CT2015-046 Void Contract - Laserfiche WebLink

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II 1,1 1111 I .III III 11,I ll 111 ill IIII III .5f 02/12/2014 02:21 PM RE:$21.00 DE:$0.00 . ., Boulder County Clerk,CO Deed of Trust DATE: January 9, 2014 CANCELLED GRANTOR: Haldi Ditch Company, a Colorado nonprofit corporation RELEASED BENEFICIARY: Colorado Water Conservation Board AUG 0 4 2015 COUNTY: Boulder PRINCIPAL LOAN AMOUNT: $50,500 Boulder County LOAN CONTRACT: Loan Contract No. C150389 Public Trustee TERMS OF REPAYMENT: 30 YEARS-no payments and zero interest for the first three years followed by 27 years of amortized payments at the interest rate of 2.35% per annum COLLATERAL: An undivided one-hundred percent interest in the Haldi pipeline including any easements, rights-of-ways or other property or property interests held and used in connection with the access and operation of said diversion structure. The location of the pipeline starts at the SW SE 13 N71 W S and ends at the Left Hand's Water District's Spurgeon Water Treatment Plant, Boulder County, Colorado. 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 co na hereinafter set forth or in said PROMISSORY NOTE or LOAN CONTRACT, then upon the BENEF IA filing notic- •f election and demand for sale, said PUBLIC TRUSTEE, after advertising notice id sale w- : `y '.\ of less than four weeks in some newspaper of general circulation in said C uNTY, shall •II said • OLLATERP4 in the manner provided by law in effect at the time of filing said notice and dem\' * a ' blic auction for cash, proper place designated in the notice of sale. Out of the proceeds o said sale, the PUBLIC T•. STELA shall retain or pay first all fees, charges and costs and all moneys advanced for taxes, ins nce_ nd assessments, or on any prior encumbrance, with interest thereon and pay the princi. -• interest due on said PROMISSORY NOTE, rendering the overplus, if any, unto the GRANTOR; and after the expiration of the time of redemption, the PUBLIC TRUSTEE shall execute and deliver to the purchaser a deed to the COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL or any part thereof at such sale. The GRANTOR covenants that at the time of the delivery of these presents, it is well seized of Appendix 5 to Loan Contract C150389 Page 1 of 3