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Oct • 9B OB: 4Ba .john F. Stegner • 970 498 9307
<br />l Intil payment in full of the indebtedness, the anptor shall timely pay all uxn a~ assessmepu levied an the property;
<br />any and all amounu due on attaum of principal and interest or other wens oe any senior eocvmbran<es, if any; and wilt
<br />keep all improvements oo said lands io good repair insured agaimt any casualty Toss, including atended tovenge. by a
<br />company or comWnin mewing the ncl worth requircmmu of the beneficiary hereof in an amount not less than the then
<br />enrol inde6tednesa, including senor encumbnpen. F~ch poliq~ shall mnuin a loss payable clause naming the beneficiary
<br />u mortgagee and shall further Drovide that the irtsttrance may pot be angled upon less than ten days written notice to
<br />the beneficiary. At the option of the beneficiary, the original policy or policies of ituunnce shall be deltvercd to the
<br />heneficiary u further setssriry for the ipdebtedana ShoWd the tpeator Lail to inwrc and deliver the policin or to pay
<br />roan or uuuments u the same fill due, or Io keep the Dropeny ip goad repair. ar to Dry any amauats payable upon
<br />senior encumbrances. if any, the benefiriary tltry make wc6 repairs ar any such paymenu or procure any loch inwnpa
<br />without bang required to do so, erd all monies so paid with inumr thereon at Ito me of 10 %per onnum shall
<br />be added to and become a part of the indebtedness seared by this Deed of 7rtsn and tp,y be paid out of the proceeds of
<br />the sale of Ne property, if got paid by the gnamr. la additioa, and at its opUoA the beneficiay may dafarc the indebted-
<br />nea secured hereby and this Deed of Twat to be in de(aWt for failure to procure insurance or make any paymcros or
<br />rcDain required by this WragraDh.
<br />If alt or any pan of the Dtopmy or so imernt therein is sold or tnnsfened by the grantor without beneficiary's prior
<br />written maupt, excluding (a) the cteatiap of a lice or encumbrance aubordimte to this Deed of Truest, (b) the erotica of
<br />a Durchase money security ipternt for househDld appliapas, (c) a uamfer by devise, desan[ or by operation aC law upon
<br />the death of a joint tenant or (d) the gram of any leasehold ipternt of throe years or less not wnuiping an optiop to
<br />purchase. berxfiriary may, at ben<ficary i option, declare all the sums secured by this Decd of 7wst to be immediately
<br />due end payable. Beaefiuiary shall have waived wch option to accelerate iC, prior m the sale or transfer, beneficiary and
<br />the perwn to whom the property is to be sold or transfened rack agreemept io writing that the vedit of such person is
<br />satisfactory to beeefiriary gad that the interest Dayable op the sums second by this Deed o(Trun shall be at such me u
<br />beneficiary shall request
<br />AND THAT IN CASE OF ANY DEFAUL'~ Whereby the right of forxbsurc oaun hereunder, the Public Twstce or
<br />the holder of said nose or certiftnte of purchase, shall et ono became epUUed to the possession, use and enjoyment of the
<br />property aforesaid, and m the repo, issue end Drofits Usveof, from the sawing of wc6 right and during the pendency of
<br />foreclosure proceedings and the pttiod of redempUoo, if any there be: gad wch ssosseuioa shall at ono a dclivved to
<br />the Public Twstce or the holder of said pole Or anifinte a(purchase w request, and op refuel, the delivery of such
<br />possession may be enforced by the Public Twstce m the holder of said anti or cenifinte of punhase by goy appropria[e
<br />rivil suit or proceeding, and the Public Trustee, m the holdtt of aid Dote or artifiate oC purchase, or espy thcrmf, shall
<br />be mtiUed to a Receiver far said propmy, and of the rents, issue apd Drofits therm( after sucb defaut, ipcluding the
<br />Ume cowed by foeclosurc proaedipgs and she period of redemption, if any share be, end shall be entitled thereto u ^
<br />mater of right wi1hM teµrd so the solveary a irssdvrnry of t6c grantor a of the thep owtKr of said property apd
<br />without regard to the value thereof, end wch Reaivv mry be appointed by any coon of wmpemnt jurisdivion upon tt
<br />pane aDp6ntion and without poba -nova being hereby expressly waived -and all tenu, issue and psofiu, income
<br />and revenue therefrom shell be eppGcd by wch Receiver to 16c paymem of the indebtednns hereby soured, according m
<br />the law and the orders and dircctiops of the cmut
<br />AND, That in cue of default in any of said paymenu oC principal or interest, aaording to the repot and eRect of said
<br />promissory pore aforesaid, or any of them, or my pert thereof or of a breach or violasiop of any of the emenapts or
<br />agreements herein, by the gsaplor, his pcrsonil representatives or assigns, then and in that rase the whole of said Drincipal
<br />sum hereby secured, and the interest thercop to the time of the sale, may at ono, at the option of the Icgal holder thereof.
<br />become due and payable, and the said property be sold in the manner and wish the same edm u if said indebtedpess had
<br />matured, and Char i(foreclosure be made by the Public Twsra, an attorney's fcc of a teas cnah 1e atnonnt
<br />for services in the supervisiop of said foreclosure Droceedipgs shall be
<br />a0owed by the Public Twstec a, a pan oC t6c cost of foreclosure, and if foralosure b< mane mrough the coups a
<br />reasonable attorney's foe shall be razed by the noun as a part of the cost of such foreclosure Droceedtogs.
<br />It is further expressly uedentood gad agreed that all the covenants gad agreemenu herein contained shall extend to
<br />and Fx binding upon the heirs, personal represcntativu, suacswn and assigns of the rnpmive Dania hereto. Whenever
<br />used, the singular number shall include the plural, the plural the singular, and the use of any gender sha0 be applicable to
<br />ell genders.
<br />Executed this G7~ day of (~.'i~4'C ~ti~
<br />arlnT:
<br />Sete of Colorado
<br />u.
<br />County of
<br />Thr Wrcyn~eg mwvmsri va• ~; tea, kd„J `a`cre m..• mi.
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