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I 111111 11111 111111 11111 liii 111111111111 III 11111 1111 !III
<br /> 541909 03/13/2001 12:17P Kay Weinland
<br /> 2 of 3 R 15.00 D 0.00 Routt County, CO
<br /> by the said PUBLIC TRUSTEE and shall convey and quitclaim to such person entitled to such deed, the
<br /> Property purchased as aforesaid and all the right, title, interest, benefit and equity of redemption of the
<br /> GRANTOR, its successors and assigns made therein, and shall recite the sum for which the said Property
<br /> was sold and shall refer to the power of sale therein contained, and to the sale made by virtue thereof; and
<br /> in case of an assignment of such certificate of purchase, or in case of the redemption of the Property, by a
<br /> subsequent encumbrance, such assignment or redemption shall also be referred to in such deed; but the
<br /> notice of sale need not be set out in such deed and the PUBLIC TRUSTEE shall, out of the proceeds or avails
<br /> of such sale, after first paying and retaining all fees, charges and costs of making said sale, pay to the
<br /> beneficiary hereunder the principal and interest due on said note according to the tenor and effect thereof,
<br /> and all moneys advanced by such beneficiary or legal holder of said note for insurance, taxes and
<br /> assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any, unto the
<br /> GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a perpetual bar,
<br /> both in law and equity, against the GRANTOR, its successors and assigns, and all other persons claiming
<br /> the Property, or any part thereof, by, from, through or under the GRANTOR, or any of them. The holder of
<br /> said note may purchase Property or any part thereof; and it shall not be obligatory upon the purchaser at
<br /> any such sale to 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 the
<br /> PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is well seized of the
<br /> Property in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and
<br /> convey the same in the manner and form as aforesaid; hereby fully and absolutely waiving and releasing
<br /> all rights and claims it may have in or to said Property as a Homestead Exemption, or other exemption,
<br /> under and by virtue of any act of the General Assembly of the State of Colorado, or as any exemption
<br /> under and by virtue of any act of the United States Congress, now existing or which may hereafter be
<br /> passed in relation thereto and that the same is free and clear of all liens and encumbrances whatever, and
<br /> the above bargained Property in the quiet and peaceable possession of the PUBLIC TRUSTEE, its
<br /> successors and assigns, against all and every person or persons lawfully claiming or to claim the whole or
<br /> any part thereof, the GRANTOR shall and will Warrant and Forever Defend.
<br /> Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments
<br /> levied on the Property; any and all amounts due on account of principal and interest or other sums on any
<br /> senior encumbrances, if any; and will keep the Property insured in accordance with the requirements of
<br /> the Contract. Should the GRANTOR fail to insure the Property in accordance with the Contract or to pay
<br /> taxes or assessments as the same fall due, or to pay any amounts payable upon senior encumbrances, if
<br /> any, the beneficiary may make any such payments or procure any such insurance, and all monies so paid
<br /> with interest thereon at the rate of ten percent (10%) per annum shall be added to and become a part of
<br /> the indebtedness secured by this Deed of Trust and may be paid out of the proceeds of the sale of the
<br /> Property if not paid by the GRANTOR. In addition, and at its option, the beneficiary may declare the
<br /> indebtedness secured hereby and this Deed of Trust to be in default for failure to procure insurance or
<br /> make any further payments required by this paragraph. In the event of the sale or transfer of the Property,
<br /> the beneficiary, at its option, may 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 become
<br /> entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents, issues and
<br /> profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and the
<br /> period of redemption, if any there be, and such possession shall at once be delivered to the PUBLIC
<br /> TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase on request and on
<br /> refusal, the delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the
<br /> note, or the holder of said certificate of purchase by an appropriate civil suit or proceeding, and the PUBLIC
<br /> TRUSTEE, or the holder of said note or certificate of purchase, or any thereof, shall be entitled to a Receiver
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