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<br />807Pl81200
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<br />Recordedal
<br />Reception No.
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<br />1 :30
<br />557125
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<br />o'dockJtLM., April 13, 1990
<br />y- Ruth E. Heath
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST, Dated
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<br />, between
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<br />FRUITLAND IRRIGATION COMPANY, A
<br />the grantor herein. whose address is ROll tel,
<br />
<br />COLORADO .CORPORATION
<br />Box 34, Crawford','OO 81415
<br />, of the
<br />"County of Delta and State of Colorado, and
<br />the PUBLIC TRUSTEE of the County or City and County in which the property described
<br />below is silualcd. in the Stale of Colorado,
<br />Witness:
<br />The grantor, to secure a promissory note or notes, hereinafter referred to in the singular. dated May 9. 1989
<br />for the 10lal principal S~~7188E(HUNDRED SIXTY EIQIT rnOUSAND FIVE HUNDRED FORTi-NINE AND dollars,
<br />payable to the order of $168,549.45)
<br />, , STATE OF COLORADO FOR TijE USE AND BENEFIT OF THE DEPARTMENT OF NATU
<br />the benefiCIary herem, whose address IS RESOURCES (COLORADO WATER CONSERVATION BOARD)
<br />,after the date thereof,
<br />percent per annum, principal and interest payable
<br />forty (40) years, due and payable
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<br />with interest thereon from the date thercofat the rate of
<br />in annual installments of $9,822.75
<br />in 20_
<br />
<br />5%
<br />each, for
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<br />docs hereby grant and convey unto said Public Tnlstee the following de~cribcd property, ~ituate in the County
<br />of I1d1l t;"'<:l$e ,Stalc of Colorado, tn wit:
<br />
<br />An undivided fifty percent (50%) of the Onion Valley Dam
<br />(Gould Reservoir). including the .walkway-, inlet and outlet
<br />works with all appurtenances, turnout structures and underlying land.
<br />
<br />also known by ~treet and number a~
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<br />10 HAVE AN)) TO II0Ul1he same l<'gelller" ilh all "ppul1enanc",. in 1ru<1 ne<,enhelc". lhal in ca"" of defaull;n the p"}'menl uf said nole or an~ f'lIrt lhereof or inleresl
<br />thcreon. or in 1he pcrtmman~e uf an~' cn<enanll hereinatter leI furth, Ihen upnn Ihe hencficiary lnOle holder) filin\! nOlice of eleclion and demand for sale. <aid Public Trustee,
<br />afterad,erlisingnnlicenllald,ale"eekly. f<1fnntle"lhanf"ur"c~k<,in'''men''''spapcrofgeneralcircul'liunln,"idcounty..shall <ell said propclry in Ihe mannerprovidcd
<br />byla,,'ineffectatthelimeolfiling,aidn"liceanddemand.;llpuhheauc11<mforcilsh.alan} proper place de<ignaled Inthcnm.cenf<ale_ Ouloflheproceedsof<aid..lc..id
<br />TruslfC<halJretainor,paylir"allfee"chargcsandcu:'l<andallmnneys.,h'ancedfnrlaJIe'.insuranceanda"essmenlS.ornnanypnorencuml:>rance.wilhintereslthereon,and
<br />pay Ihe principal and Inlelnl due un \~.d n(lte. rendeTlng Ihe ""erplus (if any) umo Ihe granwr,'and .flerlhe e~pir.linn of lhe limenf redempl;on, said Trusl... ,hall eU~Ule and
<br />deli\'el hl the purcha'er a deed 10 Ihe pr"rcrly s"ld -rhe hencficiary may purchase ,.id propeTl~' or an~' paltlhere"f"1 sucll ",Ie.
<br />The ~ranlOr c,,,,enams thai at Ihe lime of deli'cry I\f lhe~e pres"nls. he is sei/ed of ,aid properly in fee <imple, and thai said properly i, flee "fencumbrance_, ucepl
<br />except all rights-af-way, reservations, restrictions, easements, covenants and
<br />conditions, visible and of record, and except 1990 taxes payable in 1991.
