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HomeMy WebLinkAbout20102456.tiff RESIDENTIAL LEASE/PROPERTY USE AGREEMENT • THIS SE AGREEMENT eremafter referred to as the"Agreement") made and entered into this day of (\4 20 O' , by and between WILLIAM ASKEW whose address is 962 5th Street, BERTHOUD COLORADO 80513(hereinafter referred to as"Lessor")and JANE M. STAMP(hereinafter referred to as"Lessee"). WITNESSETH : WHEREAS, Lessor is the fee owner of certain real property being, lying and situate in WELD County, State of COLORADO, such real property having a street address of 8029 CR 50, Johnstown Colorado 80534. WHEREAS, Lessor is desirous of leasing the Premises to Lessee upon the terms and conditions as contained herein; acknowledged, the parties hereto hereby agree as follows: USE OF PREMISES. The Premises shall be used and occupied by Lessee and Lessee's immediate family, as a private single family dwelling, and may be used for dog breeding/boarding facility and a small engine repair shop. Lessee shall comply with any and all laws, ordinances, rules and orders of any and all governmental or quasi-governmental authorities affecting the cleanliness, use, occupancy and preservation of the Premises along with proper licensing and/or fee's that apply. The parties hereby agree that this document contains the entire use of premises agreement between the parties. As to Lessor this 93day of ` ) I it % 20 d� . • Witnesses: "Lessor' -2 t J per. ,..�V . --1,-----------. C' As to Lessee, this, da of J AT , 20 O0d . Witnesses: "Lessee" f r �. :,,,b,..otcu aml Sword 1.e' ie Alt d Notary ' ':colic on dnis_ .Dav of\sesx. .20v1 tt AMANDA L MCD0NALD v9y t.emonssian expire:. y-'tS V Notary Public ^ State of Colorado r lC�le" — 0 2010-2456 • • • The TITLE INSURANCE or ABSTRACT COMPANY hereby certifies that it has made a careful search of its records, and finds the following conveyances affecting the real estate described herein since August 30, 1972, and the most recent deed recorded prior to August 30, 1972. LEGAL DESCRIPTION: Part of the SW 1/4 of Section 33,Township 5 North,Range 67 West of the 6`s P.M.,Weld County,Colorado, being more particularly described as follows:Beginning at the Southwest corner of said Section 33 and considering the West line ac bearing North W°0000"East with all bearings contained herein relative thereto; thence North 21°44'15"East,81.(X)feet to a point on the Easterly right-of-way line of County Road No. 17,said point being the True Point of Beginning;thence North 00°00'00"East, 182.01 feet to the centerline of the Mosier-Williams Ditch;thence along said ditch by the following two courses and distances:South 84°01'32" East, 140.29 feet;South 68°48'41"East,85.49 feet to the approximate West right-of-way of County Road;thence along the arc of a curve to the right whose radius is 899/49 feet and whose long chord bears South 20°52'18" East, 194.38 feet;thence along the North right-of-way line of County Road 50,South 89°58'40"West,246.07 feet;thence North 43°10'27" West,62.00 feet to the True Point of Beginning, County of Weld, State of Colorado CONVEYANCES (if none appear, so state): Book 1444 Page 386 Reception No.1822327, Reception No.1822328, • Reception No. 2269735 Reception No. 2714467 Reception No. 3511697 Reception No. 3524187, "` Reception No. 3561944, The certificate is made for the use and benefit of the Department of Planning Services of Weld County, Colorado. This certificate is not to be constructed as an Abstract of Title nor an opinion of Title, nor a guarantee Title and the Liability of COMPANY is hereby limited to the fee paid for this Certificate. In Witness Whereof, COMPANY, has caused this certificate to be signed by its proper officer this 27th day of May, 2010 , at 7:30AM. North American Tale Company of Colorado j) • i1 )), 1) V )q I (_ . Authorized Signature Gmail-13029 UK w • • ( , JANE MARIE <janemarie58@gmail.com> 8029 CR 50 1 message Tina L. Williams <tlwilliams@nat.com> Thu, Apr 15, 2010 at 12:17 PM To: "janemarie58@gmail.com" <janemarie58@gmail.com> Your O&E on this property is attached. There is no charge. Thank you, ■NORTH Tina L. Williams AMERICAN Escrow Assistant IIITITLE North American Title Company COMPANY 3459 West 20th Street, Suite 112 Like Clockwork' Greeley, CO 80634 Main: 970-304-9012 Fax 970-304-9022 tlwilliams@nat.com http://www.nat.com PThink Green. Please only print this email When necessary • CONFIDENTIALITY NOTICE This e-mail message and any attachments contain confdential and/or privileged information for the sole use of the intended recipient. If you are not the intended recipient,you may not read,disseminate,distrrlute or copy this e-mail message or any attachments. Please notify the sender immediately by reply e-mail if you received this e-mail message by mistake and delete this e-mail message and any attachments from your system. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted,corrupted,lost,destroyed,delayed, incomplete,or contain viruses.The sender,therefore,does not accept liability for any errors or omissions in the contents of this e-mail message or any attachments,which arise as a result of e-mail transmission. If verification is required,please request a hard-copy version. T 8029_CR_50.pdf 548K • 1 of 1 4/15/2010 7:47 _ _ ;-ri'_ F.°arts='- �'.:is __ - ... G fIAR, ,958 • -:afenrEe'd:{: . s rjl a" 'ere` •pf&It - - _ _ - _ ,' -- - -'-'-:-\ c-'----n---negdl,ao xo r�',Z`R'+530 a hS•''' , :aiadmn tY. _ - �' - - •- ' . .- y,• r- --‘,.a, brit--,:,;r,. -_ -.. :.{_•` , _• r , _ • . _ . j+j'3101 2`' 3PN lYadd:dbb+, e2�?: i :le-:•=1-',:189--0: -i e„b.rPati 8 - , ysas,of our Lord one thousand nine iiuddred aud'�11\ty;11_- -x,between _ t%J • - ' ' - ' ROB :-L,;..ffi{IIT$ a'h d Apk b1. 'DEM - I I;of the,: ' - -County ofweitli,. - , ' ,and State of Colo adoo of the first part,and , y %- :•WELD 000RTY,L - f ,t • , - nlnha, - • weState of Colorado,of the second pails-- WITNESSETH, That th. old park in t ,r of the first par end in'rnnsideration of the sum of ' OthIF good and valuable considerations and Tat; - - -,7.7 - - - - - - DOLLARS, - to the said part lee of the Snit part in hand paid by the said pert of the second part,the receipt whereof is hereby confessed and acknowledged, have granted,.bargalned,sold and conveyed,and by thra sraents.dc , • !;:'grant''bargain, tell, convry tiud`eohfirrdantalka: raid:tarty of the second partite cane rud assiea 1 ':forev<f.all the following deadihed lot ' or parcel . of'iand, situate, lying and being in the County of Weld- . - 'add'Stale of Colorado to:vit: ' - ? • ; non nccr.niv, ,,,, n.,hat;7, That parcel of land situated in the Southwest Quarter (SWt) of Section r'j .-s Thirty-three'(53), TOyhth1p Five (5) North, Range Sixty-seven (67) West �f( 6i fl' - " �. of the Sixth'Principal Meridian, more particularly described as follows: • II j.- ::- ys ij Beginning at the Southwest corner of said Section 33; thence North on ,A . :fn h \ F' the West line of Section 33 far a distance of 1242 feet to the West line (ts of The Great Western Railway Company's right of way; thence Southerly ':!'it:/%11011;1.1% .� cen g S �.'; 40 feet from and parallel to the center line of said Railway for a -3-,•!•:!:!''..r3 :I ' •" - distance of 1419 feet to the South line of said, Section 33; thence West i ''o (- --nD .•. on the South Section line 400 feet to the place of beginning, containing 1. 'i ': . 6,80 acres by actual measurement;.also, an water and water rights, .J n_ G° lateral and lateral rights appurtenant to said land, and especially 1/10 of 1 share of the capital stock of the Consolidated Hillsboro Ditch i Company, • • . • TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging, or in any- , vise appertaining,and the reversion and reversions,remainder and remainders, rents,bores and profits thereof;and • all the estate,right,title, Interest,claim and demand whatsoever of the said parties of the first part either in law - or equity, of,in and to the above bargained premises, with the hercditsments and appurtenances. TO HAVE AND TO HOLD the said remises above bargained and described, with appurtenances, unto the said CCBBear part y of the second pet,its 7 p9ma av� assigns forever. And the said parties of the first part, for themselves,their heirs, executors and administrators, do — covenant, grant, bargain and agree • cceHso to and with the said party of the second part,its �ll �lnfaod assign,that at the time of the en- sealing and delivery of these presents they are well seised of the premises above conveyed,as of good,sure,per- fect,absolute and indefeasible estate of inheritance,in law,in fee simple,and have good right,full power and lawful authority to grant, bargain, sell and convey the same in manner and form aforesaid,and that the same are free and clear front all former and other grants, bargains, sales,liens,taxes,assessments and incumbrances of whatever "Hind or nature solver: Sugsect to its inclusion within Northern Colorado Water Conservancy Districttand Johnstown Fire.Protection District, and easements of record, if any, successors and the.above premhes, in the quiet and peaceable possession of the said part y of the ascend part,s its / tteict and assigns, against all and every person or persons lawfully claiming or to claim the whole or any part thereof,the said part ice of the first part shall and will WARRANT AND FOREVER DEFEND. IN WITNESS WHEREOF, The said pariea of the first part have hereunto set their hands and seals the day and rear first above written. • Signed,Sealed and Delivered in the Presence of (SEAL) �l��,,n688� -- 11L i3. in (SEAL) Vii• r_s, d (SEAL) .4•a .nC> 6 T �1a''7�,J> W RADO, ,ON'j . `H- i. jai The foregoing instrument was acknowledged before me this 23*d day of �; a�.}IC v td1;f#.:;. February ;9,56., by Robert L Smith and '.1 "``, Jo, " Anna 14. Smith, nsner:i,d omelet Seal. y 0 144(1 i Jw4s'ko"Eap4es Apra 23,, l gs6 6G�__. .�.Y_., • Notary Public. WARRANTY DEED=McVey Priaiery,Greeley.flannel. ' Raox // & CIL_Mt APR ? 6 1980 c, Recorded a `i 9 clip yytt�a Iva 90(' Reception No Otte 1 I• it Iva yY,• • Recorder. • 'C -___ —.--.— � _ —___ --__ —Weld County, Cobrodo l l i I THISDEED, Made this 16th dee of April ,Ii SO t d ' between Weld County, Colorado, a body corporate and politic or. I i of the County or Weld end state of f o it Colorado,ortho first part,and to Donna R. Moser, as Personal RepresentativeIl I1 of the Estate of John L. Moser, Deceased I o �� whe.elegnladdreasie 8029 Weld County Road #50, Johnstown, Colorado 80534 i :i it of the County of Weld and state of e !; Colorado,of the second part, .t l: WITNESSET}L That the said port y of the first part,for and in consideration of the sun of to GOOD AND VALUABLE CONSIDERATION DOLLARS, o to the said port y of the firms port In hand paid by the said pert y of the second part,the receipt whereof is hereby confessed and acknowledged,ha S reml.wd,rnlonso,l,cold,conveyed and QUIT CLAIMED,and by time presents does refuse,relea,,,sell.convey and QUIT('LAIN unto the acid party of the suoond part, his heirs, I. successors and assigns,forever,till the right.title,interest.einlm and dmnnnd whit Is the anld party of the first part ha S In and to the following deserlhod lot or parcel of land situate,hying std hoing In the County I .p of Weld and State of Colorado.to wit: _i SEE ATTACHED EXHIBIT "A" I i. II ; II • 9,1 II l also known as street and number 1, TO HAVE AND TO HOLD the snore,together with all and singular the appurtenances and privileges thereunto belonging or in anywise thereunto eppertnhd ng,and all the estoto.right,title.Interest and claim whatsoever,of the l• said party of the first part,either in law or equity,to the only proper use,benofil and behoof of the sold party of ;i the second port, his buirn and oasigtu forever. IN WITNESS WHEREO F.The said part y of the first part let S ho rem nto set its hand and seal the day and your that above written. _WELD CEEWZ .EDAM--(SEAL] .I Signed,Sealed and Delivered in the presence of A Dyi_Lt _t I y _[SEAL, lI . C. W. Kirby/ Chairman ' ward of County OnranisSiOliera—f3,. L] i Weld County, Colorado (SEAL] .1 STATEOFCOLORADO, l is it 1{ ss. County of f1 The foregoing instrument was acknowledged before me this /4'a' day of ap,t •i, l r99c,byO_W. Kirby Chairman Board of County Commissioners II Weld County, Colorado i My commission expire, ttp,,/ .oy ,19:'(.Witness toy hand and official seal. ll I: T^ ..... •.�y� ti a.Yrypatiie. II l iAl, , _ I .;: II li 4I No.933.QUITCLAIM ol .o eor.nrur,eonnem uu nrco., -um Stn ..D.ne.r C,I m... mamu ta _e•it ':{: • • eonK 182232'7 • 900 c4- EXHIBIT "A" Part of the Southwest Quarter of Section 33, Township 5 North, Range 67 West of the 6th F.M. , {Veld County, Colorado being more particularly described as follows: Beginning at the Southwest corner of said Section 33 and consi- dering the west line as bearing North 00°00'00" East, with all bearings contained herein relative thereto; Thence North 21°44 '15" Fast, 81.00 feet to a point on the easterly right-of-way line of county road 017 said point being the True Point of Beginning; Thence North 00°00'00" East, 182.01 feet to the centerline of the Moisier-Williams Ditch; Thence along said Ditch by the following two courses and distances: South 84°01'32" East, 140.29 feet; South 68°48'41" East, 85.49 Ceet to the approximate west right-of-way of county road; Thence along the arc of a curve to the right whose radius is 899.49 feet and whose long chord bears South 20°52'18" East, 194.38 feet; Thence along the north right-of-way line of county road 050 • South 89°58'40" West, 246.07 feet; Thence North 43°10'27" West, 62.00 foot to the True Point of Beginning; Said described parcel of land contains 1.203 acres, more or less, and is subject to any rights-of-way or other easements as granted or reserved by instruments of record or as now existing on said described parcel of land. • • • Recorded.at J L._..