C150009 Contract - Laserfiche WebLink

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� I��II� ��II� I��11 IIII) IIII IIIII�IITIIIII III illl� II�� II�I 2264054R Boulder County C1• , make any such payments or procure any such insurance, and all monies so paid with interest thereon at the rate of ten percent (10%) per annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and may be paid out of the proceeds of the sale of the Property if not paid by the GRaNroR. In addition, and at its option, the beneficiary may decfare the indebtedness secured hereby and this Desd of Trust to be in defauft for failure to procure insurance or make any further payments required by this paragraph. In the event of the sale or transfer of the Property, the beneficiary at its option may declare the entire balance of the note immediately due and payable. And that in case of any default, whereby the right of foreclosure occurs hereunder, tll2 PUBLIC TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once become entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents, issues and profits thereot, from the accruing of such right and during the pendency of foreclosure proceedings and the period of redemption, if any there be, and such possession shall at once be delivered to the Puauc TrtusTEE, the State as holder of the note, or the holder of said certificate ofi purchase on request, and on refusal, the delivery of the Properly may be enforced by the Pueuc TRUSrEE, the State as holder of the note, or the holder of said certificate of purchase by an appropriate civil suit or proceeding, and the Pueuc TRUSrEE, or the holder of said note or certificate of purchase, or any thereof, shall be entitled to a Receiver for said Property, and of the rents, issues and profits thereof, after such default, including the time covered by 4orec{osure pro�eedings and ihe period of redemption, if any there be, and shall be entitied thereto as a matter of right without regard to the solvency or insolvency of the GRaNTOR or of the then owner of said Property and without regard to the value thereof, and such Receiver may be appointed by any court of competent jurisdiction upon ex parte application and without notice - notice being hereby expressiy waived - and ali rents, issues and profits, income and revenue thesefrom shall be applied by such Receiver to the payment of the indebtedness hereby secured, according to the law and the orders and directions of the court. And, that in case of default in any of said payments of principal or interest, according to the tenor and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants or agreements contained herein and in the Contract, by the G�NroR, its successors or assigns, then and in that case the whole of said principal sum hereby secured, and the interest thereon to the time of the sale, may at once, at the option of the legal holder thereof, become due and payable, and the said Property be sold in the manner and with the same effect as if said indebtedness had matured, and that if foreciosure be made by th2 PUBLIC TRUSTEE, an attorney's fee in a reasonabfe amount for services in the supervision of said foreclosure proceedings shall be allowed by the Pusuc TRUSrEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee shall be taxed by the court as a part of the cost of such foreclosure proceedings. It is further understood and agreed, that if a release or a partial release of this Deed of Trust is required, the GrtnNTOR, its successors or assigns will pay the expense thereof; that all the covenants and agreements contained herein and {n the Contsact shall extend to and be binding upon the successors or assigns of the respective parties hereto; and that the singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders.