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EXHIBIT 6 confirmation deed executed and recorded by the Public Trustee shall operate as a perpetual bar,both in law and
<br /> equity,against the Grantor and all other persons claiming the property,or any part thereof,by,from,through or
<br /> REAL PROPERTY TRUST DEED—COUNTY OF OURAY under the Grantor The holder of the note may purchase the property or any part thereof,and it shall not be obligatory
<br /> upon the purchaser at any such sale to see to the application of the purchase money
<br /> DEED OF TRUST
<br /> The Grantor covenants with and warrants to the Public Trustee,that at the time of the enseahng of and delivery of
<br /> these presents the Grantor is well seized of the lands,tenements and property in fee simple,and has good right,full
<br /> power and lawful authority to grant,bargain,sell and convey the same in the manner and form as aforesaid,hereby fully
<br /> THIS DEED OF TRUST is made this day of April,2023 between and absolutely waiving and releasing all rights and claims the Grantor may have in or to the lands,tenements,and
<br /> whose address is ,hereinafter collectively referred to as"Grantor,"and the Public property as a Homestead Exemption,or other exemption,under and by virtue of any act of the General Assembly of the
<br /> Trustee of the County of Ouray,State of Colorado,hereinafter referred to as Public Trustee State of Colorado or of the United States Congress,now existing or which may hereafter be passed in relation thereto,
<br /> WITNESS,THAT,WHEREAS,Grantor has executed a promissory note or notes,hereinafter referred to inand that the same are free and clear of all liens and encumbrances whatever,except
<br /> the singular,dated April_,2023,for the principal sum of and_/100 Dollars($ 00),
<br /> payable to the order of whose address after the date
<br /> hereof,with interest thereon from the date thereof at the rate of__percent(1/2 of 1°o)per annum payable The Grantor further warrants to the Public Trustee the quiet and peaceable possession of the property against all
<br /> due an payable in full on April_,20 persons who may lawfully claim the whole or any part thereof,and that the Grantor shall and will forever defend the
<br /> title to the property against such person or persons
<br /> AND WHEREAS,the Grantor is desirous of securing payment of the principal and interest of the promissory
<br /> Until payment in full of the indebtedness,the Grantor shall timely pay all taxes and assessments levied on the
<br /> note in whose hands soever the note may be, property,any and all amounts due on account of principal and interest or other sums on any senior encumbrances,if
<br /> any,and will keep all improvements that may be on the lands insured against any casualty loss,including extended
<br /> The Grantor,in consideration of the premises and for the purpose aforesaid,does hereby grant,bargain,sell coverage,in a company or companies,meeting the net worth requirements of the beneficiary hereof in an amount which
<br /> and convey unto the Public Trustee in trust forever,all of that property described on Exhibit A attached hereto. will yield to the holder of the indebtedness,after reduction by co-insurance provisions of the policy,if any,not less than
<br /> the then total indebtedness.Each policy shall contain a loss payable clause naming the beneficiary as mortgagee and
<br /> TO HAVE AND TO HOLD the same,together with all and singular the privileges and appurtenances shall further provide that the insurance may not be canceled upon less than ten days written notice to the beneficiary At
<br /> (hereunto belonging,in trust nevertheless,that a)in case of default in the payment of the note or any part thereof, the option of the beneficiary,the original policy or policies of insurance shall be delivered to the beneficiary as further
<br /> or in the payment of the interest thereon according to the tenor and effect of the note,or in the payment of any prior security for the indebtedness Should the Grantor fail to insure and deliver the policies or to pay taxes or assessments as
<br /> encumbrances,principal or interest,if any,or b)in case default shall be made or violation or breach of any of the the same fall due,or to pay any amounts payable upon senior encumbrances,if any,the beneficiary may make any such
<br /> terms,conditions,covenants or agreements herein contained,the beneficiary hereunder or the legal holder of the payments or procure any such insurance,and all monies so paid with interest thereon at the rate of eight per cent per
<br /> indebtedness secured hereby may declare a violation of any of the covenants herein contained and may elect to annum shall be added to and become a part of the indebtedness secured by this Deed of Trust and may be paid out of
