HomeMy WebLinkAboutbocc.ord.014.199811H111111111111111111111111111111111111111111111111111
416098 04/27/1998 02:26P ORDINANC DAVIS SILVI
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AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO AUTHORIZING THE RELEASE OF A DEED OF
TRUST BETWEEN WILLIAMS RANCH JOINT VENTURE AND PITKIN COUNTY
AND TO ACCEPT AN ESCROW AGREEMENT AS SUBSTITUTE SECURITY
ORDINANCE #98- 7/
1. The Board of County Commissioners (the "County") and Williams Ranch Joint
Venture ("WRJV") entered into the Smuggler Mine Subdivision Improvements Agreement on
March 14, 1995. This agreement requires WRJV to provide financial obligations for
construction of improvements upon the property.
2. Financial security is currently being held in the form of a Deed of Trust against
Lot 1 SilverLode Subdivision, according to the Plat thereof filed for record in Plat Book 37 at
Page 3 and WRJV has recently placed this lot under contract for closing on April 24, 1998.
3. WRJV requests the County to release its current encumbrance against SilverLode
Lot #1 in exchange for an escrow account in favor of Pitkin County in the amount of $29,900 to
be funded from the closing of SilverLode Lot #1.
4. This escrow agreement will remain in effect until October 27, 1998 to coincide
with the maintenance period required on the property. Should WRJV fail to meet its obligations
to the County during this time period, the total amount of the default shall be released to the
County in accordance with the terms of an escrow agreement to be in place prior to the recording
of the Release of Deed of Trust.
NOW THEREFORE IT IS HEREBY ORDAINED, that the Board of County
Commissioners of Pitkin County, Colorado authorizes the Chair and the County Attorney's
Office to execute such documents as may be required to release the Deed of Trust the County
currently holds against SilverLode Lot #1 and enter into an escrow agreement in exchange for
$29,900 as substitute security for financial obligations required pursuant to the Smuggler Mine
Subdivision Improvements Agreement dated March 14, 1995.
INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING ON THE 8TH
DAY OF APRIL, 1998.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE WEEKEND EDITION
OF THE ASPEN TIMES ON THE 11TH DAY OF APRIL, 1998.
APPROVED UPON SECOND READING AND PUBLIC HEARING ON THE
22ND DAY OF APRIL, 1998.
PUBLISHED AFTER ADOPTION IN THE WEEKEND EDITION OF THE
ASPEN TIMES ON THE 2ND DAY OF MAY, 1998.
IIIIIII"Illilillilllllllllllllllillllllll"IIIIIIIIIII
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Ordinance #98-
Page 2
ATTEST: BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
Jea tte Jones
De ' ty Clerk
APPROVED AS TO FORM:
Deborah Quinn
Assistant County Attorney
Uord/smugescw.ord
orothea Farris
Chairman
Date: X-07- 9,i)
al k %
Suza , Konchan
Count anager
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
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416098 04/27/1998 02:26P ORDINANC DAVIS SILVI
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ESCROW AGREEMENT
Escrow Number: Q372059
Commitment Number: QTF372059
Closer: Tina Fitch
Denver, Colorado
Date: April 09, 1998
The undersigned deposit with LAND TITLE GUARANTEE COMPANY as Escrow Holder, the items set forth in Schedule A, to be h
by said Escrow Holder subject to the terms hereof and the Special Instructions set forth in Schedule B below.
x All cash deposits must be accompanied by a Form W-9 Request for Taxpayer Identification Number.
$29,900.00
Special Instruction
Special Instruction
Special Instruction
Special Instruction
Special Instruction
❑ Special instruction
"SCHEDULE A"
(Deposits)
"SCHEDULE B"
(Special Instructions)
No. 1 (Repairs) Attached
No. 2 (Intentionally Omitted)
No. 3 (Lender Completion Instructions) Attached
No. 4 (Indemnity Agreement -Cash Deposit) Attached
No. 5 (Intentionally Omitted)
No. 6 (Depository Instructions) Attached
Special Instruction No. 7 (F.I.R.P.T.A.)
