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titilt 1111113 lit
<br /> Imuntision 27P Weld County,
<br /> 3123185 1110312003 04.•
<br /> 2 of 2 R 11.00 0 0.00 Steve Moreno Clerk&Recorder
<br /> claims it may have in or to said COLLATERAL as a Homestead Exemption or other exemption, now or
<br /> hereafter provided by law. The GRANTOR further covenants that the collateral is free and clear of all
<br /> liens and encumbrances whatever and that the GRANTOR shall warrant and forever defend the
<br /> COLLATERAL in the quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and assigns,
<br /> against all and every person or 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 and
<br /> interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL insured in
<br /> accordance with the requirements of the LOAN CONTRACT. In the event of the sale or transfer of the
<br /> COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the note immediately due
<br /> and payable.
<br /> In case of default in any of said payments of the principal or interest, according to the terms of
<br /> said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said
<br /> principal sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY,
<br /> become due and payable, and the said COLLATERAL be sold in the manner and with the same effect as
<br /> 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
<br /> allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through
<br /> the courts a reasonable attorney's fee shall be taxed by the court as a part of the cost of such
<br /> 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
<br /> and agreements contained herein and in the Promissory Note and LOAN CONTRACT shall extend to and
<br /> be binding upon the successors or assigns of the respective parties hereto; and that the singular
<br /> number shall include the plural, the plural the singular, and the use of any gender shall be applicable to
<br /> all genders.
<br /> The Ogilvy Irrigating and Land Company, a Colorado
<br /> ��, ti�
<br /> yt�y}4Rt!„N.��'rrr nonprofit corporation
<br /> ' r
<br /> `` cckt�G F, ORATE 'Mi IT
<br /> o 01 "= 0 z t J.,>• Z: 1. *-1, ik Holman, President
<br /> sk ',„'L) -`›..-* ', .? 1 li' i,./ ) if 1
<br /> ,
<br /> iliorPJoyce Am• dson, Corporate Secretary
<br /> County of .)a. )
<br /> SS
<br /> State of Colorado )
<br /> The foregoing instrument was acknowledged before me this 02/L6-day of <C o6.e-.-- 2003, by Jack
<br /> Holman and Joyce Amundson as President and Corporate Secretary, respectively, of The Ogilvy
<br /> Irrigating and Land Company. Witness my hand and official seal. ........
<br /> `. "N-1---t: Notary Public
<br /> cal ' 1
<br /> My commission expires -a ., . f .2c:c c, : y,1. U���O
<br /> Page 2 of 2 '�O,r_ ........ •-•,..,* •, °
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