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<br /> canceled upon less than thirty days wntti tice to the beneficiary. Certificates of insuran ,videncing the original policy or policies of
<br /> insurance shall be delivered to the benefit 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 /> said note or 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 Punic 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 lime 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 respective parties hereto; and that the singular number shall include the plural, the plural the singular, and
<br /> the use of any gend-r shall be applicable to all genders.
<br /> Exe t:. th. -1 d
<br /> � pf 1C0\2_ , 1995.
<br /> ATTEST: '- `—dY- < .•
<br /> ,.,.-7, v
<br /> (S'AL)
<br /> State of Colorado
<br /> � I SS
<br /> County of W e\Ct_, +� ,,.
<br /> The foregoing instrument m.cknowl:,..G ed before me this aCJ day of J►�(1 P __,1995- by
<br /> v ' N•" •-w "Witness my hand and seal.
<br /> , p
<br /> Notary Pu '
<br /> My commission expires •
<br /> -
<br /> Li-,25-a-
<br /> No.
<br /> DEED OF TRUST FROM
<br /> TO THE PUBLIC TRUSTEE .
<br /> For The Use Of '
<br /> . -}
<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 /> •
<br /> Clerk and Recorder
<br /> Fees, $ Deputy
<br /> P o 2C /0y .4(ACI1"t- h e 7
<br />
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