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canceled upon less than thirty days writ otice to the beneficiary. Certificates of insun evidencing the original policy or policies of
<br /> insurance shall be delivered to the beneti,.ary as further security for the indebtedness. Should the GRANTOR fail to insure and deliver the
<br /> policies or to pay taxes or assessments as the same fall due, or to pay any amounts payable upon senior encumbrances, if any, the
<br /> beneficiary may make any such payments or procure any such insurance, and all monies so paid with interest thereon at the rate of ten per
<br /> cent per annum shall be added to an become a part of the indebtedness secured by this deed of trust and may be paid out of the proceeds
<br /> of the sale of the property if not paid by the 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 payments required by this paragraph.
<br /> ,,,,, AND THAT IN CASE OF ANY DEFAULT, whereby the right of foreclosure occurs hereunder,the PUBLIC TRUSTEE or the holder of
<br /> sIttl note o[certificate of purchase, shall at once become entitled to the possession, use and enjoyment of the property aforesaid, and to
<br /> the rents,issues and profits thereof,from the accruing of such right and during the pendency of foreclosure proceedings and the period of
<br /> redemption, if any there be: and such possession shall at once be delivered to the PUBLIC TRUSTEE or the holder of said note or certificate
<br /> of purchase on request and on refusal, the delivery of such possession may be enforced by the PUBLIC TRUSTEE or the holder of said note
<br /> or certificate of purchase by an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of
<br /> purchase, or any thereof, shall be entitled to a Receiver for said property, and of the rents, issues and profits thereof, after such default,
<br /> including the time covered by foreclosure proceedings and the period of redemption,if any there be,and shall be entitled thereto as a matter
<br /> of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said property and without regard to the value
<br /> thereof, and such Receiver may be appointed by any court of competent jurisdiction upon ex parte application and without notice -notice
<br /> being hereby expressly waived - and all rents, issues and profits, income and revenue therefrom shall be applied by such Receiver to the
<br /> payment of the indebtedness hereby secured, according to the law and the orders and directions of the court.
<br /> AND, that in case of default in any of said payments or principal or interest, according to the tenor and effect of said promissory
<br /> note aforesaid,or any of them,or any part thereof,or of a breach or violation of any of the covenants or agreements herein,by the GRANTOR,
<br /> its personal representatives or assigns, then and in that case the whole of said principal sum hereby secured, and the interest thereon to
<br /> the time of the sale, may at once, at the option of the legal holder thereof, become due and payable, and the said property be sold in the
<br /> manner and with the same effect as if said indebtedness had matured,and that if foreclosure be made by the PUBLIC TRUSTEE,an attorney's
<br /> fee in a reasonable amount for services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part
<br /> of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be taxed by the court as a part
<br /> of the cost of such foreclosure proceedings.
<br /> IT IS FURTHER UNDERSTOOD AND AGREED,that if a release of this Deed of Trust is required,the GRANTOR will pay the expense
<br /> thereof; that all the covenants and agreements herein contained shall extend to and be binding upon the heirs, personal representatives,
<br /> successors and"assigns of the'retpective parties hereto; and that the singular number shall include the plural, the plural the singular, and
<br /> the use((��,of any tend•rshell be applicable to all genders.
<br /> -:-PEx e' t . th ' d f -T- -
<br /> ,;'' ���, , 1995.
<br /> ATTESTr '- ` 6�/r�
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<br /> ‘:_
<br /> State:of,Colorado'r - , '
<br /> 1Ne q
<br /> County of 9 �� "'� . .
<br /> The foregomb Instrumenf .cknowl•:.ed before me this a0 day of Ta n e t• !-,-.--,.;',1N5;,'by
<br /> / _• .,,Witness my.hand and seal.
<br /> 7 • F.Q4� o
<br /> t-, V
<br /> Notary Pu. •. ';‘,.-,m,s,v a< 0 o
<br /> My commission expires " r' gar' ` "
<br /> LI IS-11 t ikN ,.
<br /> is :1' ''i'iig,tftf019::
<br /> No. �:
<br /> DEED OF TRUST FROM •
<br /> TO THE PUBLIC TRUSTEE -
<br /> For The Use Of
<br /> State of Colorado
<br /> SS
<br /> County of
<br /> I hereby certify that this instrument was filed for record in my office at o'clock .M.,
<br /> 19 , and is duly recorded in book , page Film No. Reception No.
<br /> Clerk and Recorder
<br /> Fe�(es, $
<br /> Deputy
<br /> l- 0 go /0e/ Cil 2O•ei- ke k,
<br />
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