<br /> publish the property for sale,and demand such sale by f ihng a notice of election and demand for sale with the Public the proceeds of the sale of the property if not paid by the Grantor In addition,and at its option,the beneficiary may
<br /> Trustee.Upon receipt of such notice of election and demand for sale,the Publ is Trustee shall cause such notice to declare the indebtedness secured hereby and this Deed of Trust to be in default for failure to procure insurance or make
<br /> be recorded in the recorder's office of the county in whn,h the property is situated any of the payments required by this paragraph
<br /> The Public Trustee shall then mail and publish a combined notice of sale and Grantor's rights in compliance If all or any part of the property or an interest therein is sold or transferred by the Grantor without beneficiary's
<br /> with Colorado law Such legal notice is to be published for four weeks(once each week for five successive weeks) prior written consent,excluding(a)the creation of a lien or encumbrance subordinate to this Deed of Trust,(b)the
<br /> in a newspaper in the county or counties in which the property is located A copy of the combined notice shall be creation of a purchase money security interest for household appliances,(c)a transfer by devise,descent or by operation
<br /> mailed to all persons entitled to receive notice as provided by law It shall then be lawful for the Public Trustee to of law upon the death of ajoint tenant,or(d)the grant of any leasehold interest of three years or less not containing an
<br /> sell the property for the highest and best price the property will bring in cash and to dispose of the property(en option to purchase,beneficiary may,at beneficiary's option,declare all the sums secured by this Deed of Trust to be
<br /> manse,or if permitted by 38-38-101(3)and elected by the holder of the evidence of debt secured hereby,in separate immediately due and payable Beneficiary shall have waived such option to accelerate if,prior to the sale or transfer,
<br /> parcels),together with all the right,title and interest of Grantor therein,at public auction at any place as may be beneficiary and the person to whom the property is to be sold or transferred reach agreement in writing that the credit of
<br /> specified by statute and designated in the notice of sale such person is satisfactory to beneficiary and that the interest payable on the sums secured by this Deed of Trust shall
<br /> be at such rate as beneficiary shall request
<br /> The Public Trustee shall execute and record a certificate of purchase to the purchaser of such property at such
<br /> sale,as required by law.Unless the property is redeemed,the public trustee shall execute and record a confirmation IN CASE OF ANY DEFAULT whereby the right of foreclosure occurs hereunder,the holder of the note or
<br /> deed to the holder of the certificate of purchase no less than ten business days after the date of sale or,if later,the certificate ofpurchase shall at once become entitled to the possession,use and enjoyment ofthe property aforesaid,and
<br /> expiration of all redemption periods and upon receipt of a written request for issuance of the confirmation deed and to the rents, issues and profits thereof,from the accruing of such right and during the pendency of foreclosure
<br /> receipt of all statutory fees and costs proceedings and the period of redemption,if any Such possession shall at once be delivered to the holder of the note or
<br /> certificate of purchase on request Upon refusal,delivery of such possession maybe enforced by the holder of the note
<br /> The Public Trustee shall,out of the proceeds of such sale and after first paying and retaining all fees,charges or certificate of purchase by any appropriate civil suitor proceeding.The holder of the note or certificate of purchase
<br /> and costs of making the sale,pay to the beneficiary hereunder or the legal holder of the note,the principal and shall be entitled to a Receiver for the property,and of the rents,issues and profits thereof,after such default,including
<br /> interest due on the note according to the tenor and effect thereof,and all moneys advanced by such beneficiary or the time covered by foreclosure proceedings and the period of redemption,if any,and shall be entitled thereto as a matter
<br /> legal holder of the note for insurance,taxes and assessments,with interest thereon at eight per cent per annum, of right without regard to the solvency or insolvency of the Grantor or of the then owner of the property and without
<br /> rendering the overplus,if any,unto those persons entitled thereto as a matter of law.The sale as evidenced by the regard to the value thereof Such Receiver may be appointed by any court of competent jurisdiction upon ex pane
<br /> Exhibit 1 Exhibit 1
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