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<br />And ,he grantor, fnr him~rf 311<1 his heirs. pcr~llnar I'l.'prc~en'alivcs UT assigns (n"cnants and 3!;/'l.'eS to and with the Public.Trustee. lhat at the time of
<br />the enscaling of 311(1 delivery of,hc~ presents he is \\el1 sciled of the said land and tenement.s in fee simple, antI has g~ right, full ~r a~d lawful
<br />authority.o granl, baT!!ain. sell andl'on\'cy the .smne in the maImer and form as afofCsaid: hereby fully and absolutely waJvmgand rclca.slnj:! all nghlsand
<br />claim.. hc may h3\'C in nr In said land,. IcnClllcnts. 3ml pm]>crl)' a. a Hmne.tead Exemption, or nther exemption, tinder and by virlUc of any act of the
<br />General Assemhly "flhe SUlle of Colmado, "r as any exemption under amJ 1>)' VitlUc of any act of the United States Cllngrcss, now existing or whICh may
<br />hereafter he pa..ed ill rel<ltioll thcreln and rlmt thc ~alnc are frcc <lml c1e:lf nf al1licns <lnd encumbrance~ whalcver,ex.cept general property
<br />taxes for 1991 and years thereafter, and none others.
<br />
<br />and Ihe alxwe h;IT!!ained properly in the quiel and peaceable pos~es~ion of the Public Tmstee, his successors and a~sil!ns, a!!ainSI all and every person or
<br />persons lawfully claiming or to claim the whole or any I'arlthercof. Ihe grantor ~hall and will Warranl aJld Forever Defend,
<br />Unlil p<lytncnr in lull of rhe imlehtedness, IlK' !!r;lIllor ~hallt;rncll' pay all laws and assessment, levied on the property; any and all amounts due on
<br />acellUI1I\'fprincip<l1 and intCtCSlorutlicrSlllllsonanyscnil1rcnc umbrances. if any; and will kcep all impruvemenlsthat may be on said landsinSlItCd
<br />a!!ainSI any casualty loss, including ex.tended covcrage. in a Cflmpany or companies meeting the net wortl1 requirements of the beneficiary hereof in an
<br />amnunt nut Ie,s than the lhen 10lal indebtedness, Each policy shatl mntaina loss payable elausc naming the beneficiary as mo rtgageeand shall further
<br />I1lUviJe thnt the insurance l1wy nm hoc canccled Ulllll1lcss ItJanlCII day' wri1ten nOlice 111 the bcnctieiary, At IIIC option of the bclleficiury. ihe original puli~y
<br />or policics of insurance shall be tlcli\'ered to Ihc hcnefieiary a~ further securily for the indebtedness, Sh,llIld the grantor fail to insure and deliver the
<br />policies or 10 pay ta,es or assessments as Ihe Sll1ne fall due, ur tl1 pay any amounlS payable upon senioreneul11brances, if any, lhe benelidary may make any
<br />such pa}'IlICnts or proclIre "llY such in~ur:lI1ee, antl all munics ~o paid with intere~lthereon allhe rate of 5 % per annum shall be added 10 and
<br />be~"l1Ie;t parI oflhe indd'ledncss securcd by lhis Deed nfTrusl ml<t nHIY be p:lid "Ill ufthe proceeds oflhe sale of the properly if not paid by the grantor. In
<br />additiun, and at its "ption, the hel1efkiary nl;IY declare thc illdehtcdncss secured hereby and this Deed (If Trusl10 be in tlefault for failure to procure
<br />inMIT,lIlCellrl1lakeanyoflhep:lymenl.sreljuiretlhytltisparagraph,
<br />If all pr any parI of Ihe pr(lperty nr an inlerest therein is sold nr tran~rerred by ,1he ~rantor withoul bcnelkiarr's prior wriUen con,enl. ex.cluding (a) the
<br />l'H'atioll of a lien or encumbrance subortlinale to thi~ !ked uf'l nl~l, (bj lhe creation of a purchase money security interest for household appliances, (e) a
<br />trall~t'cr by devise, de~l'enl or by 11peralinn of law IIponlhe death of n j"int lenanl or (d) lhe granl of any leasehold inteTCst of three years or less rIOt
<br />contnining an I'Pl;on to purcha_,e, beneficiary may. at heneliciary's "ptinll. ueclarc all the soms s~ured by this [ked of Trust 10 be immediately due and
<br />p;!}'ahle, lIenclieial}' shall have wahedsuchl,ptillnloaccc!crale ir. pliorto thesaleorlransfcr,bcneliciaryantlthepcrsoll lowholll the property is lObe
<br />soldllrtWn.srcrrcdrcachagTCel11enlinwritingtlllltlhccrellilofsuchperSI'n issatisraelorYlobcnefreiaryand that the inlerest pa)'llb Ie on the sums seeured
<br />hythis Dced ufTrnsl shull be at suchrnre;" hcncficiaryshal1 rcquest.
