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3. August 1, 1997, of the ORIGINAL CONTRACT (which is incorporated herein by reference). The Original Deed of Trust, Appendix 5 of the ORIGINAL CONTRACT, Weld County RECORDING NUMBER 3717453 will be released and The AMENDMENT No.1 to Deed of Trust will be recorded in Weld County, Colorado. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the LOAN CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with TERMS OF REPAYMENT and in accordance with the Promissory Note or until loan is paid in full. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of said Promissory Note to the BENEFICIARY. The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described COLLATERAL. To have and to hold the same, together with all appurtenances, in trust iertheless, that in case of default in the payment of said Promissory Note, or any I thereof, or the interest thereon, or in the performance of any covenants reinafter set forth or in said Promissory Note or LOAN CONTRACT, then upon the NEFICIARY filing notice of election and demand for sale, said PUBLIC TRUSTEE, after wertising notice of said sale weekly for not less than four weeks in some newspaper general circulation in said COUNTY, shall sell said COLLATERAL in the manner ►vided by law in effect at the time of filing said ndtice and demand, at public auction cash, at any proper place designated in the notice of sale. Out of the proceeds of d sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and costs and moneys advanced for taxes, insurance and assessments, or on any prior cumbrance, with interest thereon and pay the principal and interest due on said )missory Note, rendering the overplus, if any, unto the GRANTOR; and after the )iration of the time of redemption, the PUBLIC TRUSTEE shall execute and deliver to ► purchaser a deed to the COLLATERAL sold. The BENEFICIARY may purchase said ILLATERAL or any part thereof at such sale. The GRANTOR covenants that at the time of the delivery of these presents, it is ill seized of the COLLATERAL in fee simple, and has full power and lawful authority to mt, bargain, sell and convey the same in the manner and form as aforesaid. The IANTOR fully waives and releases all rights and claims it may have in or to said ii-LATERAL as a Homestead Exemption or other exemption, now or hereafter wided by law. The GRANTOR further covenants that the collateral is free and clear of liens and encumbrances whatever and that the GRANTOR shall warrant and forever fend the COLLATERAL in the quiet and peaceable possession of the PUBLIC TRUSTEE, successors and assigns, against all and every person or persons lawfully claiming to claim the whole or any part thereof. Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes d assessments levied on the COLLATERAL; any and all amounts due on account of Appendix B to Amendment No.1 Loan Contract C150273 Page 2 of 4