procure any such insurance, and all monies so paid with interest
<br />thereon at the rate of ten percent (10 %) per annum shall be added to and become a part of the indebtedness
<br />secured by this Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid by
<br />the GRANTOR. In addition, and at its option, the beneficiary may declare the indebtedness secured hereby and
<br />this Deed of Trust to be in default for failure to procure insurance or make any further payments required by
<br />this paragraph. In the event of the sale or transfer of the Property, the beneficiary, at its option, may declare
<br />the entire balance of the note immediately due and payable.
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once become
<br />entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents, issues and profits
<br />thereof, from the accruing of such right and during the pendency of foreclosure proceedings and the period of
<br />redemption, if any there be, and such possession shall at once be delivered to the PUBLIC TRUSTEE, the State as
<br />holder of the note, or the holder of said certificate of purchase on request, and on refusal, the delivery of the
<br />Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said
<br />certificate of purchase by an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said
<br />note or certificate of purchase, or any thereof, shall be entitled to a Receiver for said Property, and of the
<br />rents, issues and profits thereof, after such default, including the time covered by foreclosure proceedings and
<br />the period of redemption, if any there be, and shall be entitled thereto as a matter of right without regard to
<br />the solvency or insolvency of the GRANTOR or of the then owner of said Property and without regard to the
<br />value thereof, and such Receiver may be appointed by any court of competent jurisdiction upon ex parte
<br />application and without notice - notice being hereby expressly waived - and all rents, issues and profits,
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