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25748u B -524 P -97' 06/10/96 11 :02A PG 2 OF
<br />form as aforesaid; hereby fully and absolutely waiving and releasing all rights and claims it may have in or to said Property
<br />as a Homestead Exemption, or other exemption, under and by virtue of any act of the General Assembly of the State of
<br />Colorado, or as any exemption under and by virtue of any act of the United States Congress, now existing or which may
<br />hereafter be passed in relation thereto and that the same is free and clear of all liens and encumbrances whatever, and the
<br />above bargained Property in the quiet and peaceable possession of the PUBLIC TRUSTEE, its heirs and assigns, against all and
<br />every person or 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 levied on the
<br />Property; any and all amounts due on account of principal and interest or other sums on any senior encumbrances, if any;
<br />and will keep the Property insured in accordance with the requirements of the Contract. Should the GRANTOR fail to insure
<br />the Property in accordance with the Contract or to pay taxes or assessments as the same fall due, or to pay any amounts
<br />payable upon senior encumbrances, if any, the beneficiary may make any such payments or procure any such insurance, and
<br />all monies so paid with interest thereon at the rate of ten percent (10 %) per annum shall be added to and become a part of
<br />the indebtedness secured by this Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid
<br />by the GRANTOR. In addition, and at its option, the beneficiary may declare the indebtedness secured hereby and this Deed
<br />of Trust to be in default for failure to procure insurance or make any further payments required by this paragraph.
<br />And that in use O !illy de`iadt, whereby the right of foreclosure occurs hereunder, the PUBLIC TRUSTEE, the State as
<br />holder of the note, or the holder of a certificate of purchase, shall at once become entitled to the possession, use and
<br />enjoyment of the Property aforesaid, and to the rents, issues and profits thereof, from the accruing of such right and during
<br />the pendency of foreclosure proceedings and the period of redemption, if any there be, and such possession shall at once
<br />be delivered to the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase on request
<br />and on refusal, the delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the note, or the
<br />holder of said 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 rents, issues and
<br />profits thereof, after such default, including the time covered by foreclosure proceedings and the period of redemption, if any
<br />there be, and shall be entitled thereto as a matter of right without regard to the solvency or insolvency of the GRANTOR or
<br />of the then owner of said Property and without regard to the value thereof, and such Receiver may be appointed by any court
<br />of competent jurisdiction upon ex parte application and without notice - notice being hereby expressly waived - and all rents,
<br />issues and profits, income and revenue therefrom shall be applied by such Receiver to the payment of the indebtedness
<br />hereby secured, according to the law and the orders and directions of the o
<br />And that in case of default in any of said payments; of princi Brest, according to the tenor and effect of said
<br />promissory note or any part thereof, or of a breach or violation of an covenants or agreements contained herein and
<br />in the Contract, by the GRANTOR, its personal representatives or assigns, then and in that case the whole of said principal sum
<br />hereby secured, and the interest thereon to the time of the sale, may at once, at the option of the legal holder thereof,
<br />become due and payable, and the said Property be sold in the manner and with the same effect as if said indebtedness had
<br />matured, and that if foreclosure 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 of the cost of foreclosure, and
<br />if foreclosure be made through the courts a reasonable attorney's fee shall be taxed by the court as a part of the cost of such
<br />foreolosure proceedings.
<br />It t5 #Tdw understood ad that if a release of this Deed of Trust is required, the GRANTOR, its heirs or assigns
<br />will pay the expense thereof; that all the covenants and agreements contained herein and in the Contract shall extend to and
<br />be binding upon the heirs or assigns of the respective part^es hereto; and that the singular number shall include the plural,
<br />the plural the singular, and the use of any gender shall be applicable to all genders.
<br />Executed this L(/ day of 1995 .
<br />QC "- 1
<br />Caryl R. Carr. I
<br />State of FLORIDA
<br />SS
<br />County of BREVARD
<br />The foregoing instrument was acknowledged before me this v t" day of 10C) l�s✓✓►� -6E/'L _,1995,
<br />by (i, "oiz r /' _ C -' {= /t -/'_C, L_L- . Witness my hand and official seal.
<br />�PnY P'/ OFFICIAL NOTARY SEAL Notary Public /i JEAN M.
<br />0 e,� JEAN M CURRAN
<br />t n
<br />My commission expires * COMMISSION NUMBER
<br />CC
<br />yI CiA pry COMMISSION EXP.
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