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and shall convey and quitclaim to such person entitled to such deed, the Property purchased as ,
<br /> aforesaid and all the right, title, interest, benefit and equity of redemption of the GRANTOR, its
<br /> successors and assigns made therein, and shall recite the sum for which the said Property was sold
<br /> and shall refer to the power of sale therein contained, and to the sale made by virtue thereof; and in
<br /> case of an assignment of such certificate of purchase, or in case of the redemption of the Property,
<br /> by a subsequent encumbrance, such assignment or redemption shall also be referred to in such
<br /> deed; but the notice of sale need not be set out in such deed and the PUBLIC TRUSTEE shall, out of
<br /> the proceeds or avails of such sale, after first paying and retaining all fees, charges and costs of
<br /> making said sale, pay to the beneficiary hereunder the principal and interest due on said note
<br /> according to the tenor and effect thereof, and all moneys advanced by such beneficiary or legal
<br /> holder of said note for insurance, taxes and assessments, with interest thereon at ten per cent per
<br /> annum, rendering the surplus, if any, unto the GRANTOR, its legal representatives or assigns; which
<br /> sale and said deed so made shall be a perpetual bar, both in law and equity, against the GRANTOR,
<br /> its successors and assigns, and all other persons claiming the Property, or any part thereof, by,
<br /> from, through or under the GRANTOR, or any of them. The holder of said note may purchase
<br /> Property or any part thereof; and it shall not be obligatory upon the purchaser at any such sale to
<br /> 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 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.
<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 /> issues and profits thereof, from the accruing of such right and during the pendency of foreclosure
<br /> proceedings and the period of redemption, if any there be, and such possession shall at once be
<br /> delivered to the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of
<br /> purchase on request and on refusal, the delivery of the Property may be enforced by the PUBLIC
<br /> 11111111111 11111 IIIIII liii 1111111 11111 III 11111 liii liii
<br /> 1232119 08/03/1998 01:27P TD Chris C. Munoz
<br /> 2 of 3 R 16.00 D 0.00 Pueblo Cty Clk & Rec.
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