%® All others (See attached Exhibit "A")
The parties to the escrow, by signing below, agree that they have read and will be bound by the General Provisions to t
Escrow Agreement on the following page.
FIRST PARTY SECOND PARTY
(If applicable) (If applicable)
td,e, ‘,44a4-- L4&!. /not‘ig'1,e_
WILLIAMS RANCH JOINT ENTU E CITY OF ASPEN
BY: JOHN MARKEL BY:
I 111111 11111 oils imii iiiii nil iiiai iii nui 1111 im
420528 08/11/1998 12:03P ORDINANC DAVIS SILVI
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Address
Telephone#
SSN# or Tax ID#
Contact Person
JOHN MARKFI
THIRD PARTY/!i/ 40""W/ 4e 13
(If applicable) (/..a,� r
COUNTY OF. PITKIN ea Ada dr- ce"ftY
C o m 0 1 6iUu/L s
By
Y0441 0 r Y; s �n,r,10.; r� V3'-
Address 30 8 /10..t r)
Telephone#
Tax iD#
Contact Person
C6 5'/(a/
j-10- gcQO S19D
Any correspondence regarding this escrow shall be
addressed to:
LAND TITLE GUARANTEE COMPANY
3033 E. 1ST AVENUE, SUITE 600
DENVER, COLORADO 80206
ATTN: ESCROW COORDINATOR
FORM COMM.EA
Address
Telephone#
SSN# or TAx ID#
Contact Person
ESCROW FEES TO
(a) Set up fee
(b) Annual fee
(c) Miscellaneous
BE AS FOLLOWS:
75 00
Receipted and accepted as to Special Instructions and General
Provisions to Escrow Agreement.
LAND TITLE GUARANTEE COMPANY - ESCROW HOLDER
i
BY:
Q 3`2a.o61
ESCROW AGREEMENT
Escrow Number: Q 9-2 S'S' Denver, Colorado
Commitment Number. Q 3'7 O6 / Date: April 09, 1998
Closer: Tina Fitch
The undersigned deposit with LAND TITLE GUARANTEE COMPANY as Escrow Holder, the items set forth in Schedule A, to be hel
by said Escrow Holder subject to the terms hereof and the Special Instructions set forth in Schedule B below.
X All cash deposits must be accompanied by a Form W-9 Request for Taxpayer Identification Number.
$29,900.00
"SCHEDULE A"
(Deposits)
" SCHEDULE B"
(Special Instructions)
Special Instruction No. 1 (Repairs) Attached
Special Instruction No. 2 (Intentionally Omitted)
Special Instruction No. 3 (Lender Completion Instructions) Attached
Special Instruction No. 4 (Indemnity Agreement -Cash Deposit) Attached
Special Instruction No. 5 (Intentionally Omitted)
Special Instruction No. 6 (Depository Instructions) Attached
Special Instruction No. 7 (F.I.R.P.T.A.)
All others (See attached Exhibit "A")
The parties to the escrow, by signing below, agree that they have read and will be bound by the General Provisions to thi
Escrow Agreement on the following page.
FIRST PARTY
(If applicable)
SECOND PARTY
(If applicable)
Amy Margerum
City Manager
WILLIAMS RANCH JOINT VENTURE CITY OF ASPEN
BY: JOHN MARKEL
Address Address
Telephone#
SSN# or Tax ID#
Contact Person JOHN MARKEI
THIRD PARTY
(If applicable)
COUNTY OF PITKIN
By
Address
Telephone#
Tax ID#
Contact Person
Any correspondence regarding this escrow shalt be
addressed to:
LAND TITLE GUARANTEE COMPANY
3033 E. 1ST AVENUE, SUITE 600
DENVER, COLORADO 80206
ATTN: ESCROW COORDINATOR
FORM COMM.EA
Telephone#
SSN# or TAx ID#
Contact Person
ESCROW FEES TO BE AS FOLLOWS:
(a) Set up fee
(b) Annual fee
(c) Miscellaneous
75.00
11111111111111111111111111111111111111111111111111111
420528 08/11/1998 12:03P ORDINANC DAVIS SILVI
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Receipted and accepted as to Special Instructions and General
Provisions to Escrow Agreement.
