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EXHIBIT 7 the date of sale or,if later,the expiration of all redemption periods and upon receipt of a written request
<br /> for issuance ofthe confirmation deed and receipt of all statutory fees and costs
<br /> REAL PROPERTY TRUST DEED—COUNTY OF SAN MIGUEL
<br /> The Public Trustee shall,out ofthe proceeds of such sale and after first paying and retaining all fees,
<br /> DEED OF TRUST charges and costs of making the sale,pay to the beneficiary hereunder or the legal holder of the note,the
<br /> principal and interest due on the note according to the tenor and effect thereof,and all moneys advanced
<br /> by such beneficiary or legal holder ofthe note for insurance,taxes and assessments,with interest thereon
<br /> THIS DEED OF TRUST is made this_day of April, 2023 between at eight per cent per annum,rendering the overplus,if any,unto those persons entitled thereto as a matter
<br /> ,whose address is ,hereinafter collectively of law.'The sale as evidenced by the confirmation deed executed and recorded by the Public Trustee shall
<br /> referred to as "Grantor,"and the Public'Trustee of the County of San Miguel, State of Colorado, operate as a perpetual bar,both in law and equity,against the Grantor and all other persons claiming the
<br /> hereinafter referred to as Public Trustee. property,or any part thereof,by,from,through or under the Grantor The holder ofthe note may purchase
<br /> the property or any part thereof,and it shall not be obligatory upon the purchaser at any such sale to see
<br /> WITNESS, THAT, WHEREAS, Grantor has executed a promissory note or notes, hereinafter to the application of the purchase money
<br /> referred to in the singular,dated April_,2023,for the principal sum of and_/100
<br /> Dollars ($ 00), payable to the order of whose address The Grantor covenants with and warrants to the Public Trustee,that at the time of the ensealing of and
<br /> ,after the date hereof,with interest thereon from the date thereof at the rate delivery of these presents the Grantor is well seized of the lands,tenements and property in fee simple,and
<br /> of percent(1/2 of 1%)per annum payable due an payable in full on April_,20_ has good right,full power and lawful authority to grant,bargam,sell and convey the same m the manner and
<br /> form as aforesaid;hereby fully and absolutely waiving and releasing all nghts and claims the Grantor may
<br /> AND WHEREAS,the Grantor is desirous of securing payment of the principal and interest of the have in or to the lands,tenements,and property as a Homestead Exemption,or other exemption,under and
<br /> promissory note in whose hands soever the note may be, by virtue of any act ofthe General Assembly ofthe State of Colorado or ofthe United States Congress,now
<br /> existing or which may hereafter be passed in relation thereto,and that the same are free and clear of all hens
<br /> The Grantor, in consideration of the premises and for the purpose aforesaid,does hereby grant, and encumbrances whatever,except
<br /> bargain,sell and convey unto the Public Trustee in trust forever,all of that property described on Exhibit
<br /> A attached hereto )
<br /> TO HAVE AND TO HOLD the same, together with all and singular the privileges and The Grantor further warrants to the Public Trustee the quiet and peaceable possession of the property
<br /> appurtenances thereunto belonging,in trust nevertheless,that:a)in case of default in the payment of the against all persons who may lawfully claim the whole or any part thereof,and that the Grantor shall and will
<br /> note or any part thereof,or in the payment of the interest thereon according to the tenor and effect ofthe forever defend the title to the property against such person or persons.
<br /> note,or in the payment of any prior encumbrances,principal or interest,if any,or b)in case default shall
<br /> be made or violation or breach of any ofthe terms,conditions,covenants or agreements herein contained, Until payment in full of the indebtedness,the Grantor shall timely pay all taxes and assessments levied
<br /> the beneficiary hereunder or the legal holder of the indebtedness secured hereby may declare a violation on the property;any and all amounts due on account of principal and interest or other sums on any senior
<br /> of any ofthe covenants herein contained and may elect to publish the property for sale,and demand such encumbrances,if any;and will keep all improvements that may be on the lands insured against any casualty
<br /> sale by filing a notice of election and demand for sale with the Public Trustee.Upon receipt of such notice loss,including extended coverage,in a company or companies,meeting the net worth requirements of the
<br /> of election and demand for sale,the Public Trustee shall cause such notice to be recorded in the recorder's beneficiary hereof in an amount which will yield to the holder of the indebtedness,after reduction by co-
<br /> office ofthe county in which the property is situated. insurance provisions ofthe policy,if any,not less than the then total indebtedness.Each policy shall contain
<br /> a loss payable clause naming the beneficiary as mortgagee and shall further provide that the insurance may
<br /> The Public Trustee shall then mail and publish a combined notice of sale and Grantor's rights in not be canceled upon less than ten days written nonce to the beneficiary At the option ofthe beneficiary,the
<br /> compliance with Colorado law Such legal notice is to be published for four weeks(once each week for original policy or policies of msurance shall be delivered to the beneficiary as further security for the
<br /> five successive weeks)in a newspaper in the county or counties in which the property is located A copy indebtedness.Should the Grantor fail to insure and deliver the policies or to pay taxes or assessments as the
<br /> ofthe combined notice shall be mailed to all persons entitled to receive notice as provided by law It shall same fall due,or to pay any amounts payable upon senior encumbrances,if any,the beneficiary may make
<br /> then be lawful for the Public Trustee to sell the property for the highest and best price the property will any such payments or procure any such insurance,and all monies so paid with interest thereon at the rate of
<br /> bring in cash and to dispose ofthe property(en masse,or if permitted by 38-38-101(3)and elected by the eight per cent per annum shall be added to and become a part of the indebtedness secured by this Deed of
<br /> holder of the evidence of debt secured hereby,in separate parcels),together with all the right,title and Trust and may be paid out of the proceeds of the sale of the property if not paid by the Grantor.In addition,
<br /> interest of Grantor therein,at public auction at any place as may be specified by statute and designated in and at its option,the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be
<br /> the notice of sale. in default for failure to procure insurance or make any ofthe payments required by this paragraph
<br /> The Public Trustee shall execute and record a certificate of purchase to the purchaser of such property If all or any part of the property or an interest therein is sold or transferred by the Grantor without
<br /> at such sale,as required by law.Unless the property is redeemed,the public trustee shall execute and beneficiary's prior written consent,excluding(a)the creation of a lien or encumbrance subordinate to this
<br /> record a confirmation deed to the holder ofthe certificate of purchase no less than ten business days after Deed of Trust,(b)the creation of a purchase money security interest for household appliances,(c)a transfer
<br /> by devise,descent or by operation of law upon the death of ajoint tenant,or(d)the grant of any leasehold
<br /> Exhibit i Exhibit 1
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