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PROJC00622
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PROJC00622
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Last modified
11/19/2009 11:10:43 AM
Creation date
10/6/2006 12:11:37 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153725
Contractor Name
Windsor Reservoir and Canal Company
Contract Type
Loan
Water District
3
County
Larimer
Bill Number
HB 95-1155
Loan Projects - Doc Type
Contract Documents
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<br />"J <br /> <br />possession shall at once be delivered to the PUBLIC TRUSTEE, the State 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 the PUBLIC <br />TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase by an appropriate civil suit or <br />proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of purchase, or any thereof, shall be <br />entitled to a Receiver for said Property, and of the rents, issues and profits thereof, after such default, including the <br />time covered by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto <br />as a matter of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said Property <br />and without regard to the value thereof, and. such Receiver may be appointed by any court of competent jurisdiction <br />upon ex parte application and without notice - notice being hereby expressly waived - and all rents, issues and <br />profits, income and revenue therefrom shall be applied by such Receiver to the payment of the indebtedness hereby <br />secured, according to the law and the orders and directions of the court. <br /> <br />And, that in case of default in any of said payments of principal or interest, according to the tenor and effect of <br />said promissory note or any part thereof, or of a breach or violation of any of the covenants or agreements contained <br />herein and in the Contract, by the GRANTOR, its personal representatives or assigns, then and in that case the whole <br />of said principai sum hereby secured, and the interest thereon to the time of the sale, may at once, at the option of <br />the' legal holder thereof, become due and payable, and the said Property be sold in the manner and with the same <br />effect as if said indebtedness had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee <br />in a reasonable amount for services in the supervision of said foreclosure proceedings shall be allowed by the PU8L1C <br />TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's <br />fee shall be taxed by the court as a part of the cost 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 required, the <br />GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and agreements contained <br />herein and in the Contract shall extend to and be binding upon the heirs or assigns of the respective parties hereto; <br />and .that the singular number shall include the plural, the plural the singular, and the use of any gender shall be <br />a'g d"'~. <br />~ """ <br />. """". <br /> <br />'tlate first written above, <br /> <br /> <br />Windsor Reservoir and Canai Company <br /> <br />By <br /> <br />'f?~R Jt.a.A~"-"""7 <br />Elmer R. Gustafson resident <br /> <br />State of Colorado ) <br /> <br />County of "tie.! J l SS, <br /> <br />The foregoing instrument was acknowledged before me this Js.:I- day of L...:.I . 2001, by Elmer <br />R. Gustafson as President and Donn Engel as Corporate Secretary of th~r Reservoir and Canal Company. <br />Witness my hand and official seal. <br /> <br />My commission expires II It; 3 / f) ~ <br /> <br />Notary Public 'IJz--- <br /> <br />7k~~. ~ <br />(I <br /> <br />TIMOTHY J. DOW <br />NOTARY PUBLIC <br />STATE OF COLORADO <br />
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