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RECEPTION#: 668920, 09/30/2020 at 02:01:45 PM, Pgs 5 of 9,Janice K. Vos Caudill, Pitkin County, CO
<br /> DWR Division 5
<br /> Received
<br /> 8/10/2021
<br /> # 10014521
<br /> DEED OF TRUST
<br /> (Continued) Page 5
<br /> ap lied to the Indebtedness or the repair or restoration of the Property. The net proceeds of the awarc shall mean the award
<br /> a or payment of all reasonable costs, expenses, and attorneys' fees Incurred by Trustee or Len er In connection with the
<br /> cc demnation.
<br /> IMPOSI ION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The follom Ing provisions relating to
<br /> govemr tental taxes,fees and charges are a part of this Deed of Trust:
<br /> Cu rrent Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Deed of
<br /> Tro at and take whatever other action is requested by Lender to perfect and continue Lender's lien on ncurred In record!the eel Property. Grantor
<br /> Il for
<br /> in Deed ofrTr Trust ncludinglwithout limitation all taxes,fees,documgether tentary stamps,h all expenses land other charge or ecoording or registering
<br /> thi Deed of Trust.
<br /> Ta as. The following shall constitute taxes to which this section applies: (1) a specific tax upon&is type of Deed of Trust or
<br /> up n all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Borrower which Borrower is
<br /> au I.orized or required to deduct from payments on the Indebtedness secured by this type of Deed f Tor ist; (3) a tax on this
<br /> type of Deed of Trust chargeable against the Lender or the holder of the Credit Agreement; and (4) a sr etc tax on all or any
<br /> portion of the Indebtedness or on payments of principal and interest made by Borrower.
<br /> Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of thi Deed of Trust, this event
<br /> shall have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of
<br /> Default as provided below unless Grantor either (1) pays the tax before it becomes delinquent, o (2) contests the tax as
<br /> provided above In the Taxes and Liens section and deposits with Lender cash or a sufficient corp rate surety bond or other
<br /> security satisfactory to Lender.
<br /> SECURI rY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Tri at a i a security agreement
<br /> are a PE rt of this Deed of Trust:
<br /> Se urity Agreement. This instrument shall constitute a Security Agreement to the extent any of the P opeity constitutes fiMures,
<br /> an Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amen'ad I room time to fime.
<br /> So urity Interest. Upon request by Lender, Grantor shall take whatever action is requested by Len er te, perfect and continue
<br /> Lender's security interest in the Personal Property. In addition to recording this Deed of Trust In the real Property records, Lender
<br /> ma at any time and without further authorization from Grantor,file executed counterparts,copies or reproductions of this Deed
<br /> of rust as a financing statement. Grantor shall reimburse Lender for all expenses Incurred In p rtecting or continuing this
<br /> security interest. Upon default,Grantor shall not remove,sever or detach the Personal Property from t e Property. Upon default,
<br /> Grantor shall assemble any Personal Property not affixed to the Property in a manner and Property
<br /> a pia reasonably convenient to
<br /> extGre mor and Lender and make it available to Lender within three (3) days after receipt of written d mand from Lender to the
<br /> extent permitted by applicable law.
<br /> Ado resses. The mailing addresses of Grantor(debtor)and Lender(secured party)from which informal on concerning the security
<br /> trite rest granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial ode)are as stated on the
<br /> firs page of this Deed of Trust.
<br /> FURTHE It ASSURANCES;ATTORNEY-IN-FACT. The following provisions relating to further assurances anc aftc mey-in-fact are a part
<br /> of this E ged of Trust:
<br /> Fur her Assurances. At any time, and from time to time, upon request of Lender, Grantor will make, xec its and deliver,or will
<br /> cau e to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Len)ler, cause to be filed,
<br /> roc rded, refiled, or rerecorded, as the case may be, at such times and in such offices and pla s s Lender may deem
<br /> appropriate, any and all such mortgages, deeds of trust, security deeds,security agreements,financin stEtements, continuation
<br /> statiPments, Instruments of further assurance, certificates, and other documents as may, in the s ie pinion of Lender, be
<br /> nec ssary or desirable in order to effectuate, complete, perfect,continue,or preserve (1) Borrower' anc Grantors obligations
<br /> and r the Credit Agreement,this Deed of Trust,and the Related Documents,and (2) the liens and so curt interests created by
<br /> this Deed of Trust on the Property, whether now owned or hereafter acquired by Grantor. Unless p ohlbited by law or Lender
<br /> agr as to the contrary in writing, Grantor shall reimburse Lender for all costs and expenses incun d Ir connection with the
<br /> matters referred to in this paragraph.
<br /> Att9mey-in-Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lend me do so for and in the
<br /> name of Grantor and at Grantees expense. For such purposes, Grantor hereby irrevocably a lots Lender as Grantor's
<br /> attorney-in-fact for the purpose of making,executing, delivering,filing, recording,and doing all other Inge L may as necessary
<br /> or desirable,in Lender's sole opinion,o accomplish the matters referred to in the preceding paragraph.
<br /> FULL PERFORMANCE. Upon the full performance of all the obligations under the Credit Agreement and this Deed of Trust,Trustee
<br /> may, upon production of documents and fees as required under applicable law, release this Deed of Trust, aid such release shall
<br /> constitute a release of the lien for all such additional sums and expenditures made pursuant to this Deed of Tri.st. Lender agrees to
<br /> cooperate with Grantor in obtaining such release and releasing the other collateral securing the Indebtedness. Any release fees
<br /> required toy law shall be paid by Grantor, If permitted by applicable law.
<br /> EVENTS DF DEFAULT. Grantor will be in default under this Dead of Trust if any of the following happen: ( ) C ranter commits fraud
<br /> or makes a material misrepresentation at any time In connection with the Credit Agreement. This can inc ude for example, a false
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