|
<br />111111111111111111111I111111111111111111111111111111111
<br />576923 07/31/2000 01:20P B1014 P91S. SISNROY
<br />2 of 3 R 15.00 D 0.00 Otero County, CO
<br />
<br />shall be signed, acknowledged and delivered by the said PUBLIC TRUSTEE and shall convey and
<br />quitclaim to such person entitled to such deed, the Property purchased as aforesaid and all the right,
<br />title, interest, benefit and equity of redemption of the GRANTOR, its successors and assigns made
<br />therein, and shall recite the sum for which the said Property was sold and shall refer to the power of sale
<br />therein contained, and to the sale made by virtue thereof; and in case of an assignment of such
<br />certificate of purchase, or in case of the redemption of the Property, by a subsequent encumbrance,
<br />such assignment or redemption shall also be referred to in such deed; but the notice of sale need not be
<br />set out in such deed and the PUBLIC TRUSTEE shall, out of the proceeds or avails of such sale, after first
<br />paying and retaining all fees, charges and costs of making said sale, pay to the beneficiary hereunder
<br />the principal and interest due on said note according to the tenor and effect thereof, and all moneys
<br />advanced by such beneficiary or legal holder of said note for insurance, taxes and assessments, with
<br />interest thereon at ten per'cent per annum, rendering the surplus, if any, unto the GRANTOR, its legal
<br />representatives or assigns; which sale and said deed so made shall be a perpetual bar, both in law and
<br />equity, against the GRANTOR, its successors and assigns, and all other persons claiming the Property, or
<br />any part thereof, by, from, through or under the GRANTOR, or any of them. The holder of said note may
<br />purchase Property or any part thereof; and it shall not be obligatory upon the purchaser at any such sale
<br />to see to the application of the purchase money.
<br />
<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with the
<br />PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is well seized of
<br />the Property in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and
<br />convey the same in the manner and form as aforesaid; hereby fully and absolutely 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 Colorado, or as any
<br />exemption under and by virtue of any act of the United States Congress, now existing or which may
<br />hereafter be passed in relation thereto and that the same is free and clear of all liens and encumbrances
<br />whatever, and the above bargained Property in the quiet and peaceable possession of the PUBLIC
<br />TRUSTEE, its successors and assigns, against all and every person or persons lawfully claiming or to
<br />claim the whole or any part thereof, the GRANTOR shall and will Warrant and Forever Defend.
<br />
<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 encumbrances, if any; and will keep the Property insured in accordance with
<br />the requirements of the Contract. Should the GRANTOR fail to insure the Property in accordance with the
<br />Contract or to pay taxes or assessments as the same fall due, or to pay any amounts payable upon
<br />senior encumbrances, if any, the beneficiary may make any such payments or procure any such
<br />insurance, and all monies so paid with interest thereon at the rate often percent (10%) per annum shall
<br />be added to and become a part of the indebtedness secured by this Deed of Trust and may be paid out
<br />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 the indebtedness secured hereby and this Deed of Trust to be in default for
<br />failure to procure insurance or make any further payments required by this paragraph. In the event of
<br />the sale or transfer of the Property, the beneficiary, at its option, may declare the entire balance of the
<br />note immediately due and payable.
<br />
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once become
<br />entitled to the possession, use and enjoyment of the Property aforesaid, and, to the rents, issues and
<br />profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and
<br />the period of redemption, if any there be, and such possession shall at once be delivered to the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase on request and on
<br />refusal, the delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the
<br />
|