CT2016-2040 Filed DOT

• Contract/PO #: CT2016-2040
• Contractor Name: Brighton Ditch Company
• Contract Type: Loan
• County: Adams
• Loan Projects - Doc Type: Contract Documents

RECEPTION# 2016000020005,
03/17/2016 at 09 27 18 AM 1 OF 3
TD Pgs 0 Stan Martin,Adams County CO
Deed of Trust
DATE: January 16, 2016
GRANTOR: THE BRIGHTON DITCH COMPANY,A NONPROFIT CORPORATION
BENEFICIARY: COLORADO WATER CONSERVATION BOARD
COUNTY: ADAMS
PRINCIPAL LOAN AMOUNT: $225,000
LOAN CONTRACT NUMBER: CT2016-2040
TERMS OF REPAYMENT: 2.55% interest for 30 years
COLLATERAL: An undivided one-hundred percent interest in the Brighton Ditch
diversion and headgate structure, 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 and
headgate structure located at SE1/4 of the SE1/4 of Section 13,
Township 1 South, Range 67 West of the Sixth P.M., Adams
County.
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 COLLATERAL in
the manner provided by law in effect at the time of filing said notice and demand, at public
auction for cash, at any proper place designated in the notice of sale. Out of the proceeds of
said sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and costs and all moneys
advanced for taxes, insurance and assessments, or on any prior encumbrance, with interest
thereon and pay the principal and 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
Appendix 6
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