LAND TITLE GUARANTEE COMPANY - ESCROW HOLDER
BY:
1111111111111111111111111111 1111 111111
420526 08/11/1998 12:03P ORDINANC DAVIS SILVI
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LAND TITLE GUARANTEE COMPANY
ESCROW AGREEMENT GENERAL PROVISIONS
Initials
Initials
1. Form of Notice. Any instruction, notice or demand to, upon or by Escrow Holder shall be in writing and may be
delivered personally, by U.S. or private mail, courier, telefax or telegram. Notice shall be deemed given on the first
business date said notice is received by Escrow Holder. Telephone or other oral instruction, notice or demand need not be
accepted by Escrow Holder, but Escrow Holder shall not be liable for damages or otherwise, if actions are taken based
upon non -written instructions, if Escrow Holder shall have retied thereon in good faith.
2. Reliance on Notice. Escrow Holder may act in reliance upon any writing or instrument or signature which it, in
good faith, believes to be genuine, and may assume the validity and accuracy of any statement or assertion contained in
such a writing or instrument, and may assume that any person purporting to give any writing, notice, advice or instruction
in connection with the provisions hereof has been duty authorized so to do.
3. Disbursement Time Requirements. Any notice to Escrow Holder hereunder, shall be given no later than 24 hours
prior to the date and time for action by Escrow Holder. Escrow Holder agrees to act upon all notices given to it, which are
fully approved by all appropriate parties and which are not conditioned upon any event other than Escrow Holder's actions,
not later than 5:00 p.m. on the business day next following the date upon which such notice was received.
4. Laws of Escheat. All Parties are hereby advised that unclaimed funds may be payable to the State of Colorado at
some future date pursuant to the laws of escheat, and should Escrow Holder pay any such funds held in the Escrow Deposit,
Escrow Holder shall be released from all further responsibility under this'Agreement and shall not be liable to any Party
so long as such payment was made pursuant to the statutes of Colorado or regulations of the Colorado Department
of Revenue.
5. Receipt and Deposit of Proceeds. Escrow Holder shall deposit and invest all the Escrow Deposit Funds in a
federally insured institution. if the Escrow Deposit Funds exceed $100,000.00, Escrow Holder may invest the Escrow Deposit
Funds in Government Repurchase Agreements for U.S. Treasury obligations. Escrow Holder shall not be responsible for
maximizing the yield on the Escrow Deposit Funds. All Parties hereto shall execute and deliver to Escrow Holder all forms
required by Federal, State or other governmental agencies relative to taxation matters and Escrow Holder will file
appropriate 1099 or other required forms.
6. Interest Earned on Escrow Deposit Funds. If the Deposit consists partly or entirely of money, then during the
period the Escrow Holder is in possession of the Deposit, the money will be deposited in an FDIC insured institution (the
"Institution"). Deposits of less than $1,000.00 shall not bear interest. Deposits of $1,000.00 to $100,000.00 shall bear
interest at the rate paid by the Institution. Deposits of $100,000.00 or more may be directed by the Parties hereto to
other types of investments. Under no circumstances shall Escrow Holder be liable for loss of funds due to bank, savings
and loan association or other Institution failure, including employees or agents thereof, suspension or cessation of
business, or any action or inaction on the part of the bank, savings and loan association or other Institution, or any
delivery service transporting funds to and from such Institution.
7. Fees and Expenses of Escrow Holder. The Escrow Holder shall be entitled to reimbursement in full, or may demand
payment in advance, for all costs, expenses, charges, fees or other payments made or to be made by Escrow Holder in the
performance of Escrow Holder's duties and obligations under this Agreement. The Parties to the Agreement ere Jointly and
severally liable for the payment to Escrow Holder of Fees and Expenses. Escrow Holder is hereby authorized and directed
to disburse to itself in payment of Fees or Expenses from any funds in the Escrow Deposit, whether from principal or
interest or both, at any time, and from time to time, as the same may be due and owing. Further, Escrow Holder is hereby
authorized to withhold any Fees or Expenses from any disbursement or distribution of Escrow Deposit Funds to any Party
hereto or to the Clerk of the Court upon interpleader. In the event that the Deposit shall consist of documents only and
not funds, Escrow Agent may refuse to distribute any such documents or to otherwise act under this Agreement until all
accrued but unpaid Fees and Expenses have been paid in full.
