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RECEPTION#: 668920, R: $53.00, D: $0.00,09/30/2020 at 02:01:45 PM, Pgs 1 of 9,Janice K.Vos Caudill, F itkin County, Ct WR Division 5
<br /> eceived
<br /> 8/10/2021
<br /> # 10014521
<br /> DWR Division 5
<br /> Received
<br /> 8/10/2021
<br /> # 10014521
<br /> WHEN RECORDED MAIL TO:
<br /> FIRST WESTERN TRUST BANK
<br /> 1900 16th Street, Suite Soo
<br /> Denver, c0 80202
<br /> (�rr�u5
<br /> FOR RECORDER'S USE ONLY
<br /> Land Ttle
<br /> MAXANTE1DEED OF TRUST
<br /> THIS DEED OF TRUST is dated September 30, 2020, among Hughes Family Revocable Trust, whose
<br /> address is 432 Fairway Dr, Snowmass Village, CO 81615 ("Grantor"); FIRST WESTERN TRUST BANK,
<br /> whose address is Aspen Office, 201 North Mill Street Suite 202, Aspen, CO 816111 (referred to below
<br /> sometimes as "Lender" and sometimes as "Beneficiary"); and the Public Trustee of Pi kin County, Colorado
<br /> (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Grantor hereby irrevocably grants, transfers and assigns to Trustee for the
<br /> benefit of Lender as Beneficiary all of Grantor's right, title, and interest in and to the following described real property, together with
<br /> all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances;
<br /> all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and
<br /> profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real
<br /> Property") located in Pitkin County, State of Colorado:
<br /> LOT NO. 19 OF THE "LITTLE TEXAS SUBDIVISION" OF SW1/4 NE1/4 ANDS 1/4 OF SECTION 16,
<br /> TOWNSHIP 9 SOUTH, RANGE 85 WEST OF THE 6TH P.M. AS SHOWN ON THE PLAT OF "LITTLE
<br /> TEXAS" SUBDIVISION. COUNTY OF PITKIN, STATE OF COLORADO.
<br /> The Real Property or its address is commonly known as 117 S Little Texas Lane, Woody Creek, CO
<br /> 81656. The Real Property tax identification number is 2-6431 6-401 0-1 4.
<br /> CROSS-COLLATERALIZATION. In addition to the Credit Agreement, this Deed of Trust secures all oblige ions, debts and liabilities,
<br /> plus interest thereon, of either Grantor or Borrower to Lender, or any one or more of them, as well as al i claims by Lender against
<br /> Borrower and Grantor or any one or more of them, whether now existing or hereafter arising, whether r3rlated or unrelated to the
<br /> p purpose of the Credit Agreement, whether voluntary or otherwise, whether due or not due, direct indirect, determined or
<br /> undetermined,absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor may be liable)individually or jointly with
<br /> others,whether obligated as guarantor,surety, accommodation party or otherwise, and whether recovery u on such amounts may be
<br /> or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter
<br /> may become otherwise unenforceable.
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit,
<br /> which obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of the Credit Agreement. Such
<br /> advances may be made, repaid, and remade from time to time, subject to the limitation that the total out tanding balance owing at
<br /> any one time, not including finance charges on such balance at a fixed or variable rate or sum as provide in the Credit Agreement,
<br /> any temporary overages, other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or
<br /> this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. it is the intention of Grantor and Lender that
<br /> this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as
<br /> provided in the Credit Agreement and any intermediate balance. The initial advance under the terms of the Credit Agreement is to be
<br /> applied toward the purchase of the Property.
<br /> Grantor presently assigns to Lender(also known as Beneficiary in Ihis Deed of Trust) all of Grantor's right, t tie, and interest in and to
<br /> all present and future leases of the Property and all Rents from the Property. In addition, Grantor gm nts to Lender a Uniform
<br /> Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br /> PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF GRANTOR'S
<br /> AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, ANE THIS DEED OF TRUST.
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