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<br />~3302003/20/2000 01:04P B8S1 P636 lMcCracken
<br />~ of 3 R 15.00 D 0.00 Dell. Cly, CO Clerk & Rec
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<br />said County of Delta, a copy of which notice shall be mailed within ten days from the date of the first
<br />publication. thereof to the GRANTOR at the address herein given and to such person or persOns
<br />appearing to have acquired a subsequent record interest in said Property at the address given in the
<br />recorded instrument; where only the county an(j state is given a$ the address then such notice shall
<br />be mailed to the. county seat, and to make and give to the purcha~er of the Property at such sale, a
<br />certificate in writing. describing the Property purchased, and the sum paid therefor, and the time when
<br />the purchaser (or other person entitled thereto) shall be entitled to the deed therefor, unless the same
<br />shall be redeemed as is provided by law; and said PUBLIC TRUSTEE shall, upon demand by the person
<br />hoiding the said certificate of purchase, when said demand is made, or upon demand by the person
<br />entitled to a deed to and for the Property.purchased, at the time such .demand is made, the time for
<br />redemption having expired, make and execute to such person a deed to the Property purchased,
<br />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.andquitclaim to such person entitled to such
<br />. deed, the Property purchased as aforesaid and all the right, title, interest, benefit and equity of
<br />redemption of the GRANTOR, its successors and assigns made therein, and shaH recite the sum for
<br />which the said Property was sold and shall refer to the power of sale therein contained; and to the
<br />sale made by virtue thereof; and in case of an a~signment of such certificate of purchase, or in case
<br />of the redemption of the Property, by a subsequent encumbrancer, such assignment or redemption
<br />shall also. be referred to in such deed; but the nOUce of sale need not be set out in such deed and the
<br />PUBLIC TRUSTEE shall, out of the proceeds or avail~ of such sale, after first paying and retaining all fees,
<br />charges and COSts of making said sale, pay to the beneficiary hereunder the principal and interest due
<br />on said note according to the tenor and effect thereof, and all moneys advanced by such beneficiary
<br />or legal holder of said note for' insurance, taxes ar,d assessments, with interest thereon at ten per cent
<br />per annum, rendering the surplus, if any, unto th~ GRANTOR, its legal representatives or assigns; which
<br />sale and said deed so made shall be a perpetual bar, both in law and equity, against the GRANTOR, its
<br />successors and assigns, and".all other persons claiming the Property, or any part thereof, by, from,
<br />through or under the GRANTOR, or any of them. 'the holder of said note may pu.rchase Pr.operty or any
<br />part thereof; and it shall not be obligatory UPon the purchaser at any such sale to see to the
<br />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
<br />the PUBLIC TRUSl'EE, that at the time of the u~sealing of and delivery of these presents, itiswelli,seized .
<br />of the Property [n fee Simple, and has good nght, full power and lawful authontytOlltllnt; bargaln,. sell .
<br />and convey the. same in the manner and form as aforesaid; hereby fully and ab~olutely. waiving and
<br />releasing all rights and claims it may have in or to said Property as a Homestead Exemption, or other
<br />exemption, under and by virtue of any act of the General. Assembly of the State of Color~do, or as
<br />any exemption under and by virtue of any act 01 the United States Congress, now existing or which
<br />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 bargainM Property in the quiet and peaceable possession of.
<br />the .PUBLlC TRUSTEE, its successors and assign~, against all and every person or persons lawfully
<br />claiming or to claim the whoie or any part ther~of, the GRANTOR shall and will Warrant and Forever
<br />Defend.
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<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the Property; any and all amounts due on account of principal and interest or
<br />. other sums on any senior encumbra.nces, if any; ~nd will keep the Property insured in accordance with
<br />the requirements of the Contract. Shouid the GRANTOR fail to insure the Property in accordance with
<br />the Contract or to pay taxes .or assessments a~ the same fall due, or to pay any amounts payable
<br />upon senior encumbrances, if any, the beneficiary may make any such payments or procure any such.
<br />insurance, and all monies sopaid with interest thereon at the rate of ten percent (10%) per annum
<br />shall be added to and become a part of the indebtedness secured by this Deed of Trust and may be
<br />paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition. and at its
<br />option, .the beneficiary may declare the indebtedness secured hereby and this Deed of Jrust to be in
<br />default for failure to procure insurance or make any further payments required by this paragraph. .In
<br />the event of the sale or transfer of the Property, .the beneficiary, at its option, m~y declare the entire .
<br />baiance of the note immediately due and payable.
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<br />. And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br />TRUSTEE, the State as hoider of the note,. or the holder of a certificate of purchase, shall at once
<br />become entitled to the possession, use and enjoyment of the Property aforesaid, and to the rents,
<br />issues and profits thereof, from the accruing of such right and during the pendency of foreclosure
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