Los Angeles herald., 1892-03-23
Notice of Application for Leave to
Mortgage.

TN THE SUPERIOR COURT OF THE
i county of Los Angeles, State of California
In the matter OF the application of the Los
leave to mortgage certain property to secure
the payment of Indebtedness Of said corpora
ton.
Notice is hereby given that the Los Angeles
Orphan Asylum, corporation, has applied to
this court for leave to mortgage that certain
property, belonging to said corporation, stu
ated in the city of Los Angeles, county Of Los
Angeles State of California ana bounded and
described as follows, to wit:
First-Lots one az, two (2) and three (3). of
Davis subdivision OF portion of lot l, block
5S, of Hancock's survey, according to map of
said subdivision recorded in book 5, page sos
of miscellaneous records of said Los Angeles
county.
SecOnd-Commencing at the northeast corner
OF lot two (2), in block fifty y-eight (5S) of Han
cocks survey, and running THENCE 27 deg 81
thence N 70 deg 13 min W six (6) chains and
eleven (1Q links: thence N deg W four az
deg 80 min two (2) chains and sixty-six (66)
links; thence N 80 deg 27 MN W one q } chain
and five (5) links: thence N 8 deg 2S in SIX
southerly line of Stevenson avenue; thence S
SO deg min e along the southerly line OF Ste
yenson avenue ten tlO) chains and ninety-four
l94l links to the place of beginning, containing
10. 527 acres OF land, and being that portion OF
said lot two t2). block ffty-eight 5r), which is
designated as lot A on map accompanying G
cisca W. de Shepherd, recorded in book 1865,
page 80, OF deeds, records of said Los Angeles
county.
To secure the payment of thirty thousa and
dollars, which amount it is alleged by said
corporation, is requisite for the defraying of
Indebtedness incurred in carrying out the OBJ
! jects for which said corporation was organized,
and especially in the erection of certain
building loca, ed upen said premises Said sum
of thirty Thousand dollars, said corporation
alleges, is to be loaned by the Los Angeles
Savings bank, said corporation to execute its
March J 1894, with interest at the rate of nine
per cent. per annum; interest payable quar-
terly, and If not so paid the whole sum OF
principal and interest Immediately to become
due and payable, and the interest to be com
pounded quarterly at the same rate. Said note
and said mortgage to contain the sever Il cove
nants and agreements set forth in the petition
| for leave to mortgage this day filed in thi!
| court, and to which reference is hereby mad
| for further particulars.
Upon the filing of said petition an order was
made by said court setting the hearing thereo
| for Monday, the 2Sth day of March, 1892, a
| ten o'clock a. m, and it was by said order re
| quired that the clerk of this court should give
notice Of said application by publication in tn,
| Los Angeles HERALD, for five days from thi
| date.
| Now. therefore, al parties interested ar,
| hereby notified of tne hearing aforesaid, an(
| to show cause in this court at the courtroom
| thereof, department l., at the courthouse il
| Los Angeles city, county of Los Angeles, stat,
| OF California. on Monday, the 2Sth day o
| March, 1892 at ten O'Clock a. m. , why said ap
! for.
Dated, March %. 1892
By W. sEAvER, Deputy sas St