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<br /> 1111111111111111111111111111111111111111111111111111111 12/03/2001 08:50f
<br /> ChrisC.Munoz Pueb1cCty01k&Rec AM TD R 15.00 D 0.00
<br /> notice shall be mailed to the county seat, and to make and give to the purchaser of the rroperty at
<br /> such sale, a certificate in writing describing the Property purchased, and the sum paid therefor, and
<br /> the time when the purchaser (or other person entitled thereto) shall be entitled to the deed therefor,
<br /> unless the same shall be redeemed as is provided by law; and said PUBLIC TRUSTEE shall, upon
<br /> demand by the person holding the said certificate of purchase, when said demand is made, or upon
<br /> demand by the person entitled to a deed to and for the Property purchased, at the time such demand
<br /> is made, the time for redemption having expired, make and execute to such person a deed to the
<br /> Property purchased, which said deed shall be in the ordinary form of a conveyance, and shall be
<br /> signed, acknowledged and delivered by the said PUBLIC TRUSTEE and shall convey and quitclaim to
<br /> such person entitled to such deed, the Property purchased as aforesaid and all the right, title,
<br /> interest, benefit and equity of redemption of the GRANTOR, its successors and assigns made therein,
<br /> and shall recite the sum for which the said Property was sold and shall refer to the power of sale
<br /> therein contained, and to the sale made by virtue thereof; and in case of an assignment of such
<br /> certificate of purchase, or in case of the redemption of the Property, by a subsequent encumbrance,
<br /> such assignment or redemption shall also be referred to in such deed; but the notice of sale need not
<br /> be set out in such deed and the PUBLIC TRUSTEE shall, out of the proceeds or avails of such sale,
<br /> after fircI p_Yin`gJ' and retaining II fees ch gc and dust- if making said :sale pay to the beneficiary
<br /> al t�r� I!.st u IC I aI IU I v u lu i all fees, vl lar l.J di ,
<br /> hereunder the principal and interest due on said note according to the tenor and effect thereof, and all
<br /> moneys advanced by such beneficiary or legal holder of said note for insurance, taxes and
<br /> assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any, unto the
<br /> GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a perpetual
<br /> bar, both in law and equity, against the GRANTOR, its successors and assigns, and all other persons
<br /> claiming the Property, or any part thereof, by, from, through or under the GRANTOR, or any of them.
<br /> The holder of said note may purchase Property or any part thereof; and it shall not be obligatory upon
<br /> the purchaser at any such sale to see to the application of the purchase money.
<br /> And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with
<br /> the PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is well
<br /> seized of the Property in fee simple, and has good right, full power and lawful authority to grant,
<br /> bargain, sell and convey the same in the manner and form as aforesaid; hereby fully and absolutely
<br /> waiving and releasing all rights and claims it may have in or to said Property as a Homestead
<br /> Exemption, or other exemption, under and by virtue of any act of the General Assembly of the State
<br /> of Colorado, or as any exemption under and by virtue of any act of the United States Congress, now
<br /> existing or which may hereafter be passed in relation thereto and that the same is free and clear of all
<br /> liens and encumbrances whatever, and the above bargained Property in the quiet and peaceable
<br /> possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or
<br /> persons lawfully claiming or to claim the whole or any part thereof, the GRANTOR shall and will
<br /> Warrant and Forever Defend.
<br /> Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br /> assessments levied on the Property; any and all amounts due on account of principal and interest or
<br /> other sums on any senior encumbrances, if any; and will keep the Property insured in accordance
<br /> with the requirements of the Contract. Should the GRANTOR fail to insure the Property in accordance
<br /> with the Contract or to pay taxes or assessments as the same fall due, or to pay any amounts
<br /> payable upon senior encumbrances, if any, the beneficiary may make any such payments or procure
<br /> any such insurance, and all monies so paid with interest thereon at the rate of ten percent (10%) per
<br /> annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and
<br /> may be paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition,
<br /> and at its option, the beneficiary may declare the indebtedness secured hereby and this Deed of
<br /> Trust to be in default for failure to procure insurance or make any further payments required by this
<br /> paragraph. In the event of the sale or transfer of the Property, the beneficiary, at its option, may
<br /> declare the entire balance of the note immediately due and payable.
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