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<br />DEED OF TRUST
<br />THIS INDENTURi hfsde ,hi.
<br />301P4 say nr December .19 97 ,he„teen
<br />J Douglas Sheehan and Glynda S. Sheehan, husbaad aad
<br />wife
<br />•+hoes antritis b PO Box 55, Slater, Coloradc 81653
<br />heninalkr refereed to as grantor. and sed Public Tnnt°e ..f the
<br />*County of
<br />Moffat Stale of Colorado. hetetnaller mferrol to as Public Trustee.
<br />WITNEgSEk7i, THAT. WHEREAS. J Douglas Sheehan and Glynda S.
<br />Sheehan, husband and wife,
<br />has executed a pt°ndsaory note or noses, heseleaAer referred to M the situp:inn dated
<br />principal sum of Ninety Thousand and no/100 —
<br />U: 1.3Id r, ey
<br />December 30, 1997 ,house
<br />Sheehan Ranches Limited Partnership.Do1hes, payable to the order of
<br />whose.ddress k PO Box 27, Dixon, Wyoming 8232gming Limited Partnership
<br />after the date hcreuf, with interest thereon Nom the date th_re°f
<br />at the ram of seven percent per annum. payable in twenty (20) annual installments of
<br />Eight Thousand Four Hundred Ninety—Eight Dollars and 32/100 ($8,498.32),
<br />beginning December 30, 1998.
<br />AND WHEREAS, The grantor Is desirous of Seeming payment of the principal and Interco of said pnuolwcory note w whose hands sower the said
<br />nose or any of than may be
<br />NOW THEREFORE. The armor. in crasidcratinn of, he termites and for the porpna aksesrid. Jinn
<br />unto the said Public 'Thome in trust forever, the kulowin describedhereby pram. bargain. sell end crummyof
<br />a property.. situua in the
<br />COY n•y of
<br />Moffat ,Sl ter,fCnh,ndo.ai]w; as described on Exhibit "1” attached
<br />hereto and made a part hereof by this reference.
<br />also known by steer and number as
<br />incIt)H efEANOlteOH�Mthessmo.ugetberwnhullandul%uIw,hep,fvikFesandappssi,macesthereumobelong t_. In Trustnsvcrheku.that
<br />gild _ payment of said noteoranyofthem.oranypantherrnf.otinthepaymentoldieinteresteherton.accoA tuthe temar.adeffectof
<br />or bread or ydihau.orinthe pgymemofattyprior encumbrances, principalorinterest.ift ng
<br />sec orad hereby of the terms. conditions, eonyenmus or agreements herein contained. the ben li y hereunder or the legalud! be �holder of ease of mutation
<br />die indebtedness
<br />may declare a vlota,ion aranycif the covenants h_retacoauined and elect toadsenlsesaid
<br />uponf gndkeofsuchelectionanddemandforsalewiththePublicTrustee,mhoshalluponrecdpto(atcht iceofffcloch saddemaandforsalecause
<br />lase of thhee sante to be recorded to the nx'order s office of the county In which said seal estate is situated. b shall and may, be hawf.d for the Public 'Nuke
<br />sport of the same (=muster temperate parcels. rade said Public Trustee rrtay think bestl and all the right, this aad frtaest of the grantor,
<br />his heirs or assigns therein, at public auction at the (met door of the Court Sinew, In the County of Mo f fa t
<br />. Stare of Colorado, or cc said premises, many pert thereof as may be spectflcd In the nutlet of saki salt, fur the highest end best
<br />stone wiflhrhng in cash, firm weeks public notice havingI
<br />been previously given of the time and place of such sale, Price the
<br />newapeperof general circulation at that rine pyuubthlcit la said Countyof arfvwhich l eat, weekly,bailh In sorters
<br />within len daryys front the date of the (!rot publication dentis ,o the fonton at theef address herclu phren and to such ion PI
<br />1 acquired a st,hsequetets a copy of which tunic: shad be nailed I
<br />acqu ire Then sit it ratite shel l bo mailed Io said
<br />ihe teal
<br />estate as st seat, nsoda, ressedia alai gine k e recordediven in the parch instrument:
<br />pmep�nrcly ufsu countyy sl su s stile
<br />is givering to the t !
<br />bo certilkates In writing describing suchpmpenv purolsased. amt the sunsarsum, paid tlsesefetr. atsJlbs tinge whet, the and shtk b given a the I
<br />personC idrxlthoeto)/Aajibe[snnedrgaddaadordoedsitscrafar.udes.,thr,ynteshallbe sw;smyatsudtsrtaaecr.diete
<br />upoa dermad by the person or persons holding the sant c rtlflcla r rsntlI , fp aedchen s as d of to t h f 0f yqmtsfiaoen a prIso r I
<br />entitled to adeed toand fortis[ rturettime
<br />when sde pt amisdvi til cs a� grid P nde ecu t such.
<br />property purclulscd, u the tante such donna: is mt,de, the rine fur redemption (satin expired, �nund by the person
<br />person or person a deed or deeds to the said p ry purchased, which sa:d deed or deeds shall be in the 1
<br />maned, acknowlespgad and delivered by the saW b: c •hurter and shall con 8 Pfd, make anticndeed. to such
<br />pro n y Pu at aforesaid and all due right, title, i.tercs,, betted aad Conroy
<br />hen of he grantor his and aha shall be
<br />tsetse the sum or stems for [whichsaid the saidey (grant r. israoos and ass m such rein. due Said
<br />thcaod and to case s anr assignment poperty was sold and shall tater to the pe..era sale therein communed. and to thesate sir assigns
<br />aid virtue
<br />' encumbrance, such assignmet or red hie deli also be inferredtoiin mach kdOr deeds; but the notice of sale
<br />Jixds and the Public Ttuaee shag. ion ol�oravals purchase.rr in ease of the redemption or such popanY, by a subsequent
<br />pay to the benePMsry hereunder or the legal pholderof wild tune the princlutch cate. after1pal and Miens paying.
<br />s and
<br />note all foes. chattered not be set out s of such a dealt,
<br />moneysectioncedby ailt,Ineresccording oth`e`seIsmaMefYatMt Nee
<br />antra, such beneficiary bo kph hdJw or said Hoot for insurance. rases and ayscsancnk, aids interest thereon tat and all
<br />perpetual bah In ° eipl t. If
<br />ny, unto the grantor, his legal rep t:small= nr assigns; which sale or sub Peccant per
<br />perp. ual be. bounder toe equity.spina the grantor. his heirs and bowers, sad alt other persons claimingMe said dried
<br />stair ), p abaft by
<br />cwtbehro grantor, or any of them. The holder or holders of said nose or notes may purchase sd z: l Pr1tentiles b l
<br />nee be that t grantee his purer or Wrchssers et any such sale to tee to the application oldie P' pat) °r
<br />g•heirs or assign. will pay the expense therm(.purchase trsortry,l a release part
<br />rotobed shalli[ Is
<br />*if in Deaver, insert "City and.••
<br />Na. 3a5A. Rev. 244, bUtt OF MST (Bottle ]!aunt with Dee no Sale Chase
<br />seaas��sa�
<br />andiwd Ntsessns,. site W. ed. Ars., Laksarend. pp PN
<br />ttt2te.� (let) ]r}aamp
<br />W1,en receded, rcttrn to
<br />
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