—o'clock ,— t:EAPR 1.6 1983 • 18=328 1-rat..At_.I Stow of Colorado, Weld County Clerk & Recorder n PERSONAL REPRESENTATIVE'S DEED (INTESTATE ESTATE) ' p THIS DEED is made ty DONNA R. MOSER, as Personal Representative of �. . :the Estate of JOHN LEE MOSER, also known as JOINT L. MOSER, Deceased, 'Grantor,:to RONALD GERBEREING and.ANN P. GERBELDING, Grantees, whose address id 8029.Weld County .Road No. 50, Johnstown, Colorado 80534. WHEREAS, JOHN DT MOSER, also known as JOHN L. MOSER, died intestate `" at.Fort,Collins, LarLner County, Colorado, on October 17, 1979; and ,i^.. , L, :WHEREAS,.Grantor was duly appointed Personal Representative of said` '. Estate by:.the District Courtin and for the County of Weld, and State of Colorado, Probate No 79 PR 240, an October 26, 1979, and is now qualified and'.acting in said Capacity: 'co NOW,:THEREFORE, pursuant to the powers conferred upon Grantor by - Jthe Colorado..Probate Code, Grantor does hereuy sell, convey; assign, .nc :transfer'-andset over unto Grantees, as join'. tenants with right of. �. ;survivorshipand`not as--tenants in common, for and in consideration of :the;sum'.of Fbrty Thousand Dollars ($40,000). the following described, realyroperty: situate.in the County of Weld, State of Colorado: Part.of the Southwest.'Quarter (SW 1/4) of Section Thirty-three'' .o,. (.3),:.in To'mship Five (5) North; of Range Sixty-seven (67) West Of the-Sixth.(6th) P.M:, Weld County, Colorado, being more. • ..: particularly:described'as .followe: Beginning at the Southwest corner of said Section 'Thirty-three.(33) and considering the West line as bearing North 00°00'00" East with _'. all;tearings contained herein relative thereto; Thence-North 21°44'15" East, 81.00 feet to a point on the Easterly. right-of-way line of County Road 1f17 said point being the TRUE 'POINT OF:BEGINNING; Thence?North 00°00'00" East, 182.01 feet to the centerline of the 'Nosier-Li llianis:Ditch; Thence alongSaid Ditch by the following two courses and distances: . .. t;S,outh 84°01'32" East, 140.29 feet; `"`South 68°48'41" Fast', 85.49 feet to the approximate West -' right-of-way of County Road; Thence along the arc of a curve to the right whose radius is 899,49 feet and whose long chord bears South 20°52'18" East, ;194.38 feet; :Therice along the North right-of-way line of County Road #50, South ,.09°.58'40' .West,-246,07 feet; :thence North 43°10.27"-West, 62.00 feet to the TRUE POINT OF also Iaiown-as street and number 8029 Weld County Road No. 50, Johnstown, Celeradd.. ' With all appurtenances, free and clear of liens and encumbrances '.�EXQEPTd. -1980`reel property taxes; due and payable in 1981, and subsequent :reservations, restrictions, easements, rights-of=way, and cOveflaflts, of record, if any• / Executed this /`/21 day..of April, 1980. Slane Documentary Fee .( (M-n'.rei( 75? ///"`:'J (Donna R. Moser) as Personal Representati • of the Estate of John Lee Moser, also Imown John L. Poser, Deceased i.: (Ackiowledgne t on Reverse Side Hereof) • • ecPK 1822328 • SOO -a • • STATE OF COIARADO ) ) SS COUNTY OF WELD )• • .The foregoing instrument was acknowledged before me this )� day of April, 1980, by DONNA R. MOSER, as Personal Representative of the Estate of JOHN IFF MOSER, also known as JOHN L. MOSER, Deceased. WITNESS my hard and official seal. • .. My °o mission expires ..2c,lb, ,1,"�r Notary Public auDL\C;`o • �: Gq • • A n � . • V0e • A • e ANaah!78 nyed It 1317 NMC U2269'/16 11/0/91 1!4,54 $10.00 1/001 • Reoeplan Y 1708 MANY ANN MHUMNRTAIN CLMHN 6 MMCUNDPOi WMLU CO, Co Qutr. aas'n%neet NM CUD is a aanysysnaa Nam we IMMWMIIs),copmrlon a)or Wu 9011 Me)0911099 Wow M OSANTOR IC am 4 109 anlpplW)N ma b1 al whiner al ORAMMA IMNer Ma Via as a GRANTOR may h In me rsa properly i MINN TIM ONINTON hotly nil and quN cMNN W dig°NANTKE the MN properly da wllbad Wan WNh aK Ne appuMnatag. TM IDIOM Plan al IDS at Me' OIMNM WNanaaeNlenaplwaM MnedaMa.NeMepumalinnwmnimMaNelalnnea IMMlNedamlaaaMmaeNMrlgM, ypMNy pants,.al Wawa Mal WMa 1 AONAOh CKNNNI{p1 NO AND ANN P. CNNPOD INC AKA ANNA P, OKKNNKDINn 0019941 tRW9 araldul oneMminled•Swint MMMna.D'SlMe aul.WN uM a Mar 9.9090,190.0090 I MINAMI UKNNKNNIPill ANTI AIM P, ONNNAAII INN KIRI WWI 50, Jnhnatrall, D,Nrlfade NI5'I4 /MM N OSONMINNpI 0 Mn.as Wm a met.ar.Mawaaniu May walk MMWId.fM M laka AI own in c4MIMMn WON NetM OH 1m pins Sammy Pa WAIN*M PPM cool.,1141R W..ddaa in IN,poor Wow JOINT tkt4/411 NpepMKi Beeerlpllea IIs.MM9 wu,$y ena Marl NKN A'p'YACIIKI) KAIIINI'1' • I JhepIRyAMlaea 9029 NCR fl), Johnstown, Colorado 110534 llanta N llonsaU I MIS IM 9NN10111Mand.to lawn.any iMwMm the poorly or Io tinny lass Pan M emu,el Star WOMAN rawnellnallu0NANtEE'6 trim theorem*make appropnMe NNNalMmd 1 EWadalbyMlearraen Nnvned,ar Ig 19 .91 . II Mgaglwe Maas M aapwMlal.►aMaaNp a Awganan. / Mpnaaa 0laa MMMAWMp il{r•WIfC ./iF den.. — alle V M O,aMa,CapaSNn,PeanaMp a Awerli mama Ronald de rb1rdln ( . G�.'N�ri.�I'r r q; — CP. cat'bir/d nit d "rat .b — G'( �NfN .C( , "•-s'7 Oraga _ Anna P. OarWrding Atm RATE Of COLcf1.400 UNT' la CODC Weld 1 The faayIMn9 lrwum.,was acknowledged bMon me IN. 16 eh day a November r t0 91 e✓„Remold Garberding and Ann P. de 969991(99 aka Anna P. Garbs !ng 1 llffie Yd ad ofbMoral I . 1 .. r•a1p'i91'.)7 i'em.''Tint 0—ZO-91 "��" ' „e elyTi oC OTA 0 Yr' .r I", COUNeP�O`cG— 1 'IMmnpymp. !uletfumera waeeknoWNag.d boas me this day of 19 ,,gyl rna,wkdWMASM OnnbrlM aiamea N Corporation,PednenhlporAssociation,thenkir*Spars aprovident wrier p.edeM.nd • wen or aaIMWA eeertMry a aapaalonl oral pMnella of partnership,or as.mhomed menlbalq el aeeol.11ae) IRNEa)my hand and eeldM tens — oro — MyeaaaleMeneapeea " • R 1317 RFC 0'2269735 11/19/91 15:54 $10.00 2/002 F 1709 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO PART OP THE SW 1/4 OF SECTION 31, TOWNSHIP 5 NORTH, RANGE 67 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING 00'00'ORNER OF SAID SECTION 33 AND CONSIDERING ' WEST 00" EAST WITH ALL B SINGS CONTAINED HEREIN LINE AS BEARING RELATIVE THERETO; THENCE NORTH 21'44'15" EAST, 81.00 FEET TO A POINT ON THE EASTERLY RICHT'OF.WAY LINE OF COUNTY ROAD NO. 17, SAID POINT BEING THE TRUE POINT OP BEGINNING; THENCE NORTH 00'00'00" EAST, 182.01 FELT TO THE CENTERLINE OF THE NOSIER.WILLIAMS DITCH; THENCE ALONG SAID DITCH BY THE FOLLOWING TWO COURSES AND DISTANCES: SOUTH 84'01'32" EAST, 140.29 FEET; SOUTH 68'48'41" EAST, 85.49 FEET TO TUE APPROXIMATE WEST RIGHT-OF-WAY OF COUNTY ROAD; THENCE ALONG THE ARC OF A CURVE TO THE RICHT WHOSE RADIUS IS 899.49 FEET AND WHOSE LONG CHORD BEARS SOUTH 20'52'18" EAST, 194.38 FEET; THENCE ALONG THE NORTH RICUT•OF•WAY LINE OF COUNTY ROAD N0. 50, SOUTH • 59'58'40" WEST, 246.07 FEET; THENCE NORTH 43'10'27" WEST, 62.00 FEET TO THE TRUE POINT OF BEGINNING. • �111111111111IIII111111 III III IIIIIt III�IIIIIII 2714467 00/16/1989 10:36A Weld County CO • I of 2 R 10.00 0 16.15 JA Sukl Tsukamoto X46'7 Warranty Deed THIS DEED is a conveyance of the real property described below, including any improvements and other appurtenances(the 'property')from the individual(s),corporation(s).partnership(s),or other emity(ier)named below as GRANTOR to the individual(s) or entiry(les)named below as GRANTEE. The GRANTOR hereby sells and conveys die property so the GRANTEE and the GRANTOR warrants the title to the property,except for(1)the lien of the general property Tana far the year of this deed,which the GRANTEE will pay(2)any asemens and rights-of- way shown of record(3)any patent reservations and exceptions(4)any outstanding mineral interests shown of record(5)any protemiveeovenans and restrictions shown of record(6)any additional matters shown below under'Additional Warranty Exceptions'. and(7)abject to building and zoning regdadons. D,F. $16.15 The Specific Terms of Thu Deed Are; Grantor. (Girt wogs)and Mars(s)of residence;If the spade of to owamgranlm Is Joining In this Deed to release hwmmd rights,identify gnmvt as MUM and wife.) RONALD GERBERDING AND ANNA P.GERBERDING Grantee: (Give mot)and marar(a):mama or Mum,ioeh4tg available mad er arm mother.) RONALD D.MILLER AND KIMBERLY J.MILLER 8029 WCR 50,JOHNSTOWN,CO 80534 Farm of CwOvmaship: (If them are two or mom'mums named.they will be considered in take as mats in comma veins Ns words'in joint tsnaocy or wads of the woe naming we added in the space Mow.) JOINT TENANTS Property Description @ehde minty aid ewe.) SEE ATTACHED EXHIBIT A Property Address: 8029 WCR 50 JOHNST0WN,COLORADO 80534 • Consideration: (Re smemmt of a dollar award Is optimal.adequate consider W m for die deed will be pramsed seem this cavveyans Is(dmdred m a Vet In any me Ws mwassm kabala 6W and mom dkl®l.) ONE HUNDRED SIXTY ONE THOUSAND FIVE HUNDRED AND 00/100 Rrsryatiaos-Radrktiom: (If the GRANTOR dotards to reserve my interest is the properly or to convey ha that is owned.or if the GRANTOR is mudding the GRANTEE'S data in the properro,make appropriate iadiadon.) Addieanai Warranty Exceptions: (Include deeds of oar being mown*and mbar macs nor mead above.) Hummed by the Grantor on AUGUST 13, 1999 Signature far Corporation,Partnership or Association: Signature for Individual(s): Name of Grants: Corporation.Paroership or Association RONALD GERBERDING ✓ Grantor By Grantor By ANNA P.v GERBPRDIN( a Grantor Attest: ST#TE.OFCOLOR4D0- tea, COUNTY OF WELD The foregoing instrument was acknowledged before me is 13th day of AUGUST, 1999 Byes RONALp_9EBkERDING AND ANNA P.GERBEBDING WITNESS my hod and official led. blic My'eommWbq,oBjW MA: MAY 38,2001 STATE OF' t`. er. 1221 8TH A GREELEY CO 80 COUNTY OF -O; The for6ggttg nswment^w$acknowledged before me this day of • aorif (as�ma(edisecretO of eoaparifGraaor pfont)ofv rmewrrhips MhOlkn,men aris)fo associtin.nidmtor vice praidmtad secretary or momma secretary of mryondca:or u psnm(s)d[pomwrN'ry;or as wNod�rmnber(t)of association.) WITNESS my hand and official seal. Notary Public My commission expires: 01981 UPDATE LEGAL FORMS WCTC No.201-L • 111111111111111111111111IIIII III1111111 III liii IIII IIII 2714167 08/18/1888 10:368 Weld County CO 2-of 2-R-10-.00-D-i@.18-3R-Sold- Twkeeoto- • COMMITMENT FOR TITLE INSURANCE ♦ * * I SCHEDULE A "CONTINUED" RE: Our Order No. : TS50670 PART OP THE SW 1/4 OF SECTION 33, TOWNSHIP 5 NORTH, RANGE 67 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT TEE SOUTHWE^a.T CORNER OF SAID SECTION 33 AND CONSIDERING THE WEST LINE AS BEARING NORTH 00 00'00" EAST WITH ALL BEARINGS CONTAINED HEREIN RELATIVE THERETO; THENCE NORTH 21044'15" EAST, 81.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY LINE OP COUNTY ROAD NO. 17, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 00000'00" EAST, 182.01 FEET TO THE CENTERLINE OF THE MOSIER-WILLIAMS DITCH; THENCE ALONG SAID DITCH HY THE FOLLOWING TWO COURSES AND DISTANCES: SOUTH 84001'32" EAST, 140.29 FEET;. SOUTH 68048'41" EAST, 85.49 FEET TO THE APPROXIMATE WEST RIGHT-OF-WAY OF COUNTY ROAD; THENCE ALONG THE ARC OF A CURVE TO THE RIGHT WHOSE RADIUS IS 899.49 FEET AND WHOSE LONG CHORD BEARS SOUTH 20°52'18" EAST, 194.38 FEET; THENCE ALONG THE NORTH RIGHT-OF-WAY LINE OP COUNTY ROAD NO. 50, SOUTH 89058'40" WEST, 246.07 FEET; THENCE NORTH 43010'27" WEST, 62.00 FEET TO THE TRUE POINT OF BEGINNING. en.rr.For rau..e 26k.Fn&?Sr,P.C. W'ua a°`er' °03143°° I IIIIII 11(11111111 IIII IIIIII Illll 111111 III IIIII If I(1111 • 3511697 10/17/2007 02:16P Weld County, CO 697 1 of 2 R 11.00 D 0.00 Steve Moreno Clerk&Recorder QUIT CLAIM DEED THIS DEED,made this ND day of October 2007,by and between KIMBERLY J.MILLER of the County of Weld, State of Colorado,of the first part,and RONALD D.MILLER whose legal address is 8029 WCR 50,Johnstown,Colorado of the County of Weld and State of Colorado,of the second part. WITNESSETH,that the said party of the first part,for and in consideration of the sum of TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION,to the said party of the first part in hand paid by the said party of the second part,the receipt whereof is hereby confessed and acknowledged,does remise, release,sell,convey and QUIT CLAIM,and by these presents does remise,release,sell,convey and QUIT CLAIM unto the said party of the second part, his heirs,successors and assigns,forever,all of the right,title and interest in and to the following described lot or parcel of land situate, lying and being in the County of Weld and State of Colorado. See Exhibit A attached hereto and incorporated herein by reference. also known and numbered as: 8029 WCR 50,Johnstown, CO (NO DOCUMENTARY FEE REQUIRED-TRANSFER PURSUANT TO COURT ORDER IN DISSOLUTION OF MARRIAGE ACTION NO.06DR803,WELD COUNTY DISTRICT COURT) • TO RAVE AND TO HOLD the same, together with all and singular the appurtenances and privileges thereunto belonging or in anywise thereunto appertaining,and all the estate,right,title,interest and claim whatsoever,of the said party of the first part,either in law or equity,to the proper use,benefit and behoof of the said party of the second part,his heirs and assigns forever. IN WITNESS WHEREOF,the said party of the first part has set her hand the day and year first above written. Kimberly J. Miller STATE OF COLORADO ) )ss COUNTY OF WELD The foregoing instrument was acknowledged before me this\Z4''day of October 2007, by Kimberly 1. Miller.My Commission expires: '`'t\1 a'(1 aOt7 +''pW�N'' Notary,P 'ZD �,PUBLIC i • • • ------.