8. Non -liability of Escrow Holder. Escrow Holder shall not be liable for any mistakes of fact, or errors of judgment,
or for any acts or omissions of any kind unless caused by the willful misconduct or gross negligence of Escrow Holder.
Escrow Holder shall not be liable for any taxes, assessments or other governmental charges which may be levied or
assessed upon the Escrow Deposit or any part thereof, or upon the income therefrom. Escrow Holder may rely upon the
advice of counsel and upon statements of accountants, brokers or other persons reasonably believed by it in good faith to
be expert in the matters upon which they are consulted, and for any reasonable action taken or suffered in good faith
based upon such advice or statements Escrow Holder shall not be liable to anyone.
9. Indemnity of Escrow Holder. The Parties hereto, jointly and severally, agree to indemnify Escrow Holder and hold
it harmless as to any liability by it incurred to any other person or entity by reason of this Escrow Agreement, or in
connection herewith except for Escrow Holder's own willful misconduct or gross negligence, and to reimburse Escrow Holder
for all its expenses, including, but not necessarily limited to attorneys' fees and court costs incurred in connection
herewith.
10. Disputes and interpleader. in the event of any dispute between the Parties as to either law or fact, or in the
event any of the Parties hereto fait, for any reason, to fully receipt and acquit the Escrow Holder in writing, Escrow
Holder may refuse, in its discretion, to carry out said escrow instructions or to deliver any funds, documents, or
property in its hands to anyone and in so doing shall not become liable to demand. Escrow Holder shall be entitled to
continue, without liability, to refrain and refuse to act: (a) until all the rights of the adverse claimants have been
finally adjudicated by a court having jurisdiction over the Parties and the items affected hereby, after which time the
Escrow Holder shall be entitled to act in conformity with such adjudication; or (b) until all differences shall have
been adjusted by agreement and Escrow Holder shall have been notified thereof and shall have been directed in writing
signed jointly or in counterpart by the Parties and all persons making adverse claims or demands, at which time Escrow
Holder shall be protected in acting in compliance therewith. Escrow Holder also has the right to interplead into a court
of competent jurisdiction at the expense of the Parties.
11. Request for Written instructions. Escrow Holder may at any time, and from time to time, request the Parties to
provide written instructions concerning the propriety of a proposed payment of funds on deposit, distribution of
documents, or other action or refusal to act by Escrow Holder. Should the Parties fail to provide such written
instructions within a reasonable time, Escrow Holder may take such action, or refuse to act, as it may deem appropriate
and shall not be liable to anyone for such action or refusal to act. Notwithstanding the foregoing, should the terms of
the Escrow Agreement be complied with, in the judgment of Escrow Holder, then the Escrow Holder may disburse any funds,
distribute documents, or take such action without specific further written instructions from any Party.
12. Resignation of Escrow Holder. Escrow Holder may resign under this Agreement by giving written notice to all of
the Parties hereto, effective 30 days after the date of said notice. Upon the appointment by the Parties of a new escrow
holder or custodian, or upon written instructions to Escrow Holder for other disposition of the Escrow Deposit, Escrow
Holder shall, after retention of its accrued escrow fees and expenses, if any, deliver the Escrow Deposit within a
reasonable period of time as so directed, and shall be relieved of eny and all liability hereunder arising thereafter.
13. Benefit. All rights and protections afforded to Land Title Guarantee Company hereunder shall inure to and for the
benefit of its underwriter.
