Laserfiche WebLink
• <br /> 584715 DT 09/10/2012 01:51:11 PM <br /> Page: 2 of 3 R 21.00 D 0.00 T 21.00 <br /> Carol Tullis Clerk/Recorder, Montezuma County, Co <br /> ■III 11 ♦IIL1,Y4,11C«1ir1ili rHL 11111 <br /> Exemption or other exemption, now or hereafter provided by law. The GRANTOR further <br /> covenants that the collateral is free and clear of all liens and encumbrances whatever and that <br /> the GRANTOR shall warrant and forever defend the COLLATERAL 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. <br /> Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and <br /> assessments levied on the COLLATERAL; any and all amounts due on account of the principal <br /> and interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL <br /> insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale or <br /> transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the <br /> note immediately due and payable. <br /> In case of default in any of said payments of the principal or interest, according to the <br /> terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, <br /> then said principal sum hereby secured, and interest thereon, may at once, at the option of the <br /> BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the manner and <br /> with the same effect as if said indebtedness had matured, and that if foreclosure be made by <br /> the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the supervision of <br /> said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the cost of <br /> foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be <br /> taxed by the court as a part of the cost of such foreclosure proceedings. <br /> It is further understood and agreed, that if a release or a partial release of this Deed of <br /> Trust is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all <br /> the covenants and agreements contained herein and in the Promissory Note and LOAN <br /> CONTRACT shall extend to and be binding upon the successors or assigns of the respective <br /> parties hereto; and that the singular number shall include the plural, the plural the singular, and <br /> the use of any gender shall be applicable to all genders. <br /> Executed the day and date first written above. <br /> Montezuma Valley Irrigation Company, a <br /> Colorado nonprofit corporation <br /> (SEAL) <br /> By <br /> �...� <br /> Ra y Carver, President QpENy�`�� <br /> ATTEST: <br /> e. <br /> Q •....... <br /> wdy Sukla, Secretary • <br /> = <br /> • O <br /> County of Montezuma ) k •, �.•T <br /> SS �,�T••.. .••• p�J <br /> State of Colorado ) ‘k`q`E OF GO_ <br /> The foregoing instrument was acknowledged before me this 1�1 day of July 2012, by Randy <br /> Carver and Rowdy Sukla, as President and Secretary, respectively, of Montezuma Valley <br /> Irrigation Company. Witness my hand and official seal. :r <br /> V��.Lf�t , Up , �i Notary Public <br /> Appendix 5 to Loan Contract C150333 <br />