- Mtnrrpies ramp ao: LY,Fm&Par,P.C. na TmlOI Dr.,S.iiell0 M•.a nuan.CD60031-4300 • f 111111 IIIII MIDI 111111 IIIII III III 111111111111 3511697 10/17/2007 02:16P Weld County, CO 2 of 2 R 11.00 D 0.00 Steve Moreno Clerk& Recorder EXHIBIT A ' . PART-OF THE'SW 1/4 OF SECTION 33, TOWNSHIP 5'NORTH, RANGE 67.WEST OF THE GTH '. P.M., :WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 33 AND CONSIDERING S±S. WEST LINE AS:BEAR7SIG NORTH 00, 00'.00" EAST WITH ALL BEARINGS CONTAINED HEEBIN,•`:; RELATIVE. THERETO; .. . ,. . . , :• . , ' THENCE NORTH 21044'15" EAST, B1.00 FEET TO A POINT ON THE EASTERLY " , .. RIGHT-OF-WAY LINE OF.COUNTY,ROAD NO. 17,. SAID POINT BEING THE TRUE POINT .OF_.,r.,.:„ . . BEGrl4NINGp.: , . . .F • THENCE NORTH 0O00'00" EAST, :182101 FEET.TO THE CENTERLINE OI' THE ' � . . MOSIER-WILLIAMS DITCH; • - 'LICENCE ALONG.SAID DITCH BY THE FOLLOWING TWO COURSES AND DISTANCES: . SOUT3 84OO1'32" EAST, 140.29 FEET; ' • SOUTH 68°48'41" EAST, '65.49 FEET TO PHh APPROXINLtTE WEST RIGHT-OF-WAY O_.,, . . . • COUNTY ROAD; r' THENCE ALONG THE ARC OF A CURVE TO TEE RIGHT IG WHOSE RADIUS IS 899.49 FEET AND"- WHOSE LONG CHORD BEARS SOUTH 20°52'18" , 194.30 FEET; THENCE ALONG THE NORTH RIGHT-OF-WAY LINE OF. COUNTY ROAD NO. 50,. SOUTH 890583'40" WEST,O246.O7 FEET; . THENCE NORTH 43 10'27" .WEST, 62.00 FEET TO la.I TRUE POINT OF BEGINNING. • • • 1111111111111311111111111111111111111111111111111 �� 3524187 12/18/2007 10:41A Weld County, CO 1 of 2 R 11.00 0 1933 Steve Moreno Clerk&Recorder • III 1119 1111 lIIIl1IIIIIIllIf1II III STATE DOCUMENTARY FEE Date: December 17, 2007 $ 19.33 WARRANTY DEED THIS DEED, Made on this day of December 17, 2007 , between RONALD D. MILLER of the County of and State of , the Grantor(s), and ALLEN MUIRXEAD SR 2414190 uu'Id CDanly Rd Lko Lc Salle Co g0(94/5 whose legal address Is of the County of WELD and state of COLORADO , the Grantee(s): WITNESS, That the Grantor(s), for and in consideration of the elm of ( $193,300.00 ) e•t One Hundred Ninety Three Thousand Three Hundred and 00/100 ••• DOLLARS the receipt and sufficiency of which is hereby acknowledged, has granted, bargained, sold and conveyed, end by these presents does grant, bargain, sell, convey and confirm into the Grantee(s), his heirs and assigns forever, all the real property, together with improvements, if any, situate, lying and being In the County of WELD and State of Colorado, described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF also known as street number 8029 WELD COUNTY ROAD 50 JOHNSTOWN CO 80534 TOGETHER with all and singular end hereditament. and appurtenance. thereto belonging, or In anywise appertaining and the reversion and reversions, remainder and remainders, rents, issues and profits thereof; and all the estate, right title interest, claim and demand whatsoever of the Grantor(s), either in law or equity, of, In and to the above bargained premises, with the heredi Laments and appurtenances;; TO HAVE AND TO HOLD the said premises above bargained and described with appurtenances, unto the Grantee(s), his heirs and assigns forever. The Grantor(s), for himself, his heirs and personal representatives, does covenant, grant, bargain, and agree to and with the Grantea(s), his heirs and assigns, that at the time of the enseel ing and delivery of these presents, he is well seized of the premises above conveyed, has good, sure, perfect, absolute and indefeasible • estate of inheritance, in law, in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and convey the same in manner and form as aforesaid, and that the sane are free and clear fran all former and other grants, bargains, sales, Liens, taxes, nets, noartrances and restrictions of whatever kind or nature soever, sebjees to general tans for the year 2507 and those specifies naeptima described by relerea"e to recorded documents as reflect-rod in the Title Dennonnts a eepted by nrmtofel in+ ardmoe with /nation 1a (nitle Review) of the Contract to Puy and 1.1l Mal 'neat.relating to the above described property; dietribudm utility easaents fineladieg sable TV)) Shoes somatically described sights of third parties net chew by ale public records of which oranteafel bee canal t uowledge and which were accepted by Orenteefsl in ae ordmn. with section ab Chatter.nut room by the Publie aaaordel .d P ontine, Se (surrey series) ef the Contract to Buy and fell seal /stab relating to the above described real property; iv"lueien of the Property within any special tar dierrine; and, the benefit. end burden. of any recorded declaration and party wall agreeaae., if any and other inns The Grantor(s) shall and will WARRANT AND FOREVER DEFEND the above bargained premises in the quiet and peaceable possession of the Grantee(s), his heirs and assigns, against all and every person or persons Lawfully claiming the whole or any part thereof. The singular number shall include the plural, and the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF the Grantor(s) has executed this de in the 'f eJ�dateset forth p�bow BY. -.140 Y, RONALD D. rarida, _ STATE O; c"LOPADO I Ise. 1 ___ County of 7'111W° The foregoing Instrument was acknowledged before me on this day of Deeeaber 17, 2007 , by ROln10 D. 1(155➢5 My e iasi en• gins '� Witness may had ' '.•;t ;sobs:i.N,G NU TAr;v ,. :fJLIl' Notary 9u c • lame and Address o ypmtingJ)wly.Etsetat:t9al Description ( 3S-35-106-5, AR.0.) Escrow', FC2$079019 Nei.ermms w,;,:.cant:.ma L+. n Recorded Return to:ALLEM MARRER0 JR iitlek Fc25079019 92. ll-S I Fore 84 08/29/04 'MI WARRANTY to9raph i c) L A SAl I e co cote 45 (5802129) ITk/1nle • • Weld Co CO 111111 I I I I I111111 I I I I I11111111111111111111111111111111 • 2 of 2 R711.0 D 19.3310:41A Steve Moreno Clerk&Recorder EXHIBIT A PART OF THE SW 1/4 OF SECTION 33, TOWNSHIP 5 NORTH, RANGE 67 WEST OP THE 6TH P.N., WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS, BEGINNING AT THE SOUTHWEST CORNER OP SAID SECTION 33 AND CONSIDERING THE WEST LINE AS BEARING NORTH 00 DEGREES 00' 00" EAST WITH ALL BEARINGS CONTAINED HEREIN RELATIVE THERETO; THENCE NORTH 21 DEGREES 44' 15" EAST, 81.00 FEET TO A POINT ON TUE EASTERLY RICHT-OP-WAY LINE OP COUNTY ROAD NO. 17, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 00 DEGREES 00' 00" EAST, 182.01 FEET TO THE CENTERLINE OF THE MOSIER-WILLIAMS DITCH; THENCE ALONG SAID DITCH BY THE FOLLOWING TWO COURSES AND DISTANCES: SOUTH 84 DEGREES 01' 32" EAST, 140.29 FEET; SOUTH 68 DEGREES 48' 41" EAST, 85.49 FEET TO THE APPROXIMATE WEST RIGHT-OF-WAY OF COUNTY ROAD; THENCE ALONG THE ARC OF A CURVE TO THE RIGHT WHOSE RADIUS IS 899.49 FEET AND WHOSE LONG CHORD BEARS SOUTH 20 DEGREES 52' 18" EAST, 194. 38 FEET; THENCE ALONG THE NORTH RIGHT-OF-WAY LINE OP COUNTY ROAD NO. 50, SOUTH 89 DEGREES 58' 40" WEST, 246.07 FEET; THENCE NORTH 43 DEGREES 10' 27" WEST, 62.00 FEET TO THE TRUE POINT OF BEGINNING • • Form 62HIe1TR 01/17/03 FC25079019 12‘.N\ • eRecorded in Weld County,CO Doc Id:3561944 06/19/2008 02:59 P Receipt#:7364463 • Page:1 of 1 Total Fee:$28.37 Steve Moreno, Clerk and Recorder • WARRANTY DEED THIS DEED,made this 16th day of June,2008,between Allen Muirhead Jr of the County of Weld and State of Colorado,Grantor,and William G.Askew whose legal address is:962 5th Street,Berthoud,CO 80513 of the County of Weld and State of Colorado,grantee: WITNESS,that the grantor,for and in consideration of the sum of ($223,750.00)Two Hundred Twenty Three Thousand Seven Hundred Fifty dollars and Zero cents,the receipt • and sufficiency of which is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant,bargain,sell,convey and confirm,unto the grantees,their heirs and assigns forever,all the real property,together with improvements, if any, situate,lying and being in the County of Weld and State of Colorado described as follows: Part of the SW Ye of Section 33,Township 5 North,Range 67 West of the 6s PM.,Weld County,Colorado, being more particularly described as follows: Beginning at the Southwest corner of said Section 33 and considering the West line as bearing North 00°00'00"East with all bearings contained herein relative thereto; thence North 21°44'l$'Bast,81.00 feet to a point on the Easterly right-of-way line of County Road No.17,said point being the True Point of Beginning thence North 0°00'00"East,182.01 fret to the centerline of the Mosier-Williams Ditch;thence along said ditch by the following two courses and distances: South 84°01'32" East,140.29 feet;South 68°48'41"East,85.49 feet to the approximate West right-of-way of County Road;thence along the am of a curve to the right whose radius is 899/49 feet and whose long chord bears South 20°52'18" • East,19438 feet;thence along the North right-of-way line of County Road 50,South 89°58'40"West,246.07 feet;thence North 43°10'27"West,62.00 feet to the True Point of Beginning,County of Weld,State of Colorado also known by street and number as: 8029 WCR 50,Johnstown,CO 80534 TOGETHER with all and singular the hereditament] and appurtenances thereto belonging, or in anywise appertaining,and thc reversion and reversions,remainder and remainders,rents,issues and profits thereof,and • all the estate,right,title,interest,claim and demand whatsoever of the grantor,either in law or equity,of in and to the above bargained premises,with the hereditaments and appurtenances. TO HAVE AND TO HOLD the said premises above bargained and described,with the appurtenances,unto the grantee,his heirs and assigns forever. And the grantor,for himself,his heirs,and personal representatives,does covenant,grant,bargain,and agree to and with the grantee,his heirs and assigns,that at the time of the ensealing and.delivery of these presents,he is well seized of the premises above conveyed,has good,sure,perfect,absolute and indefeasible estate of inheritance,in law,in fee simple,and has good right,full power and lawful authority to grant,bargain,sell and convey the same in manner and form as aforesaid,and that the same are free and clear from all former and other grants, bargains, sales, liens,taxes, assessments, encumbrances and restrictions of whatever kind or nature soever,except • The grantor shall and will WARRANT AND FOREVER DEt'e.ND the above-bargained premises in the quiet and peaceable possession of the grantee,his heirs and assigns,against all and every person or persons lawfully claiming the whole or any part thereof The singular number shall include the plural,the plural the singular,and ' the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF,the grantor has executed this deed on the date set forth above. Allen Muirhead Jr STATE OF Colorado • )ss. COUNTY OF Weld The foregoing Instrument was acknowledged before me this 16th day of June,2008,by Allen Muirhead Jr My commission expires August 29,2009. Witn my hand and o cial seaL k. • f of t1OTARk I \ Fire Number. 503109 Y92a09 No.932A-Warranty Ned yt corm eswn Wes Pawl of Ng I eKecorded in weld County,CU Uoc Id:3bb1944 06/19/2008 02:59 P Receip 7364463 • Page: 1 of 1 Total 28.37 Steve Moreno, Clerk and Recorder WARRANTY DEED OTIIS DEED,made this 16th day of June,2008,between Allen Muirhead Jr of the County of Weld and State of Colorado,Grantor,and William G.Askew whose legal address is:962 5th Street,Berthoud,CO 80513 of the County of Weld and State of Colorado,grantee: WITNESS,that the grantor,for and in consideration of the sum of ( $223,750.00)Two Hundred Twenty Three Thousand Seven Hundred Fifty dollars and Zero cents,the receipt and sufficiency of which is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents does grant,bargain,sell, convey and confirm,unto the grantees,their heirs and assigns forever, all the real property,together with improvements, if any, situate, lying and being in the County of Weld and State of Colorado described as follows: Part of the SW'/ of Section 33,Township 5 North,Range 67 West of the 6'h P.M.,Weld County,Colorado, being more particularly described as follows: Beginning at the Southwest corner of said Section 33 and considering the West line as bearing North 00°00'00"East with all bearings contained herein relative thereto; thence North 21°44'15"East,81.00 feet to a point on the Easterly right-of-way line of County Road No. 17,said point being the True Point of Beginning;thence North 00°00'00"East, 182.01 feet to the centerline of the Mosier-Williams Ditch;thence along said ditch by the following two courses and distances: South 84°01'32" East, 140.29 feet;South 68°48'41"East,85.49 feet to the approximate West right-of-way of County Road;thence along the arc of a curve to the right whose radius is 899/49 feet and whose long chord bears South 20°52'18" East, 194.38 feet;thence along the North right-of-way line of County Road 50,South 89°58'40"West,246.07 feet;thence North 43°10'27"West,62.00 feet to the True Point of Beginning,County of Weld,State of Colorado also known by street and number as: 8029 WCR 50,Johnstown,CO 80534 TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, and the reversion and reversions,remainder and remainders,rents, issues and profits thereof, and all the estate,right,title,interest, claim and demand whatsoever of the grantor,either in law or equity,of,in and the above bargained premises,with the hereditaments and appurtenances. to •I'O HAVE AND TO HOLD the said premises above bargained and described,with the appurtenances,unto the grantee,his heirs and assigns forever. And the grantor,for himself,his heirs,and personal representatives,does covenant,grant,bargain,and agree to and with the grantee,his heirs and assigns,that at the time of the ensealing and delivery of these presents,he is well seized of the premises above conveyed,has good,sure,perfect,absolute and indefeasible estate of inheritance,in law,in fee simple,and has good right,full power and lawful authority to grant, bargain, sell and convey the same in manner and form as aforesaid,and that the same are free and clear from all former and other grants, bargains, sales, liens, taxes, assessments, encumbrances and restrictions of whatever kind or nature soever,except The grantor shall and will WARRANT AND FOREVER DEFEND the above-bargained premises in the quiet and peaceable possession of the grantee, his heirs and assigns, against all and every person or persons lawfully claiming the whole or any part thereof. The singular number shall include the plural,the plural the singular,and the use of any gender shall be applicable to all genders. IN'WITNESS WHEREOF,the grantor has executed this deed on the date set forth above. -; /--- j2/C Allen Muirhead Jr STATE OF Colorado ) )ss. COUNTY OF Weld ) The foregoing instrument was acknowledged before me this 16th day of June,2008,by Allen.Muirhead Jr My commission expires August 29,2009. Witn smy hhaand and o cral seal. .A• Mtn Pub C: , 1 ,- .` Poetic p Pte, File Number: 803109 29 7.009 No.932A-Warranty Deed MV Coma-natan ej9ues Aug Page I of I eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:a Receipt#: 7364464 Page: 1 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • WHEN RECORDED MAIL TO: FbsTier Bank-Interloaken 555 Eldorado Blvd Suite 100 Broomfield,CO 80021 FOR RECORDER'S USE ONLY DEED OF TRUST THIS DEED OF TRUST is dated June 16, 2008, among WILLIAM G. ASKEW, whose address is 962 5TH ST, BERTHOUD, CO 80513 ("Grantor"); FirsTier Bank, whose address is Loveland Bank, 2695 Rocky Mountain Ave Ste 110,Loveland, CO 80538(referred to below sometimes as"Lender" and sometimes as "Beneficiary");and the Public Trustee of WELD County,Colorado(referred to below as"Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Grantor hereby Irrevocably grants,transfers and assigns to Trustee for the benefit of Lender as Beneficiary all of Grantor's right,title,and interest in and to the following described real property,together with all existing or subsequently erected or affixed buildings,improvements and fixtures:all easements,rights of way,and appurtenances; all water,water rights and ditch rights(Including stock in utilities with ditch or irigatlan rights);and all other rights,royalties,and profits relating to the real property,including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property")located In WELD County,State of Colorado: PART OF THE SW 1/4 OF SECTION 33,TOWNSHIP 5 NORTH, RANGE 67 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 33 AND CONSIDERING THE WEST LINE AS BEARING NORTH 00°00'00" EAST WITH ALL BEARINGS CONTAINED HEREIN RELATIVE THERETO; THENCE NORTH 21°44'15" EAST, 81.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF--WAY LINE OF COUNTY ROAD NO.17, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 00°00'00" EAST, 182.01 FEET TO THE CENTERLINE OF THE MOSIER-WILLIAMS DITCH; THENCE • ALONG SAID DITCH BY THE FOLLOWING TWO COURSES AND DISTANCES:SOUTH 84°01'32"EAST, 140.29 FEET;SOUTH 68'48'41" EAST,85.49 FEET TO THE APPROXIMATE WEST RIGHT-OFWAY OF COUNTY ROAD;THENCE ALONG THE ARC OF A CURVE TO THE RIGHT WHOSE RADIUS IS 899149 FEET AND WHOSE LONG CHORD BEARS SOUTH 20°52'18" EAST; 194.38 FEET; THENCE ALONG THE NORTH RIGHT-OF-WAY LINE OF COUNTY ROAD 50, SOUTH 89°58'40" WEST, 246.07 FEET; THENCE NORTH 43'10'27" WEST, 62.00 FEET TO THE TRUE POINT OF BEGINNING, COUNTY OF WELD,STATE OF COLORADO The Real Property or Its address is commonly known as 8029 WCR 50 ,JOHNSTOWN,CO 80534. CROSS•COLLATERALRATION. In addition to the Note,this Deed of Trust secures all obligations,debts and liabilities,plus interest thereon,of Grantor to Lender,or any one or more of them,as well as ell claims by Lender against Grantor or any one or mare of them,whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note,whether voluntary or otherwise,whether due or not due,threat or Indirect,determined or undetermined,absolute or contingent,liquidated ar unliquldated, whether Grantor may be liable individually or jointly with others, whether obligated as guarantor,surety,accommodation party or otherwise,and whether recovery upon such amounts may be or hereafter may become barred by any statute of Imitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. and t in and to s presently future leases e Lender f (also known as Beneficiary from In this Proppeerty.Trust) dddion, Gra Grantor's ntor grants 0 to Lmendersa UnRmm at present rciand fute Interest of the Property and Rents. a Commercial Code security Interest hi the Personal Property THIS DEED OF TRUST,INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED F TRUST. PERFORMANCEANY THIS DEED OF TRUST ISGIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust,Grantor shall pay to Lender all amounts secured by this Deed of Trust as they become due,and shall strictly and in a timely manner perform all of Grantor's obligations under the Note,this Deed of Trust,and the Related Documents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's possession and use or the Property shell be governed by the fallowing provisions Possession and Use. Until the occurrence of an Event of Default,faun r n Grantorents from(t)th remain Property.in possession and control of the Property; (2) use,operate or manage the Property;and (3) Duty to Maintain. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs,replacements,and maintenance necessary to preserve its value. Compliance With Environmental Laws, n olor represents a manufacture, to,storage, that (1) During o the period of Grantor's seownership of of the Properly,there has been no r use,generation,about or from the treatment,Grantor o hl, oa or threatenedof,or release any that he Substance been, any t as pr on,s di, o from tck Property;wlge (2)Lender has no knowledge re m or reason to f that there nvi has except ) previously disclosed generation, enr to and manufacture, y treat in writing,di (a)l any breach threatened violation tee le any e Environmental ardol b, @) any use, on from the Property storage, treatment,ow disposal, release or Property, te(a)se of any Hazardous Substance n on,under,about or from the Property by any prior owners t or;and (3) of the p previo or (c) any actual or threatened litigation or dolma of any kind by any person relating to such matters;and (3) Except • as previously us r disclosed to and acknowledged. by Lender writing, (a) neither Grantor of or release any Hazardous nt,contractor,agent Subsl Substance on, authorized der,a user or of the Property r y; use. )generate,manufacture,store,conducted treat,dispose and o,about from the Property,and (s any such activity shall be aon nWron M s. with all applicable k federal,state, its and local laws.regulations amt ordinances,Including without limitation all EnvironmeMel Laws. Grantor authorizes Lender and its eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:S Receipt#: 7364464 Page: 2 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • DEED OF TRUST Loan No: 2123 (Continued) Page 2 agents to enter upon the Property to make such inspections and lasts,at Grantor's expense,as Lender may deem appropriate to determine compliance of the Properly with this section of the Deed of Trust. Any inspections or tests made by Lander shall be for Lender's purposes only and shall not be construed to create any responsibility or liability on the pad of Lender to Grantor or to any other person. The representations and warranties contained herein are based an Grantor's due diligence In investigating the Property for Hazardous Substances. Grantor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under any such laws;end (2) agrees to indemnify, defend,and hold harmless Lender against any and all claims,losses,tisanes,damages,penalties,and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach of this section of the Deed of Trust or as a consequence of any use,generation,manufacture,storage,disposal,release or threatened release occtming prior to Grantor's ownership or Interest it,the Properly,whether or not the sane was or should have been known to Grantor, The provisions of this section of the Deed of Trust,including the obligation to indemnify and defend,shall survive the payment of the Indebtedness and the satisfaction end reconveyence of the lien of Nis Deed of Trust and shall not be affected by Lender's acquisition of any Interest In the Property, whether by foreclosure or otherwise. Nuisance,Waste. Grantor sties not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the foregoing,Grantor will not remove,or grant to any other party the right to remove,any timber,minerals(including at and gas),coal,clay,scoria,soil,gravel or rock products without Lender's prior written consent. Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory to Lander to replace such Improvements with Improvements of at east equal value. Lender's Right to Enter. Lender and Lenders agents and representatives may enter upon the Real Property at all reasonable times to attend to Lender's Interests and to inspect the Real Property for purposes of Grantor's compliance with the terms and conditions of this Deed of Trust. Compliance with Governmental Requirements. Granter shall promptly comply with and laws,ordinances,and regulations,now or hereafter hi effect,of all governmental authorities applicable to the use or occupancy of the Property,Including without limitation. the Americans With Disabilities Act. Grantor may contest in good faith any such law, ordinance, or regulation end withhold compliance during any proceeding,including appropriate appeals,so long es Grantor has notified Lender in writing prior to doing so and so long as,In Lender's sole opinion,Lender's interests in the Property am not jeopardhed. Lender may require raptor to post adequate security or a surety bond,reasonably satisfactory to Lender,to protect Lender's interest. Duty to Protect. Grantor agrees neither to abandon or leave unattended the Property. Grantor shall do all other acts,in addition to those acts set forth above in this section,which from the character and use of the Property are reasonably necessary to protect and preserve the Property. DUE ON SALE-CONSENT BY LENDER. Lender may,at Lander's option,declare immediately due and payable all sums secured by this Deed of Trust upon the sale or transfer,without Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A"sale or hmsfer'means the conveyance of Real Property or any right, title or interest in the Real Property;whether legal, benefic'ul or equitable;whether voluntary or involuntary; whether by outright sale, deed.Installment sale contract,land coned,contract for deed,leasehold interest with a term greater than three(3)years,lease-option contract.or by sale, assignment,or transfer of any beneficial merest In or to any land trust holding title to the Real Property,or by any other method of conveyance of an interest in the Real Property. However,this option shall not be exerdaed by Lender if such exercise is prohibited by federal law or by Colorado law. TAXES AND MIENS The folbwtng provisions relating to the taxes and liens on the Property are part of this Deed of Trust: Payment. Grantor shall pay when due (and in at events prior to delinquency)all taxes,special taxes,assessments, charges (including water and sewer),files and impositions levied against or on account of the Property.and shell pay when due all claims for work done on or for services rendered or material furnished to the Property. Grantor shall maintain the Property free of all tens having priority over or equal to the interest of Lender under this Deed of Trust,except for the lien of taxes and assessments not due and except as otherwise provided in this Deed of Trust. Right to Contest. Grantor may withhold payment of any tax,assessment,or claim in connection with a good faith dispute over the obligation to pay,so long as Lender's interest in the Property is not jeopardized. If a lien arises or is Ned as a result of nonpayment,Grantor shell within fifteen(15)days after the lien arises or,if a lien is filed,within fifteen(15)days atter Grantor has notice of the filing, secure the discharge of the lien,or If requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and attorneys'lees,or other charges that could accrue as a result of a foreclosure or sale under the ten. In any contest,Grantor shell defend Itself and Lender and shall satisfy any adverse judgment before enforcement against the Property. Grantor shal name Lender as en additional obligee under any surety bond furnished in the contest proceedngs. Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall euthorhe the appropriate governmental official to deliver to Lender at any time a written statement or the taxes and assessments against the Property. Notice of construction. Grantor shall notify Lender at least fifteen(15)days before any work is otremenced,any services are furnished,or any materials we supplied to the Property,If any mechanic's lien.materialmen's ten,or other lien could be asserted an account of the work, services, or materials. Grantor will upon request of Lender furnish to Lander advance assurances satisfactory to Lender that Grantor can end will pay the cost of such hnprovanents. PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of Trust. Maintenance of Insurance. Grantor shall procure end maintain policies of fire insurance with standard extended coverage endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application of any coinsurance clause,and with a standard mortgagee clause in favor of Lender. Grantor shall also procure and maintain comprehensive general liability insurance in such coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such liability insurance policies. Additionally,Grantor shell maintain such other insurance,including but not limited to hazed,business interruption,and boiler insurance.as Lender may reasonably require. Policies shell be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Grantor, upon request of Lender,will deliver to Lender from time to time the halides or certificates or insurance in form satisfactory to Lander, including stipulations that coverages will not be cancelled or diminished without at least ten(10)days prior written notice to Lender. Each insurance policy also shall include en endorsement providing that coverage in favor of Lender will not be impaired In any way by any act.omission or default of Grantor or any other person. Should the Real Property be located in an area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area,Grantor agrees to obtain end maintain Federal Flood Insurance,If available, for the full unpaid principal balance of the loan and any prior liens on the property securing the loan,up to the maidnIum policy limits set under the National Hood Insurance Program,or as otherwise required by Lender,and to maintain such insurance for the term of the loan. Application of Proceeds. Grantor shall promptly notify Lender of any loss or demand to the Property. Lender may make proof of so with in if Grantor fails to do so within fifteen(15)days of the casualty. Whether or not Lender's security is impaired,Lender may, at Lender's election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness,payment of any tan affecting the Property,or the restoration and repair of the Property. If Lender elects to apply eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:541 Receipt#: 7364464 Page: 3 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • Loan No:2 DEED OF TRUST '123 (Continued) Page 3 the process to restoration and repair, Grantor shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to Lender'. Lender shall,upon satisfactory proof of such expenditure,pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration if Grantor is not in default under.this Deed of TrusL Any proceeds which have not been disbursed within 180 days after their receipt and which Lender has not committed to the repair or restoration of the Properly shall be used first to pay any amount owing to Lender under this Deed of Trust,then to pay accrued interest,and the remainder,if any,shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds after payment in lull of the Indebtedness,such proceeds shall be paid to Grantor as Grantor's interests may appear. Grantor's Report on Insurance. Upon request of Lender,however not more than once a year,Grantor shall furnish to Lender a report on each existing pommy of Insurance showing: (1) the name of the insurer, (2) the risks Insured; (3) the amount of the policy; (4) the property Insured,the then current replacement value of such property,and the manner of determining that value; and (5) the expiration date of the policy. Grantor shall,upon request of Lender,have an independent appraiser satisfactory to Lender determine the cash value replacement cost of the Property. LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the Property or if Grantor fells to comply with any provision of this Deed of Trust or any Related Documents,including but not limited to Grantor's failure to discharge or pay when due any amounts Grantor is required to discharge or pay under this Deed of Trust or any Related Documents,Lender an Grantor's behalf may(but shall not be obligated to)take any action that Lender deems appropriate,including but not limited to discharging or paying et taxes,liens,security interests.encumbrances and other claims,at any time levied or placed on the Property and paying all costs for Insuring,maintaining end preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the dale of repayment by Grantor. All such expenses will become a pan of the Indebtedness and,at Lender's option,will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any Instalment payments to become due during either (1) the term of any applicable insurance policy,or (2) the remaining term of the Note;or (C) be treated The Deed of Trust also will secure amounts.as a Suchyrighthtt which shall be in laddn due onn to all othherriights the aidNote's remedlesatodwhich Lender may be entitled upon Defauleyment of these WARRANTY;DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust Title. Grantor warrants that: (a)Grantor holds good and marketable title of record to the Property in fee simple,free and deer of all liens and encumbrances other than those set forth in the Real Property description or in any title Insurance policy,title report, or final title opinion issued In favor of,and accepted by.Lender in connection with this Dead of Trust,and (b)Grantor has the full right,power,and authority to execute and deliver this Deed of Trust to Lander. Defense of Title. Subject to the exception in the paragraph above. Grantor warrants and will forever defend the title to the Properly against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Grantor's title or the interest of Trustee or Lender under this Deed of Trust,Grantor shall defend the action at Grantor's expense. Grantor may be the nominal party in such proceeding,but Lander shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of Lender's own deice,and Grantor will deliver,or cause to be delivered,to Lender such Instruments as Lender may request from time to time to permit such participation. Compton With Laws. Grantor warrants that the Property end Grantor's use of the Property complies with all existing • applicable laws,ordinances,and regulations of governmental authorities. Survival of Representations and Warranties. All representations,warranties,and agreements made by Grantor In this Deed of Trust shall survive the execution and delivery of this Deed or Trust,shell be continuing in nature,and shall remain in full force and effect until such time as Granter's Indebtedness shall be paid in full. CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Deed of Trust Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and Grantor that promptly take such steps as may be necessary to defend the action and obtain the award. Grantor may be the nominal party in such proceeding,but Lender shall be entitled to participate to the proceeding and to be represented in the proceeding by counsel of its own choice,and Grantor will delver or cause to be delivers to Lender such instruments and documentation as may be requested by Lender from time to time to permit such Participation. Application of Net Proceeds. If all or any pan of the Property is condemned by eminent domain proceedings or by any proceeding or purchase in lieu of condemnation,Lender may at its election require that at or any portion of the net proceeds of the award be applied to the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of all reasonable costs, expenses, and attorneys'fees Incurred by Trustee or Lender In connection with the condemnation. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes,fees and charges area part of this Deed of Trust: Current Taxes,Fees and Charges. Upon request by Lender,Grantor shell execute such documents In addition to this Deed of Trust and take whatever other action is requested by lender to perfect and continue Lender's Ilen on the Real Property. Grantor shall reimburse Lender for all taxes,as deserted below,together with all expenses Incurred In recording,perfecting or continuing this Deed of Trust,including without limitation all taxes,fees,documentary stamps,and other charges for recording or registering this Deed of Dust. Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of Deed of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Grantor which Grantor is authorized or required to deduct from payments on the Indebtedness secured by this type of Deed of Trust; (3) a tax on this type of Deed of Trust chargeable against the Lender or the holder of the Note;and (4) a specific tax on all or any portion of the Indebtedness or on payments of principal end interest made by Grantor. Subsequent the Taxes.m If c tax to which section apples Is enacted rci subseq uent the dale of this Deed of Trust,this event shall have same effect as an Event of Default,and Lender may exercise any or all of Its available remedies for an Event of provided below unless Grantor either (1) pays the tax before it becomes delinquent, or (2) contests the tax es provide as pm provided above in the Taxes and Liens section and deposits with Lender cash car a sul(mienl corporate surety bond car o er security satisfactory to Lender. SECURITY AGREEMENT;FINANCING STATEMENTS. The following provisions relating to this Deed of Trust ass security agreement area part of this Deed of Trust: Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender shall have all of the rights of a secured patty under the Uniform Commercial Code as amended from time to lime. Security Interest. Upon request by Lender,Grantor shall take whatever action is requested by Lender to perfect end continue Landers security Interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the real property records. Lender may, at any time and without further authorization from Grantor, file executed counterparts, copies or • reproductions of this Deed of Trust as a financing statement. Granter shell reimburse Lander for all expenses incurred in perfecting or continuing this security interest. Upon default,Grantor shall net remove, sever or detach the a Personal r Prope� from the Property. Upon default,Grantor shall assemble any Personal Property not affixed to the Property in receipt man of end written t place reasonably convenient to Grantor and Lender end make it available to Lander within three(3)days demand from Lender to the extent permitted by applicable law. eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:59 Receipt#: 7364464 Page: 4 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • DEED OF TRUST Loan No: 2123 (Continued) Page 4 Addresses. The matting addresses of Grantor(debtor)and Lender(secured party)from which information concerning the security interest granted by this Deed of Trust may be obtained(each as required by the Uniform Commercial Code)are as stated on the that page of this Deed of Trust. FURTHER ASSURANCES;ATTORNERIWFACT. The following provisions relating to further assurances and attorney-in-fact are a pad of this Deed of Trust, Further Assurances. At any time,and from time to time.upon request of Lender,Grantor will make,execute and deliver,or will cause to be made,executed or delivered,to Lender or to Lender's designee,and when requested by Lender.cause to be filed, recorded, retied, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate,any and all such mortgages,deeds of trust security deeds,security agreements,financing statements,continuation statements, instruments of further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate,complete,perfect,continue,or preserve (1) Grantor's obligations under the Note, this Deed of Trust,and the Related Documents,end (2) the liens end security Interests created by this Deed of Trust as first and prior liens on the Property,whether now owned or hereafter acquired by Grantor. Unless prohibited by law or Lender agrees to the contrary in writing, Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to In this paragraph. Attorney-in-Fact If Grantor falls to do any of the things referred to in the preceding paragraph,Lender may do so for and In the name of Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints Lander as Grantor's attorney-in-fact for the purpose of making,executing,delivering,filing,recording,and doing all other things as may be necessary or desirable,in Lenders sole opinion,to accomplish the matters referred to in the preceding paragraph. FULL PERFORMANCE. Upon the full performance of all the obligations under the Note and this Deed of Trust,Trustee may.upon production of documents and fees as.required under applicable law,release this Deed of Trust, and such release shell constitute a release of the lien for all such additional sums and expenditures made pursuant to this Deed of Trust. Lender agrees to cooperate with Grantor in obtaining such release and releasing the other collateral securing the Indebtedness. Any release fees required by law shall be paid by Grantor,if permitted by applicable law. EVENTS OF DEFAULT. Each of the following,at Lender's option,shall constitute an Event of Default under this Deed of Truss Payment Default. Grantor falls to make any payment when due under the indebtedness. Other Defaults. Grantor halls to comply with or to perform any other tens, obligation,covenant or condition contained in this Deed of Trust or In any of the Related Documents or to comply with or to perform any torn,obligation,covenant or condition contained in any other agreement between Lender and Grantor. Compliance Default. Failure to comply with any other term,obligation.covenant or condition contained in this Deed of Trust,the Note or m any of the Related Documents. Default on Other Payments- Failure of Grantor within the time required by this Deed of Trust to make any payment for taxes or Insurance,or any other payment necessary to prevent filing of or to effect discharge of any lien. Default in Favor of Third Parties. Should Grantor default under any loan,extension of credit,security agreement,purchase or • sales agreement,or any other agreement,in favor of any other creditor or person that may materially affect any of Grantor's property or Grantors ability to repay the indebtedness or perform their respective obligations under this Deed of Trust or any of the Related Documents. False Statements. Any warranty,representation or statement made or furnished to tender by Grantor or on Grantor's behalf under this Deed of Trust or the Related Documents is false or misleading In any material respect,either now or at the lime made or furnished or becomes false or misleading et any time thereafter. Defective Callateraltzatlon. This Deed of Trust or any of the Related Documents ceases to be in full force and effect(including failure of any collateral doe meet to create a valid and perfected security interest or lien)at any time and for any reason. Death or Insolvency. The death of Grantor,the insolvency of Grantor,the appointment of a receiver for any part of Grantor's property,any assignment for the benefit of creditors,any type of creditor workout,or the commencement of any proceeding under any bankruptcy or insolvency taws by or against Grantor. Creditor or Forfeiture Proceedings, Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help.repossession or any other method, by any creditor of Grantor or by any governmental agency against any property securing the Indebtedness. This includes a garnishment of any of Grantor's accounts,including deposit accounts,with Lender. However,this Event of Default shall not apply If there is a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Grantor gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding,in en amount determined by Lender,in its sole discretion,as being an adequate reserve or bond for the dispute. Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor and Lender that is not remedied within any grace period provided therein,including without limitation any agreement concerning any indebtedness or other obligation of Grantor to Lender,whether existing now or later. Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surely, or accommodation party of any of the indebtedness or any guarantor,endorser,surety,or accommodation party dies or becomes incompetent,or revokes or disputes the validity of,or liability under,any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Grantor's financial condition,or Lender believes the prospect of payment or performance of the Indebtedness Is Impaired. Right to Curt If any default other than a default in payment is curable and if Grantor has not been given a notice of a breach of the same provision of this Deed of Trust within the preceding twelve(12)months, it may be cured if Grantor,after receiving written notice torn Lender demanding cure of such default (1) cures the default within twenty(20)days;or (2) If the cure requires more than twenty(20)days,immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes a9 reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust,al any lime thereafter.Trustee or Lender may exercise any one or more of the following rights and remedies: Election of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy,and an election to make expenditures or to take action to perform an obligation of Grantor tinder this Deed of Trust, after Grantor's failure to perform,shall not affect Lender's right to declare a default and exercise its remedies. Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire indebtedness immediately due and payable,including any prepayment penalty which Grantor would be required to pay. • Foreclosure. Lender shall have the right to cause at or eny part of the Real Property,and Personal Property,if Lender decides to proceed against It as if it were real property,to be sold by the Trustee according to the laws of the State of Colorado as respects foreclosures against real property. The Trustee shall give notice in accordance with the laws of Colorado. The Trustee shall apply the proceeds of the sale in the following order (a) to all coats and expenses of the sale. Including but not limited to Trustee's fees,attorneys'fees,and the cost of title evidence; (b)to all sums secured by this Deed of Trust;and (c)the excess, eRecorded in Weld County, CO Doc Id: 3561945 • 05/19/2008 02:5• Receipt#: 7364464 Page: 5 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • DEED OF TRUST Loan No:2123 (Continued) Page 5 if any,to the person or persons legally entitled to the excess. UCC Remedies. With respect to all or any part of the Personal Property. Lender shall have all the rights and remedies or a secured party under the Uniform Commercial Code. Collect Rents. Lender shall have the tight,without notice to Grantor to take possession of end manage the Property end collect the Rents, Including amounts past due and unpaid, and apply the net proceeds. over and above Lender's costs, against the Indebtedness. In furtherance of this right,Lender may require arty tenant or other user of the Property to make payments of rent or use fees directly to Lender. If the Rents are collected by Lender,then Grantor Irrevocably designates Lender es Grantor's adomey-in-fact to endorse instruments received in payment thereof in the name of Grantor and to negotiate the same and collect the proceeds. Payments by tenants or other users to Lender in response to Lender's demand shall satisfy the obligations for which the payments are merle,whether or not any proper grounds for the demand existed. Lander may exercise Its rights under this subparagraph either In person,by agent,or through a receiver. Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property. with the power to protect and preserve the Property,to operate the Property preceding foreclosure or sale,and to collect the Rents from the Property and apply the proceeds,over end above the cost of the receivership,against the Indebtedness. The receiver may serve without bond If permitted by law, Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the Indebtedness by a substantial amount. Employment by Lender shall not disqualify a parson from serving as a receiver. Receiver may be appointed by a court of competent jurisdiction upon ex parte application and without notice,notice bang expressly waived. Tenancy at Sufferance. If Grantor remains In possession of the Property after the Property is sold as provided above or Lender otherwise becomes entitled to possession of the Property upon default of Grantor,Grantor shell become a tenant at sufferance of Lender or the purchaser of the Property and shall,at Lender's option, ether (1) pay a reasonable rental for the use of the Property,or (2) vacate the Property immediately upon the demand of Lender. Other Remedies. Trustee or Lender shad have any other right or remedy provided in this Deed of Trust or the Note or available al law or in equity. Sale of the Property. In exercising its rights and remedies.Lender shall be free to designate an or before it files a notice of election and demand with ate Trustee,that the Trustee sell ell or any part of the Property together or separately,in one safe or by separate sales. Lender shall be entitled to bid at any public sale on all or any portion of the Property. Upon any sale of the Property,whether made under a power of sale granted in this Deed of Trust or pursuant to judicial proceedings,if the holder of the Note is a purchaser et such sale, it shall be entitled to use and apply ell, or any portion of. the Indebtedness for or in settlement or payment of all,or any portion of,the purchase price of the Property purchased, and.in such case,this Deed of Trust, the Note,and any documents evidencing expenditures secured by this Deed of Trust shall be presented to the person conducting the sale in order that the amount of Indebtedness so used or applied may be credited thereon as having been paid. Attorneys'Fees;Expanses. If Lender forecloses or Institutes any suit or action to enforce any of the terms of this Deed of Trust, Lender shall be entitled to recover such sum as the court may adjudge reasonable as attorneys'teas et trial and upon any appeal. Whether or not any court action is involved,and to the extent not prohibited by law,all reasonable expenses Lender Mars that in . Lender's opinion are necessary at any time far the protection of its interest or the enlo,Ian mut of its rights she become a part of the Indebtedness payable on demand and shall bear Interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph include, without limitation, however subject to any limits under applicable law, Lenders attorneys'fees whether or not there is a lawsuit,including attorneys'fees and expenses for bankruptcy proceedings(including efforts to modify or vacate any automatic stay or injunction),appeals,and any anticipated post-judgment collection services,the cost of searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal fees, title Insurance,and fees for the Trustee,to the extent pemeted by applicable law. Grantor also will pay any court costs,In addition to all other sums provided by law. Rights of Trustee. To the extent permitted by applicable law,Trustee shall have all of the rights and duties of Lender as set forth in this section. NOTICES. Any notice required to be given under this Deed of Trust,including without imitation any notice of default and any notice of sale shall be given in writing, and shad be effective when actually delivered. when atsuaSy received by telefacsdnile (unless otherwise required by law),when deposited with a nationally recognized overnight courier,or.If mailed,when deposited in the United States mail,as rant class, certified or registered mall postage prepaid, directed to the addresses shown near the beginning of this Deed of Trust_ All copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust shall be sent to Lenders address.as shown near The beginning of this Deed of Trust. Any party may change its address for notices under this Deed of Trust by giving formal written notice to the other parties,specifying that the purpose of the notice is to change the party's address. For notice purposes,Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise provided or required by law,if there is more than one Grantor,any notice given by Lender to any Grantor Is deemed to be notice given to all Grantors. MISCELLANEOUS PROVISIONS The following miscellaneous provisions area part of this Deed of Trust Amendments. This Deed of That,together with any Related Documents,constitutes the entire understanding end agreement of the parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment. Annual Reports. If the Property is used far purposes other than Grantor's residence, Grantor shall furnish to Lender, upon request,a certified statement of net operating income received from the Property during Grantor's previous fiscal year in such fans and detail as Lender shall require. 'Net operating income'shag mean all cash receipts from the Property less all cash expenditures made in connection with the operation of the Property. Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be used to Interpret or define the provisions of this Deed of Trust. Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest or estate In the Property at any time held by or for the benefit of Lender In any capacity,without the written consent of Lender. Govemng Law. This Deed of Trust will be governed by federal law applicable to Lender and,to the extent not preempted by federal law,the laws of the State of Colorado without regard to its conflicts of law previsions. This Deed of Trust has been accepted by Lender in the State of Colorado. Choice of Venue. If there is a lawsuit.Grantor agrees upon Lender's request to submit to the jurisdiction of the courts of Latimer County,State of Colorado. No Waiver by Lender. Lander shell not be deemed to have waived any rights under the Deed of Trust unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a • waiver of such right or any other right. A waiver by Lender of a provision of this Deed of Trust shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision or any other provision of this Deed of Trust. No prior waiver by Lender,nor any course of dealing between Lender and Grantor,shell constitute a waiver of any of Lenders rights or of any of Grantor's obligations as to arty future transactions. Whenever the consent of Lender is required under this Deed of Trust, the granting of such consent by Lander in any instance shall not constitute continuing consent to subsequent eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:5fl Receipt#: 7364464 Page: 6 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • DEED OF TRUST Loan No:2123 (Continued) Page 6 instances inhere such consent is required and In all cases such consent may be granted or withheld in the sole discretion of Lender. Severabllity. If a court of competent jurisdiction finds any provision of this Deed of Trust to be Illegal,invalid,or unenforceable as to any circumstance, that finding shall not make the offending provision illegal. invalid, or unenforceable as to any other circumstance. If feasible,the offending provision shall be considered modified so that it becomes legal,valid and enforceable. If the offending provision cannot be so modified,it shall be considered deleted from this Deed of Trust. Unless otherwise required by law,the illegality,invalidity,or unenforceabaty of any provision of this Deed of Trust shall not affect the legality,validity or enforceability of any other provision of this Deed of Trust. Successors and Assigns. Subject to any limitations stated In this Deed of Trust on transfer of Grantor's interest,this Deed of Trust shall be binding upon and inure to the benefit of the parties,their successors and assigns. If ownership of the Property becomes vested in a person other than Grantor,Lender,without notice to Grantor, may deal with Grantor's successors with reference to this Deed of Trust and the indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Deed of Trust or liability under the indebtedness. Time is of the Essence. Time is of the essence in the performance of this Deed of Trust. Waive Jury. All parties to this Deed of Trust hereby waive the right to any jury trial In any action,proceeding,or counterclaim brought by any party against any other party. Waiver of Homestead Exemption. Grantor hereby releases end waives all rights end benefits of the homestead exemption laws of the State of Colorado as to all Indebtedness secured by this Deed of Trust. DEFINITIONS. The following capitalized words and teens shall have the following meanings when used in this Deed of Trust Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United Sales of America. Wards and terms used in the singular shell Include the plural.and the plural shall include the singular,as the context may require. Words and terns not otherwise defined in this Deed of Trust shall base the meanings attributed to such terns in the Uniform Commercial Code: Beneficiary. The word"Beneficiary'means Ranier Bank,and its successors and assigns. Borrower. The word'Borrower'means WILLIAM G.ASKEW and includes all co-signers and co-makers signing the Nob and all their successors end assigns. Deed of Trust. The words"Deed of Trust"mean this Deed of Trost among Grantor,Lender,and Trustee,and includes without limitation all assignment and security interest provisions relating to the Personal Property and Rents. Default The word'Default'means the Delautt set forth in this Deed of Trust in the section titled'Default". Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations end ordinances raising to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response,Compensation,and Liability Act of 1980,as amended.42 U.S.C.Section 9601,et seq.("cERCLA'), the Superfud Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA'), the Hazardous Materials Transportation Act,49 U.S.C.Section 1801,et seq.,the Resource Conservation end Recovery AG,42 U.S.C.Section 6901,et • seq.,or other applicable state or federal laws,rules,or regulations adapted pursuant thereto. Event of Default. The words"Event of Default"mean any of the events of default set forth in this Deed of Trust in the events of default section of this Deed of Trust Grantor. The word"Grantor"means WILLIAM G.ASKEW. Guaranty. The word 'Guaranty' means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including without limitation a guaranty of all or part of the Note. Hazardous&tetaneas. The words-Hazardous Substances'mean materials that,because of their quantity,concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored,disposed of, generated, manufactured,transported or otherwise handled. The words"Hazardous Substances"are used in their very broadest sense and include without limitation any and all hazardous or toxic substances,materials or waste as defined by or listed under the Environmental Laws. The term"Hazardous Substances" also includes,without limitation,petroleum and petroleum by-products or any fraction thereof and asbestos. Improvements. The word Improvements' means all existing and future improvements, buildings, structures, mobile homes affixed on the Real Property,facilities.additions,replacements and other construction on the Real Property. Indebtedness. The ward"Indebtedness"means all principal,interest,and other amounts,costs and expenses payable under the Note or Related Documents,together with all renewals of,extensions of,modlfaztians of,consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by Trustee or Lender to enforce Grantor's obligations under this Deed of Trust,together with interest on such amounts as provided in this Deed of Trust. Specifically, without limitation, Indebtedness includes all amounts that may be indirectly secured by the Cross-Coaatealizallon provision of this Deed of Trust_ Lender. The word lender means FrrsTier Bank,Its successors and assigns. Note. The word 'Note' means the promissory note dated June 16, 2008, in the original principal amount of $201,375.00 from Grantor to