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<br />257486 B-524 P-980 06/10/96 11:03A pa 1 OF 2 REC DOC
<br />NANC,y R. AMICK STATE OF COLORADO .' TY
<br />OF RIO BLANCO 11.00
<br />DEED OF TRUST
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<br />THISINDENTURE,Madcthis 27th day of April ,19 94 ,between
<br />The Board of Trustees of the Town of Rangely,
<br />a Colorado statutory town,
<br />whoICaddtessis
<br />209 East Main Street, Range1y, Colorado 81648
<br />hereinafter referred 10 as srantor, and the Publio:: TI1IStCe oflhc -Cowrtyof
<br />Rio Blanco ,StatcolCWorado,bcreinafterrefcrrcdtouPublicTrwlee,
<br />WITNESSETH. THAT. WHEREAS.
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<br />CO;py
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<br />has uecutod . promissory note Of notes, bercin.rtu referred to in the Iin&ulat. dated . fOf the
<br />pri,op.h"""r Thirty-Four Thousand and no/100 ($34,OOO.00)-----------00IW1,
<br />,.,.'>1",.".,,,,,,,rThe State of Colorado, for the use and benefi t of the
<br />Department of Natural Resources (Colorado Water Conservation Board)
<br />WOO"......... 721 State Centennial Building, 1313 Sherman Street,
<br />Denver J Colorado 80203 af\erthe datcbereof,with inlerestthctcoDfromthcdatctbereof
<br />atthcratcof 4. 5 pcrccD~pc:rlJU1wn.pay.blc in two annual installments.
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<br />Lot 1 and Lot 3 of the Jim Purdy Estate Subdivision
<br />according to the Plat thereof, as.the same was recorded
<br />March 10, 1989. as Instrument No. 236112, in Rio Blanco
<br />County, State of Colorado.
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<br />~awua>>11fIB[HXXX)t
<br />TO HAVE AND TO HOlDtbeumc, to;etherwith a1laadJin&ular tbcprivilepandappwteUDCCI thereunto btkmaioI: La trustncverthclcss. that
<br />incase oldcfault in tbc paymentoluid QOtc DeIDy part lbcRof; or ill the paymeutoftbc interest thCfCOD aa:onfu!a tolbc teuor and dfcct ofsaid 1lOte,0C' m
<br />the paymeDlofUlY priorCDtWIbraDOCS, princiPal or inten:st, UIlDY, or ia cue dclauk shall be made in or int:asc ofvio!alioD or breach of any of the terms,
<br />eooditioos. covenaD1S OIl ~ haei.n axuaiacd, tbc beDeiciary bcmmder 01' the Iepl holder of the iadcbtcdDeu secured ~by may declare a
<br />violation of any ofthc coYenatlU butin ~ aDd may dcct to advertise said property for We, and demand such sale by filina a ootice ofdcctioD aDd
<br />demand for sale with the Public 1Tustce. Upon ~ olaucb DOticc ofckction and demand for sale, the Public Thlskeihall cause a copy of the WDC to be
<br />recorded in the R:COIdcr'I olficc 01 the county in whicb laid property is lituatcd. The PublicThlstcc Ih.WJ thcD live public DOticc of the time aod place ofsale
<br />by advertisement to be publisbed for four weeb(oocc each wcdr. for five 1l1OCCISiw: weeks) in IOme ncwIpaptI' of pmU circulation at that time publisbed
<br />in the c:ount)'oroountie:s in which laid property i.slocatcd. A copy of such notice aball be maiIcd within tea da)1 aftcrlbc date oCtbe lint publication tbucor
<br />to the FaD10J a1 thc addrcu liven bcreiD.1o IUCb pcl'IClQI appcarin&1o have acquind a subsequent rccon1 in1Crel1 in laid property at the addrcu liven in thc
<br />recorded instrumwt, and to any other pctSOIIS.. may be provided by la......lt IbaU aDd may tbca be lawCul for the Public 1hIS1ec to leU said property forthe
<br />hiabcs1 and best price 1bc1llDCwi1l briDa inca&b and to dispQIC ofw lIlDC(cn maucor in lepante paroclI, u Ibc I&id Publicliultcc may 1h1nk best),
<br />IOJe1bcr wim aU the ri&ht, title and Interes1 ofthQ panter 1hcRiD, a1 public suctioa at ID'J place II m&'J be lpecified by w.tute aDd dcaiIJIated ill the D01icc of
<br />saIc. The Public 1hIS1ec ihaIl make aod liYC 10 the pun:haser of luch property at IUCb IIl1e. a ce:nificate in writina COlIWnin&; a description of such property
<br />purdwcd; the sum paid 1baefor; a ItatelDCDI thai laid pwd:Iascr IhaI1 be entitled 10 a deed lbcrefor, uDlcu Ulc IIlDC IhaI.I be redeemed II is provided by
<br />Iaw;and in the cvmtofac:ontiDuancc oftbe sale. a recital that the salewu dulycoatiaued. The PubticTrustee sba11, upondcmand by me person hold.inl; the
<br />said ccniDca1e ofpurchue......beQ said delnl.Dl1 q made or upon dcltLlDd by the perIOD entitled to a deed 10 and fOl the property pun;:bucd al the time luch
<br />delDlDd is made, the time forrcdcuiption bavil14 expiRd. make and Q.CCUte 10 IIICh penon a deed 10 the said property pu.tthascd. Said deed shall be in the
<br />ordilW)" form of a COIMyUlCC. and shaJJ be 1i&Dl:d, ackoowlcd&cd aDd ddivcrcd by the IBid Public 1hLslce an4 ihaIl confirm thc foreclosure sale aad sell and
<br />convey 10 web pcnoo cntitled 10 sucll deed, Iht property pu.rd1ascd u afOtCllid and aU Ibc riJbt, tillc. interest, bcnc6t and equity olrcdcmptioD of1be
<br />grantor therein. The Public Tf\lS11lC shall, ou1 of thc proceeds 01 avails ollllCh sale, after lim payiq and retainin& aU fees. char&cs aod COIU of makiq said
<br />sale. pay to Ibc bcneliciary be:reundcrorthe IcpI bolderofsaid Dote,. the principal aod mlCrCSl due 011 said DOte IloCCOrdina 10 the tel10l aad effect thereof, and
<br />aUlD04C)'Iadvaoccdbysucl1beneficiaiyorlcplbolderofsaidnoteforinsuraDoc,wesaodasscssmenu,withinlemt.me:reonat 9.0 pcrc:eDlper
<br />1JlI1lim, rcnderina: tbcoverplus, UIDY, unto 1host penom cntit1ed tbcreto as a mattefofla...... Said sale and said deed 10 made shall bea pcrpctual bar, bntb In
<br />Ia..... and equity, apiJut theJCl.DlOrand aU otherJ;lCtlOOldaimiq!be said property, 01 any parl1bcreof, by, from, Ihrou&h or under lbe: &rItltor. The bo!derof
<br />said note may putd1asc said property or any pattlbmof; and it shaJJ DOl be obliptory upon tbc pwcbascr at an'J such sale to ICe to tbc application of the
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<br />.lfiDOeItvet,inscrt"'Cityand".
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<br />No. J4tA. Rev. 12-92. DEED OF TRUST (PlIllIk 'hItft) WU1a DIll 011 SaJ. CIAH 0
<br />Bndlord l>ubIishiDi,170 Wa=: Sl., DenI'U" ro 10202 -(30l) 292.2SOO- 1-93
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<br />EXHIBIT C
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