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<br />1111111111111111111111111111111111111111111111111111111
<br />86244 07/22/1999 12:54P 8178 P343 DT
<br />1 of 1 R 5,00 D 0,00 N 0,00 JACKSON COUNTY CO
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST, Dated JUNE 30 ~ 1999
<br />WAMSLEY CATTLE COMPANY, INC,
<br />
<br />, between
<br />
<br />the grantor herein, whose address is COALMONT, COLORADO 80430
<br />
<br />"'County of JACKSON and Slate of Colorado, and the
<br />PUBLIC TRUSTEE of the County or City and County in which the property described below is situated, in the State of Colorado,
<br />Witness:
<br />The grantor, to secure a promissory note or notes, hereinafter referred to in the singular, dated JUNE 30. 1999
<br />for the total principal sum of THIRTY FOUR THOUSAND AND THIRTY SIX AND 41/100
<br />dollars, payable to the order of THE COLORADO WATER CONSERVATION BOARD
<br />the beneficiary herein, whose address is 1313 SHERMAN. STREET J ROOM 721, DENVER, COLORADO 80203
<br />, after the date thereof,
<br />with interest thereon from tbe date thereof at the rate Of THREE (3) percent per annum, principal and interest payable
<br />IN ANNUAL INSTALLMENTS OF $1,472,50 FOR A TERM OF FORTY (40) YEARS
<br />
<br />does hereby grant and convey unto said Public Trustee the following described property, situate in the County
<br />of JACKSON , Slate of Colorado, to wit:
<br />THE RESERVOlR, SURRONDING LAND AND APPURTENANT WATER RIGHTS, DESCRIBED AS
<br />FOLLOWS:W 1/4 OF SW 1/4 OF SW 1/4 OF SECTION 4,
<br />SW 1/4 OF SE 1/4 OF SECTION 5,
<br />SE 1/4 OF SE 1/4 OF SECTION 5,
<br />NE 1/4 OF NE 1/4 OF SECTION 8,AND
<br />NW 1/4 OF NW 1/4 OF SECTION 9
<br />TOWNSHIP 6 NORTH, RANGE 81 WEST OF THE 6TH P.M, COUNTY OF JACKSON, STATE OF
<br />COLORADO CONSISTING OF 180 ACRES, MORE OR LESS; TOGETHER WITH THE RESERVOIR
<br />STORAGE RIGHTS, IMPROVEMENTS TO BE MADE, AND ALL EASEMENTS AND OTHER RIGHTS
<br />~/Mli!rlWn;~\i,,;mmn.mbe< '"
<br />assessor's schedule or parcel number:
<br />
<br />TO HAVE AND TO IlOLD the same together with all appunenances, in trust nevertheless, that in case of default in therayment of said note or any part thereof or interest
<br />thereon,orinthepelformanceofanycovenantsllereinaftersetforth,!henupontllebeneficiary(noteholder)filin~noticeo eleclionanddemandforsale,saidPublicTrustee,
<br />after advertising notice of said sale weekly, for not less than four weeks, In some newspaperof general circulation In said county, shall sell said property in the manner provided
<br />by law in effectatlhe time of filing said ootice and demand, at public auction for cash, at any proper place designated in the notice ohale. Out ofthe proceeds ofsaid sale said
<br />'I'rusteeshalJretalnorpayfirstallfees,chargesandcostsandallmoneysadvancedfortWles,losuranceandassessments,oronanypriorencumbrance,withinterestthereon,and
<br />pay the principal and mterest due on said nOle, rendering the overplus (if any) unto the grantor: and after the expiration ofthe time of redemption, saidTrustu shall uecute and
<br />deliver to the purchaser a deed to the property sold. The beneficiary may furchase s aid I"roperty or any pan thereof at such sale.
