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�' CANCELLED
<br />, ; � `RELEA;:ELl
<br />MAR 5 � P002
<br />Boulder Count�r
<br />Public Trustes
<br />L���
<br />III{lIIIIlillllllllllllllllllllil{IIII{i{I11114441441140 oa� e00 ei:
<br />de �
<br />Deed of Trust
<br />This indenture, made this � day of f-t fl y 2000, between the Boulder & Left Hand
<br />Irrigation Company, whose address is 8003 North 95th Street, Longmont, CO 80501, hereinafter referred
<br />to as GRaNroa, and the Public Trustee of the County of Boulder, State of Colorado, hereinafter referred to
<br />8S PUBLIC TRUSTEE,
<br />Witnesseth, that whereas, GRANTOR h8S executed a promissory note, set forth in Contract No.
<br />C150009 ("Contract") for a loan in the principal sum of $100,000 to be repaid to the 5TATE OF
<br />COLORADO for the use and benefit of the Department of Naturaf Resources, Water Conservation Board,
<br />whose address is 1313 Sherman Street, Room 721, Denver, Colorado 80203, with interest thereon from
<br />the date oS first disbursement of funds under the Contract at the effective interest rate of 3.75% per
<br />annum, payabie in 2U annuai instaiiments, in accordance v✓ith the Promissory Note Provision of said
<br />Contract, or until loan is paid in full.
<br />And whereas, the GaarvroR is desirous of securing payment of the principal and interest of said
<br />promissory note to the State of Colorado.
<br />Now, therefore, thB GRANTOR, in consideration of the premises and for the purpose aforesaid, does
<br />hereby grant, bargain, sell and convey unto the said Pueuc TRUSrEE in trust forever, to wit: The Twin
<br />Lakes Dam and Reservoir, more particularly described as follaws: East Half of the SW Quarter and NW
<br />Quarter of SE Quarter, Section 11, 7ownship 1 North, Range 70 West 6th P.M., (collectively or hereinafter
<br />referred to as the "Property").
<br />To have and to hold the same, together.with all and singular the privileges and appurtenances
<br />thereunto belonging: in Trust nevertheless, that in case of default in the payment of said note, or any part
<br />thereof, or in the payment of the interest thereon, according to the tenor and effect of said note or in the
<br />payment ot any psior enc�mbrances, principal or interest, if any, or in case default shall be made in or in
<br />case of violation or breach of any of the terms, conditions, covenants or agreements contained in the
<br />Contract, the beneficiary hereunder may declare a violation of any of the covenants contained in the
<br />Contract and elect to advertise said Property for sale, and demand such sale by filing a notice of such
<br />election and demand for sale with the Pusuc TRUSTEE. Upon receipt of such notice of election and
<br />demand for sale, the PuBUC TRUSTEE shall cause a copy of the same to be recorded in the recorder's
<br />office of the county in which said Property is situated, it shall and may be lawful for the Puauc 7RUSTEE to
<br />sell and dispose of ihe same (en masse or in separate parcels, as the said Puauc TRUSrEE may think
<br />best), and a!; the ri�h±, !itle a�d 'interest of the GRar�Ter�, i:s successors or assigns therei^, at p��b!i�
<br />auction at such time and at such ibcation as shall be designated in the Pueuc TRUSTEE's Notice of Sale,
<br />for the highest and best price the same will bring in cash, four weeks public notice having been previously
<br />given of the time and place of such sale, advertisement once each week for five consecutive weeks, in
<br />some ne�vspaper of general circulation at that time published in said County of Boulder, a copy of which
<br />notice shall be mailed within ten days from the date of the first publication thereof to the GRnrvroa at the
<br />address herein given and to such person or persons appearing to have acquired a subsequent record
<br />interest in said Property at the address given in the recorded instrument; where only the county and state
<br />is given as the address then such notice shall be mailed to the county seat, and to make and give to the
<br />purchaser of the Property at such sale, a certificate in writing describing the Property purchased, and the
<br />sum paid therefor, and the time when the purchaser (or other person entitled thereto) shafl be entitled to
<br />the deed therefor, unless the same shall be redeemed as is provided by law; and said Pueuc TRUS'rEE
<br />shall, upon demand by the person holding the said certificate of purchase, when sa+d demand is made, or
<br />upon demand by the person entitled to a deed to and for the Property purchased, at the time such
<br />Appendix 3 to Loan Contract C150009
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