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0 fo 5) n na -i ,I - = ID 0 ar (b net 00 Co z 86-103284 (*)a the Propertycorfaftfusessfirrairroll a condom:-umurill. 9000nflatilliv, Mali by the Clan CIOMMIUMel "M fron and by the byte". rot" and regulations, of he homeowners association fry to "Wrion from changing t"is sorting of the Property. without me wi,ther, consent of me Beneficiary. (9) to pay when Cale bit* midjoblednese secured by any prior encumbrance, in) 10 laireffunfor the Beneficial lot any amounts which the Beneficiary advances in Water to Cure defaults by the Debtor with respect to the payment of tax", eassearisents, insurance premiums. and amounts due On Pfm*1%CuMb#Amc4S, and 10 Pay Interest On the amount advanced at lhedeloull mar- t. rile : .the Debtor hereby authorities the Beneficiary to cure any such defaults by the Debtor. it a foreclosure proceeding is commenced, to pay allolthecoallsol the proesedingurtcluding but not noce"shlytimilod to public trustee's to". Pupil- call costs, the cost of obtaining title evidence. and reasonable S115"MY4 less and to roomburst, the Beneficiary for any of Initaixe, tumm paid by the Beneficiary together with interest at Ills, default interest rate, to Surrender possession of the Property P"Cellully at Such fail as the DMOI-S fight of possession 01 the Property terminal". (it) of the Property consists in Palo cr entirely of the Debtor's interest as a lessee. to comply with and Satisfy malmnely mannerall of thetabisgaillions Under the Its". D~ wd AcCithilitif#M. The Debtor will be considered to have defoullaid under this Deed of Trust if the Debtor (0 defaults on the notes) or other Instruffitimlevidencing the Indebtedness or fill, falls loperfmin or observe any other-Covitharil of term of this Deed of Trust. or (tit) is adiuddested a ba• rufat of Taker o general inesignmefflim the benefit of his creditors. in the event of any such default. the Beneficiary may declare the ervilrabillancal the indiallsodriessimm"Iffelly due end payable (i.e, may "accohneW theIndetatieflness) and may then take the following r~ialaviomw the Beneficiary may take immediate possession and control of the Property and repair and maintain of at the expense of the Debtor: the Beneficiary may collect and re. Give arty and all rents, issues, and profits from the Properly . and the Beneficiary may apply for the appointment of a receiver and shall be entitled to such appointment as a .8110, of right, without regard to the solvency or insolvency of the Debtor and without regard to the value of the Property and its ade- qualcy as security for the Indebtedness: the receiver may be appointed by a court of competent jurisdiction upon an parts appl#Calion and without notice, notice being expressly waived by the Debtor, In addition, the Beneficiary may institute foreclosure as provided in the next paragraph. FortiCkiiiiiijifflit. It the Debtor defaults under this Dead at Trust, and whether or not IfteSenallciary, elects to ac,;xilerate the Indebtedness Jos allowed un- der the preceding paragraph) the Beneficiary may institute the rate of the Property by making the demand and giving the notices required by Colorado hill The sale may be hold pursuant either to a coun foreclot;uresurtor loan administrative proceeding conducted bythe Public Truster. The sale shall be scheduled and conducted and notice of the sale and of the rights to cure delatills and 10 redeem Slash be given. all as provided by Colorado low, Unless Colorado law provided otherwise, notice of sale shall be advertised weekly for not less than four weeks in some newspaper of general circulation in the county where the Prop" is located The safe shall be public and shall be held at the front door of the courl house in which the Property is located, mat such other lawful place as provided bylaw The Property Shall be sold to the highest bidder The Beneficiary may becomes purchowalthopropertyal the sale. The Property shall be sold in separate parcels or as one parcel, as the Public Trustee determines would be most advantageous The Public Trus- tee shall issue a!] certificates and deeds as authorized and requi red by Colorado law The Public T•uslee shall deal with the proceeds of the sale as pro- victed by Colorado law and noputchaser s"ll beollf-gaTea to seFfolhe apphr.-,leon of those proc"ris The sale sma.i forever bar the Debtor from Claiming any interest in the Properly si,blect to all r.qhls at IeCerriPhOn PTO —Jed by Colorado law Ap~on offunds. Amounts payable by, osurors under hazard insurance policies covering 'he Property, whether paid to the Debtor or the some. ticiary, shall befused restore or repair the Property unless, in the feartionableludgerneril aline Beneficiary, itwould be necessary to apply all or a portion of the proceeds 10 the Indebtedness in order to protect the secunly of the Beneficiary In order to enable the Beneficiary to exercise his rights undo, this paragraph. the Debtor shall promptly inform the Beneficiary as to the tact of any loss of damage to the Property, the amount of available insurance pro- coeds, the cost of restoration or repair. and as to sit other information reasonably requested by the Beneficiary Any insurance proceeds which areto be paid on the Indebtedness. following the Beneficial reasonable determination that such payment is necessary to protect his security. and any amounts received by the Beneficiary or by a receiver from condemning authorities or from persons paving rent or royalties after a default, shall be applied in the following manner in the following order (3) as a payment to the Beneficial V to reimburse him for costs. including reasonable attorneys fees. incurred to collect such amounts. fill as a payment in satisfaction of any past -due payments on the Indebtedness. (tit) ass pro-payment on the Indebtedness: and (m) as a refund to the Debtor, to the extent That the Indebtedness has been fully paid Any amounts applied as a partial pre-paymentol the Indebtedness shall not defer or alter the timing and amounts of installments of Indebtedness thereafter falling due. except to the extent that the installments last falling due are satisfied by vrnue of any Partial pre-payment SUbtiSqUilint Pildlefe. All reiliffeences, in this Deed of Trust to the Beneficiary include not only the Beneficiary named under Specild: Terms above. but also any person or entity who becomes the owner of the motels! a: other evidence of the Indebtedness after the date of this Deed of Trust. the felt,- ence also includes the holder of a certificate of purCMase,ssued in conjunction with a foreclosure sale under this Deed at Trust If any person other than the Debtor acquires any interest in the property in the future that person Shall be subject to all of tne covenants. obligations. and festrictionsof this Dead of Trust to the same extent as the Debtor. and accordingly all relefences,ri this Deed of Trust to tile "Debtor" include that person, this snail not. however. release the original Debtor Or any intervening Debtor from obligation on this Deed of Trust and on the note or other instrument evidencing the Indebted- me". to the extent that those obligations otherwise ex;St Due an Sil". it all or any part of the Property or any interest in the Property is sold or transferred in a transaction which is a "prohibited sale ortrans- fer", Itle Beneficiary may. at his option treat this Deed of Trust as b•9 in default and may accelerate the Indebtedness as provided above O the aerreb- Clary is prohibited by Colorado law from declaring the default and acceleration the Beneficiary may nevertheless require theiransferee to accept a lawful interest rate increase. the refusal or failure of the transferee to accept ,n writing the lawful interest rate increase shall constitute in ilsell a default under this DeedofTruSI A "prohibited sale or transfer is any sale or transfer tnc ludo ng one in which the conveyance of title is deterred. and including the granting of an option to purchase e,efClSable at a future date butnot,nciudinq hi the create ion of a lien or encumbrance Subordinate to this Deed of Trust, (ulihe transfer of title by ceiiisecir descent. or by operation at law upon the death of a joint tenant J-1 the grant of any leasehold sriterestal three years or less not containing an option to purchase at Irv) a sale or oiner transfer to which the Brrelic.ary consents in willing Notwithstanding any other-ta'o"s,on of In,$ paragraph, the Beneficiary shall nave no right to declare a deaUll,f the Beneficiary and the transferee mutually agree in writing to the assumption olithe Indebtedness by the transferee I This paragraph is optional and is to be crossed-ow .1 not agreed to I MismNantifous Provisl0fill. The following miscellaneous provisions snail apply (a) any fo,obea,anCe by the Beneficiary in e.e,,.,,,ng an,, gm, Or eme,tv shali n01 affect to—ghts of the Beneficiary with respect to subsequent defaults a, violations. flat all e,ned,es plov -ael by In,, Doe,,10 T,,,,, are (1,st�,cT and Cummuldlr.Y to a", 11qhl o, lelrieoy P'the, 1,nde, this Deed of 7"is! or available by any law orstalule oCi,eS0,, 1c) it two or more persons have signed as Debtor imey are jointly and severally obligated. id) in the even! mat amv provision or clause of This Deed of Trust $,ncohfhct with aopi-cable law the conflict Shall not alfoCl Other prov,s,ons at this Deed at Trust which can be given effect without the confl,crint; provision (e) !,r, wocedural p,ov.Vo S of this Deed of T rust small be deemed to be awfornal,caily amended as necessary to conlom to any Colorado Statute,, role of court. now existing of adopted alter the care at th-i Deed of Trust to the extent that such statute or -le of court Provides procedures which are in C W,m those set fitfl—I I "', DPIel or - ,;,I a". 1, P slawte or , tie of court Is applicable to the Security transaction wfi,ch,S the subject of this Deed of Trust tll 'I the Debtor and the Berel c a,, nave agreed ir acid.vonal terms and conditions respecting tmis sectudy transaction, including as an example an agreement 10 establish a fund to inii, used to P.Iv taxes and insurance Premiums of an agreement providing for Partial releases of this Deed of Trusi, then any such supplimental agreement -1whafaing signed and acknowledged. shall be given effect and it any at is provisions conflict wren those set forth in INS Deed of Trust the p1S-a,,.s f the , oCt—enta, agreement shall control if this Deed at Trust has been recorded, the si.,Ppl,rhental agreement - to be effective, also must be —aided (9) wordS,n this Deedol Trust aenol,,,q the Singular shall tie read as denoting (me plural and Mrasf:W,ne pronouns Shall be read as feminine o—eule, pro- nouns lf the circumstances -,u Inj paragraph headings ale for tine -der o-e,,cv and snap ^of be cons,oe,eo tri detelm:m,ng ine meaning of if',$ ns!furrehl Date Of this Deed of Trust s if v) /-a(, Executed by the Deblofisf as of Ine aocet, Cale $W~o QMu@o for Corporation. ParInershfis or Association: Nan- a$ Cc, )orautir, Pa,l,Sh,p a, Assitl By — By — Ar.si :TATE, OF COLORADO "'OUNTY OF dior at !i,en "Qirs as president a- i- or Oeblo,