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PROJ00554
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Last modified
11/19/2009 11:20:26 AM
Creation date
10/6/2006 12:01:42 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153478
Contractor Name
San Luis Valley Irrigation District
Contract Type
Loan
Water District
20
County
Hinsdale
Bill Number
SB 86-27
Loan Projects - Doc Type
Contract Documents
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<br />-' <br /> <br />~/,;(9 <br />I~ ~7/. <br /> <br />.. <br /> <br />The grantor covenants that at the time of delivery of these <br />presents, he is seized of said property in fee simple, and that <br />said property is free of encumbrances. <br /> <br />The grantor also covenants that he will pay all taxes and <br />assessments against said property and amounts due on prior <br />encumbrances. If grantor shall fail to pay insurance premiums, <br />taxes or amounts due on prior encumbrance, the beneficiary may pay <br />the same and all amounts shall become additional indebtedness due <br />hereunder, and in case of foreclosure, he will pay a reasonable <br />attorney's fee. <br /> <br />Should the beneficiary hereunder be made a party to any action <br />affecting this deed or trust or the title to said property, the <br />grant agrees that all court costs and a reasonable attorney's fee <br />paid by the beneficiary shall become additional indebtedness due <br />hereunder; and the grantor does hereby release and waive all claims <br />in said property as a homestead exemption or other exemption now <br />or hereafter provided by law. <br /> <br />It is agreed that in case of default in payment of said <br />principal or interest or a breach of any of the covenants herein, <br />then said principal sum hereby secured and interest thereon may at <br />the option of the beneficiary become due and payable at once, <br />anything in said note to the contrary notwithstanding and <br />possession of said property will thereupon be delivered to the <br />beneficiary, and on failure to deliver such possession the benefi- <br />ciary shall be entitled to a receiver for said property, who may <br />be appointed by any court of competent jurisdiction. <br /> <br />Whenever used herein the singular number shall include the <br />plural, the plural the singular, and the use of any gender shall <br />'be applicable to all genders. All of the covenants herein shall <br />be binding upon the respective heirs, personal representatives, <br />successors and assigns of the parties hereto. <br /> <br />IN WITNESS WHEREOF, the grantor has caused its name to be <br />hereunto subscribed by its President, and its seal to be hereunto <br />affixed, attested by its Secretary, the day and year first above <br />written. <br /> <br />THE SAN LUIS VALLEY IRRIGATION DISTRICT <br /> <br />. . <br />~ ~""". <br /> <br /> <br />~ <br /> <br />. i <br />":""\",' j <br /> <br />. , <br /> <br />'.,. <br /> <br />If:. <br /> <br />,"'. <br /> <br />'/ ., <br />
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