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<br />F\CPTtJ
<br />Recordedal_ I If\Jl.Jn
<br />ReceplionNo. _ -
<br />
<br />732,'!,05 U9/1_9/97 O]J,7PN
<br />Dnu:::y LJWLHTA CN-ry co DT
<br />
<br />lr'b
<br />
<br />_Recorder.
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST, Dated September 1997, between
<br />
<br />THE TOWN OF IGNACIO, COLORADO, A Colorado .Statutory Town
<br />thegrantorherein,whoseaddressi.~ P.O. Box 459, Ignacio, CO 81137
<br />of the
<br />*Countyof la P 1 a ta and Stale of Colorado, [lnd
<br />the PUBLIC TRUSTEE of the CounlY or City and County in which the propertydescri1?ed
<br />below is situaled, in the State of Colorado,
<br />Witness:
<br />The grantor, 10 secure a promissory note or notes, hereinafter referred to in the singular. dated Dc tober 23, 1992
<br />for the total principal sum of one hundred ei ghty thousand and no/100 _ dollars.
<br />payable to the order of The STATE.OF COLORADO. Department of Natural Resources
<br />thebene~ciaryherein,whoscaddressis 131~ Sherman Street, Denver, CO 80203
<br />
<br />with interest thereon from the dale thereof at the rate of five (5)
<br />in annual installments in accordance with the
<br />
<br />,after the date thereof,
<br />percent per annum, principal and interest payable
<br />terms of the said Promissory Note
<br />
<br />docs hereby grant and convey unto ~aiJ Puhlk lrllStec the following deserihed property. ~itllatc in the
<br />of la Plata ,Sli1te of ColowJo, to wit:
<br />
<br />County
<br />
<br />The outside irrigation system for the Town of Ignacio in accordance with the map
<br />attached hereto as Attachment A. which map was prepared in 1992 by the Durango
<br />Office of the Soil Conservation Service and which indicated the location and
<br />size of the irrigation pipelines.
<br />
<br />PLEASE REFI!R ro:
<br />rOlfN OF IGNACIO
<br />RAW WArER IRRIGArION SYSrEM
<br />MAP RECEPrION '733583
<br />LA PLArA Cowry, co .
<br />
<br />uL" ],," .. L~ .1.,,1 ... J . .u,. "
<br />
<br />TO IIA\.t: ANI) TO IIOI.D Ihe <.me lLl~elhe' willi all. arpurlen.n"e<. in lru<l ne\"Cnh<:_ie". lh., in ea<c "f ddaull in the pa)'m~nl of ,"id nole or any pari ~hereof 0' imereSI
<br />Ihereon, u,m Ihe re,formanee 01 an)' ",'en.n" hereinalle, '<Cllollh. lhen upon Ihe heneh"alY (nule h"lder, fihn~ o"I"'C of elecllnn and dc~and for ,"Ie, 'aid Public Tru~lee.
<br />allel .d"rlI'ln~ noll<'e_ t,f ,-,id ,"Ie "cekly. for n"lle" Ihnn h'ur "cd." In <<.\me ne'" 'p.pc,nf geoe,.1 elleulal!On io so;,1 eOllnl)'; ,hall ,ell ,aid pmpcrl)' In Ihe maone, plU'>'ld~d
<br />by law io erf"cl Ollhe 1In,e ,'f filln~ said oolice amI demand. al ruhlo,' mKlion for ,,",Ii.., .n1 rmpc' place d"<Igoal"d 01 lhc "olICe of sole OUI ofllie proceed, of ,.,d s.le so,d
<br />Tru"ee shall relain '" PO} fir<l.11 fee<. ehalges "nd ,,,,t, and all mooc)'s .llvanecd l"II"",e,, ,"'Ufancc and ."c"menl<. ornn ~n)' pnotCneumh'ane~. ,,"h Inlere,llhereon, and
<br />pa}:lhe p,ineiraland inleresldu.on<.idnote. ",odedr1g Ihc,"'el.rlu,(,fan~)Uotolhe gr'olor: and aflerlhee'r'lall"",,flhel>rneofredempllon. s.,d Tru"ee ,hall e,eCUle and
<br />deh""rh' Iloc pureho'er. deed I"lhe properly <old. 1 he heneh".,)' maYi'"ILha,e ,..'d properl)' "'~n)' p,1t1lhc",,,fal ,ueh sole
<br />The granlor el\\-'eo'"I' lhal 'llhe I;me "f deli,cr)' ollhe<o p"'~cnl', hc" 'e"ed 01 '"ld properly In fee ""'pie. .nd Ihal sa,d properly i, flee "f encumbr:mce,. Ucerl
<br />None
<br />
<br />Should lhe bcncfH:i.ry hncunder he made. 1"11; In any 'H:li"n"lfct"lin~ llil' deed nf lTII,1 0' Ihc lille '" ..id p"'pctl~. Ih. ~ronlnr '~ree, Ih,l alll'o~fI e":,<lS ~nd a n:a-sonable
<br />all","c'V\ I"" p,;dhy Ihe helleflCla,y :hall hecome alldlll(}l\.lln,lehl..dr1~" due hereunder: and lhc gr,mlo' doc, her~hy ",lea'c and ""I\'e all d.no> m SOld prope'ly as a
<br />h"me,ie~d",..npl'''nor''lhc.",empll(\nOl\WorheR';ofte,pnl\'idcdbyI....
