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CANYON RIM STONE QUARRY
<br />Attachment 7
<br />Sowce of Legal Right-to-Enter -
<br />~_..Recetded ae i1:i7A.~1. ,: ol+enber 25, .1991
<br />AeC Nn. 59421 Ee .. and Ger,zales, Ae c. .der
<br />G E E D O F T R U S T
<br />(Due Or. T[3 :Stet - Stricti
<br />THIS DEED OF TRUST is made this 19TH day of NOVEMBER, 1991 , between EVERETT. JACMSDil, JR
<br />and F*~OPENCE ~!. ,TAC:(SON
<br />(Borrower),
<br />whose address is 27500 CO.i:U. 263, ri_^S CO 61059 and the puhlic Tru s+ee of thu Couuty in
<br />which the Property (see paragraph 1) is situated (Trustee); for the benefit of PATRICIA
<br />HOLLIS, SID HOLLIS AND CINDY Y7EIR, IN JOINT TENAI7C'y .ender), whose address is
<br />189 CIRCLE LH.-; PVE8L0 CO 8}006, ~ .
<br />Borrower and Lender covenant and a3ree as follo::s:
<br />1. Property in Trust. [{o mower, in ccnside~ratinn ci the ird ebtedttess herein recited
<br />and the trust herein created, he rebv ?rants and coi.v eys to Trusted in trust, wctt power n
<br />sa_e, the following described property located in the Couu:.f Of :,AS ANIMAS, Stzt
<br />of Col oradc
<br />SEE EXHZ9IT "A" A'__^TACHED H'a'R£TO AND !BADE PAAT_ HEREOF
<br />whict. $as the address pf FAE CSCA RATiCH, .LLS ANIMAS. Colorado.`
<br />(Property Address) together.with:'all ii's.appurtevances (F roperty) ~-
<br />2. Note;' Other ODlig at .on5 Secured: :This i]eed of Trust .is q>,v eR-~to secuLe ')to Lende
<br />A. cbe repayment of the indeDieaness evideuced by.BOrrower s'~ubte (Rote) datsd~~NO'vea.,er,~l
<br />1991, in the prinGipS 1. sum oF. $75 ,.000.0 U.S. -cllars crLtu :interest 'on'.the--urigaia ~;,-
<br />prinripal balance ~f tom November 19, 1991,~vntil paid, st th'e rate o~f A:pei~cdnt'per annum
<br />wiih principal and interest payabl eat lA9 CIRCLE'LN.,"PUEBLO.CO ^8.100E' ~ ~ -
<br />f or such chher plpce as ph•• Lender may designate, ANNUAL ~in payments of '' +*+~ _
<br />I C0133r5 (U.S.S ) due On the 1ST-day. of each -£CEM$2R OF EAC8 YEAF: neginning Dec e¢~ber 1,
<br />i992; s•.;ch payments to continue nn'il the entire rn.;abtedness'ev id¢nced by said Note is
<br />fully paid; nowaver,-if not sooner paid','the entire principalamount'~ont$tanding~and"
<br />accrued interest thereon.' shall be due and payabl¢ on November 15, ?.OU1; '
<br />+~ PA Y:;EY.TS SHALL DE PAID AS'SPECZ__°IE^ IN NOTE. EACH YEAR,~BORROWSR. SHALL PACVIDE
<br />PAI- TAX REC^c IPTS EACH YERR AS THEY EECOME DUE. - '
<br />and Borrower is to pay ~t0 Lender a late charge o4 5 $ of any payment'not ieceived-by the
<br />lender within 15 days after payment is due an3 Borrower tas the right to-prepay the
<br />,principal aaount outstanding node r, said Note, in whole or in part, at any time witn6ut
<br />penalty except NONE.
<br />9. tb? pavmznt of all other sums, with interesi. thereon at 8 8 per avnum;.3isbursed by
<br />fj Lender in accetdance with this De erl of Trust to protent the security.oF this Deed of Trus
<br />i 21G ,
<br />C. the performance~of the covenants and agreem¢nts of. Borrower herein contained.
<br />i. Title. Borrower c venancs chat norrower owns and hr s; the right,£o. grant and co nv
<br />-_i.e mope r2 y, and warractaota l=. to the same, subject to gene=al~real estate-lazes for Lt
<br />currea.t year, easements of record or in existence, and recorded declarations, restriction
<br />raserv3 noes ana covenants, iS any, a~ of this date and except NONE.
<br />.. Payment oP Principal and InGer~.,t. Bo a'o wet shall promptly pay when due the
<br />principal cf and interest on the indebiedv =_ss evidenced by *_he Note, and late charges as
<br />nrov i3=d in the Note and shall perform all of Borraaer's other covenants ce.ntain¢d iv the
<br />Noce.
<br />_. :; :.catioav of Payments. !.l pa7me_'s received by bender ender-the terns hereof
<br />...:.!! r,~~a c'_ie N, by Lend e- firs: ~ pa y. enc of an,c.uts due c~rsuant to paragraph 2s (Escr
<br />=v. ,..,_ ..,. :: es an0 I,.suranr,e ). Yir: e:. to z^.>unts disburse;, by Lenc e'. nuz< Qum ..- pc:acr__h
<br />rFrc:ect,on`o; ..-nd~r•'a se c,:rP.:v; and :__. ta'__nce uv acco ni %.nce :, •.th ohs terms and
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