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II11III11III11I1I1III11 IN IIIIIIIIIIIIIIIIIIIIII III IIIIIIIIIIIIIIIIIIIIIIIII
<br />802007 08/20/2002 11:46A 81121 P497 F. JOHNSON
<br />2 of 3 R 13.00 0 0.00 Morgan County, CO
<br />for the Property purchased, at the time such demand is made, the time for redemption having
<br />expired, make and execute to such person a deed to the Property purchased, which said deed
<br />shall be in the ordinary form of a conveyance, and shall be signed, acknowledged and delivered
<br />by the said PUBLIC TRUSTEE and shall convey and quitclaim to such person entitled to such deed,
<br />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
<br />for which the said Property was sold and shall refer to the power of sale therein contained, and to
<br />the sale made by virtue thereof; and in case of an assignment of such certificate of purchase, or
<br />in case of the redemption of the Property, by a subsequent encumbrance, such assignment or
<br />redemption shall also be referred to in such deed; but the notice of sale need not be set out in
<br />such deed and the PUBLIc TRUSTEE shall, out of the proceeds or avails of such sale, after first
<br />paying and retaining all fees, charges and costs of making said sale, pay to the beneficiary
<br />hereunder the principal and interest due on said note according to the tenor and effect thereof,
<br />and all moneys advanced by such beneficiary or legal holder of said note for insurance, taxes
<br />and assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any,
<br />unto the GRANTOR, its legal representatives or assigns; which sale and said deed so made shall
<br />be a perpetual bar, both in law and equity, against the GRANTOR, its successors and assigns, and
<br />all other persons claiming the Property, or any part thereof, by, from, through or under the
<br />GRANTOR, or any of them. The holder of said note may purchase Property or any part thereof;
<br />and it shall not be obligatory upon the purchaser at any such sale to see to the application of the
<br />purchase money.
<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and
<br />with the PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is
<br />well seized of the Property in fee simple, and has good right, full power and lawful authority to
<br />grant, baraain, sell and convey the same in the manner and form as aforesaid; hereby fully and
<br />absolutely waiving and releasing all rights and claims it may have in or to said Property as a
<br />Homestead Exemption, or other exemption, under and by virtue of any act of the General
<br />Assembly of the State of Colorado, or as any exemption under and by virtue of any act of the
<br />United States Congress, now existing or which may hereafter be passed in relation thereto and
<br />that the same is free and clear of all liens and encumbrances whatever, and the above bargained
<br />Property in the quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and
<br />'4 signs, against all and every person or persons lawfully claiming or to claim the whole or any
<br />A rt thereof, the GRANTOR shall and will Warrant and Forever Defend.
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<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the Property; any and all amounts due on account of principal and
<br />interest or other sums on any senior encumbrances, if any; and will keep the Property insured in
<br />accordance with the requirements of the Contract. Should the GRANTOR fail to insure the
<br />Property in accordance with the Contract or to pay taxes or assessments as the same fall due, or
<br />to pay any amounts payable upon senior encumbrances, if any, the beneficiary may make any
<br />such payments or procure any such insurance, and all monies so paid with interest thereon at the
<br />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
<br />not paid by the GRANTOR. In addition, and at its option, the beneficiary may declare the
<br />indebtedness secured hereby and this Deed of Trust to be in default for failure to procure
<br />insurance or make any further payments required by this paragraph. In the event of the sale or
<br />transfer of the Property, the beneficiary, at its option, may declare the entire balance.of the note
<br />immediately due and payable.
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the
<br />PUBLIC TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall
<br />at once become entitled to the possession, use and enjoyment of the Property aforesaid, and to
<br />the rents, issues and profits thereof, from the accruing of such right and during the pendency of
<br />foreclosure proceedings and the period of redemption, if any there be, and such possession shall
<br />at once be delivered to the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said
<br />certificate of purchase on request and on refusal, the delivery of the Property may be enforced by
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