14. Applicable Law. This Agreement shall be governed by the laws of the State of Colorado.
15. Counterparts/Facsimile. This Agreement may be executed in any number of counterparts, each of which when so
executed shall constitute the entire agreement between the parties hereto and may be executed in facsimile and such fac-
simile signature shalt be accepted as original signatures. The parties acknowledge and agree that there are no intended
or unintended third party beneficiaries who may rely upon or benefit from the provisions of this agreement.
FORM EA.GP (8/94)
Q372059
APR 24 '98 07:52AM LAND TITLE ASPEN
F.15
ESCROW AGREEMENT
Escrow N;.mber; Q34.2O1'Y
Conmitment Number; GT-W.24n
Closer: Tina Fitch
Denver, Colorado
Data: April C9, 1998
The undersigned deposit with LAND TITLE GUARANTEE COMPANY as Escrow Holder, the items set forth in Schedule A, to be held
by said Escrow Holder subject to the terms hereof and the special Instructions set forth in Schedule E below.
X All cash deposits must be accompanied by a Form l'•9 Request for Taxpayer Identification Number.
$29,900,00
"SCHEDULE A"
(Deposits)
"SCHEDULE B"
(Special Instructions)
0 Special Instruction No, 1 (Repairs) Attached
Special Instruction No, 2 (Intentionatly omitted)
.Q Special, Instruction No. 3 (Lander Completion Instructions) Attached
Special Instruction No. 4 (Indemnity Agreement -Cash Deposit) Attached
%p Special Instruction No. 5 (intentionally Omitted)
Q Special Instruction No. 6 (Depository Instructions) Attached
C Special Instruction No. 7 (F.I.R,P,T.A.)
All ethers (See attached Exhibit "A")
The parties to the escrow, by signing below, agree that they have read and will be bound by the General Provisions to the
Iserew Agreement on the following page.
FIT PARTY
i icsb
RA JOINT VENTURE
SECOND PARTY
(If spplicabtei
CiTY OF ASPEN
: JOHN MARKEL BY:
1111111 11111 IIIIII HMI 11111 1111 111111 III 11111 1111 1111 ____-
420526 08/11/1998 12:03P ORDINANC DAVIS SILVI
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Address Address
Telephone# �„— Telephone#
SSN# or Tax 1D#
Contact Person
,]OHN MARKFL
THIRD PARTY
(If applicable)
COUNTY OF PITKIN
Sy.
Address
tetephone#
Tax 1D#
Contact Person
Any correspondence regarding this escrow shall be
addressed to:
• LAND TITLE GUARANTEE. C0MPAW
3033 E. 1ST AVENUE, SUITE 600
DYER, COLQRAbo 80306
ATTNe ESCROW COORDINATOR
FCR)A CONN.EA
SSN# or TAx 1D#
Contact Person
ESCROW FEES TO BE ASFOLLOWS:
(a) Sat up fee 75.aa
(b) Annual fee
(c) Miscellaneous
Receipted and accepted as to special Instructions end General
Provisions to Escrow Agreement.
LAND TI GUA E C MPANY - ESCROW HOLDER8Y : \/
EXHIBIT B
LEGAL DESCRJPTION
The Mollie Gibson Park Parcel is located in the 6E1/4 of Section 7,
Township 10 South, Range 84 west of the Sixth Principal Meridian, and more
particularly described as follows:
Beginning at the Northeasterly reentrant corner of the Mollie Gibson Park
Parcel identical with the Southwesterly corner of the Smuggler Nine
subdivision and identical with Corner No. 2 of Smuggler, N.S. 1656 marked on
the ground with a 5/8 inch diameter rebar with a 2 1/4 inch diameter yellow
cap mounted thereon found in place whence Corner No. 1 of Mollie Gibson, M.B.
