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<br />eoc~ 652 eas~746 ~;:
<br />.~..
<br />A0.XI-58
<br />(S•61)
<br />to be altered, destroyed or removed, or used for any purpose other Than That for whlfi It Is~now r®ed, without flret obroln-
<br />Inq the permisalon N wrlllnq of the Bmeficlary, will complete In a good workmanlike mtmner any hullding whleh le befog
<br />or may be mnaWCtad or repaired !hereon; will pay when due all claims for labor performed and material lumished, and
<br />will not Dermlt any lien of mechanles or malerlalmen to attach to sold property. The Grantor will permit Beneficiary, Ile
<br />agents or reprosmrolives, to Inspect the sold property at any lime, and will txmplY with any requlrementa made by bene•
<br />tldmy with respect to the eaW ProPenY or the management thereat. - -''^`~~"'~'~ '
<br />6. Grantor will repay ro Beneflclar/, immedlalely and without demand, in lawful money of the UNled States of
<br />Americo, at Benaflclaryrs olilce In Denver, Colorado, all lands hereafter advanced by Benetiolary to Grmrlor a for the
<br />benalll or account of Grantor pursuant to any covenant or agreement mnlalned herein of for any purpose, wlfh Interest
<br />(hereon from date of advance until repaid, al the some rate as that rnrried by the pdnelpa( lndebtednesa as herelnb~(oro
<br />epeetlied, and will pay promptly when due and payable all Indebtedness evidenced by sold ogle.
<br />6. Grantor promptly will Day and settle or cause to be removed all claims agalnat any of the said property whltdt
<br />aitect [he rights of Grmrtor, Trustee, or Beneliciary hereunder and will appear In and defend mty action of proceedinga
<br />purportlnq to affect the lien of this Deed of Trust or the rights or powers of Granor, Trustee, or Beneflclary hereunder,
<br />and Grantor will pay all expenses Incident thereto.
<br />7. Grantor will maintain an accounOng system satisfactory to Beneflclary; will Blow Beneflclary ro'lnapecl al
<br />sty lime all records pertalnlnq to sold property; and will Iurnish promptly and fully at any lime, upon wtltten request and
<br />In ouch form as Bane4dory may require, certified audf is of Grantor's books of account with respect to sold property and
<br />any aid all addltlonal !n(onnatlon concerning sold properly and GranloPs business, past operollona and prospects.
<br />B. All judgments, decrees and awards for injury or damage to the said property and all swords pursuant to proceed
<br />toga for mndemnallon thereof are hereby assigned In their entirety to Beneficiary, who may amply the same to Ne indebt-
<br />adtress accrued hereby In surds manner as Il may elect, and Beneficbrry Is hereby authorized !n the name of Grantor to
<br />exearte and deliver valid acquittances for, and to appml Iromr soy such award, judgment a deaee.
<br />9. Benefldary may at any lime and without notice deal in any way with Grmdar, or grant to Grantor any lndulgenmo
<br />or torbearonces or any exlenslons of the Time for paynrem of any indebtedness secured hereby, or may release portlona of
<br />the sold property tram the lien hereof, without aUectinq Ibe personal liability of any person for the payment of the lndebt-
<br />edness secured hereby or the lien of this Deed of Trust upon the ramalnder o[ the said property for the full amount of the
<br />tndebtedness then remalning unpWd.
<br />]0. Every right and remedy provided in this Deed of Trost shall he cumulative of every' other rlghl or remedy of
<br />Beneflclary, whether heraln or by law conferred, and may be enforced conc•rnenlly therowtth; and no acceptance of the
<br />pertonnonce of any obligation as to which Grantor shall he fn delauh, or waiver of pertonnance o[ any obligation, shall ba
<br />construed as a waiver o[ the same or any other default Then, thereto or Ihereatler exlatlnq.
<br />11. in case of any default !n the payment of any of the installments hereby secured or In the perfonnanm of any
<br />obligation hereln'contatned, Trustee or Beneficiary shall be entitled to a receiver forsald property and of the rents, Issues
<br />and profits thereof, and shall be entitled thereto as a molter of right, without regad m the adveney of Nsolvency o! the
<br />Grmrtor or any person !table for any of said indebtedness, wftlroul regard to the value of sold property or other grounds
<br />for extraordinary rellet, and such receiver may he appointed by any court of competent jurtsdic4an opal ex Darts appllco-
<br />lion, and without notice to the Grantor or any party claiming under him (such notice being hereby expressly waived), and
<br />all rents, Issues and pro[Ita, income and revenue of and born sold property shall he ~plled and ammnled !or as such
<br />mart may direct; and In connection wllh the atoresald proceedings, a it Benellclar; shall bring or defend cry other action
<br />to protect or eatabllah any of Ica rights hereunder, the Grantor will pay, in addition to costa and dls6ureements allowed by
<br />law, the reasonable costa of hringlnq or de(endlnq any such acdon, Indudmq reasonable atloreey's tees, all of which
<br />shall he added to the Indebtedness secured hereby.
<br />12. Time Is the essence hereof and If default be made in the performance of any covenant or agreement of Grantor
<br />heraln contained or In making any payment under sold note- (a any ezlensim or renewal Ihereoq or as herein Drovlded;
<br />or I[ any poly (table for the Ndebtednesa secured hereby (Iles a voluntary petition In badcruptcY, makes on aselgnmerlt (or
<br />the henetlt of any creditor or be declared bankrupt or Insolvent; or it a debtor's or creditor's Detltlon, 41ed pureuart to lira
<br />provlalons o! the Bankruptcy Act, as amended, aftectinq the said properly, be approved; or, 1f the said property ba placed
<br />under mnuol or In custody of any court; or it the Grantor abatdan any of the sold Dtoparly;~thm In any of sold events
<br />B'anellclary la hereby auiltarlxed and errpowered, a, tts option, without notice and wllhottt atleetln9 the Ilan hereby
<br />eceatsd, or the Dtlorlry of sold Ilan or any right of Beneflclary hereunder: ~'
<br />(a) To perform any such defaulted covenant or agreement to such extent as Bene[Idary ahdl determina, and enter
<br />upon the sold properly, Inspect, repair and malntaln the same and perform such other acts thereon as Beneflclary ahdl
<br />deem necesaory and advance such moneys as Beneliciary shall deem advisable for cry of the otoresald purposes, and all
<br />tnoneye eo advanced by Bendldary, wllh lnterect thereon from date advanced until repaid at the same rata as that coaled
<br />by the principal lndebtadnass as hereinbalore apecltlad, shill be secured heroby, and.ahdl be repaid prorr~tly wllhout
<br />demand, but nolhlnq heraln mnlalned shall be construed as requlrlnp Beneliciary to advance money for any of the a[ore•
<br />sold puryoaes, and Beneflclary shall have dra right to lake posaesalon of the sold properly cold collect the rents, Issues
<br />and Drollts lherelrom old t>aply Ure sane, less reasonable tests of mllec4on, Imon the lndebtttdrtesa hereby secured, tmd
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