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<br />111111111111111111111111111 11111111111111I1111111111111
<br />
<br />3033"08 02118/2003 12:40P Weld County, CO
<br />2 01 2 A 11.00 00.00 Steve Moreno Clerk & Aecol1ler
<br />
<br />the COLLATERAL in fee simple, and has full power and lawful authority to grant, bargain, sell and
<br />convey the same in the manner and form as aforesaid. The GRANTOR fully waives and releases all
<br />rights and claims it may have in or to said COLLATERAL as a Homestead Exemption or other
<br />exemption, now or hereafter provided by law. The GRANTOR further covenants that the collateral is
<br />free and clear of all liens and encumbrances whatever and that the GRANTOR shall warrant and
<br />forever defend the COLLATERAL in the quiet and peaceable possession of the PUBLIC TRUSTEE, its
<br />successors and assigns, against all and every person or persons lawfully claiming or to claim the
<br />whole or any part thereof.
<br />
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the COLLATERAL; any and all amounts due on account of the principal and
<br />interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL insured in
<br />accordance with the requirements of the LOAN eONTRACT. In the event of the sale or transfer of the
<br />COLLATERAL, the BENEFICIARY, at its optIon, may declare the entire balance of the note immediately
<br />due and payable.
<br />
<br />in case of default in any of said payments of the principal or interest, according to the terms of
<br />said Promissory Note or LOAN CONTRACT, by the GRANTOR, its successors or assigns, then said
<br />principal sum hereby secured, and interest thereon, may at once, at the option of the BENEFICIARY,
<br />become due and payable, and the said COLLATERAL be sold in the manner and with the same effect
<br />as if said indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an
<br />attorney's fee in a reasonable amount for services in the supervision of said foreclosure proceedings
<br />shall be allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be
<br />made through the courts a reasonable attomey's fee shall be taxed by the court as a part of the cost
<br />of such foreclosure proceedings.
<br />
<br />It is further understood and agreed, that if a release or a partial release of this Deed of Trust is
<br />required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants
<br />and agreements contained herein and in the PromIssory Note and LOAN eONTRACT shall extend to
<br />and be binding upon the successors or assigns of the respective parties hereto; and that the singular
<br />number shall include the plural, the plural the singular, and the use of any gender shall be applicable
<br />to all genders.
<br />
<br />Executed the day and date first written above.
<br />
<br />The Larimer and Weld Irrigation Company, a Colorado
<br />n oration
<br />
<br />By
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<br />
<br />.
<br />
<br />
<br />',.sv:;.... .
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<br />Donn Enge ,
<br />County of-Be!hl 'N.Jd
<br />
<br />ate Secretary
<br />
<br />)
<br />) SS
<br />State of Colorado )
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<br />The foregoing instrument was acknowledged before IT!~.~is':J:a..:tlL day of ~2002,
<br />by Barry Anderson and Donn Engel, as President..aqJ>,Gorpoi~~ S.ecretary, respectively, of The
<br />Larimer and Weld Irrigation Company. Witnes~ my itel\d'~Gff~iaJ ..""I.
<br />\f1)\ rm~ ,~~V()..- Notary Public
<br />
<br />My commission expires te.b,~ "ac::cD \_~~: ...:" ..::.;~,~.r~.i
<br />.... 1 S. ........ ~.' "
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