UPON RECORDATION RETURN TO :
First Fidelity Bank, N.A.
5101 North Classen
Oklahoma City, Oklahoma 73118
Attention: Danny Lawson
DEED OF TRUST, ASSIGNMENT,
SECURITY AGREEMENT AND FINANCING STATEMENT
[YUMA COUNTY, COLORADO]
THIS DEED OF TRUST, ASSIGNMENT, SECURITY AGREEMENT AND FINANCING STATEMENT
(herein called the “Mortgage”) is made effective as of March 28, 2006, between THE BEARD COMPANY
(“Borrower”), and the PUBLIC TRUSTEE OF YUMA COUNTY, COLORADO (“Trustee”) for the benefit of
FIRST FIDELITY BANK, N.A. , a national banking association, 5101 North Classen, Oklahoma City, Oklahoma
73118 (the “Beneficiary”).
A POWER OF SALE HAS BEEN GRANTED IN THIS DEED OF TRUST. A POWER OF SALE MAY ALLOW
THE TRUSTEE TO TAKE THE PROPERTIES IN TRUST AND SELL THEM WITHOUT GOING TO COURT IN
A FORECLOSURE ACTION UPON DEFAULT BY THE BORROWER UNDER THIS DEED OF TRUST.
THIS INSTRUMENT CONTAINS AFTER ACQUIRED PROPERTY PROVISIONS, SECURES THE PAYMENT
OF FUTURE ADVANCES, AND COVERS PROCEEDS OF COLLATERAL.
WHEREAS, the Borrower is justly indebted to Beneficiary up to the aggregate principal amount of
Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00), as evidenced by a certain Promissory Note of
even date herewith and as further described herein, and desires to secure its obligations to the Beneficiary with
property of the Borrower as hereafter described.
NOW THEREFORE, for good and valuable consideration, including the debt hereinafter described, and
the uses and trusts created hereby (“Trust”), the legal sufficiency of which is hereby expressly acknowledged by
all the parties, Borrower does hereby GRANT, BARGAIN, SELL, TRANSFER, ASSIGN, AND CONVEY unto
Trustee, and its successors and assigns, in the Trust, all of the following:
A. All of the Borrower’s interest in and to the oil, gas and/or mineral leases and estates
and other interests through which the Borrower derives its rights in connection with the production,