<br />The grantor covenants that at the time of delivery of these presents, he IS seized of saId property in fee simple, and that said property is free of encumbranCes, except
<br />
<br />NO EXCEPTIONS
<br />
<br />The grantor also covenants that he will keep all buildings insured with a company approved by the beneficiary for fire and extended coverage in an amount Cijual to the unpaid
<br />balance of said note with loss payable to Ihe beneficiary, will deliver a copy of the policy to the beneficiary 8Ild will pay all taxes and assessmeuts against said property and
<br />amounts due on prior encumbrances, If grantor shall fail to pay insurance premiums, taxes or amounts due on prior encumbrance, the beneficiary may pay the same and all
<br />amounts Shall become additional indebtedness due hereunder; and in CllSe of foreclosure, he will pay an attorney's fee of A REASONABLE AMOUNT
<br />
<br />Should the beneficiary hereunder be made a party to any action affecting t his deed of lnIst or tbe tille to said property, the grantor agrees that a1Jcourt c QStsandareasonable
<br />attorney's fee paid by the beneficiary shall become additional indebtedness due hereunder; and the grantor does hereby release 8Ild waive all claims in said property lIS a
<br />homestead ~er,pptltltt.tlfJ1lbC{\C}temption now or hereaCler provided by law, .
<br />Ifallorall)'~fjthf.Pro~r\~oraninteresttberelniSsoldortransferredbythegl"antorwithoutbeneficiary'spriorwriUenconsent,exduding(a)theereationofalienor
<br />encumb~ r ilM!! to lMS'ileed IlfTh15t, (b) thecreationofa purchase money security interestforhouseholdapplianccs, (c) atransferbydevise,descentorbyoperation
<br />of1aw~lIpo ~llfll'~'<eO'}IIt br (d) !he grant of any leasehold interest of three yeal'S orless not containing an option to purchase, benefieiarymay, at beneficiary's
<br />Opti!lJl, 4ecl.tlllhe sums se<:tllcll"} t~is Delld of Trust to be immediately due and payable. Beneficiary shall have waIVed such optian to llCCelente if, prior to !he sale or
<br />tran;ie !#=ficia"ryaetJ.\\Ie persolLto'J'hofJ! the pro, perty is to be sold or transferred reach agreemen tinwritingthal thccreditafsuchpersonissatisfactorytobeneficiary and
<br />tha~1 e ,restPayab!f.tbn the sum\s~~ by Ihis Deed or Trust shall be at such rate as beneficillrY, shall request.
<br />J!it !i:~5'E.n ~ofsaidprincipa10rinlerestorabreachofanyofthecovenantsherein,tbensaidprincipalsumherebysecuredandinterestthereon
<br />~ It . n {.J ficI y. ceme,iilue abd payable at once, anything in said nOIe tothecontrarynotwiths tandin~andpossessionofsaidpropertywi1llhereuponbe
<br />d vMl c. flil~ tjde.llver such possession the beneficiary Shall be entitled to a receiver for saId property, who may be appointed by any court of
<br />co:flpott.flt..jursidict~........, ._",,'
<br />~usedh~esingular.lIl1:lnbErshallincludetheplural,thepluralthesingnlllr,andtbeuseofanygendershallbeapplicabletoal1genders.Allofthecovenants
<br />here(!lshalll1.]indlngupontht\'teSpecti~beirs,personalrepre5entatives,successors and assigns of the parties hereto.
<br />Ex~t6~i:~~arfir&above'Writlen.
<br />" ,Iil\\~,".,~,m" .~'~ ~ W EY CATTLE COMPANY, INC,
<br />ATrEsct;"~~ ", C ~~
<br />BY. ~., '1
<br />CORPORATE SECRETARY
<br />
<br />
<br />STATE OF COWRADO
<br />. County of ~~
<br />rf
<br />The foregoing instrument was::::::Jf;Ckno~. ed before me this
<br />by .Q""..w. u)' UJ '
<br />,
<br />
<br />lss
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<br />/ (p,;u.,
<br />
<br />day of
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<br />.19 q ~ .
<br />
<br />My commission expires ). C{. .;;.. co ~
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<br />'."~~:F;-.~~-~l'J'~8~wlYCrealed~DescriPtioa(~38-35.106.S'CR.s.)
<br />'. .~:"'~~ 'Co 2
<br />
<br />No. 9zit: Il,ev, 4140.....1iEF;,ioFTRUsr'{Pabllc 'lhtstee) wIIh Due 08 S.le C1auee ~
<br />\:t'. '.. " :':;,.., .", BradfordPublisbing, 1743 Waue St., Deuver,CO 80202-(303) 29:z..2500-8-98
<br />
<br />, Witness my h;md and official seal.
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<br />NotaryPublie
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