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<br />257486
<br />
<br />B-524
<br />
<br />P-981
<br />
<br />06/10/96 11:03A PO 2
<br />
<br />OF 2
<br />
<br />And tbepa.lllOtcovtlWllSaad ll&"lCS to aDd with the Publiclhutcc, tlW at tbctimcoCtbeensea1.ina: oland deliver)' of these pme$he it weD seized of
<br />the aid land and tenements in fee iimp!e, and bas auod r1ahl. full power aad lawfulluthorily to &fIJIl. barpin, sc1l and convey the same in the m&n1lU aDd
<br />form as aforesaid; hereby fuUy aDd absolutely waivioa aDd rdcasina aU riabta aad dailIlJ he may have in or to said lands, tenements, aDd property as .
<br />Homestead. Exemption. or other exemption. under and by virtue of any act of the GcouaI Assembly of the State of Colorado. or as an)' aemptiou under
<br />and by vinllC of aD)' act otlbc Uoiled Stales CoD&fCSS, now CJtistiq or which may bcreaftCf be passed in relation thercto and that the same an: free and clear
<br />otalllicllSandcncumbtatlccswhalCVel',CXCCpt all easements I rights of way J encumbrances.
<br />reservations, restrictions and interests of record, and lease
<br />between the Town of Rangely and the Western Rio Blanco Parks ~
<br />and Recreation District.
<br />
<br />aDd the above bupiocd property ill the quiet and peaceable poueaiou oftbe PubUc'Ihastee, q,ainst all and every perIOD or pcnons IawMly cIaimina: or to
<br />claim tbc wboIc 01 aD)' part tbcreof. the armlOr shall aDd will Warrant and Fon:w:r Defend. .
<br />Until paymcJ1l in full of the iDdeb1edDcss. the armtorlhall timclypay all tuellIId assessments levied on the propcrt)'j an)' aod aU UDOUDU due 011.
<br />m:ount of principal and interest or other suma CG an)' senior eJ1C\l.IDbrancca, if u.y, aDd will keep aU improyemeota that may be 00 said IIIlds insured
<br />lIpiD" anyc:a.sualtylou.includiDacxleDdcd(OYClqc. iDac:ompaoyorc:ompuielllleCtina;tbe Detwonb. rcquircmcntso(me bcDcfieiary bercolill au
<br />UDOUIll which will yield to the bolderoftbe iAdebtodness, afterrc4uctioD byoo-iDsuraDccprovhiousoftbe policy, ifu)'. DOtleutlwl. tho tbeD toW
<br />bIdeInodaeu. &cb policy shall comaia a Iou payable clauIo umioa: the beDCAciuy.1DOC'tpiee aDd sha11 further,provide that tbo inwraDoe may 0Clt be
<br />caacdcd upoD leu tIwI. ten daya written IKItioe 10 tile benc&iary. At tho optioa of the benc4ciary, the orlilI1Il policy or poUcia or iDIwuoc shall be
<br />ddimcd to tile beDcficWyu furthcrlCl.Uri.ty fortbc ;.w.hf....n_. Should thepaalorWllOiDsuroud ddivcrthcpolidcaorlOpayWCIoraucssmcotlu
<br />the same &l1 due, or to pay au)' amouuu payable upoo senior encumbnnccs, if UlY, the beneficiary may mate au)' such paymcDII or procure au)' IIUCb.
<br />iDsutaooc,aDdallmQllicslOpaidwithiDteJattberccaattberaleof 9. O",pe;~sha11beaddedlOaodbecOme.PartolthciDdebtedDesslCCW'Cd
<br />bytllis Deed oflhWaDd maybe paidoutoftbc procccdsoftbe uleof1he pNpert)iiJ DOt paid by the ~ 1D additioo.lDd atlls opUoa. the beoetici&ry
<br />may dccIaM tbc~ IICCW'Cd befeby aDd this Deed of'liust 10 be in defauII for faiIuro 10 PI'OCURl iDswanc:c or make u)'ofthe paymentS required
<br />by this panpapb. 1''''1,
<br />"/,
<br />UaII or u)' put oftbe proper()' oru iIItcrcst tberda iflOld Of trulIf'emd by the pnlOtwilhoUt beneficiary'I priocwrinen ccw.scot. Cllchllliq (a) the
<br />creatioa of a lieD OI'CDCWDbrance IUbordiaate 10 this Deed of'liust, (b) tbc aadoa ora pwc:baae moDe)' ICl.Uri.ty interest for household appIiaDc:a, (c) a
<br />traIlSfet by devise, dcsocD1 or by opentioD otlaw upoo the deItb oeajoW t.eDaIIt 01' (d) the pant otlUl)' 1euehoId lnten:st otthrce)'W1 or IeII DOt
<br />c:ootainlDi I.D optioo to pwdwe, beDe:6ciary may. at beDdiciary'I opticD. dcdanl aU tho IUmlIOCURd by this Deed of 1Mt 10 be immediately due IDd
<br />payabIc. ~ IhaU bavc waived such optioo 1Oaccdera1c it, prior to tbeuJoorlrl.Dl!er, benc&iary aDd tho penoIllO wbom the ptOperty if 10 be aold
