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<br />PAGE807
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<br />possession of the PUBLIC TRUSTEE. its successors and assigns, against all and every person or persons lawfully claiming or to claim
<br />the whole 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 Property;
<br />any and all amounts due on account of principal and interest or other sums on any senior encumbrances, if any; and will keep the
<br />Property insured in accordance with the requirements of the Contract. Should the GRANTOR fail to insure the Property in accordance
<br />with the Contract or to pay taxes or assessments as the same faH due, or to pay any amounts payable upon senior encumbrances,
<br />if any, the beneficiary may make any such payments or procure any such insurance, and all monies so paid with interest thereon
<br />at the rate of ten percent (10%) per annum shall be added to and becom~ a part of the indebtedness secured by this Deed of Trust
<br />and may be paid out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition, and at its option, the
<br />beneficiary may declare tl1e indebtedness secured hereby and this Deed of Trust to be in default for failure to procure insurance
<br />or make any further payments required by this paragraph.
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<br />AND THAT IN CASE OF ANY DEFAULT, whereby the right of foreclosure occurs hereunder, the PUBLIC TRUSTEE, the State
<br />as holder of the note, or the holder of a certificate of purchase, shall at once become entitled to the possession, use and enjoyment
<br />of the Property aforesaid, and to the rents, issues and profits tl1ereof, from the accruing of such right and during the pendency
<br />of foreclosure proceedings and the period of redemption, if any there be, and such possession shall at once be delivered to the
<br />PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase on request and on refusal, the delivery
<br />of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase
<br />by an appropriate civil suit or proceeding, and the PUBLIC TRustEE, or the holder of said note or certificate of purchase, or any
<br />thereof, shall be entitled to a Receiver for said Propeny, amJ of the rents, issue::; and profits thereof, after such default, including
<br />the time covered by foreclosure proceedings and the period of redemption, if any there be, and shall be entitled thereto as a matter
<br />of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said Property and without regard to
<br />the value thereof, and such Receiver may be appointed by any court of competent jurisdiction upon ex parte application and
<br />without notice - notice being hereby expressly waived - and all rents, issues and profits, income and revenue therefrom shall be
<br />D E applied by such Receiver to the payment of the indebtedness hereby secured, according to the law and the orders and directions
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<br />t ~ of the court.
<br />, r AND, that in case of default in any of said payments Of principal or interest, according to the tenor and effect of said
<br />promissory note or any part thereof, or of a breach or violation of any of the covenants or agreements contained herein and in the
<br />Contract, by the GRANTOR, its successors or assigns, then and ir'l that case the whole of said principal sum hereby secured, and
<br />r 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
<br />the said Property be sold in the manner and with the same effect as if said indebtedness had matured, and that if foreclosure be
<br />~ made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the superviSion of said foreclosure
<br />" proceedings shall be allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the
<br />courts a reasonable attorney's fee shall be taxed by the court as: a part of the cost of such foreclosure proceedings.
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<br />'f.I- IT IS FURTHER UNOERSTOOO AND AGREEO, that if ~ release of this Oeed of Trust is required, the GRANTOR will pay
<br />~ ;' the expense thereof; that all the covenants and agreements contained herein and in the Contract shall extend to and be binding
<br />upon the successors and assigns of the respective parties hereto; and that the singular number shall include the plural, the plural
<br />the singular, and the use of any gender shall be applicable to all genders.
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<br />Executed the day and date first written above.
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<br />(SEAL)
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<br />Secretary
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<br />By:
<br />Jani
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<br />
<br />State of Colorado
<br />County of tv1 eeo..
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<br />} S S
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<br />, 1996. by
<br />ia! seal.
<br />
<br />Notary Pllblic
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<br />"" :<.CCA l ,/111.
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<br />My commission expires
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<br />-.Iu..ne 19-, lqqg
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