for said Property, and of the rents, issues and profits thereof, after such default, including the time covered
<br /> by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto as a
<br /> matter of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said
<br /> Property and without regard to the value thereof, and such Receiver may be appointed by any court of
<br /> competent jurisdiction upon ex parte application and without notice - notice being hereby expressly waived
<br /> - 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
<br /> court.
<br /> And, that in case of default in any of said payments of principal or interest, according to the tenor
<br /> and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants or
<br /> agreements contained her in and in the Contract, by the GRANTOR, its personal representatives or
<br /> assigns, then and in that ca e 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
<br /> the said Property be sold i the manner and with the same effect as if said indebtedness had matured,
<br /> and that if foreclosure be ade by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for
<br /> services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a
<br /> part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee
<br /> shall be 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 Trust is
<br /> required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and
<br /> agreements contained herein and in the Contract shall extend to and be binding upon the heirs or assigns
<br /> of the respective parties hereto; and that the singular number shall include the plural, the plural the
<br /> singular, and the use of any gender shall be applicable to all genders.
<br /> Executed the day and date first written above.
<br /> Wis .
<br /> K.,0
<br /> ,',
<br /> J44•••�t.•_//^ Woodchuck Ditch Company, a Colorado
<br /> :• r ,;... I•d" k , ' ' nonprofit corporation
<br /> ,.--' f ,'''".., >, ( AA-t4 •
<br /> r Z By ,� --7,--zCti-il
<br /> f •% ,t ; ,, e Zimmerman, President
<br /> :..... .\1)
<br /> 1-E3'y 11'!" -M. OA%
<br /> Corporate Secretary 1i�� 11111111111111111111111 liii 111111111111 III 111111111 iiii
<br /> 541909 03/13/2001 12:17P Kay Weinland
<br /> State of Colorado ) 3 of 3 R 15.00 D 0.00 Routt County, Co
<br /> SS
<br /> County of Y-ou- k )
<br /> The foregoing instrument was acknowledged before me thisuL day of Sant YF 1 200 ,
<br /> by Joe Zimmerman as President and P0.-, �.1��2..\ .2m as Corporate Secreta of the
<br /> Woodchuck Ditch Company. Witness my hand ar?d official s-- . _
<br /> 0 � nA
<br /> � �♦ �/_•
<br /> iury Commissi . { `'' '' ';V. ��•,�''ti
<br /> My commission expires: �� Plres 05/15/2002 N` •!, 'f
<br /> 4. ' _ - --r;r-<- _
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