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<br />Recorded at
<br />Reception No.
<br />
<br />1 :30
<br />56~125
<br />
<br />A,. Apri I 13. 1990
<br />Ruth E. Heath
<br />
<br />807PiGE200
<br />
<br />o'c1ock_
<br />
<br />500~
<br />
<br />Recorder.
<br />
<br />DEED OF TRUST
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<br />TIllS DEED OF TRUST, Dated , ..' ~'\ ,between
<br />. \, '. . .-..
<br />FRUITLAND IRRIGATION COMPANY. A CO):.6\Wl~~'G.k~o~~~AN
<br />. /". . .. '--'.
<br />the grantor herein, whose address is Route 1 ~ Box<34:':'.'5~:a"'!fofd.""ro 81415
<br />""."," . of the
<br />"'Countyof Delta 'a[iifSta'te'ofColorado, and
<br />the PUBLIC TRU~TEE of the County or City and County in which the properly described
<br />below is situated, in the State 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 total principal S1J1Jl9\' ONE(HUNDRED SIXTY EIGill' 1HOUSAND FIVE HUNDRED FORTI-NINE AND dollars,
<br />401 00 $168.549.45)
<br />payable to the order of STATE OF C;OLORADO FOR THE USE AND BENEFIT OF THE DEPARTMENT OF NATU
<br />the beneficiary herein, 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
<br />
<br />with interest thereon from the dale thereof at the rate of
<br />in annual installments of $9,822.75
<br />in 20_
<br />
<br />5%
<br />each, for
<br />
<br />does hereby grant and convey unto said Public Trustee the following described property, situate in the
<br />of 11/1 IT t: I:' t!J$ e , State of Colorado, 10 wit:
<br />
<br />County
<br />
<br />Anf:u~~vided fifty percent (50%) of the Onion Valley Dam
<br />(G6ul~ Reservoir), including the Lfql1r~~ay, inlet and outlet
<br />works with all appurtenances, turnout structures and underlying land.
<br />
<br />also known by street and number as
<br />
<br />TO nAVE AND TO nOLD tht same logtther Wilh all appurltnanccs, in truSl neverlheltss, thaI in cast of default in lhe paymtnl of said nOle or any parI thereof Or intereSl
<br />Ihereon, orin the perfonnanceofanyoovenantshereinafterselforth,then upon the ben eficiary(nolehoJder)filin~noliceofeleelionanddemandforsale,saidPublicTruslee.
<br />afteradvcrtisingnotictofsaidsaleweekly,fornotlesslhanfourwo:eks, in50menewspaperofg~neralcirculalionlllsaidcounly~shaUsel1saidproperlyinthemannerpr'UYided
<br />by Jaw in effecl al the lime of filing said norict and demand, at public auction for cash, al any proper place designaled in lhe nOllce of sale. Out oflhe proceeds of said sale $Rid
<br />TtuSleeshal\ retain orpayfirst all fees, charges and costs and all moneys "d~ed forlaxes, insurance and assessmenlS, OrOn any pnorencumbrance, with mleresllhereon,"OO
<br />pay the principal and intereSl due on said note, rendering the overplus (if any) unlO lhe granlor; and after the e~piralion of lhe lime of redempllon, said Trustee shall execule and
<br />delivcrto the pun:haser a deed 10 the property sold. The beneficIary may purchase said {ll:OPCrty or any part lhereofal such sale.
<br />The grantor covenants lh.at at the time of deli\ICIY of lhese presents, he IS sej~ed of saId property in fu simple, and that said property is free of encumbrances, excepl
<br />except all rights-ai-way, reservations, restrictions, easements, covenants and
<br />conditions, visible and of record, and except 1990 taxes payable in 1991.
<br />The grantor also covenants thaI he wHl keep all buildings insured wilh acompany ap~d by the beneficiary for fire and e~lended C<lverage in an amOUnl equal (0 lbe unpaid
<br />b.alance of said nOle with loss payable 10 the beneficiary, wjJ] deliver a copy of lhe policy 10 lhe beneficiary and will pay all taxes and assessments against said property and
<br />amounls due on prior encumbrances. If granlor shall fRillo pay insurance premiums, li!\CS or amounlS due on prior encumbrance, lhc beneficial1Tay pay lbe same and all
<br />amounls shall become addilional iooeblednen due hereunder; and in caso.of foreclosure, he will pay an aUomey's fee of a reasonao e amount.
<br />
<br />Should the benefieiary hereunder be made a parly to any aclion affecling I his deed of lruSl or the lille ttJ said pmperty,thegranloragn::esthalallcou rtcoSlSandareasonable
<br />anomcy's fee paid by the beneficiary shall berome .ddillOnal indebledness due hereunder; ""d the gnnlor docs hereby releiI5C ""d WoIivc all claims in said property lIS a
<br />homestead e~emption or other exemplion now or hereaFter provided by law.
<br />m~~t~~~~t~~~l ~f~h:~~~fi~ai~;=:~u~~~~ :a~b\~a~t~~~~~~~~%i~:i~~idr:;~~~~~ ~:I~:~;Sn~:I~hs;~~~i~~da~~~~~:si: ~h~rdS~~~~~~iW;j,~~~~~~
<br />delivcredto the beneficiary, and on failure lO delivcrsuch po5session the beneficiary shall be enlllJed loa recoiver for said pmperty, who may be appoinled by any court of
<br />rompcICnljur.;idiclion,
<br />Whenever used herein the singularnurnbershall incJude lhe plural, the plural l he singular, and the use or any gendershall he applicable 10 aIJ genden. All of thecovenanlS
<br />herein shall be binding upon the respcclive hc:ir.;, pcl1<onal reprcsenlaliVCS,5Ucces sorsandassignsoflhepal'liesherr:lo.
<br />Ellecutcd lheday and year Ill'5t abovi wrillen. FRUITLAND IRRIGATION COMPANY
<br />
<br />
<br />8y:
<br />Norbert
<br />B .
<br />William J. Mu
<br />
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