C153742 DOT Release

• Contract/PO #: C153742
• Contractor Name: Beaver Park Water, Inc.
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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absolutely waiving and releasing all rights and claims it may have in or to said Property as a Homestead Exemption, or other
exemption, under and by virtue of any act of the General Assembly of the State of Colorado, or as any exemption under and by
virtue of any act of the United States Congress, now existing or which may hereafter be passed in relation thereto and that the
same is free and clear of all liens and encumbrances whatever,except previous hypothecations to the State of Colorado,and the
above bargained Property 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,the GRANTOR shall and will Warrant and
Forever Defend,subject to said exceptions.
Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments levied on the
Property; any and all amounts due on account of principal and interest or other sums on any senior encumbrances, if any; and
will keep the Property insured in accordance with the requirements of the Contract. Should the GRANTOR fail to insure the
Property in accordance with the Contract or to pay taxes or assessments as the same fall due, or to pay any amounts payable
upon senior encumbrances, if any,the beneficiary may make any such payments or procure any such insurance, and all monies
so paid with interest thereon at the rate of ten percent(10%)per annum shall be added to and become a part of the indebtedness
secured by this Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In
addition, and at its option, the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in default
for failure to procure insurance or make any further payments required by this paragraph. In the event of the sale or transfer of
the Property,the beneficiary,at its option,may declare the entire balance of the note immediately due and payable.
And that in case of any default,whereby the right of foreclosure occurs hereunder,the PUBLIC TRUSTEE, the State as
holder of the note,or the holder of a certificate of purchase, shall at once become entitled to the possession, use and enjoyment
of the Property aforesaid,and to the rents, issues and profits thereof,from the accruing of such right and during the pendency of
foreclosure proceedings and the period of redemption, if any there be, and such possession shall at once be delivered to the
PUBLIC TRUSTEF, the State as holder of the note, or the holder of said certificate of purchase on request, and on refusal, the
delivery of the Property may be enforced by the PUBLIC TRUSTEE,the State as holder of the note,or the holder of said certificate of
purchase by an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE,or the holder of said note or certificate of purchase,
or any thereof, shall be entitled to a Receiver for said Property, and of the rents, issues and profits thereof, after such default,
including the time covered by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto
as a matter of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said Property and without
regard to the value thereof, and such Receiver may be appointed by any court of competent jurisdiction upon ex parte application
and without notice-notice being hereby expressly waived-and all rents, issues and profits, income and revenue therefrom shall
be applied by such Receiver to the payment of the indebtedness hereby secured, according to the law and the orders and
directions of the court.
And, that in case of default in any of said payments of principal or interest, according to the tenor and effect of said
promissory note or any part thereof,or of a breach or violation of any of the covenants or agreements contained herein and in the
Contract, by the GRANTOR, its successors or assigns, then and in that case the whole of said principal sum hereby secured, and
the interest thereon to the time of the sale, may at once, at the option of the legal holder thereof, become due and payable, and
the said Property 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 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.
�,� v,V"� Fl Beaver Pali Water, IpC.
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By � ��///A. % `
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7 FrejGreen,President
ATTf
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�sohn envie ur,ecretary 1111111111111111111 III 11111111111133311 III 11111 IIII IIII
w' t t 9 Nt ' .S,rar+a „
*'� ( i Rt<< 661810 04/25/1997 10:45A B1280 P605 29
State of Colorrcki -:,.,;0'.' ; 2 of 2 R 11.00 D 0.00 N 0.00 FREMONT COUNTY, CO
sem = K` iY "' SS.
County of . .• i-vn+
The foregoing instrument was acknowledged before me this 1.62-1-- day of Ll-o' ti_ 1997, by Fred Green.
Witness my hand and official seal. "'"'r''�"
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NOTA- �\lc,�� t 1��� �—
• i NotaryPublic
My commission expires =5/2-}1`t'1 -0-0-Q-
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