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<br />HCPTN # 96041324 06/'
<br />M RODENB8HG8H H8COHU8H.
<br />
<br />~96 :l6:30:00
<br />..AHIM8H COUNTY
<br />
<br />#
<br />CO
<br />
<br />PAGJo.:S _ 2 ~11!:,.-,:
<br />STATE "_~ "FoE -
<br />
<br />$11,00
<br />$,00
<br />
<br />DEED OF TRUST
<br />
<br />TillS INDENTURE, M~dc this
<br />
<br />5th
<br />
<br />d~} uf
<br />
<br />August ,1')91
<br />
<br />,bd",cCIl
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<br />THE WINDSOR RESERVOIR & CANAL COMPANY, a Colorado non-
<br />profit corporation,
<br />whoscaddrcSSIS P. O. Box 206, Eaton, CO 80615
<br />
<br />hereinaflcr referred 10 as graruor, andlhc Public TruSICC of lhc *Counlyof
<br />Larimer Slale IIfColora<lu, hereinafter referred to as Public Trustee.
<br />WITNESSETH, THAT, WIIEREAS. THE WINDSOR RESERVOIR Co CANAL
<br />COMPANY Project Contract and
<br />has nCCUleu atromissory nole or nOles, hcrcillafler referred to in the singular. daled August S. 1991 ,forthe
<br />principal sumof Seven Hundred Sixty One Thousand & No/lOa ($761,000 .OO,)lars, payable hJ the order of
<br />B ThS State of Colorado for the use and benefit of the Colorado Water Conservation
<br />~I~~e aoJd(e~~ is 721 State Centennial Building. 1313 Sherman Street, Denver, CO 80203
<br />alier lhe <.laIC hcreul~ with iJHen:~1 Ihereull fruHl lhe oalc Ihereof
<br />
<br /><;t
<br />
<br />~llhc rule uf 5%
<br />Fifty-thre9
<br />
<br />pcn:enl j''1:rannom. payable over 25 years in equal annual installments
<br />Thousand Nine Hundred Ninety-four & 82/100 ($53.994.82) Dollars
<br />
<br />of
<br />
<br />AND WIIEREA~, The ~ranlur i~ de~irl)us ufsecurin~ paYlllCnl \lflhc principal and inlcfe~l ur said jlJ1,lll\i~~{)fY !lllle in ",hllse homh MlCl'cr the said
<br />rlHtc urany ofthclIl may be
<br />NOW. TI-IEREH)RE. The gramor, in Clln~illcration uf the prclHi~e~ au<.l fur the purp"~e aforesaiu. oJ()e~ lwn:by granl.
<br />umll the saioJ Public Trustee in truSl furever. till.' fullU\\'in~ ucsnibcu pruperty. ~iluale in the
<br />Larimer . Slale of Culura<.lo, 10 wit: The Douglas Dam structure and all
<br />appurtenant structures t~ereto which reservoir is located in Sections 26, 35
<br />and 36, T9N. R69W and in Section 2. T8N. R69W. with the dam structure located
<br />on the weut portion of tbe reservoir on Dry Creek.
<br />
<br />bar~aill. .ell and COIl\ey
<br />Cuumyof
<br />
<br />alsokllown by S1reel and number as N/A
<br />
<br />......,/
<br />
<br />TO IIAVEANU TO nOLO lhe same, IOgclher with all anoJ singular the pri\'lleges aruJ appurlenances thef\:unlo belullgmg: III Tru~l nevertheless,lhal
<br />incaseofoJcfaullinthepaymenlofsaiullOleoral1yoflhelll.orauyparllhereof,urinlhep;lymenloflheinlereSIthef\:un,ac'coruingto lhelenoran<.leJfeclof
<br />saki nole or anyofthem, or in the paymem of ant prior encumbrances, principal or intcrc,I, If any. <If in case default ~hall be made in ur III case of viola lion
<br />or brcadlufanyoflhelenm,culldilluns,convl!nantsoragrcclllelllshereinconlainc<.l.lhebeneliciaryhercunuerorlhelegalholucroflheiIluebledncss
<br />securcdhef\:bymayoJcclarcaviolaliollufanyoflhecuvcnalltshercincunlaineuallUclel:t toadvcrtbesaioJ properly forsaleanducmanu~uch sale, lhen,
<br />uponliling nolice of such e!ection anoJ demanu ftlf sale with the Public Truste.e. whu ~hall upon rt'c'eipt of such nOlice of eleCliun anu <.lemand for sale cause
<br />a copy uflhe same lobe rc.:oruc<.l in Ihe recorucr'sufficeoflhecounlY ill whIch saiu realestale issituale<.l. il shall anu maybe 11Iwful fur the I' ublicTruslee
<br />10 sell and dispose oflhe same (en masse Of ill sep;irale p<lITels, as Ihe ,ai.1 Public Trustee may lhink best). and 1I1lthe righI, litle and interest oflhe grantor,
<br />his heir, or assigns Iht;rein, al public auclion alllle east fronl uoor of Ihe Counlluuse, in the County of Larimer
