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<br />for said Property, and of the rents, issues and profits thereof, after such default, including the time covered
<br />by foreclosure proceedings and the period of redemption. if any there be, and shall be entitled thereto as a
<br />matter of right without regard to the solvency or insolvency of the GRANTOR or of the then owner of said
<br />Property and without regard to the value thereof. and such Receiver may be appointed by any court of
<br />competent jurisdiction upon ex parte application and without notice - notice being hereby expressly waived
<br />- 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
<br />court.
<br />
<br />And, that in case of default in any of said payments of principal or interest, according to the tenor
<br />and effect of said promissory note or any part thereof, or of a breach or violation of any of the covenants or
<br />agreements contained herein and in the Contract, by the GRANTOR, its personal representatives or
<br />assigns, then and in that case the whole of said principal sum hereby secured, and the interest thereon to
<br />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,
<br />and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for
<br />services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a
<br />part of the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's fee
<br />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
<br />required, the GRANTOR, its successors or assigns will pay the expense thereof; that all the covenants and
<br />agreements contained herein and in the Contract shall extend to and be binding upon the heirs or assigns
<br />of the respective parties hereto; and that the singular number shall include the plural, the plural the
<br />singular, and the use of any gender shall be applicable to all genders,
<br />
<br />, Executed the day and date first written above.
<br />
<br />
<br />,.~ .>
<br />
<br />Woodchuck Ditch Company, a Colorado
<br />nonprofit corporation
<br />
<br />By ~ 2~4?~-;n
<br />(j &ie Zimmerman, President
<br />
<br />State of Colorado
<br />County of _y..-O\ d-r
<br />
<br />1111111111111111111111111111111111111111111111111111111
<br />
<br />541909 03/13/2001 12:17P Kay Welnland
<br />3 of 3 R 15.00 D 0.00 Routt County, CO
<br />
<br />SS
<br />
<br />The foregoing instrument was acknowiedged before me thi~ day of
<br />by Joe Zimmerman as President and rQ-\<::.,~ UJi.JL\\f lxY'\ as Corporate Secreta
<br />Woodchuck Ditch Company. Witness my hand a ij official s .
<br />
<br />
<br />200',
<br />of the
<br />
<br />" . My CommIssion Expires 05'15
<br />My commiSSion expires: I f2002
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