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C153773 PIF Contract
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C153773 PIF Contract
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Last modified
6/26/2013 8:21:34 AM
Creation date
6/26/2013 7:49:14 AM
Metadata
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Loan Projects
Contract/PO #
C153773
Contractor Name
Morrison, Town of
Contract Type
Loan
Water District
9
County
Jefferson
Bill Number
HB 95-1155
Loan Projects - Doc Type
Contract Documents
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J <br />100� <br />entitled thereto as a matter of right without regard to the solvency or insolvency of the GRANTOR or of the <br />then owner of said Property and without regard to the value thereof, and such Receiver may be appointed <br />by any court of competent jurisdiction upon ex parte application and without notice - notice being hereby <br />expressly waived - and all rents, issues and profits, income and revenue therefrom shall be applied by <br />such Receiver to the payment of the indebtedness hereby secured, according to the law and the orders <br />and directions of the court. <br />And, that in case of default in any of said payments of principal or interest, according to the tenor <br />and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants <br />or agreements contained herein and in the Contract, by the GRANTOR, its personal representatives or <br />assigns, then and in that case the whole of said principal sum hereby secured, and the interest thereon to <br />the time of the sale, may at once, at the option of the legal holder thereof, become due and payable, and <br />the said Property be sold in the manner and with the same effect as if said indebtedness had matured, <br />and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for <br />services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a <br />part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee <br />shall be taxed by the court as a part of the cost of such foreclosure proceedings. <br />It is further understood and agreed, that if a release or a partial release of this Deed of Trust is <br />required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and <br />agreements contained herein and in the Contract shall extend to and be binding upon the heirs or assigns <br />of the respective parties hereto; and that the singular number shall include the plural, the plural the <br />singular, and the use of any gender shall be applicable to all genders. <br />Executed the day and date first written above. <br />State of Colorado <br />The Town of Morrison <br />By <br />Mary P Mayor <br />SS <br />County of Jefferson ) <br />The foregoing instrument was acknowledged before me this :L day of 1997, <br />by Mary,Poe, as Mayor of the Town of Morrison . Witness my hand and official seal. <br />Notary Publ' <br />w-4� - <br />f yj rs de <br />hill <br />
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