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<br /> purchased, and the sum paid therefor, and the time when the purchaser (or other person entitled
<br /> thereto) shall be entitled to the deed therefor, unless the same shall be redeemed as is provided by
<br /> law; and said PUBLIC TRUSTEE shall, upon demand by the person holding the said certificate of
<br /> purchase, when said demand is made, or upon demand by the person entitled to a deed to and for
<br /> the Property purchased, at the time such demand is made, the time for redemption having expired,
<br /> make and execute to such person a deed to the Property purchased, which said deed shall be in
<br /> the ordinary form of a conveyance, and shall be signed, acknowledged and delivered by the said
<br /> PUBLIC TRUSTEE and shall convey and quitclaim to such person entitled to such deed, the Property
<br /> purchased as aforesaid and all the right, title, interest, benefit and equity of redemption of the
<br /> GRANTOR, its successors and assigns made therein, and shall recite the sum for which the said
<br /> Property was sold and shall refer to the power of sale therein contained, and to the sale made by
<br /> virtue thereof; and in case of an assignment of such certificate of purchase, or in case of the
<br /> redemption of the Property, by a subsequent encumbrance, such assignment or redemption shall
<br /> also be referred to in such deed; but the notice of sale need not be set out in such deed and the
<br /> PUBLIC TRUSTEE shall, out of the proceeds or avails of such sale, after first paying and retaining all
<br /> fees, charges and costs of making said sale, pay to the beneficiary hereunder the principal and
<br /> interest due on said note according to the tenor and effect thereof, and all moneys advanced by
<br /> such beneficiary or legal holder of said note for insurance, taxes and assessments, with interest
<br /> 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
<br /> of said note may purchase Property or any part thereof; and it shall not be obligatory upon the
<br /> 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
<br /> all 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
<br /> accordance with the Contract or to pay taxes or assessments as the same fall due, or to pay any
<br /> amounts payable upon senior encumbrances, if any, the beneficiary may make any such payments
<br /> or procure any such insurance, and all monies so paid with interest thereon at the rate of ten
<br /> percent (10%) per annum shall be added to and become a part of the indebtedness secured by this
<br /> Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid by the
<br /> GRANTOR. In addition, and at its option, the beneficiary may declare the indebtedness secured
<br /> hereby and this Deed of Trust to be in default for failure to procure insurance or make any further
<br /> payments required by this paragraph. In the event of the sale or transfer of the Property, the
<br /> beneficiary, at its option, may declare the entire balance of the note immediately due and payable.
<br /> And that in case of any default, whereby the right of foreclosure occurs hereunder, the
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<br /> 1232118 08/03/1998 01:27P TD Chris C. Munoz
<br /> 2 of 3 R 16.00 D 0.00 Pueblo Cty Cik & Ree.
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