Lander, together with all renewals of, extensions of, modifications of, refinancings of, caeofidations of. and substitutions for the promissory note or agreement. NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE INTEREST RATE. Personal Property. The words'Personal Property"mean all equipment,fixtures,and other articles of personal property now or a hereafter owned by Grantor, d now or hereafter attached or affixed to the Real Property,together with all accessions,pads, and additions to, as replacements of, and all substitutions for,any of such property;end together with all proceeds(including without limitation all insurance proceeds and refunds of premiums)from any sale or other disposition of the Property. Property. The word"Property"means collectively the Real Property and the Personal Property. Real Property. The words"Reel Property"mean the real property,Interests and rights,as further described hi this Deed of Trust. Related Documents. The words "Related Documents' mean ail promissory notes, credit agreements, ban agreements, environmental agreements,guaranties,security agreements,mortgages,deeds of trust,security deeds,collateral mortgages,end all other instruments, agreements and documents, whether now or hereafter existing. executed in connection with the Indebtedness. Rants. The word 'Rents'means all present and future rents, revenues,income.Issues,royalties, profits,and other benefits derived from the Property. Trustee. The word'Trustee'means the Public Trustee of WELD County,Colorado. eRecorded in Weld County, CO Doc Id: 3561945 • 06/19/2008 02:5a Receipt#: 7364464 Page: 7 of 7 Total Fee: $36.00 Steve Moreno, Clerk and Recorder • DEED OF TRUST Login No:2123 (Continued) Page 7 GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST. AND GRANTOR AGREES TO ITS TERMS. GRANTOR: X L IAM . EW (/���(y� �}� INDIVIDUAL ACKNOWLEDGMENT STATE OF ""`r'•`�� SS COUNTY OF On this day before me,the undersigned Notary Public,personally appeared WILLIAM G.ASKEW,to me known to be the individual described In and who executed the Deed of Trust,and acknowledged that he or she signed the Deed of Trust as his or her free and voluntary ac and deed,for the uses and purposes thp(r�el/�p1e—ntioned. Given under hand ando I seal is /1 It day of csj.1.4.441 f,, 2u11_/': � �/�,�� p,r, S `Ill �1 -IrX_/,, ,Q,,, Residing at C40j WI/karatI C.At' 1 Ofar. k tt Notary Public in an or the tate of L�L11I0Y�'1'' My commission expires 424!ZJ?+_1 LASER PRO Lending, Ver. 5.40.00.003 Cour. Harland Financial Solutions, Inc. 1997, 2008. All Rights Reserved. - CO J:IHARLANDICFIILPLIGO1.FC TR-2439 PR-14 ........... co �pTARYCg ¢- PUBUG;P8 ••4'OF ca-'-';i0 My commission Eawes AG0 29 2009 • eRecorded in Weld County, CO Doc Id: 3561946 • 06/19/2008 02:50 Receipt#: 7364465 Page: 1 of 4 Total Fee: $21 .00 Steve Moreno, Clerk and Recorder S WHEN RECORDED MAIL TO: Frillier Bank-Inferloeken 555 Eldorado Blvd,Suite 100 Broomaeld,CO 80021 FOR RECORDER'S USE.ONLY ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated June 16, 2008,is made and executed between WILLIAM G.ASKEW, whose address is 962 5TH ST, BERTHOUD,CO 80513(referred to below as"Grantor")and FirsTier Bank, whose address is 2695 Rocky Mountain Ave Ste 110, Loveland, CO 80538 (referred to below as "Lender"). ASSIGNMENT. For valuable consideration,Grantor hereby assigns,grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located In WELD County,State of Colorado: PART OF THE SW 1/4 OF SECTION 33, TOWNSHIP 5 NORTH, RANGE 67 WEST OF THE 6TH P.M., WELD COUNTY, COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 33 AND CONSIDERING THE WEST LINE AS BEARING NORTH 00°00'00" EAST WITH ALL BEARINGS CONTAINED HEREIN RELATIVE THERETO; THENCE NORTH 21°44'15" EAST, 81.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY LINE OF COUNTY ROAD NO.17, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 00°OD'00" EAST, 182.01 FEET TO THE CENTERLINE OF THE MOSIER-WILLIAMS DITCH; THENCE ALONG SAID DITCH BY THE FOLLOWING TWO COURSES AND DISTANCES:SOUTH 84°01'32"EAST, 140.29 FEET;SOUTH 68°48'41"EAST, 85.49 FEET TO THE APPROXIMATE WEST RIGHT-OF-WAY OF COUNTY ROAD; THENCE ALONG THE ARC OF A CURVE TO THE RIGHT WHOSE RADIUS IS 899/49 FEET AND WHOSE LONG CHORD BEARS SOUTH 20'52'18" EAST; 194.38 FEET; THENCE ALONG THE NORTH RIGHT.OF-WAY LINE OF COUNTY ROAD 50, SOUTH 89°58'40" WEST, 246.07 FEET; THENCE NORTH 43°10'27" WEST, 62.00 FEET TO THE TRUE POINT OF BEGINNING, COUNTY OF WELD,STATE OF COLORADO The Property or its address Is commonly known as 8029 WCR 50,JOHNSTOWN, CO 80534. CROSS-COLLATERALGATION. In addition to the Note, this Assignment secures all obligations, debts end IlabllUfes, plus interest thereon,of Grantor to Lender,or any one or mom of them,as weft as all claims by Lender against Grantor or any one or more of them,whether now existing or hereafter arising,whetter related or unrelated to the purpose of the Note,whether voluntary or otherwise,whether due or not due,direct or indirect,determined or undetermined.absolute or contingent,liquidated or unliguldated, whether Grantor may be table IndMdually or jointly with others,whether obligated as guarantor, surety, accommodation party or otherwise. end whether recovery upon such amounts may be or hereafter may became barred by any statute of limitations,and whether the obligation to repay such amounts may be or hereafter may became otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE,THIS ASSIGNMENT,AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE Except as otherwise provided in this Assignment or any Related Documents.Grantor shall pay to Lender all amounts secured by this Assignment es they become due.and shall strictly perform all of Grantor's obligations under this Assignment Unless and until Lender exercises as right to collect the Rents as provided below and so long es there is no default under this Assignment,Grantor may remain In possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lenders consent to the use of cash collateral In a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that Ownership. Grantor is entitled to receive the Rents free and clear of all rights,loans,Sens,encumbrances,and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right,power and authority to enter into this Assignment and to assign and convey the Rents to Lender. No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force. No Further Transfer. Grantor will not sell,assign,encumber,or otherwise dispose of any or Grantors rights to the Rents except as provided In this Assignment. LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time,and even though no default shall have occurred under this Assignment,to collect and receive the Rents. For this purpose,Lender is hereby given and granted the following rights.powers and authority: Notice to Tenants. Lender may send notices to any and all tenants of the Properly advising them of this Assignment and directing all Rents to be paid directly to Lander or Lenders agent. • Enter the Property. Lender may enter upon and take possession of the Property;demand,collect and receive from the tenants or from any other persons liable therefor,all of the Rents;institute and catty on all legal proceedings necessary for the protection of the Property, Including such proceedings as may be necessary lo recover possession of the Property: soled the Rents and remove any tenant or tenants or other persons from the Property_ Maintainthe Property. Lender may enter upon the Property to maintain the Property and keep the same in repair,to pay the eRecorded in Weld County, CO Doc Id: 3561946 • 06/19/2008 02:a Receipt#: 7364465 Page: 2 of 4 Total Fee: $21.00 Steve Moreno, Clerk and Recorder • ASSIGNMENT OF RENTS Loan NO:2123 (Continued) Page 2 costs thereof and of all services of all employees. including their equipment. and of at continuing costs and expenses of maintaining the Property in proper repair and condition, and also to pay all taxes, assessments and water utilities, and the premiums on fire and other insurance effected by Lender on the Property. Compliance with Laws. Lender may do any and all things to execute and comply with the laws of the State of Colorado and also all other laws,rules,orders,ordinances and requirements of all other governmental agencies affecting the Property. Lease the Property. Lender may rent or lease the whole or any part of the Property for such term or tense and on such conditions es Lender may deem appropriate. Employ Agents. Lender may engage such agent or agents as Lender may deem appropriate, either in Lenders name or in Grantor's name,to rent and manage the Property,including the collection and application of Rents. Other Acts. Lender may do all such other things end acts with respect to the Property as Lender may deem appropriate and may act exclusively and solely In the place and stead of Grantor and to have all of the powers of Grantor for the purposes stated above. No Requirement to Act. Lender shalt not be required to do any of the foregoing ads or things,and the fact that Lender shall have performed one or more of the foregoing acts or things shall not require Lender to do any other specific act or thing. APPLICATION OF RENTS. All cents and expenses Incurred by Lender in connection with the Property shall be for Grantor's account and Lender may pay such costs end expenses from the Rents. Lender,in Its sole discretion,shall deterrnine the application of any and all Rents received by it;however,any such Rents received by Lender which are not applied to such costs and expenses shall be applied to the Indebtedness. All expenditures made by Lender under this Assignment end not reimbursed from the Rents shall become part of the indebtedness secured by this Assignment,and shall be payable on demand,vnth Interest at the Note rale from date of expenditure until paid. FULL PERFORMANCE If Grantor pays all of the indebtedness when due and otherwise performs all the obligations imposed upon Grantor under this Assignment, the Note, and the Related Documents, Lender shall execute and deliver to Grantor e suitable satisfaction of this Assignment and suitable statements of tanninatlon of any financing statement on tote evidencing Lender's security interest in the Rents and the Property. My termination fee required by law shall be paid by Grantor,If pemetted by applicable law. LENDER'S EXPENDIRIRES. If any action or proceeding is commenced that would materially affect Lenders interest in the Property or if Grantor fails to comply with any provision of this Assignment or any Related Documents, Including but not limited to Grantor's failure to discharge or pay when due any amounts Grantor is required to discharge or pay under this Assignment or any Rotated Documents,Lender on Grantor's behalf may(but shell not be obligated to)take any action that Lender deems appropriate,including but not limited to discharging or paying all taxes,liens,security interests,encumbrances and other claims,at any time levied or placed on the Rents or the Property and paying all costs for Insuring,maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then bear Interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and,at Lenders option,will (A) be payable an demand; (8) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy;or (2) the remaining term of the Note;or (C) be treated as a balloon payment which will be due and payable at the Note's maturity. The Assignment also will secure payment of • these amounts. Such right shall be in addition to all other rights and remedies to which Lender may be entitled upon Default. DEFAULT. Each of the following,at Lenders option,shall constitute an Event of Default under this Assignment: Payment Default. Grantor fella to make any payment when due under the Indebtedness. Other Defaults. Grantor fails to comply with or to perform any other term,obligation,covenant or condition contained in this Assignment or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Lender and Grantor. Default on Other Payments. Failure of Grantor within the time required by this Assignment to make any payment for taxes or Insurance,or any other payment necessary to prevent filing of or to effect discharge of any lien. Default in Favor of Third Parties. Grantor defaults under any loan, extension of credit,security agreement,purchase or sates agreement,or any other agreement,in favor of any other creditor or parson that may materially affect any of Grantor's property or ability to perform Grantor's obligations under this Assignment or any of the Related Documents. False Statements. Any warranty, representation or statement made or furnished to Lender by Grantor or on Grantor's behalf under this Assignment or the Related Documents Is false or misleading in any material respect,either now or at the time made or furnished or becomes false or misleading et any time thereafter. Defective eollaterallzadan. This Assignment or any of the Related Documents ceases to be in full force and effect(including failure of any collateral document to create a valid and perfected security interest or lien)at any time and for any reason. Death or Insolvency. The death of Grantor,the insolvency of Grantor,the appointment of a receiver for any part of Grantors property,any assignment for the benefit of creditors,any type of creditor workout,or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedngs, whether by judicial proceeding, self-help,repossession or any other method,by any creditor of Grantor or by any governmental agency against the Rents or any properly securing the Indebtedness. This Includes a garnishment of any of Grantor's accounts,including deposit accounts.with Lender. However. this Event of Default shall not apply If there Is a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Grantor gives Lender written notice of me creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in en amount determined by Lender,in its sole discretion,as being an adequate reserve or bond for the dispute. Property Damage or Loss. The Property Is lost,stolen,substantially damaged,sold,or borrowed against. Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the Indebtedness or any guarantor,endorser,surety,or accommodation party dies or becomes incompetent,or revokes or disputes the validity of,or liability under,any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs In Grantor's financial condition,or Lander believes the prospect of payment or performance of the Indebtedness is Impaired. Cure Previsions. If any default,other than a default In payment Is curable and if Grantor has not been given a notice of receiving of the same provision of this Assignment within the preceding tw after bivalve(12)months,it may be cured if Grantor, written notice from Lender demanding cure of such default (1) cures the default within twenty(20)days;or (2) If the cure requires more Man tion to be sufficient to one the default and thereafter cconl continues 20)days,immediately od initiates mcomptetes all reasonable ps l and ch rnecessary ms in s eps sufficientder's sole stoep produce compliance as soon as reasonably practical. • RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter.Lender may exercise any one or more of the following rights and remedies,in addition to any other rights or remedies provided by law: Immediately due and payable,including an any penalty that Grantor would tbe required i to pay.declare the entire Indebtedness eRecorded in Weld County, CO Doc Id: 3561946 • 06/19/2008 02: Receipt#: 7364465 Page: 3 of 4 Total Fee: $21.00 Steve Moreno, Clerk and Recorder • ASSIGNMENT OF RENTS Loan No:2123 (Continued) Page 3 Collect Rents. Lender shall have the right,without notice to Grantor.to take possession of the Properly and collect the Rents, including amounts past due and unpaid,and apply the net proceeds,over and above Lender's costs,against the indebtedness. In furtherance of this right.Lender shall have all the rights provided for in the Lender's Right to Receive and Collect Rents Section, above. If the Rents are collected by Lender,then Grantor irrevocably designates Lender as Grantor's attorney-in-fact to endorse instruments received in payment thereof In the name of Grantor and to negotiate the seine and collect the proceeds. Payments by tenants or other users to Lender in response to Lenders demand shall satisfy the obligations for which the payments are made,whether or not any proper grounds for the demand existed. Lender may exercise its tights under this subparagraph either in person,by agent,or through a receiver. Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of at or any part of the Property, with the power to protect end preserve the Property,to operate the Properly preceding foreclosure or sale,and to collect the Rents from the Properly and apply the proceeds,over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond If permitted by law. Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the Indebtedness by a substantial amount. Employment by Lender shell not disqualify a person from serving es a receiver. Receiver may be appointed by a court of competent jurisdiction upon ex parte application and without notice,notice being expressly waived. Other Remedies. Lender that have all other rights and remedies provided in this Assignment or the Note or by law. Election of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy,and an election to make expenditures or to take action to perfom an obligation of Grantor under this Assignment,after Grantor's failure to perform, shag not affect Lender's right to declare a default and exercise its remedies. Attorneys'Fees;Expenses. If Lender forecloses or institutes any suit or eaten to enforce any of the terns of this Assignment, Lender shall be entitled to recover such sum as the court may adjudge reasonable es attorneys'fees at trial and upon any appeal. Whether or not any court action is Involved,and to the extent not prohibited by law,all reasonable expenses Lender incurs that In Landers opinion ere necessary at any time for the protection of Its interest or the enforcement of its rights shall become a pert of the indebtedness payable on demand and shall bear interest at the Note rate from the dale of the expenditure until repaid. Expenses covered by this paragraph Include,without limitation, however subject to any limits under applicable law. Lender's attorneys'fees whether or not there is a lawsuit,including attorneys'fees and expenses for bankruptcy proceedings(Including efforts to modify or vacate any automatic stay or injunction),appeals,and any anticipated post-judgment collection services,the cost of searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal fees, title Insurance,and tees for the Trustee,to the extent permitted by applicable law. Grantor also will pay any court costs,in addition to all other sums provided by law. MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Assignment: Amendments. This Assignment,together with any Related Documents,constitutes the entire understanding and agreement of the parties as to the natters set forth In this Assignment. No alteration of or amendment to this Assignment shag be effective unless given in willing and signed by the party or parties sought to be charged or bound by the alteration or amendment. Caption Headings. Caption headings In this Assignment are for convenience purposes only and me not to be used to Interpret or define the provisions of this Assignment. Governing Law. This Assignment will be governed by federal law applicable to Lender and,to the extant not preempted by federal law, the laws of 11w State of Colorado without regard to Its conflicts of law provisions. This Assignment has been accepted by Lander in the State of Colorado. Choice of Venue. If there is a lawsuit,Grantor agrees upon Lender's request to submit to the jurisdiction of the courts of Latimer County,Stale of Colorado. Merger. There shall be no merger of the interest or estate created by this assignment with any other interest or estate in the Property al any lime held by or for the benefit of Lender in any capacity,without the written consent of Lender. Interpretation. (I) In all cases where there Is more than one Borrower or Grantor,then all wards used In this Assignment in the singular shall ba deemed to have been used in the plural where the context and conslmction so require. (2) If more than one person signs this Assignment as'Grantor,'the obligations of each Grantor are joint and several, This means that If Lender brings a lawsuit,Lender may sue any one or more of the Grantors. If Bonner and Grantor at,not the same person,Lander need not sue Borrower first, and that Borrower need not be joined in any lawsuit (3) The names given to paragraphs or sections in this Assignment me for convenience purposes only.They are not to be used to Interpret or dane the provisions of this Assignment. No Waiver by Lander. Lender shall not be deemed to have waived any rights under this Assignment unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right_ A waiver by Lender of a provision of this Assignment shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision or any other provision of this Assignment. No prior waiver by Lender,nor any course of dealing between Lender and Grantor,shall constitute a waiver of any of Lenders rights or of any of Grantors obligations as to any future transaction. Whenever the consent of Lender is required under this Assignment, the granting of such consent by Lender In any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld In the sole discretion of Lender. Notices, Any notice required to be given under this Assignment shell be given in writing,and shall be effective when actually delivered. when actually received by teleacslrnlle (unless otherwise required by law), when deposited with a nationally recognized overnight courier,or, If mailed,when deposited in the United States mak,as first cless, certified or registered mail postage prepaid,directed to the addresses shown near the beginning of this Assignment Any party may charge its address for notices under this Assignment by giving fonnal written notice to the other parties,specifying that the purpose of the notice is to change the party's address. For notice purposes. Grantor agrees to keep Lender informed at all limes of Grantor's current address. Unless otherwise provided or required by law, if there is more than one Grantor,any notice given by Lender to any Grantor is deemed to be notice given to all Grantors. Powers of Attorney. The various agencies and powers of attorney conveyed on Lender under this Assignment are granted for purposes of security and may not be revoked by Grantor until such time as the same are renounced by Lender. Severability. If a court of competent jurisdiction rinds any provision of this Assignment to be illegal,Invalid,or unenforceable as to any circumstance, that finding shall not make the offending provision Regal, invalid, or unenforceable as to any other circumstance. If feasible,the offending provision shall be considered modified so that it becomes legal,valid and enforceable. If the offending provision cannot be so modified,it shall be considered deleted from this Assignment. Unless otherwise required by law, the Illegality, invalidity. or uannforceabilify of any provision of this Assignment shall not affect the legality, validity or enforceability of any other provision of this Assignment. Successors and Assign. Subject to any irritations stated In this Assignment on transfer of Grantor's interest this Assignment shall be binding upon and inure to the benefit of the parties,their successors and assigns. If ownership of the Property becomes • vested in a person other than Grantor,Lender,without notice to Grantor,may deal with Grantors successors with reference to this Assignment and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Assignment or liability under the Indebtedness. Time Is of the Essence. Tins is of the essence in the performance of this Assignment_ eRecorded in Weld County, CO Doc Id: 3561946 • 06/19/2008 02:fl Receipt 7364465 Page: 4 of 4 Total Fee: $21.00 Steve Moreno, Clerk and Recorder • ASSIGNMENT OF RENTS Page 4 Loan No:2123 (Continued) Waive Jury. All parties to this Assignment hereby waive the right to any jury trial in any action,proceeding,or counterclaim brought by any party against any other party. Waiver of Homestead Ese ell ors n. GGrantor reby re by this Ass gnms all rights and benefits of the homestead exemption laws of We Slate o/Colorado as t. DEFINITIONS. The following capitalized words and terms shell have the following meanings when used in this Assignment. Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America. Words and terms used in the singular shall include the plural,and the plural shall Include the singular,as the context may require. Words and tears not otherwise defined in this Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code: or modified Assignment me word'Assig together all exhibits and schedules attached s ASSIGNMENT OF RENTS,as this his ASSIGNMENT OF ENTS from ENT OF RENTS may be amended or modified from time to time,tog e to time. Borrower. The word'Bonrower"means WILLIAM G.ASKEW. Default. The word"Default"means the Default set forth in this Assignment in the section titled'Default". Event of Default. The words'Event of Default"mean any of the events of default set forth in this Assignment in the default section of this Assignment. Grantor. The word"Grantor"means WILLIAM G.ASKEW. Guaranty. The word "Guaranty' means the guaranty from guarantor,endorser, surety, or accommodation party to Lender. Including Without Imitation a guaranty of all or part of the Note. Indebtedness. The word"Indebtedness"means all principal,interest,and other amounts,costs and expenses payable under the Note or Related Documents,together with all renewals of,extensions of,modncettons of,consolidations of end substitutions for the Note or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses inured by Lender to enforce Grantors obligations under his Assignment,together with interest on such amounts as provided in this Assignment Specifically, without imitation, indebtedness includes all amounts that may be indirectly secured by the Cross.collateralzailon provision of this Assignment. Lender. The ward"Lender means FirsTier Bank,Its successors and assigns. final principal amount of Note. The word 'Note" means the prcr issory note dated June 16, 2005, in the original $201,375.00 torn Grantor to Lender. together with all renewals of, extensions ot, modifications of, refinancings of, consolidations of,and substitutions for the promissory note or agreement. as described In the Property. The word "Property' means all of Grantor's right, title and interest in and to all the Property 'Assignment'section of this Assignment. Related Documents. The words 'Related Doaunents' mean all promissory notes. credit agreements, loan agreements, environmental agreements,guaranties,security agreements,mortgages,deeds of trust,security deeds,collateral mortgages,and as other Instruments, agreements end documents, whether now or hereafter existing, executed in conneclton with the indebtedness. Rents. The word"Rents"means all of Grantor's present and future rights,title and interest in,to and under accounts and al esent and future bases,Including,without limitation,Si rents,revenue,income,issues,royalties,bonuses, sh or security deposits,advance rentals,profits and proceeds from the Property,and other payments and benefits derived or to be derived from such leases of every kind and nature,whether due now or later, including without limitation Grantor's right to enforce such leads end to receive and collect payment and proceeds thereunder. THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS DOCUMENT IS EXECUTED ON JUNE 16,2005. GRANTOR: X a EW INDIVIDUAL ACKNOWLEDGMENT W Orake STATE OF ) 4 )5S COUNTY OF j On this day before me.the undersigned Notary Public,personally appeared WILLIAM G.ASKEW,to me known to be the Individual described in and who executed the ASSIGNMENT OF RENTS,and acknowledged that he or she signed the Assignment as his or her free and voluntary act and deed,for the uses and purpos/ess rein mentioned. /' ,/ /o W.'" day of 20` I .nq'f pxi•(1.1.� • Given ands my nd and°Jal seal this }�rs Lo.z i'" -- Sy� A ^ Residing al �YLJ� Si -r�n�r�"�i�f Notary Public In for the State of lit nag) My commission aspens C I !7I(')fl1 LAS PR* Lending, Ver. 5.40.00.0 i3 CHA ANDICHarland .PU31 5• „ IV'',2000. All Rights Reserved. - CO J1HARLANDICFPLPL1O14 C' �.243g"PR:, • :_ • �J�\ NOTARY c, • ¢`: PUBLIC :/ % OF ca-°ets u,•Crenitli5Sitin Expires Avg 2Q 2009 Hello