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<br />e26188~7/19/1999 04:28P B836 P29 LMcCrack.n
<br />2 of 3 R 15.00 D 0.00 -o.11.a 'Cty, CO Clerk & Rec
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<br />purchased, which said deed shall be in the ordinary form of a conveyance, and shall be signed, acknowledged and
<br />delivered by the said PUBLIC TRUSTEE and shall .convey and quitclaim to such person entitled to such deed, the
<br />Property purchased as aforesaid and all the right, title, interest, benefit and equity of redemption of the GRANTOR,
<br />its successors and assigns made therein, and shall recite the sum ,for which the said Property was sold and shall
<br />refer to the power of sale therein contained, and to the sale made"bv virtue thereof; and in case of an assignment
<br />of such certificate of purchase, or in case of the redemption of the Property, by a subsequent encumbrancer, such
<br />assignment or redemption shall also be referred to in such deed; but the notice of sale need not be set out in such
<br />deed and the PUBLIC 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 interest due on said
<br />note according to the tenor and effect thereof, and all moneys advanced by such beneficiary or legal holder of said
<br />note for Insurance, taxes and assessments, with interest thereon at ten per cent per annum, rendering the surplus,
<br />if any, unto the GRANTOR, its legal representatives or assigns; which sale and said deed so made shall be a
<br />perpetual bar, both in law and equity, against the GRANTOR" its successors and assigns, and all other persons
<br />claiming the Property, or any part thereof, by, from, through or under 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 purchaser at any such
<br />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 the PUBLIC TRUSTEE,
<br />that at the time of the unsealing of and delivery of these presents, it is well seized of the Property in, fee simple,
<br />and has good right, full power and lawful authority to grant, bargain, sell and convey the same in the manner and
<br />form as aforesaid; hereby ,fully and absolutely waivi have in or to said .
<br />Property as a Homestead Exemption, or other exemption, under and by virtue of any act of the General Assembly
<br />of the State of Colorado, or as any exemption under and by virtue of any act of the United States Congress, now
<br />existing or whiclJ may 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 possessl,on of tlJe PUBLIC
<br />TRUSTEE, its successors and assigns, against all and every person or persons lawfully claiming or to\;faiin' the whole
<br />or any part thereof, the GRANTOR shall and will Warrant and Forever Defend. '
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<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments levied on the
<br />Property; any and all amounts due on account of principal and interest or other sums on any senior encumbrances,
<br />If any; and will keep the Property insured in accordance with the requirements of the Contract. Should the
<br />GRANTOR fail to insure the Property in accordance with the Contract or to pay taxes or assessments as the same
<br />fall due" or to pay any amounts payable upon senior encumbrances, if any, the beneficiary may make any such
<br />payments or procure any such insurance, and all monies so paid with Interest thereon at the rate of ten percent
<br />(10%) per annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and may
<br />be paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition, and at its option,
<br />the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in default for fail,ure to
<br />procure Insurance or make any further payments required by this paragraph. In the event of the sale or transfer of
<br />the Property, the beneficiary, at its option, may declare the entire balance of the note immediately due and
<br />payable:,
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<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC TRUSTEE, the
<br />State as holder of the note, or the holder of a certificate of purchase, shall at once become entitled to the
<br />possession, use and enjoyment of the Property aforesaid, and to the rents, issues and profits thereof, from the
<br />accruing of such right and ~uring the pendency of foreclosure proceedings and the period of redemption, if aniI'
<br />there be, and such possession shall at once be delivered to the PUBLIC TRUSTEE, the State as holder of the note, or
<br />the holder of said certificate of purchase on request, and on refusal, the delivery of the Property may be enforced
<br />by the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase by an
<br />appropriate civil suit or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of purchase, or
<br />any thereof, shall be entitled to a Receiver for said Property, and of the rents, issues and profits thereof, after such
<br />default, inCluding the time covered by foreclosure proceedings and the period of redemption, if any there be, and
<br />shall be entitled thereto as a matter of right without regard to the solvency or insolvency of the GRANTOR or of the
<br />then owner of said Property and without regard to the value thereof, and such Receiver may be appointed by any
<br />court of competent jurisdiction upon ex parte application and without notice - notice being hereby expressiy
<br />waived - and all rents, issues and profits, income and revenue therefrom shall be applied by such Receiver to the
<br />payment of the indebtedness hereby secured, according to the law and the orders and directions of the court.
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