C153604 Contract

• Contract/PO #: C153604
• Contractor Name: Julesburg Irrigation District
• Contract Type: Loan
• Water District: 64
• County: Logan
• Bill Number: SB 86-27
• Loan Projects - Doc Type: Contract Documents

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186946 03/12/2001 09:00R 8232 P216 K"ollendor
3 of 3 R 15.00 D 0,00 Sedgwick County

Property and without regard to the value thereof, and such Receiver may be appointed by any court of
competent jurisdiction upon ex parte application and without notice - notice being hereby expressly waived
- and all rents, issues and profits, income and revenue therefrom shall be applied by such Receiver to the
payment of the indebtedness hereby secured, according to the law and the orders and directions of the
court.

And, that in case of default in any of said payments of principal or interest, according to the tenor
and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants or
agreements contained herein and in the Contract, by the GRANTOR, its successors or assigns, then and in
that case the whole of said principal sum hereby secured, and the interest thereon to 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 the manner and with the same effect as if said indebtedness had matured, and that if foreclosure be
made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the supervision of
said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part 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 of the cost of such foreclosure proceedings.

It is further understood and agreed, that if a release or a partial release of this Deed of Trust is
required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and
agreements contained herein and in the Contract shall extend to and be binding upon the successors or
assigns of the respective parties hereto; and that the singular number shall include the plural, the plural the
singular, and the use of any gender shall be applicable to all genders.

Executed the day and date first written above.

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State of Colorado

Julesburg Irrigation District

BY~~
./ Ge e Dracon, President

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The foregoing instrument was acknowledged before me this )S~t day of mo.j)c-~ 2001,
by George Dracon and Pamela Collins, as President and Corporate Secretary, respectively, of the
Julesburg Irrigation District. Witness my hand and official seal.

Notary Public'-KI7A/lTO 0 c:o (/f)M2f2f?~jT/

My commission expires I d -0 { ,- 0 d