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auu~ vow ratito~v <br />~ ~ O~CIOCk P ~: MAR 3 0 1983 s; `xxre rn+nivta ao ~u3a •rnox <br />Recorded at ,,ouw+vo3x a~ a~r!c <br />MILDRED pl,$DORF~ RECORDBt <br />Reception No.~- <br />t;'i~'4 ;- ~ 2id'J`a <br />STATE OF COLORADO <br />MINED LAND RECLAMATION BOARD <br />a3n(a~~a <br />DEED OF TRUST TO SECURE FINANCIAL WARRANTY OR WARRANTIES <br />FUTURE ADVANCES <br />THIS DEED OF TRUST, made this 21sc~ay of <br />between <br />March 198 3 , <br />Mid-Continent Resources, Inc. <br />as grantor, whose address is: <br />201 Centennial Street, Suite 406 <br />Glenwood Springs, CO 81601 <br />County of Garfield and State of Colorado, and the Public Trustee <br />of the County or City and County in which the property described <br />below is situated, in the State of Colorado. <br />W I T N E S S E T H: <br />Grantor, to secure its financial warranty bearing even date <br />herewith, for the principal sum of <br />Seven Thousand <br />dollars ($7,000) payable to the order of the State of Colorado <br />Mined Land Reclamation Board, the beneficiary herein, whose <br />address is Centennial Building, 1313 Sherman Street, Denver, <br />Colorado, and to secure additional financial warranties hereafter <br />executed by grantor to said Public Trustee for the use and benefit <br />of said beneficiary, does hereby grant and convey unto said <br />Public Trustee the following described property, situate in <br />Carbondale, County of Garfield, State of Colorado, to wit: <br />Colorado Meadows Industrial Park. See detailed description, <br />appraisal and title insurance committment for this property <br />contained in Coal Basin Mines Reclamation Bond, File No. C- <br />017-81. This property, recently appraised at $2,300,000, <br />also secures the Coal Basin Mine Reclamation Bond of $1,9'70,148. <br />also known as street number 698 Merrill. <br />TO HAVE AND TO HOLD the same together with all appurtenances, <br />in trust nevertheless, that in case of default in the payment of <br />said financial warranty or any of said financial warranties, or <br />any part thereof, or interest thereon, or in the performance of <br />any covenant or condition set forth in any such bond or herein- <br />after set forth, then upon the beneficiary (bondholder) filing <br />notice of election and demand for sale, said public trustee, <br />after advertising notice of said sale weekly, for not less than <br />four (4) weeks in some newspaper of general circulation in said <br />county shall sell said property in the manner provided by law in <br />effect at the time of filing said notice and demand at public <br />auction for cash, at any proper place designated in the notice of <br />sale. Out of the proceeds of said sale said trustee shall retain <br />or pay first all fees, charges and costs and all moneys advanced <br /> <br />