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233 24.2. If a Transfer occurs and should Lender not exercise Lender's option pursuant to this §24 to Accelerate, <br /> 234 Transferee shall be deemed to have assumed all of the obligations of Borrower under this Deed of Trust including all sums secured <br /> 235 hereby whether or not the instrument evidencing such conveyance,contract or grant expressly so provides.This covenant shall run <br /> 236 with the Property and remain in full force and effect until said sums are paid in full.Lender may without notice to Borrower deal <br /> 237 with Transferee in the same manner as with Borrower with reference to said sums including the payment or credit to Transferee of <br /> 238 undisbursed reserve Funds on payment in full of said sums, without in any way altering or discharging Borrower's liability <br /> 239 hereunder for the obligations hereby secured. <br /> 240 24.3. Should Lender not elect to Accelerate upon the occurrence of such Transfer then,subject to §24.2 above,the <br /> 241 mere fact of a lapse of time or the acceptance of payment subsequent to any of such events,whether or not Lender had actual or <br /> 242 constructive notice of such Transfer, shall not be deemed a waiver of Lender's right to make such election nor shall Lender be <br /> 243 estopped therefrom by virtue thereof. The issuance on behalf of Lender of a routine statement showing the status of the loan, <br /> 244 whether or not Lender had actual or constructive notice of such Transfer,shall not be a waiver or estoppel of Lender's said rights. <br /> 245 25. Borrower's Copy.Borrower acknowledges receipt of copy of the Note and this Deed of Trust. <br /> 246 <br /> j 247 EXECUTED BY BORROWER. <br /> IF BORROWER IS NATURAL PERSON(s): <br /> doing business as <br /> IF BORROWER IS CORPORATION: <br /> ATTEST: <br /> Name of Corporation <br /> By <br /> Secretary President <br /> (SEAL) <br /> IF BORROWER IS PARTNERSHIP: <br /> Name of Partnership <br /> By <br /> A General Partner <br /> IF BORROWER IS LIMITED LIABILITY COMPANY: Luke the Duke,)-LC <br /> Name m' is ompany <br /> By <br /> is AuthorizdB Kepresent 'e ` <br /> f <br /> f Title of AuthorizeIrReprcsenitafivo <br /> STATE OF COLORADO <br /> COUNTY OF LA PLATA <br /> The foregoingg instrument was acknowledged before me this 13 th day of June ,20 12 by <br /> • JOHN AVERY AS MANAGER OF LUKE THE DUKE LLC <br /> Witness hat and offic-I se'a� J <br /> GENNY L SMITH My co 'i OWexpires: '' 0 /24/13�'`.�'" <br /> NOTARY PUBLIC,STATE OF COLORADO <br /> o ryemfic <br /> 248 *If a natural person or persons,insert the name(s)of such person(s).if a corporation,dns�ort,f r example,"John Doe as President and Jane Doe as <br /> 249 Secretary of Doe&Co.,a Colorado corporation"if a partnership,insert,for exam le."Sam mith as general partner in and for Smith&Smith, <br /> 250 a general partnership."A Statement of Authority may be required if borrower is a Cited liability company or other entity(§38-30-172,C.K.S.) <br /> TD72-9-19. DEED OF TRUST(Due on Transfer—Strict) Page 5 of 5 <br />