4281 AM an original marked stone found In place bears south 34°13'56" East
10.00 feet and whence the Center 1/4 corner of said Section 7 bears
North 40°54'30" wear 2184.88 feet;
thence North 56°36'26" East 48.16 feet;
thence South 45°30'0.0" East 147.18 feet;
thence South 45 °30'00" West 485.65 feet;
thence North 67°27'17" West 186.82 feet;
thence North 41'54'58" West 200.60 feet;
thence North 38°00'00" East 135.56 feet;
thence North 43°54'35" Weat 188.89 feet;
thence North 46°05'25" Cast 65.00 feet;
thence North 05.58'23" Saar 224.13 feet;
thence North 40'28'10" West 59.52 feet;
thence North 47'37'25" West 48.47 feet;
thence North 55'41'35" gain 241.73 feet;
thence South 344'13'57" East 639.78 feet to the Point of Beginning.
COUNTY OF PITKIN, STATE OF COLORADO.
111111111111111111111111 1111111111111111111111111111111
420526 08/11/1998 12:03P ORDINANC DAVIS SILVI
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EXHIBIT A
In return for the county providing a full release of its current encumbrance against Silverlode Lot 1, an
interest bearing escrow account is to be set up in favor of Pitkin County in the amount of $29,900.00 to be
funded from the closing of Lot 1, Silverlode. As of October 27, 1998 all obligations to Pitkin County are
satisfied unless Escrow Holder receives notice from Pitkin County to the contrary. However, as of this
date these funds shall then remain available as collateral against the remaining obligations to the City of
Aspen, Colorado. Prior to October 27, 1998, should Pitkin County certify in writing that Williams Ranch
Joint Venture (WRIV) has defaulted by failing to meet its obligations, to the County during this time
period, then the amount of the default up to the total amount in escrow shall be released to the County.
Upon written request by WRJV and a copy of the recorded deed from Pitkin County transferring that
portion of the Mollie Gibson parcel to the City, you are instructed that this escrow account shall be
redefined in favor of the City of Aspen and no further obligations to Pitkin County shall then exist. At this
time but in no case latter than October 27, 1998, should the City of Aspen certify in writing that WRJV has
defaulted by failing to meet its financial obligations to the City, then the amount of the default up to the
total amount in escrow shall be released to the City. Upon a written release from the Aspen City Attorney,
any and all remaining funds in the escrow account are to be released to WRJV. As between the City,
WRJV, and the County, WRJV is solely responsible for escrow fees. No funds shall be released to WRJV
by Escrow Holder until all escrow fees are paid by WRJV in full.
I IIIIII "III Illill Illill dill illl IIII1I III "I'I III) I"I
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111111IIIII IINII IIII IIIII II IIIIIIII III IIAI IIY 1111
4 e n wtwnws w IR u DT owss 6rtYl
ler t e sew o 0.w 411a P!ThIx wNrtv co
Dalt
Mentor (Borrower I
Original Beneficiary (Lender)
March 04, 1996
March 11 1996
PIMP,
390692
Book
TOTEE POETIC TRUSTEE 013
Pepe So.
bete of Deed of Trust
RecOrding DOte Of Deed Of trust
Beck end Pepe of Deed of Trutt
PITKt4 [enmity Uhl! Public TrUftee M kelch the abeve Deed Of Trust
eye the
purPie"Pee or the need Inlet her Peen fully s.tIsam.p by the Deed of Luav Been nev wi4 mnm cell] awiv the
ghrtfA execute
:°;efts rx"m o;'tnelro"e,<e,°u.:e=. m P4L e,,, iyCn/ortA �y
av
W QQ
Thn°*AP we Yawrnnea°i open o}miVrYt s ru�iart Owner rub xmar
ssnenr%Q
State of Colore44, County o
eH ,r'}F.a fa'ttrr:;
\ sitto
pateta..nonteeInes
4t.•.�� ir4��`nr _
R31.31SE® DEED O.lui
` E2S Fens County r: 4 eM above, In thnevyeed Per 1°n rea° inset .0behela,ntr°e creme
t
ully
pur
�,
DeS et Trust his been full I �ed n t h wrl ewes h y a_ , n LPe n Pena
ecknombldrod, b. as the Prblis Trustee th the Comfy first
to
eht present emcee or offers of said reel
and unto.
ever, all th. right,
,turibedtaher I ee.f "ed aand °
to
byy ere ." absolutely release. cancel and forayer a,tcherpe can peed rr°et
vtneae Ply Halo and Ste -....
fii .p
4wuw
p-°f re [Jaunty
t
be The
Pitt" o
Co Li7 emon e4twas aho drdmvu
me on
SS icin Expires
applicable, were title °t re v Or officer and nrr of eu
Original plan em Deed of Trust Returnee to:
Receiv
Q3'1206Pcs 1 �x[ tst m Rstue or72061 RUST)
?At *I
p 1 'l a' D: gg�ye� m �fll •V ye��
fe,
BS the Deputy Public Trustee
L
7'^
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[
f
L
..........
