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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 Granto as provided therein, any disbursements by Beneficiary to protect the security of this Deed of Trust, and
<br />any prior encumbrances, qrantor does hereby grant and convey unto said Trustee, in Trust, with power of sale, the following property
<br />( "Property ") located in Tell §r 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 Reco ded in Teller County, CO. Reception :' 483000 — recorded
<br />October 12, 1998.
<br />also known as:
<br />Grantor covenants that Gr*tor owns and has the right to grant and convey the Property, and warrants title to the same, subject to
<br />general real estate taxes fo 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 imalediately due and payable (Acceleration). To exercise this option, Beneficiary may invoke the power of sale and any
<br />other remedies permitted by l6 v. Beneficiary shall be entitled to collect all reasonable costs and expenses incurred in pursuing such remedies or
<br />otherwise enforcing or defend ir ig 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 adVE ruse 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 sh ill 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 purc iaser 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) o 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 al 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 rec emption, Trustee shall execute and deliver to the purchaser a deed to the Property
<br />Grantor covenants to pay all to es, assessments, charges and liens against the Property, to commit no waste upon the property, and to keep all
<br />improvements insured for fire end 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 Lo Beneficiary. If Grantor fails to perform any of these covenants, Beneficiary may perform for Grantor and all amounts
<br />expended by Beneficiary shalt be additional indebtedness secured hereby.
<br />Whenever foreclosure is comrr enced 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 defir quent 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 bylaw. 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 bylaw.
<br />The singular shall include the p
<br />herein shall be binding upon ar
<br />several.
<br />State of Co 0
<br />County T' I UU,
<br />The foregoing was ack
<br />ural and vice versa Any gender shall include all genders All of the covenants and benefits contained and provided
<br />i inure to the benefit of the parties and their respective successors and assigns All covenants of Grantor are joint and
<br />Witness my hand and offici I se,
<br />My commission expires: 0 I L�`l
<br />Robert M. Denis
<br />Verna A Bauserman
<br />before me thisy day of (VlQjry6i20ft, by
<br />M. Denis and Verna A. Bauserman
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