C150273 Contract

• Contract/PO #: C150273
• Contractor Name: Ogilvy Augmentation Company
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Contract Documents

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3717454 09/09/2010 03:48P Weld County, CO
2 of 3 R 21.00 D 0.00 Steve Moreno Clerk & Recorder
proceed of said sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and costs
and all oneys advanced for taxes, insurance and assessments, or on any prior encumbrance,
with inte est thereon and pay the principal and interest due on said Promissory Note, rendering
the ove lus, if any, unto the GRANTOR; and after the expiration of the time of redemption, the
PUBLIC USTEE shall execute and deliver to the purchaser a deed to the COLLATERAL sold. The
BENEFICI kRY may purchase said COLLATERAL or any part thereof at such sale.
Tie GRANTOR covenants that at the time of the delivery of these presents, it is well
seized c f the COLLATERAL in fee simple, and has full power and lawful authority to grant,
bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully
waives a nd releases all rights and claims it may have in or to said COLLATERAL as a Homestead
Exemption or other exemption, now or hereafter provided by law. The GRANTOR further
covenan s that the collateral is free and clear of all liens and encumbrances whatever and that
the GRA 4TOR shall warrant and forever defend the COLLATERAL in the quiet and peaceable
possessi Dn of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or
persons awfully claiming or to claim the whole or any part thereof.
til payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
assessrT ents levied on the COLLATERAL; any and all amounts due on account of the principal
and intei est or other sums on any senior encumbrances, if any; and will keep the COLLATERAL
insured i i accordance with the requirements of the LOAN CONTRACT. In the event of the sale or
transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the
note imn iediately due and payable.
Ir case of default in any of said payments of the principal or interest, according to the
terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns,
then sal principal sum hereby secured, and interest thereon, may at once, at the option of the
BENEFICI , kRY, become due and payable, and the said COLLATERAL be sold in the manner and
with the same effect as if said indebtedness had matured, and that if foreclosure be made by
the PLIBL C TRUSTEE, an attorney's fee in a reasonable amount for services in the supervision of
said fore alosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the cost of
foreclOSL re, and if foreclosure be made through the courts a reasonable attomey's fee shall be
taxed by the court as a part of the cost of such foreclosure proceedings.
It is further understood and agreed, that if a release or a partial release of this Deed of
Trust is 11equired, the GRANTOR, its successors or assigns will pay the expense thereof; that all
the cov nants and agreements contained herein and in the Promissory Note and LOAN
CONTRACT shall extend to and be binding upon the successors or assigns of the respective
parties h eto; and that the singular number shall include the plural, the plural the singular, and
the use c f any gender shall be applicable to all genders.
ecuted the day and date first written above.
%" Ogilvy Augmentation Company, a Colorado
nonprofit corporation
SEAL)
By
Dennis Hoshiko, President
ATTEST
Appendix 6 to Loan Contract C150273