<br />
<br />,\NU THAT IN CASt: OF AN\' f)EFAlJI:r, \Vherehy the ril!hl11f foreclosure occurs heTCunder, thlt Public Tru,~tce or the holder of said note or
<br />Cl'llilkale uf pllrdm~e, shnlt at once become emiliI'd t\1 the pm<e~.siuo, use nod enjo}'menl uflhe property aforesaid, and Co the reots, issues and profits
<br />tliete"f, fr\1!11lhe aC<.:rltin~ of such ri~ht and eluring Ihe pendency llf f<1reclo~lITC pmeeedings and lhe pcriud of redemplion. if any lhere be: and such
<br />1"><<e,.ill!l\h;llJntllllcchcddh-creulolhel\lhlicTn"ll'cortheholtll'rufsnidnolcnrcertiricaleufpurehascunrequesl.andonrefusal,thetleliveryof
<br />SUChp<l'"cssion llIaybeenforeetlhythe Public Trusleeortheholdcru fsaitlnnleurcertilicateorpurchasebyanynpproprialecivilsuilorpmceeding,lInd
<br />lhe l'uhhcTrtlSlee, or the holdcrofs,litl note"rcerliticate ,'fpu rchase, orauy theTCof, shall beenlilledtoa ReceIver for said property, andoflhcrenls,
<br />i"lIl'sandpTOlitstherc,'f.aftcrsllchdcf:tllll,inc:ludin)lthetimec,wcredhyforeclosUlcproeeedinl!sandthep(rindofrcdemption.ifllnYlherebc,andshall
<br />he entitled IheTCIll as a matleruf ri",ht ",ilhuul rc~ard III lhe 'olvenl'Y or insolvency ufthe !!ranlOr oroflhe lhcll owner of said pmpcrly and without re~ard to
<br />the \'allle thereof, and Slid! Recciwr m,lY he appointed hy ally eourl of competcnt jurisdiction upon ex parte arplk;ltion and wilhoul notice _ notice being
<br />her<'b)' c~prcs~ly \\ai1'Cd - and all rents, i~<lIes and prolirs. income and rewnlle lherefrom shall be applied by such Receiver 10 the payment of lhe
<br />indehtedncss hl'rehy 'Ccllrcd, aenmli!l~ In the I:1w antl the Hldels mill direl'tiuns of lhe eourL
<br />
<br />'\NI),Thatincase'lfdcfallltinauynf~aidpaymelll'l,fprincipall'rintcrcst"lCcurdinglOtltelenurandcrfcctofsaitlpromissnrynoleaforesaid,orany
<br />Oflhl'llI. "r'llIY part Ihl'reo[llIofa bre;ldt or vi,'latillnllfanyuflh ecuI'enanlsnral!reemenl,herein, by the grlllltor, his personal repre senlalivesorassigns,
<br />thl'lI and iltth;llca~crhe\\'h"lc"f~aidprilleiplll lumherchY"l'Urt'd, andlhe interest thereon IOlhelimeoftl1esale, may nl nnce, at the nplion of the legal
<br />h"ldcr lherc<lf, hcc(lme due llml payahle, and thl' ~aid propcrty he sold in lhe manner mtd wilh lhe s<lme effect as if said indebledness had maimed. ~nd th~l
<br />if forcl'1llsure be Ill(!de Ill' the Public Tm,tee, an nlt""te\"~ fee nflhe ,um nf reasonable amount dollars
<br />for snvices ill the ~lIpervi~il1n of s~id forccl,,\ure proceellinl!~ shall be :tllo\\'ed hy the Public Truslee as a pari of the Cllst of fureclosure, amI if foreclusure
<br />IlC Inndc thwlIgh lhe CllUfls:t rca'lonahk ;lllnrney'-' fce ,hall be t:\xed by thel'ourt as 11 parI of the l'llSt \lf~ueh foreclosure proceedinl!s,
<br />
<br />,\I1E.'I':
<br />
<br />Tlw Si!tg~II!!ti'1IJTVh~1 shall include tlte plur;i1, Ihe plllral the ~inl!lI!;lr. and thc use of any !lender shall i:le applicable 10 all !lender1\,
<br />I"~\' of August 19 91
<br />
<br />THE WINDSOR RESERVOIR & CANAL COMPANY,
<br />a LOiorado noA-prot1t corporat1on
<br />By: -J2J!. .q-<f111~~
<br />
<br />Elmer R. Gu6taf on, President
<br />
<br />
<br />(SE\U'::'
<br />
<br />,'.' i; ; ~ \1 t.
<br />
<br />-.'\Sl?i;, "rCnh'radll
<br />" ' ~'~nty of Larimer
<br />
<br />)"
<br />
<br />The f"'{~"ing i~~il1J~;en~~a, acknuwkdgetl befofC me this
<br />1>)'. ,E'lEDe!', R.o. GI,1~,,!=,afson, President
<br />..' "". ',' - ~
<br />" Wi~,.' '~<'!:!;:,;' ~H, 'I;~.~,",.', ~ ~",:ti."",~ ~~
<br />. ". '.: ,'~ :".' ;
<br />, My i:onllni\si<m ~ipire~: '" ~ovember 3 J 1994
<br />
<br />~. ' .~.::~:~:~...~:~:::,
<br />
<br />of
<br />
<br />1'9.'t!! day of Augtlst
<br />The Windsor Reservoir & Canal
<br />
<br />,1991
<br />Company.
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