C150220 PIF Contract

• Contract/PO #: C150220
• Contractor Name: Abbott Ranch
• Contract Type: Loan
• Water District: 1
• County: Elbert
• Loan Projects - Doc Type: Contract Documents

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475383 06/22/2006 12:01P B685 P162 DT
1 of 3 R 16.00 D 0.00 Elbert County
Deed of Trust . .. rased Dated — E
-chic is to certify at the mood
DATE: May 2, 2006 of o ko4- r t1-13 scud
•',� .: A;kikoin dosed Of ' t►
GRANTOR: JANE ABBOTT h ve this day Messed
BENEFICIARY: COLORADO WATER CONSERVATION BOARDi e deed of rust.
COUNTY: ELBERT >\t,� -' t .�
PRINCIPAL LOAN AMOUNT: $49,440 Dub! TT use Met Catiftty,CO
LOAN CONTRACT: Loan Contract No. C150220, dated May 2, 2006 ,.11 _
TERMS OF REPAYMENT: 2.0% per annum for 10 years •
COLLATERAL: An undivided one-hundred percent interest in
A part of Section 18, Township 8 South, Range 62 West of the 6th
Principal Meridian, County of Elbert, State of Colorado. Being
more particularly described as follows: Beginning at the East 1/4
corner of said section 18 and considering the East line of the
Northeast 1/4 to bear N.01°27'35"W, with all bearings contained
herein relative thereto; thence N.01°27'35"W. along said East line,
a distance of 1,410.57 feet; thence N.89°26'57"W., a distance of
444 1,753.61 feet to the East right of way of Comanche Creek Road;
thence along said right of way the following two courses: (1)
S.05°09'10"W., a distance of 601.81 feet; (2) thence
S.10°56'57"W., a distance of 823.35 feet to the South line of the
Northeast 1/4 of said section 18; thence S.89°26'57"E. along said
South line, a distance of 1,999.98 feet to the Point of Beginning.
Containing 60.16 acres more or less.
This indenture is between the Grantor, and the Public Trustee of the above referenced
COUNTY, State of Colorado ("PUBLIC TRUSTEE"),
FACTUAL RECITALS
1. 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.
2. 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 nevertheless,
that in case of default in the payment of said Promissory Note, or any part thereof, or the
interest thereon, or in the performance of any covenants hereinafter set forth or in said
Promissory Note or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and
demand for sale, said PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less
than four weeks in some newspaper of general circulation in said COUNTY, shall sell said
Appendix 4 to Loan Contract C150220
Page 1 of 3