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C150337 Contract
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C150337 Contract
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Last modified
1/29/2015 2:17:17 PM
Creation date
3/26/2013 12:30:32 PM
Metadata
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Template:
Loan Projects
Contract/PO #
CT2015-060
C150337
Contractor Name
Well Augmentation System of the Central Colorado Water Conservancy District
Contract Type
Loan
County
Weld
Adams
Morgan
Loan Projects - Doc Type
Contract Documents
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3940199 Pages: 2 of 3 <br />06/14/2013 <br />,IIISteve Moren Clerk 13 AM 11RI11 I ■F1 ee :i$21 .10.0 <br />�ITP �R�ITI I I�'�i'.If �� l�llf, I■ �� County, CO <br />yNr��l�.i BIIII <br />waives and releases all rights and claims it may have in or to said COLLATERAL as a <br />Homestead Exemption or other exemption, now or hereafter provided by law. The GRANTOR <br />further covenants that the COLLATERAL is free and clear of all liens and encumbrances <br />whatever and that the GRANTOR shall warrant and forever defend the COLLATERAL in the quiet <br />and peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all and <br />every person or 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 COLLATERAL <br />insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale <br />or transfer of the COLLATERAL, the BENEFICIARY, at its Option, may declare the entire balance of <br />the PROMISSORY 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 <br />assigns, then said principal sum hereby secured, and interest thereon, may at once, at the <br />option of the BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the <br />manner and with the same effect as if said indebtedness had matured, and that if foreclosure <br />be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the <br />supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part <br />of the cost of foreclosure, and if foreclosure be made through the courts a reasonable <br />attorney's fee shall be taxed by the court as a part of the cost of such foreclosure <br />proceedings. <br />It is further understood 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 <br />all the covenants and agreements contained herein and in the PROMISSORY NOTE and LOAN <br />CONTRACT shall extend to and be binding upon the successors or assigns of the respective <br />parties hereto; and that the singular number shall include the plural, the plural the singular, <br />and the use of any gender shall be applicable to all genders. <br />[REST OF PAGE INTENTIONALLY LEFT BLANK] <br />APPENDIX A <br />AMENDMENT NO. 1 to LOAN CONTRACT C150337 <br />PAGE 2 OF 3 <br />
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