RIt
AlCOUltdl'
sty
CanbllY PIS
/PaTg0nG•
•
11111111111111111111111111111111111111111111111111111
410171 05/01/1098 02:41P RLS DT DAVIS SILVI
I of 1 N 5.00 D 0.00 N 0.00 PZTKZN COUNTY CO
RiQuE r F T EASE OrP' DES OF TRUST AtNND RELEASE
Date
WILLIA S RANRANK34 JOINT VEN'IUFZE , A
LLiDRA pARTIN R HIP Grantor (Borrower)
BOARD OF (WNW C f44ISSIONERS OF Original Beneficiary (Lender)
r
March 044 1996
March 1 I , 1.9 9 6
PITICEN
390602
Reception No. Film No.
Book No.
Page No.
Date of Deed of Trust
Recording Date of Deed of Trust
County of Recording
Reception and/or Film Nos. of Recorded Deed of Trust
Book and Page of Deed of Trust
TX) TEE P'[ LIC TR S'IEE Mr
PI'N_County (The Public Trustee to which the above Deed of Trust conveys the said property.)
Please execute this release, as the indebtedness secured by the Deed of Trust has been fully or partially paid and/or the
purpose of the Deed of Trust has been fully satisfied.
C)-c_12,45i_a. •
OG‘A/ (20
Ojg
Current Owner nd Holder of the indebtedness Secured by Deed of Trust (Lend r
--1""b
0.<0e...t, NEIN.✓ C
Name and Title o Agent or Off er of Current Owner and Holder
4.4
S i gnsturtli
State of Colorado, County of
The f
by*
o Die
Date Commission Expires
RELEASE OF DIED OF
State of Colorado, County of
Thhe f State of Colorado
by _ County of Pitkin
Color The fo ing i t um w acknowledged before
me on -, '7 by Carol L Foote as the
Deputy Public Trusteee for Pitkin County, Colorado.
My commission expires March 7, 2000.
1
now l edged • for me 1 1
Witness
Signature
ate
My Hand and Se#Pstill-4 ••• •
t T �
(date)
15,
1E2
•ublc,,
• ; �, key
1�, the above referenced Grantor(s), sg''�., S 740 i ��,,,'`�
by Deed of Trust, conveyed certain real property described i n ' li4,;(1 b 'of
Trust to the Public Trustee of the County referenced above, in the State of Colorado, to be held in r
yment of the indebtedness referred to therein; and t ust to secure the
the indebtedness secured by the Deed of Trust has been fully or partially paid and/or the purpose of the Deed of Trust has been fully satisfied as set forth in the written request of the current owner and holder NOW THEREMME, der of the said
in consideration of the premises and the payment of the statutory
acknowledged, i, as the Public Trustee in the Countyfirst referenced above, sum, receipt of which is hereby
do hereby remise, release and quitclaim unto
the present owner or owners of said real property, and unto the heirs, successors and assigns of such owner or owners for- I
ever, atl the right, title and interest which I have under and by virtue of the aforesaid Deed of Trust in the real estat
described therein, to have and to hold the same, with alt the privileges and appurtenances thereunto belo and further i do hereby fully and absolutely release, cancel and forever discharge said Deed of Trust.'n9 fortver�
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as the Deputy Public Trustee of
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Original Note and Deed of Trust Returned to:
Received by
Form RELTD (REQUEST FOR RELEASE OF DEED OF TRUST)
Q372061• Q372061
WHEN REED RETURN TO:
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