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AO-XI-58
<br />(S61)
<br />r ~,
<br />692 Pns~'745
<br />bgethec with dl rents and other revenues thereof and all and aNpulw the laromente, hsredltmaenre ord appurtaiancwa W
<br />Ne above desatbed property Irelmginq, or In any wise appertainNg; Nduding mY after-ocqulred UBe, tranddae, licorice,
<br />or easement, and dao together with all dghb title and Nterest of Grmlor;~lrap tkoe;b,Lme;'dti,md b any and all bWldinga
<br />and fmProvemenre, healing, IlghlNg, plumbing, coakmg, ventllalNg, qtr oondiUmNg rmd.cptrlgeroling egulpmant, elswtme
<br />and motors, enpNes and madtlnery, sprinkler systems, Ice boxes; storm and screen doors, ecroena, awnings, wlndow~ ~i
<br />shades, Acet coverings, ilztures, egWPnrent and other DroperlY now w hereafter owrred by Grantor, or mY sucro6sor N
<br />title, and attached b, arrd usadN tmnecUen with the real estate hereNabove<deaQihed; pll ~o[~whleh Properly, together
<br />with mY and all replacements thereof, shall be deemed to be lixturea and m aeceanlm.b the Ireehold, and a part of the
<br />realty m batwem the parties hereto and all persona claiming by, Through oc urrder.thema•andielpl1 Ix deemed a portlonaf
<br />the security for the Ndebladness hereN mentlmed and secured by this Deed of Treat,,,and all o! the properly herelnhefore
<br />mentlmed 1s herematter.deslpnated ae "said Drcperry"; _. _..,...,._. nb ~'~=. G''`' - . ,.
<br />To Heve Aod To Ilold The Same to Trasl, Ilowever: : 9k:»
<br />Fm Tke Parpoee Of Secmixg: Fits[, payment of the indebtedness ~eWdenrod by a promissory
<br />- - ~ note-fond any extemlon or renewal thereo0, herelnobova desalted. ~ ~5n:, .n . '
<br />Semnd, payment by Grmta to Benefidary, as herein provided, of all amna expended or advmrod by Benefblay
<br />pursumt to mY term or provlaim of Ihla Deed oI Trml;, and Th(rd, petlamontR d each oov_errmrt ord. agre®rent of ,
<br />Grmtor herein cairobad. ~ . " .. ~., l:.i .... , , DJ-. ~ r . .
<br />Aod Crsmor Coveneap Aod Agrcee IYhh Tke SSevelldery That: ~ ._i 1..5 ~; , . . ~..
<br />J .
<br />1. Groilor is well setied of the sal d properly In tee simple, and has the right, powae and lawful authority to
<br />grant, bargain, sell and ronvey the same, hereby lolly and absolutely waiving and releasing dl rights and claims he may
<br />hove In of to sdd p[operty as a homestead exemption, or other exemptlm, order and by'vlrlue of my act d the general
<br />assembly of the Stara of Colorado now existing or which may hereafter be seed N reldlon thereto, and that the amne le
<br />tree and clear of all Mena and encumbrances whatever, eXCept a first Deed Of Trust in
<br />favor of Ralph E. Downing securing a Promissory Note with a balance
<br />due of $11,558.98. Said. Deed of Trust is dated May 2x 1957 and
<br />recorded in Book 566 at Page 125 of the Morgan County Recorderrs Offices
<br />and the sdd property In the quiet and Deaceable possession of Tmstee, agaNSl dl md'every perem IawfdlY clalmNg or
<br />to claim the wlale of my part thereof, Grantor shall and will wgnmt and forever defend.
<br />2. Grmtor wlll, while any of the indebtedness secured hereby remains mpald, ~ppY at least ten days bebre tMy
<br />bemne delinquent, dl taxes (both general and spacld), assessments and govemmentd.ehargea lawfully IeWed as
<br />assessed ppalnsl the said properly or any Dort Thereof; will Promptly famish the Benelldary or holder of the Ndeblednesa
<br />segued hereby the receipts showing such payments except when payments me made by Benetlt:ley as herelnatter providd;
<br />and will allow no payment of my taxes, msessmenis or govemmenlal charges tY a Ild[d parlyavlN.auhrogotlm attadrNg;
<br />nor pem:it the add prplrerlY, o[ any Pmt Thereof, to ba sold or br[elled to mY fox. maesament or govemmentd charge
<br />whamcever. Any lrregdarities ar deleds In Ne levy or msessment of foxes, asegsmgeny acrd ggvemrmntal daryen
<br />paid by the Benellclay are hereby expressly wdved, and receipt by Ilre Droper otilror shill ha carclmlve evidence boN
<br />as to the amoral and valid/ty d such payments. ~ ~ .
<br />3. Grantor will keep the bulldings and other Insurable DropertY. raw or heredter arectad_or Dlarod In of on add
<br />property, lnaured m required by Bmellciary agolnsl loss w damage by fire and other hmarda, meuolllen and ronlingen-
<br />clas, and will carry my other kinds o[ Insuranro in such amounts and br each periods m may from time to time ba
<br />required by Bmellclary, and not less than Ilve days prior to the ermirallm o!'my poltcY Of Nsuronro, Grmor wtll dellvat
<br />b Beceflclary renewd.or new pollctea in Itke amounts eoverisq the same dska. All Wurmro shall be roaled N Naur-
<br />mce compmles approved by Beneficiary, and the pallcles shall Include a provicim vaklnp lose payable b Benalidary
<br />as Ira Inremal may appeor. All pollclea of Inaurmro shall be dellverad to and held by BensOciary and Grmor wW goy
<br />promptly when due all premiums for each Inaurmce. Should my lose occur b lnaured properly, the Berretldary le hereby
<br />appdnled altomey !n fact for the Grmor to make proof of loss it Grmtor tape m do'so promptly, and b'rerolpt for my
<br />soma collected under acid Dolicies which said sums pr my part thereof, d the optlm o[ the baneticiary orgy be applied m
<br />payment on the Indehtednms hereby secured, or to the restordlan or repair of fhe property ra destroyed or damaged.
<br />Grmtor promptly will give notice by mail m henetictary of any loss or damage b the sold property and will not adlmt at
<br />eettle such loss without the written consent of Beneficiary, In event of loreelmure of this Deed o1 Trust 6y excretes of
<br />power o! sole or by court acUm, dl right, title and Interest of Crmta N and ro my Inaurmee policy then m brae shill
<br />pens b the pmchmer al the foreclosure sale and Beneliclary Is Hereby appointed gttomey N fail !or Grantor b ensign
<br />amt Umster sold polldes:
<br />4, Grantor will mamtam the sold property free frorq waste or nulamro of my kind and N good condiUm, and milts
<br />dl repalre, replaromenm, Improvements and addltlms which ropy ha necessary to Dreserve and mdntdn the said properly.
<br />and the value thereof; will comply with nil laws, ordinances and requldlms altectN9 sdd properly or lta use; will not
<br />alter, deeUOy trr remove mty rot the bulldings, Irnprovemenip or property covered by this Deed of Trusg or patmll fire some
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