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<br />purchased, which said deed shall be in the ordinary form of a conveyance, and shall be signed,
<br />acknowledged and delivered by the said PUBLIC TRUSTEE and shall convey and quitclaim to such person
<br />entitled to such deed, the Property purchased as aforesaid and all the right, title, interest, benefit and equity
<br />of redemption of the GRANTOR, its successors and assigns made therein, and shall recite the sum for which
<br />the said Property was sold and shall refer to the power of sale therein contained, and to the sale made by
<br />virtue thereof; and in case of an assignment of such certificate of purchase, or in case of the redemption of
<br />the Property, by a subsequent encumbrancer, such assignment or redemption shall also be referred to in
<br />such deed; but the notice of sale need not be set out in such deed and the PUBLIC TRUSTEE shall, out of the
<br />proceeds or avails of such sale, after first paying and retaining all fees, charges and costs of making said
<br />sale, pay to the beneficiary hereunder the principal and interest due on said note according to the tenor
<br />and effect thereof, and all moneys advanced by such beneficiary or legal holder of said note for insurance,
<br />taxes and assessments, with interest thereon at ten per cent per annum, rendering the surplus, if any, unto
<br />the GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a perpetuai
<br />bar, both in law and equity, against the GRANTOR, its successors and assigns, and all other persons
<br />claiming the Property, or any part thereof, by, from, through or under the GRANTOR, or any of them. The
<br />holder of said note may purchase Property or any part thereof; and it shall not be obligatory upon the
<br />purchaser at any such saie to see to the application of the purchase money.
<br />
<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with the
<br />PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents, it is well seized of the
<br />Property in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey
<br />the same in the manner and form as aforesaid; hereby fully and absolutely waiving and releasing' all rights
<br />and claims it may have in or to said Property as a Homestead Exemption, or other exemption, under and
<br />by virtue of any act of the General Assembly of the State of Colorado, or as any exemption under and by
<br />virtue of any act of the United States Congress, now existing or which may hereafter be passed in relation
<br />thereto and that the same is free and clear of all liens and encumbrances whatever, and the above
<br />bargained Property in the quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and
<br />assigns, against all and every person or persons lawfully claiming or to claim the whole or any part thereof,
<br />the GRANTOR shall and will Warrant and Forever Defend.
<br />
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments
<br />levied on the Property; any and all amounts due on account of principal and interest or other sUrnson any
<br />senior encumbrances, if any; and will keep the Property insured in accordance with the requirements of th,
<br />Contract. Should the GRANTOR fail to insure the Property in accordance with the Contract or to pay taxes
<br />or assessments as the same fall due, or to pay any amounts payable upon senior encumbrances, if any,
<br />the beneficiary may make any such payments or procure any such insurance, and all monies so paid with
<br />interest thereon at the rate of ten percent (10%) per annum shall be added to and become a part of the
<br />indebtedness secured by this Deed of Trust and may be paid out of the proceeds of the sale of the
<br />Property if not paid by the GRANTOR. In addition, and at its option, the beneficiary may declare the
<br />indebtedness secured hereby and this Deed of Trust to be in default for failure to procure insurance or
<br />make any further payments required by this paragraph. In the event of the sale or transfer of the Property,
<br />the beneficiary, at its option, may declare the entire balance of the note immediately due and payable.
<br />
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once become
<br />entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents, Issues and profits
<br />thereof, from the accruing of such right and during the pendency of foreclosure proceedings and the period
<br />of redemption, if any there be, and such possession shall at once be delivered to the PUBLIC TRUSTEE, the
<br />State as holder of the note, or the holder of said certificate of purchase on request, and on refusal, the
<br />delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the note, or the
<br />holder of said certificate of purchase by an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or
<br />the holder of said note or certificate of purchase, or any thereof, shall be entitled to a Receiver for said
<br />Property, and of the rents, issues and profits' thereof, after such default, including the time covered by
<br />foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto as a
<br />matter of right without regard to the solvency or insolvency ot the GRANTOR or of the then owner of said
<br />
<br />11111111111I111111111111 11111111 111111111I1111111111111
<br />186946 03/12/2001 09:00A 8232 P215 KMollendor
<br />2 of 3 R 15.00 0 0.00 Sedgwick County
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