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<br />.PUBLlC TRUSTEE shall, out of the proceeds or avails of such sale, after first paying and retaining all
<br />fees, charges and costs of making said sale, pay to the beneficiary .hereunder the principal and
<br />interest due on said note according to the tenor and effect thereof, and all moneys advanced by
<br />such beneficiary or legal holder of said note for insurance. taxes and assessments, with interest
<br />thereon at ten per cent per annum, rendering the surplus, if any, unto the GRANTOR, its legal
<br />representatives or assigns; which sale and said deed so made shall be a perpetual bar, both in law
<br />and equity, against the GRANTOR, its successors and assigns, and all other persons claiming the'
<br />Property, or any part thereof, by. from, through or Wnder the GRANTOR. or any of them. The holder of
<br />said note may purchase Property or any part thereof; and it shall not be obligatory upon the
<br />purchaser at any such sale to see to the application of the purchase money.
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<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with
<br />the PUBLIC TRUSTEE, that at the time of the delivery of these presents it is well seized of the Property
<br />in fee simple. and has good right, full power and lawful authority to grant. bargain, sell and convey
<br />the same in the manner and form as aforesaid; hereby fully and absolutely waiving and releasing all
<br />rights and claims it may have in or to said Property as a Homestead EXemption. or other exemption.
<br />under and by virtue of any act of the General Assembly of the State of Colorado, or as any
<br />exemption under and by virtue of any act of the United States Congress, now existing or which may
<br />hereafter be passed in relation thereto and that the same is free and clear of all liens and
<br />encumbrances whatever, and the above bargained Property in the quiet and peaceable possession
<br />of the Public Trustee, its successors and assigns, against all and every person or persons lawfully
<br />claiming or to claim the whole or any part thereof, by, through or under the Grantor, shall and will
<br />warrant and forever defend.
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<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the Property and any and all amounts due on account of principal and
<br />interest or other sums on any senior encumbrancleS, if any. 'Should the GRANTOR fail to pay taxes or
<br />assessments as the same fall due, or to pay an,! amounts payable upon senior encumbrances, if
<br />any, the beneficiary may make any such payments, and all monies so paid with interest thereon at
<br />the rate of ten percent (10%) per annum shall be added to and become a part of the indebtedness
<br />secured by this Deed of Trust and may be paid OlJt of the proceeds of the sale of the Property if not
<br />paid by the GRANTOR. In addition, and at its option, the beneficiary may declare the indebtedness
<br />secured hereby and this Deed of Trust to be in default for failure to make any further payments
<br />required by this paragraph. In the event of the sale or transfer of the Property, the beneficiary, at its
<br />option, may declare the entire balance of the Prolliissory Note immediately due and payable.
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<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the
<br />PUBLIC TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at
<br />once become entitled to the possession, use an(j enjoyment of the Property aforesaid, and to the
<br />rents, issues an(j profits thereof, from the acctuing of such right and during the pendency of
<br />foreclosure proceedings and the period of redemption, if any there be, and such possession shall at
<br />once be delivered to the PUBLIC TRUSTEE, the ~tate as holder of the note, or the holder of said
<br />certificate of purchase on request and on refusal, the delivery of the Property may be enforced by
<br />the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase by
<br />an appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or
<br />certificate of purchase, or any thereof, shall be entitled to a Receiver for said Property, and of the
<br />rents, issues and profits thereof, after such default, including the time covered by foreclosure
<br />proceedings and the period of redemption, if any there be, and shall be entitled thereto as a matter
<br />of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said
<br />Property and without regard to the value thereof. and such Receiver may be appointed by any court
<br />of competent jurisdiction upon ex parte application and without notice - notice being hereby
<br />expressly waived - and all rents, issues and profits, income and revenue therefrom shall be applied
<br />by such Receiver to the payment of the indebtedness hereby secured, according to the law and the
<br />orders and directions of the court. The STATE shall give the GRANTOR written notice of any alleged
<br />default and an opportunity to cure within thirty (30) days of receipt of such notice before the
<br />GRANTOR shall be considered in default for purpOSes of this deed of trust.
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<br />And, that in case of default in any of said payments of principal or interest. according to the
<br />tenor and effect of said promissory note or any Part thereof. or of a breach or violation of any of the
<br />covenants or agreements contained herein and in the Contract. by the GRANTOR, its personal
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