PROJ00133

• Contract/PO #: C153633
• Contractor Name: Greeley, City of
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: HB 91-1006
• Loan Projects - Doc Type: Contract Documents

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Recorder of Larimer County Colorado,

TO HAVE AND TO HOLD the same together with all appurtenances, in trust nevertheless,
that in case of default in the payment of said note or any part thereof or interest
thereon, or in the performance of any covenants hereinafter set forth, then upon the
beneficiary (note holder) filing notice of election and demand for sale, said Public
Trustee, after advertising notice of said sale weekly, for not less than four weeks,
in some newspaper of general circulation in said county, shall sell said property in
the manner provided by law in effect at the time of filing said notice and demand, at
public auction for cash, at any proper place designated in the notice of sale. Out of
the proceeds of said sale said Trustee shall retain or pay first all fees, charges and
costs and all moneys advanced for taxes, insurance and assessments, or on any prior
encumbrance, with interest thereon, and pay the principal and interest due on said
note, rendering the overplus (if any) unto the grantor; and after the expiration of
the time of redemption, said Trustee shall execute and deliver to the purchaser a deed
to the property sold, The beneficiary may purchase said property or any part thereof
at such sale.

The grantor covenants that at the time of delivery of these presents, he is
seized of said property in fee simple, and that said property is free of encumbrances,
Should the beneficiary hereunder be made a party to any action affecting this deed of
trust or the title to said property, the grantor agrees that all court costs and a
reasonable attorney's fee paid by the beneficiary shall become additional indebtedness
due hereunder.

It is agreed that in case of default in payment of said principal or interest or
a breach of any of the covenants herein, then said principal sum hereby secured and
interest thereon may be at the option of the beneficiary become due and payable at
once, anything in said note to the contrary notwithstanding and possession of said
property will thereupon be delivered to the beneficiary.

Whenever used herein the singular number shall include the plural, the plural the
singular, and the use of any gender shall be applicable to all genders. All of the
covenants herein shall be binding upon the respective heirs, personal representatives,
successors and assigns of the parties hereto.

Executed the day and year first above written.

THE CITY OF GREELEY, COLORADO

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ATTEST:

County of Weld

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SS.

STATE OF COLORADO

SUBSCRIBED AND SWORN TO before me this ;:.c~1 day of

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, 1992 by the