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<br /> 11111$11111111111 1111111111 Page: f f003
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<br /> ChrisC.Munoz PuebloCtYClk&Reo RM TD R 15.00 00
<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, interest,
<br /> benefit and equity of redemption of the GRANTOR, its successors and assigns made therein, and shall
<br /> recite the sum for which the said Property was sold and shall refer to the power of sale therein
<br /> contained, and to the sale made by virtue thereof; and in case of an assignment of such certificate of
<br /> purchase, or in case of the redemption of the Property, by a subsequent encumbrance, such
<br /> assignment or redemption shall also be referred to in such deed; but the notice of sale need not be set
<br /> out in such deed and the PUBLIC TRUSTEE shall, out of the proceeds or avails of such sale, after first
<br /> paying and retaining all fees, charges and costs of making said sale, pay to the beneficiary hereunder
<br /> the principal and interest due on said note according to the tenor and effect thereof, and all moneys
<br /> advanced by such beneficiary or legal holder of said note for insurance, taxes and assessments, with
<br /> interest thereon at ten per cent per annum, rendering the surplus, if any, unto the GRANTOR, its legal
<br /> representatives or assigns; which sale and said deed so made shall be a perpetual bar, both in law
<br /> and equity, against the GRANTOR, its successors and assigns, and all other persons claiming the
<br /> Property, or any part thereof, by, from, through or under the GRANTOR, or any of them. The holder of
<br /> said note may purchase Property or any part thereof; and it shall not be obligatory upon the purchaser
<br /> 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 seized
<br /> of the Property in fee simple, and has good right, full power and lawful authority to grant, bargain, sell
<br /> and convey the same in the manner and form as aforesaid; hereby fully and absolutely waiving and
<br /> releasing all rights and claims it may have in or to said Property as a Homestead Exemption, or other
<br /> exemption, under and by virtue of any act of the General Assembly of the State of Colorado, or as any
<br /> exemption under and by virtue of any act of the United States Congress, now existing or which may
<br /> hereafter be passed in relation thereto and that the same is free and clear of all liens and
<br /> encumbrances whatever, and the above bargained Property in the quiet and peaceable possession of
<br /> the PUBLIC TRUSTEE, its successors and assigns, against all and every person or persons lawfully
<br /> claiming or to claim the whole or any part thereof, the GRANTOR shall and will Warrant and Forever
<br /> 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 with
<br /> the requirements of the Contract. Should the GRANTOR fail to insure the Property in accordance with
<br /> the Contract or to pay taxes or assessments as the same fall due, or to pay any amounts payable
<br /> upon senior encumbrances, if any, the beneficiary may make any such payments or procure any such
<br /> insurance, and all monies so paid with interest thereon at the rate of ten percent (10%) per annum
<br /> shall be added to and become a part of the indebtedness secured by this Deed of Trust and may be
<br /> paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition, and at its
<br /> option, the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in
<br /> default for failure to procure insurance or make any further payments required by this paragraph. In
<br /> the event of the sale or transfer of the Property, the beneficiary, at its option, may declare the entire
<br /> balance of the note immediately due and payable.
<br /> And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br /> TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once
<br /> become entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents,
<br />
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