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n 15u1 11 UA:a y VI �.(3'4:'5 <br /> RecordA� at = o'clock /"• m: MAK 3 0 1983 Si�_ �._.,a "+asTe tvltnlvlL to 'laSd 'o1oy, <br /> N011YY ID3N QNYI Q*Arf6 ` <br /> Reception No. 35Q MILDRED ALSDORF� RECORDER <br /> STATE OF COLORADO <br /> MINED LAND RECLAMATION BOARD <br /> a7A!IT) d <br /> DEED OF TRUST TO SECURE FINANCIAL WARRANTY OR WARRANTIES <br /> FUTURE ADVANCES <br /> THIS DEED OF TRUST, made this 21sSay of March , 1983 , <br /> between — <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 -,iarranties 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 &, tailed description, <br /> appraisal and title insurance committmenz 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 Reclama-:ion Bond of $1 , 970 ,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 />