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<br />Until payment i.n full of ~h~ indeb.ess, the GRANTOR shall timely ~ay all taxes and.essmen~~.leVie~ on the property; .~n~ a~d
<br />all amounts due on account of princIpal and Interest or other sums On any senior encumbrances. if any: and will keep all improvements that:
<br />may be on" said lands insured against any casualty loss, including extended coverage, in a company or companies meeting the net worth
<br />requirements of the beneficiary hereof in an amount not less than the then total indebtedness. Each policy shall contain a loss payable claUSE!
<br />"' naming the beneficiary as mortgagee and shall further provide that the insurance may not be canceled upon less than ten days written noticE!
<br />C> to the beneficiary. At the option of the beneficiary, the original policy or policies of insurance shall be delivered to the beneficiary as furthe:
<br />~-) e. security for the indebtedness. Should the GR~NTOR fail to insure. and deliver the 'p?lides or"to pay taxes or assessments as the same fall
<br />~ r due, or to pay any amounts payable upon senior encumbrances, If any, the benefIcIary may make any such payments or procure any such
<br />o insurance, and all monies so paid with interest thereon at the rate of ten per cent per annum shall be added to an become a part of thu
<br />indebtedness secured by this deed of trust and may be paid out of the proceeds of the sale of the property if not paid by the GRANTOR. In
<br />addition, and at its option, the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in default for failuret
<br />to procure insurance or make any further payments required by this paragraph. B ~2 ~9 P
<br />OOK~ ~ AGE180
<br />
<br />AND THAT IN CASE OF ANY DEFAULT, whereby the right of foreclosure occurs hereunder, the PUBLIC TRUSTEE or the holder of
<br />said note or certificate of purchase, shall at once become entitled to the possession, use and enjoyment of the property aforesaid. and t()
<br />the rents, issues and profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and the period of
<br />redemption, if any there be: and such possession shall at once be delivered to the PUBLIC TRUSTEE or the holder of said note or certificatfl
<br />of purchase on request and on refusal, the delivery of such possession may be enforced by the PUBLIC TRUSTEE or the holder of said notl!
<br />or certificate of purchase. by an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of
<br />purchase, or any thereof, shall be entitled to a Receiver for said p"roperty, and of the rents, issues and profits thereof, after such default,
<br />including the time covered by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto as a matter
<br />of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said property and without regard to the VaIUI!
<br />thereof, and such Receiver may be appointed by any court of competent jurisdiction upon "ex parte application and without notice - notiCI!
<br />being hereby expressly waived ~ and all rents, issues and profits, income and revenue therefrom shall be applied by such Receiver to thl!
<br />payment of the indebtedness hereby secured, according to the taw and the orders and directions of the court.
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<br />AND, that in case of default in any of said payments or principal or interest, according to the tenor and effect of said promissory
<br />note aforesaid, or any of them, or any part thereof, or of a breach or Violation of any of the covenants or agreements herein, by the GRANTOR,
<br />its personal representatives or assigns, then and in that case the Whole of said principal sum hereby secured, and the interest thereon tl)
<br />the time of the sale, may at once, at the option of the legal holder thereof, become due and payable, and the said property be sold in th,~
<br />manner and with the same effect as if said indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney',:;
<br />fee in a reasonable amount for services in the supervision of said fOreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part
<br />of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be taxed by the court as a part
<br />of the cost of such foreclosure proceedings. ~ ft' "
<br />
<br />IT IS FURTHER UNDERSTOOD AND AGREED, that if a ref~ase~thisJRed of,~ust is required, the GRANTOR wiH pay the expense
<br />thereof; that all the covenants and agreements herein contained shall";~en~ and PJ( binding upon the heirs, personal representative5,
<br />successors and assigns of the respective parties hereto; and that the 'syjgularce,umber.;hall include the plural, the plural the singular, and
<br />the use of any gender shaU be appHcabfe to aU genders. i';.) ;:I
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<br />The fore'g'olng.lfT's' ment was acknowledged before me this ~ day of
<br />R. Il/ f)>> IfII/J vr
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<br />M/;;#~~ires
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<br />N(ll/UJ/lh..JJr ,1994. by i1r-.:J.hUJr'"
<br />.
<br />Witness my hand and seal. ~ r!~A~UJ/hMIiA-_____._._._-
<br />NQ arV ublic ResicJ;'if otf ~ ~11Mf
<br />
<br />No.
<br />
<br />DEED OF TRUST FROM
<br />
<br />TO THE PUBLIC TRUSTEE
<br />
<br />State of Colorado
<br />
<br />For The Use Of
<br />
<br />} SS
<br />
<br />County of
<br />
<br />I hereby certify that this in.strument was filed for record in my office at
<br />19_, and is duly recorded in book , page Film No._
<br />
<br />o'clock .M.,
<br />Heceptlon No. --=-.
<br />
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<br />
<br />l;lerK and Hecorder
<br />
<br />ueputy
<br />
<br />Fees, $
<br />
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