|
<br />.; '"
<br />
<br />1111111111111111111111111111111111111111111111111111111
<br />813065 11/04/2003 03:37P 81162 P312 F. JOHNSON
<br />1 of 2 R 11.00 D 0.00 "organ County, CO
<br />
<br />DATE:
<br />GRANTOR:
<br />BENEFICIARY;
<br />
<br />COUNTY:
<br />PRINCIPAL LOAN AMOUNT:
<br />LOAN CONTRACT:
<br />TERMS:
<br />COLLATERAL:
<br />
<br />Deed of Trust
<br />
<br />September 1, 2003
<br />VICTOR J. QUINT AND MARGIE J. QUINT
<br />COLORADO WATER CONSERVATION BOARD
<br />MORGAN COUNTY
<br />
<br />$86,355
<br />
<br />Loan Contract No. C150147, dated September 1, 2003
<br />
<br />Interest of 2.5% per annum and repayment period of 30 years
<br />
<br />An undivided one hundred percent (100%) interest in five (5) acres
<br />of land with improvements including a house, shop, sheds and other
<br />farm improvements located in the SW/4 Section 31, Township 5
<br />North, Range 54 West of the 6th P.M., Morgan County, Colorado.
<br />
<br />This indenture is between the GRANTOR, and the Public Trustee of the above referenced
<br />COUNTY, State of Coiorado ("PUBLIC TRUSTEE"),
<br />Factual Recitals
<br />1. The GRANTOR has executed a Promissory Note of even date and amount, set forth in the LOAN
<br />CONTRACT, for a loan in the PRINCIPAL LOAN AMOUNT to be repaid to the BENEFICIARY, with
<br />REPAYMENT TERMS as shown above and in accordance with the Promissory Note or until loan is
<br />paid in full.
<br />2. The GRANTOR is desirous of securing payment of the PRINCIPAL LOAN AMOUNT and interest of said
<br />Promissory Note to the BENEFICIARY.
<br />The GRANTOR, in consideration of the premises and for the purpose aforesaid, does hereby
<br />grant, bargain, sell and convey unto the said PUBLIC TRUSTEE in trust forever, the above described
<br />COLLATERAL.
<br />To have and to hold the same, together with all appurtenances, in trust nevertheless, that in
<br />case of default in the payment of said Promissory Note, or any part thereof, or the interest thereon, or
<br />in the performance of any covenants hereinafter set forth or in said Promissory Note or LOAN
<br />CONTRACT, then upon the BENEFICIARY filing notice of election and demand for sale, said PUBLIC
<br />TRUSTEE, after advertising notice of said sale weekly for not less than four weeks in some newspaper
<br />of general circulation in said COUNTY, shall sell said COLLATERAL in the manner provided by law in
<br />effect at the time of filing said notice and demand, at public auction for cash, at any proper place
<br />designated in the notice of sale. Out of the proceeds of said sale, the PUBLIC TRUSTEE shall retain or
<br />pay first all fees, charges and costs and all moneys advanced for taxes, insurance and assessments,
<br />or on any prior encumbrance, with interest thereon and pay the principal and interest due on said
<br />Promissory Note, rendering the overplus, if any, unto the GRANTOR; and after the expiration of the
<br />time of redemption, the PUBLIC TRUSTEE shall execute and deliver to the purChaser a deed to the
<br />COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL or any part thereof at such sale.
<br />The GRANTOR covenants that at the time of the delivery of these presents, it is well seized of
<br />the COLLATERAL in fee simple, and has full power and lawful authority to grant, bargain, sell and
<br />convey the same in the manner and form as aforesaid. The GRANTOR fully waives and reieases all
<br />
<br />Appendix 3 to Loan Contract C150147
<br />
|