<br />lllsagreedlhal inca'eofdef.ulllllp.ymenluf<aLdpnncipalmlnle'C"",ahreachofaoyoflheCl\\'eo.nl~ he"'in.lhe~:'idprincipal <Um hen:hy secured and inlere"llhereon
<br />lOa} .II lhe 01'11011 of Ihe heneficiary hee,,",e due ,md pal able al once. .jn;lhmg;1I 'aid nole 10 lhe cnotra,y ",,"'!lh,wnJmg and I"'''c'_'','n of ,aid pmpc~ll ";lIlhereupon be
<br />dd;<'C"'d!l1lhebene~ci.,y, and 011 fa;I\"ctodch\'Cr,u,h I'<'"e,,,,,nlhc bellcfi<;iary'hall beeomled In a tece,,-e, lo,sa,dp"'p"tI)'. "homay be'I'I"Hnled byaoyCOU'lo(
<br />""mpelemjut\idieli"n, , _ .
<br />\~'hene'cr u'ed hCICm Ihe ';l1gular oumber ,hall m,'lude Ihe rlural. the plurJJ Ihe ,mgul,u. and Ihe use nf ,ny_gcnller ,hall he applicahle 10 all gcnde,,_ All oflhe """en.nl,
<br />herein ,hall he hmdmg 111""1 Ihe re'pe<:I;'" he",. p,,,',,n.1 n:p.e",ol'IlWS. 'uccc"o" and a's'gn, "flhe rarllc'hcreJu
<br />f:,,'<:uledthedavalld"'",~r<laho'c'Hiltcn
<br />THE W1"NOF 'IGNACIO, 31LaRADO:
<br />~JiL1/MkU). ,fa.)
<br />Gerardo W. Silva, Mayor
<br />
<br />~::EST:.L-, A a/ _25
<br />~e B. Quintana. Town Manager
<br />
<br />STATE OF COLORAUO
<br />County of la Plata
<br />
<br />l"
<br />
<br />The foregoing instrument was acknowledged before me this
<br />by The Town of Ignacio, Colorado by: Gerardo
<br />Jose B. Quintana. Town Manager.
<br />
<br />day of
<br />W. Si lva,
<br />
<br />September . 1997
<br />Mayor. A~teste~..~.y:
<br />
<br />J\lycOl11ll1ission expires
<br />
<br />. Witness my hand and official seal.
<br />
<br />" '
<br />
<br />: My Commission Expires 1 - 9 - 2001
<br />Ii
<br />,I
<br />:1
<br />1l1f_'~D::'~ ''':'.C''~""d_~c~,~=-__u
<br />
<br />~()-~'.,
<br />N""It'I'u~I.<; ~
<br />I/O~~!dtu'~b~
<br />
<br />Hr.1dfNd Puhll'hln_o. 1741 """0 <;1 . Den'.cr. rnR'l:"~ _, 1>"\ ~o~ ~<nn _, '"
<br />
<br />~
<br />TOWN OF IGNACIO
<br />
<br />No. 92.'8. Re,.. 6-85. IJEEI) OF TRUST (Pubtlr -I;-u<l..) ..ilhoul U"""" S." Cl.""
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