<br />,SlaleofCulorado.oronsaiclpn:mi,es, or any pari lhereofas may bcspeciliedinlhenuticeofsaiusale,foflhehigheslandbc,lpricelhe
<br />same will bring in cash, four weeks public nOlice having bo..'Cu previously given oflhe lime and place of such ,ale. by auvenhemcnl, weekly, ill some
<br />newspaper of general circulation al lhat lime putllisheoJ in said Counly of Larimer ,a copy of which notice shall be mailed
<br />within len days fromlhe daleoflhe fitsl public~lion lhcreufhlthe grantoral the aUUf\:SS herein given and lOsuch persullof pcrsuns app. 'ring (nhave
<br />acquircuasubsequemn:cordimercslinsaidrealestaleallheatlurcssgIvenilllhcrecorJedmslrumenl;wherconlythccoulItyanusta' bivena~the
<br />address lhen such notice shall be mailed lotheCc1untY!oCal. and 10 ma keandgivelothep1lrch~erUfpurcha.ser.,ofsuchproperlyal~UC. .,acenifieale
<br />or certificates in writing describing sudl properl)' purchaseu. and lhe sum ur sums llaioJ therer.lf. an<.l the tirne when the purchaser ur I'~. ,lasers (or other
<br />person enlitled lherelo) shall be entilled loa <.lced ordeeus Iherdor, unless Ihe S311le shall be redeemed as is pruvideJ by law; and said Public TruSlee shat!,
<br />upon demand by the persoll or persons holcling llle said cel1ilicale or cerlificales of purchase. when said demand is made, or upon demand by Ihe person
<br />entiIJed 10 a dee<.llo and for Ihe property purchased, mthe lime such uemand is made, the lime for redemption having ellpired, make and CJ;ecute 10 such
<br />pcrsou or persollS a <.leeoJ or ueeds 10 the said pl\lperty purchascd, which said deed urdee<.ls shat! be in Ihe onlinary form ofa conveyance, and shatl be
<br />signeu, acknowleuged and dclivereu by lhe said Public Trustee and shaJl conveyalluquilctaimlosuchper~onorl'CrSOIlSelllilledtosuchdeed,the said
<br />properly pUIThased as aforesaid and 1111 therighl,lilie. iUleresl,benel ilanJeqUi.YOfredemPlio~fthegranlOr,hl'hcirSanoJa.sSignstherein,alldshall
<br />recite Ihe sum or sums for which Ihe saiu properlY was sold and shall refer 10 Ihe power of sale th . cOnlaine<.l, and to lhe sale or sales maue by virtue
<br />lhercof; and in case of an assignmenlofsuchcertificateorccrlificalesofpurchase,orincaseof he reuemption of such properly, by a subsequent
<br />encumbrancer, such assignment or reoJemplion shall also be, referreu to in such oJeedorueeu~; btlllhc notice .,fsale need lUll be set uul in such deed tJf
<br />deeusan<.llhePuhlicTf\lSlCeshall,outuflheprocecoJ~ura\-dllsofsuch salc,aflerfirst paying anu retaining all fees,charge~andcos\sofmakingsaidsale,
<br />paYlolhebeneficiaryhereunderorlhelegalhol<.lcrofsaidnutelhcpril.\cipal anu inlercSluue on said lloteaccordlng 10 the tenor ancl cf feCllhereof,andaJl
<br />moneys advanced by such beneficiary or legal holuerofsaidnote fur in surance, taxes alloJ assessmelllS, with inleresl thcreonal 5 percenlper
<br />annum. ren<.lering the overplus, ifany, ufllOthegranlOr. his legal represcnlalives or assigns; which sale or sales anu saiddec<.lortlceds so made shall be a
<br />perpelual bar, bOlh in lawanu equily. against Ihegranlor. his heirsantlas~igns,and atJ otherpersolls claiming the said properly, or any part thereof, by,
<br />from,lhrough orun<.ler Ihe granlor, or any Oflhel1l. TlleholoJerorhol <.lersufsaiu nole or notes moy purchase saiclpropeny or any partlhereo f; and il shall
<br />nol be obligatory upon lhe p1lrchaseror purehasers al any such sale to see to the applicationuflhe pUlchase llloney.lfarclea.sede<:d be f\:quited, il is
<br />agree<.llhallhegranlor, his llcirs or assigns. will pay lhecxpense lhereof.
<br />
<br />.lfinDenver, in~erl"Cilyand.
<br />
<br />No. J4IA, Rev. 2-84. DEED OfTRUSTIPubllo li-w.lu) Witb OueM Sole CIa...,.
<br />Dradr...d Publisllinl. S82S W. 6th A.., . Ul........,d. CO 80214 _ (:lOl) 2]].6900
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