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51-1) Ill. 02/2812001 12,20PM po(Te 3 oIf 2
<br />Connie: JoiTIC.r, Clerk & Recordor, ` olle.r_ County, Colorado
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated November 3, 2000 between Robert M. Denis and Verna A. Bauserman
<br />whose address is 1201 Doyle Place, Colorado Springs, CO. 80915
<br />and the Public Trustee ( "Trustee ") of the County wherein the below described property is located.
<br />Grantor has executed a promissory note or notes ( "Note ") dated November 3, 2000 for the total
<br />principal sum of Twenty Seven Thousand and 001100
<br />Dollars, payable to the order of CENTURY ESCROW CORP ( "Beneficiary") whose address is
<br />P.O. Box 4234 Woodland Park, CO 88866
<br />after the date hereof, with interest thereon from the date thereof at the rate of 13.5 percent per
<br />annum, principal and interest payable according to the terms of the Note, all of which terms, together with any and all extensions,
<br />postponements of the time of payment, additions or releases of parties liable, other indulgences, loans or advances of additional
<br />funds, are incorporated herein.
<br />To secure prompt payment when due of all principal and interest on the indebtedness evidenced by the Note, late charges and all
<br />other obligations of Grantor as provided therein, any disbursements by Beneficiary to protect the security of this Deed of Trust, and
<br />any prior encumbrances, Grantor does hereby grant and convey unto said Trustee, in Trust, with power of sale, the following property
<br />( "Property ") located in Teller County, State of Colorado:
<br />Eldorado Mining Claim, Survey No. 8068 See Attached Exhibit A
<br />Together With and Reserving Those Easements Described in Dedications
<br />of Easements Recorded in Teller County, CO. Reception: •483000 — recorded
<br />October 12, 1998.
<br />also known as:
<br />Grantor covenants that Grantor owns and has the right to grant and convey the Property, and warrants title to the same, subject to
<br />general real estate taxes for the current year, easements, declarations, restrictions, reservations and covenants of record, if any, as of
<br />this date, and except:
<br />Upon default or breach of any obligation, covenant or agreement contained herein or secured hereby, at Beneficiary's option, all of the sums secured by
<br />this Deed of Trust shall be immediately due and payable (Acceleration) To exercise this option, Beneficiary may invoke the power of sale and any
<br />other remedies permitted by law Beneficiary shall be entitled to collect all reasonable costs and expenses incurred in pursuing such remedies or
<br />otherwise enforcing or defending this Deed of Trust including but not limited to reasonable attorney fees If Beneficiary invokes the power of sale,
<br />Beneficiary shall give written notice of election and demand to Trustee; Trustee shall give notice to Grantor of Grantor's rights and shall record a copy of
<br />such notice; Trustee shall advertise the time and place of the sale of the Property and provide copies of such notice to Grantor and other persons; and
<br />without demand on Grantor shall sell the Property at public auction to the highest bidder for cash at the time and place as contained in such notice, in
<br />one or more parcels as Trustee may think best and in such order as Trustee may determine, all as required by law. Beneficiary may purchase the
<br />Property at any sale. The purchaser at any such sale need not see to the application of the purchase moneys. Trustee shall apply the proceeds of the
<br />sale in the following order (a) to all reasonable costs and expenses of the sale, including but not limited to reasonable Trustee and attorney fees and
<br />costs of title evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess, if any, to the person or persons legally entitled thereto. After
<br />the expiration of the time of redemption, Trustee shall execute and deliver to the purchaser a deed to the Property.
<br />Grantor covenants to pay all taxes, assessments, charges and liens against the Property, to commit no waste upon the property, and to keep all
<br />improvements insured for fire and extended coverage in an amount not less than the unpaid balance of the Note with loss payable to Beneficiary, and
<br />will deliver a copy of the policy to Beneficiary If Grantor fails to perform any of these covenants, Beneficiary may perform for Grantor and all amounts
<br />expended by Beneficiary shall be additional indebtedness secured hereby.
<br />Whenever foreclosure is commenced for nonpayment of any sums due hereunder, Grantor or other owner(s) of the Property shall be entitled to cure
<br />said defaults by paying all delinquent principal and interest payments due as of the date of cure, costs, expenses, late charges, attorney fees and other
<br />fees, all in the manner provided by law. Upon such cure, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as
<br />though no Acceleration had occurred, and the foreclosure proceedings shall be discontinued. Upon expiration of the cure period, Beneficiary shall be
<br />entitled to possession, and upon refusal of delivery of possession Beneficiary shall be entitled to appointment of a receiver for the Property by a court of
<br />competent jurisdiction.. Grantor waives any Homestead or other exemption to the fullest extent allowable by law
<br />The singular shall include the plural and vice versa. Any gender shall include all genders. All of the covenants and benefits contained and provided
<br />herein shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. All covenants of Grantor are joint and
<br />several.
<br />Robert M Denis
<br />R Verna A. Bauserman
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<br />State of Co�S4o ' V`��`�,�
<br />County 4r
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