<br />The gtanlur allu COl'enant' lhal he \\ ill keep alll>uildlng' ,",med" ilh a Cl'mpan:> apprmed 1>)' the l>cne~claIY fm fire and ..tended COl'elage in an amount equal 10 lhe unpaid
<br />I>atance of "id ",'Ie "ilh 10" p"}"ble ,,,'he bend;cial}'. "ill deli,'er a "'>1') uf the poliq' tll lhe henetkialY and \\illl'ny all laxe~ and ""e'SmenIS a~ainsl ",idplllpet1y and
<br />:~::~~:~ ~~~Ii'~!c~~e~~~~:~~~~ci';:ie~,~~~~~r (~:I~::~~~~~:?'a~nJ~~a~~~e ~~~::~~;:;S:~~~'h';r ~~I'~;'a~u:t1~)r;:::;,~~ ~e~C~~b'ace t~ ~;~fi~:;b i"J; '1 ~~~ t~ all
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<br />Should Ihe bcne~ciar}' hcrellndel he made a pallY '''an)' ael'on ilffc<:ting Ihi, deed ,'fUUSIor Ihe lilleto '3id prnro:rt)'. lhe granl,'r agrees Ihalal1<,ourl COSI~ and a reasonable
<br />.ltom,'y', f~epaid h} lhchencflciary,hal1becumeilddilionalindehtednes,duehcreunder: and lhe gramordo."herebyrcle3<e.nd ",,;,.. alldaim,;n said property "' a
<br />homeSlead exemp1iClnnl "lhel cxempllon now 01 hereafter pro\1ded I>'r la......
<br />Itis"j!leedlhat;nca",ofdcfaullinpa)'menIOf'3idl',incil'al"rinlere<l"rabreaehofanynflhecm..,nan"herein. Ihen'3idprinC'pal <umh ereh}'~ecurcdandintere'lthcreon
<br />may'l lhe "I"inn of Ihe henelid",y become due and I"':>ablc al nn<c. an}lhing in ,aid n"le In Ihe conlrar) nnl"lIhSlandin~ and po<<e"inn of <aid property willlhereupon be
<br />delivcredtolhebeneficiary.andnnfailuIClodeli'cr"lc'hl""",,,ion Ihehcncfic;ary ,hall hc em;tled 10 a recei<er fm..id prnpcTl}'. "hn may I>e appoimedhyanycoun"f
<br />compcl"m jur,idiclion.
<br />Whene,-er u-.cd h"rein Ihe ,;ngular nltmbel 'hall in<lude thc plural. Ihe plunlllhe s;ngul;lT. and the use <1f an}' ~en,kt Shall he ~pplK~ble to all ~cnde"" All or the C~nanl!
<br />hel'w"haH be bimlinj! upnn lhc ,,"'pective heirs. pcr,onalrcpre'Cn1ali\C<,<lK<,e""rsand,,,igns,,flhepartiesberelo
<br />E,"cIJI~d lhed"y and lea, li"'l "Ixwe "rillen FRUITLAND IRRIGATION COMPANY
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<br />: I r.ly commission expires I-i. - ~ 3 - '1 (
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<br />I: *If in Denver, inserl "City and.
<br />'-- - - - - -- ------ '_-:_~~'-;"'>T:~.:"~L~\~"' '~'----:::'-_7:-=-=-7_-_-=--~~---
<br />No, 9238, Rl'V, 6-85, Df:t:I)()f'TRUSTlrUblk1'ru.l...l..u......ln~:.sB..ClBU..'.""'. I~~
<br />I~-' :
<br />Bradfnrd Publi.hing, 1743 Waree SI., Denve~ CO g0202- (303)292.2500_ 3.89
<br />
<br />STATE OF COLORAIJO
<br />County of Delta
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<br />I"
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<br />The f~regoing instrument was acknowledged before me this I 3 7::t/.
<br />~ Norbert H. Jackson as President and William J.
<br />
<br />day of ~ '
<br />Mugford as Secretary.
<br />
<br />1990
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<br />""~'i" '~'Wilhess my hand and official sea].
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<br />.J .C'._
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<br />"(, Add..."f/
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