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<br /> TO NAVE AND TO NOLD the same together with all appurtenances,
<br /> in trust nevertheless, that in case of default in the payment of
<br /> said bond or any of said bonds, or any part thereof, or interest
<br /> thereon, or in the performance of any covenant or condition set
<br /> forth in any such bond or hereinafter set forth, then upon the
<br /> beneficiary (bondholder) filing notice of election and demand for
<br /> sale, said Public Trustee, after advertising notice of said sale
<br /> weekly, for not less than four (4) weeks in some newspaper of
<br /> general circulation in said county, shall sell said property in
<br /> the manner provided by law in effect at the time of filing said
<br /> notice and demand at public auction for cash, at any proper place
<br /> designated in the Notice of Sale. Out of the proceeds of said
<br /> sale, said Trustee shall retain or pay first all fees, charges
<br /> and costs and all monies advanced for taxes, insurance and assess-
<br /> ments, or on any prior encumbrance, with interest thereon, and
<br /> pay the principal and any other amounts due on any or all of such
<br /> bonds as may then be in default, rendering the overplus (if any)
<br /> unto the Grantor; and, after the expiration of the time of
<br /> redemption, said Trustee shall execute and deliver to the purchaser
<br /> a deed to the property sold. The beneficiary may purchase said
<br /> Property or any part thereof at such sale.
<br /> The Grantor covenants that, at the time of delivery of these
<br /> Presents, Grantor is seized of said property in fee simple, and
<br /> that said property is free of encumbrances, excent liens for _
<br /> general taxes for current year, reservations, restrictions,
<br /> casements and special assessments of record, and that Grantor
<br /> will keep all buildings fully insured for fire and extended
<br /> coverage, and will pay all taxes and assessments against said
<br /> Property and amounts due on prior encumbrances (if any) , and, if
<br /> Grantor shall fail to pay insurance premiums, taxes or amounts
<br /> due on any prior encumbrance, the beneficiary may pay the some
<br /> and all amounts so paid shall become additional indebtedness due
<br /> hereunder; and, in cese of foreclosure, Grantor will pay benefi-
<br /> ciary's reasonable attorney's fees.
<br /> The time of payment of this Deed of Trust for purposes of
<br /> C.R.S. 1973, 30-40-106 and similar provisions of subsequent laws,
<br /> is May 31. 2028, which is the final date by which reclamation is
<br /> expected to be completed under the reclamation bond first above-
<br /> described.
<br /> Grantor covenants that Grantor will not directly or indirectly
<br /> engage in any mining operation upon said property or allow others
<br /> to do so, without the prior written consent of
<br /> Trust. the beneficiary,
<br /> and that so doing would be an event of default under this Deed of
<br /> Should the beneficiary hereunder be made a party to any
<br /> action affecting this Deed of Trust or the title to said property,
<br /> the Grantor agrees that all court costs and a reasonable attorney's
<br /> fee paid by the beneficiary shall become additional indebtedness
<br /> due hereunder and the Grantor does hereby release and waive all
<br /> claims in Said Property as a homestead c:;emption or. other
<br /> now or hcrcnftc,- provided by law. exemption
<br /> IT IS
<br /> said bonds orRa-breach that,
<br /> ofn any sofotheecovenantsfault in pormcondent itions f any of
<br /> therein or in this Deed of Trust, then the principal sum hereby
<br /> secured, and interest thereon, may, at the option of the beneficiary,
<br /> become due and payable at once, anything, in said bonds to the
<br /> contrary notwithstanding, and possession of said property will
<br /> thereupon be delivered to the benefici
<br /> deliver such possession, the Or} , and on failure to
<br /> receiver beneficiary shall be untitled to said a
<br /> for property, who may be appointed by any
<br /> competent jurisdiction. court of
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