<br />ortRllSftrtcd reach a&rCCment ill wri1iDIthat thccmiitolAlCb pcnoIt II aatisfactorrlObadciuy lAd tba\ the interealpaylbJe 00 tbo IWDS ICCW'Cd by
<br />lhiaDccdot'lhastsball be at aucb Rleubeueficiarysballrequest,
<br />AND THAT IN CASE OF ANY DEFAULTwheRby the riabtof'fotedolunlOOCWl hercwIder. the boIderotsaid DOte OI'ccrtificateofpurcbue shall II
<br />000ll become emitlcd to the pouaaioD, use IDd ~ oftbc property af'oreaaid, aDd 10 tbc mua. iuues aod profits thereof, from tbe ac:auiDi oflUCh
<br />ri&btlDd duriq the pendencyof(otedosuro procc:cdi.nasud lbc period ofrcdemption. ifan)' there be: and sw;:b poasessioD aha11 at oooc bedelimed to the
<br />bolder of said oote llI'certificate ofpun:huc OD request, &lid 00 refu&aJ. tbc deliVCl)' olsucb posscssio.n may be enforced by the bolder of said DOte Of
<br />cenific:ateof'pwdwebylD)'&pp<<lpriatecivilsuitor~aDdtbcbolderof'aaidllOteorcertificateofpurctwc,oraD)' lben;ot,aha11beemil1edlOa
<br />Receivet for said ptOpert)'. aDd oftbe rents, issues aDd profits thereof; after IUCb default, includiDa: tbc time covered by forccloluro pJOCCCdinp and me
<br />period ofrcdemptioa, ifaD)' tbere be, aDd shall be emitlcd tbucto u a maner ofri&bl witboul IqIrd to the solvcDC)' or insolvency of the IfIUlOt oroftbc
<br />tbeD OWDU of said property aDd without rqard to the value tbcrcot aDd such Rccdl'U may be appoiDted by auy court of competeo1 jurisdictioo upon Cll
<br />parte appIic:atioo IUd withoul notice _ DOticc beiDa bcrcby c:x.prcssl)' waived - lad all rents, issueI and profits, iDcome aDd rcveoue tbucfrom aha11 be
<br />applied by sucb Rc:ceivet to tbc paymeDt of the iDdebtedDeu beleby IeCURd, accordiD& to the law IUd the orden and directions oftbc coutt.
<br />AND, that lo we ofdefault ill au)' ofuid paymeDts of principal or intmse, ac:cmdiDt; to the teDot aDd effect ofsaid promissory note 01' au)' part
<br />tbereof, oeofa btcadl.oe vioIatiooofu)'ofthe COYCIlIDtIoe qRCmeDU bereiD, bylbe putor. tbcD aDd ill tbatwe the wboleofsaid principal sum bereby
<br />IeCUtCd and tbe iD1ercst thcrcoo to the time oftbesa1c may II OIICC" II the optioa oltbc IepJ bokler lbercof, beoJmc due IDd payabJe,1ild the said property
<br />be aold in the IlWUltr IDd"wiJ!l.~ same dfcctas ifsaid iDdebtcd.Ilea bad matwcd" IDd that if(predo5uro be made by the PublicTrustce, aD IttorDey'l fee
<br />oftbe sum of doIIan
<br />fOl' aervka in the supervisioA of said forcdosurc procccdinp aha11 be a1lowcd by 1be hblic 1Nstco u I put of the cost olfom:lo5ure, aDd if (oredosuro be
<br />made tIuou&b the couru a rcuonable attorney's fee shall be tIUd by the c:oun u. part of the COlt oflUCb totedoauro ptOC.lCCdiDp.
<br />It II Flutber VIldentood aDd ApMd., tba1 if. rdwcoflhia deedof'tnIst if required. thepntorwi1l pi)' theexpelllC tbereot, tbat all theaJYaICDtlaDd
<br />qrec:meAU bereia ooDWned sha1l exteod to aDd be bindi.q 1lpOD the bein, penDI1IJ teplCSClUltives. Sua::essorl aDd assips ofthc rapectivc panics bemo;
<br />aDd that the sio&uIar Dumber shalIlodude the plural, thc plural the siquJar,llIll the use olaD)' acDder sbaU be Ipplicable to all aeDden.
<br />
<br />E..",
<br />
<br />
<br />""" April.
<br />
<br />'199~
<br />. UV7~
<br />Frances Green,
<br />
<br />~
<br />
<br />Mayor
<br />
<br />Anun
<br />
<br />anle
<br />
<br />o ey, Town C er
<br />
<br />.'Jt~"i~"",
<br />''''~'''.''''''''''<4'''''''
<br />/il "T411 ;'';:~~or~
<br />~ : ... ''0 : quntYot RIO Blanco
<br />~ ..... .~..') 11 .:.::.
<br />'-"..1.' .... , Ie. ..
<br />~ ~forqoiq-i~_~aclaaow1cd&cdbetORlmethis
<br />1, " ,', ~
<br />by :France-~'"'.9teen, Mayor and
<br />
<br />)~
<br />
<br />5lA-
<br />Daniel
<br />
<br />...
<br />
<br />"""
<br />Cooley,
<br />
<br />Aj>PH IY7
<br />Town Cler'::t
<br />
<br />.1994
<br />
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<br />
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