C150333 PIF

• Contract/PO #: C150333
• Contractor Name: Montezuma Valley Irrigation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Repayment Information

•
584715 DT 09/10/2012 01:51:11 PM
Page: 2 of 3 R 21.00 D 0.00 T 21.00
Carol Tullis Clerk/Recorder, Montezuma County, Co
■III h'i IIL1 P ��«�ti ISI�J'I�'�i
114IifLleU Milt IiUIi 11111
Exemption or other exemption, now or hereafter provided by law. The GRANTOR further
covenants that the collateral is free and clear of all liens and encumbrances whatever and that
the GRANTOR shall warrant and forever defend the COLLATERAL in the quiet and peaceable
possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or
persons lawfully claiming or to claim the whole or any part thereof.
Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
assessments levied on the COLLATERAL; any and all amounts due on account of the principal
and interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL
insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale or
transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the
note immediately due and payable.
In case of default in any of said payments of the principal or interest, according to the
terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns,
then said principal sum hereby secured, and interest thereon, may at once, at the option of the
BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the 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 fee in a reasonable amount for services in the supervision of
said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part 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 of the cost of such foreclosure proceedings.
It is further understood and agreed, that if a release or a partial release of this Deed of
Trust is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all
the covenants and agreements contained herein and in the Promissory Note and LOAN
CONTRACT shall extend to and be binding upon the successors or assigns of the respective
parties hereto; and that the singular number shall include the plural, the plural the singular, and
the use of any gender shall be applicable to all genders.
Executed the day and date first written above.
Montezuma Valley Irrigation Company, a
Colorado nonprofit corporation
(SEAL)
By „n e
Ra4ly Carver, President OQ?ENy'` `
ATTEST: • ...•q,�1�
Byi � i �•0'SAR y'••.F�,��tt�
a,w- •
• I
wdy Sukla, Secretary �;
• :Oi
County of Montezuma ) � •V V.:
SS 1 S'• AU *:pQS
State of Colorado ) ‘‘Al`E OF C-
The foregoing instrument was acknowledged before me this day of July 2012, by Randy
Carver and Rowdy Sukla, as President and Secretary, respectively, of Montezuma Valley
Irrigation Company. Witness my hand and official seal.
f)p.MtQ , opp..I '7l (.A._ Notary Public
Appendix 5 to Loan Contract C150333