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<br />60089S 04/08/2002 03:e0P 81344 P329 " ALSDORF
<br />2 0' 3 R le.00 D 0.00 GARFIELD COUNTY CO
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<br />entitled to such deed, the Properly purchased as aforesaid and all the right, tille, interest, benefit and
<br />equity of redemption of the GRANTOR, its successors and assigns made therein, and shall recite the sum
<br />for which the said Property was sold and shall refer to the power of sale therein contained, and to the sale
<br />made by virtue thereof; and in case of an assignment of such certificate of purchase, or in case of the
<br />redemption of the Property, by a subsequent encumbrance, such assignment or redemption shall aiso be
<br />referred to in such deed; but the notice of sale need not be set out in such deed and the PUBLIC TRUSTEE
<br />shali, out of the proceeds or avails of such sale, after first paying and retaining all fees, charges and costs
<br />of making said sale, pay to the beneficiary hereunder the principal and interest due on said note
<br />according to the tenor and effect thereof, and ali moneys advanced by such beneficiary or legal holder of
<br />said note for insurance, taxes and assessments, with interest thereon at ten per cent per annum,
<br />rendering the surplus, if any, unto the GRANTOR, its legal representatives or assigns; which sale and said
<br />deed so made shali be a perpetual bar, both in law and equity, against the GRANTOR, its successors and
<br />assigns, and ali other persons claiming the Property, or any part thereof, by, from, through or under the
<br />GRANTOR, or any of them, The holder of said note may purchase Property or any part thereof; and it shali
<br />not be obligatory upon the purchaser at any such 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
<br />PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is weli seized of the
<br />Properly 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 fuliy and absolutely waiving and releasing
<br />ali rights and claims it may have in or to said Property as a Homestead Exemption, or other exemption,
<br />under and by virtue of any act of the General Assembly of the State of Colorado, or as any exemption
<br />under and by virtue of any act of the United States Congress, now existing or which may hereafter be
<br />passed in relation thereto and that the same is free and clear of all liens and encumbrances whatever,
<br />and the above bargained Property in the quiet and peaceable possession of the PUBLIC TRUSTEE, its
<br />successors and assigns, against all and every person or persons lawfully claiming or to claim the whole or
<br />any part thereof, the GRANTOR shall and will Warrant and Forever Defend,
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<br />Until payment in fuli of the indebtedness, the GRANTOR shali timely pay all taxes and assessments
<br />levied on the Property; any and ali amounts due on account of principal and interest or other sums on any
<br />senior encumbrances, if any; and will keep the Property insured in accordance with the requirements of
<br />the Contract Should the GRANTOR fail to insure the Property in accordance with the Contract or to pay
<br />taxes or assessments as the same fall due, or to pay any amounts payable upon senior encumbrances, if
<br />any, the beneficiary may make any such payments or procure any such insurance, and all monies so paid
<br />with interest thereon at the rate of ten percent (10%) per annum shall be added to and become a part of
<br />the indebtedness secured by this Deed of Trust and may be paid out of the proceeds of the sale of the
<br />Property if not paid by the GRANTOR, In addition, and at its option, the beneficiary may declare the
<br />indebtedness secured hereby and this Deed of Trust to be in default for failure to procure insurance or
<br />make any further payments required by this paragraph, In the event of the sale or transfer of the
<br />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
<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 />note, or the holder of said certificate of purchase by an appropriate civil suit or proceeding, and the
<br />PUBLIC TRUSTEE, or the holder of said note or certificate of purchase, or any thereof, shall be entitled to a
<br />Receiver for said Property, and of the rents, issues and profits thereof, after such default, including the
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