The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-04

sell and Hannah r. Pursell. his wife, by
their. certain deed of trust, made and exc
cuted by them on the sixteenth day OF
May 1891. to Ford G. Barclay and John
William Young, then delivered AID duly
recorded in the Recorders Office in the
GSS4 9ah Of Salt % Lake and Territory o.
pages 575-6. did grant. bargain. convey
and confirm to the said Ford G. Barclay
and John William Young. who are me
parties OF the second part in said deed.
certain property, situate in the County OF
Salt Lake and Territory OF Utah known
south s half Of lot f fonp block eighty
(SO, plat ID, Salt Lake City survey;
which said conveyance was in trust 10
secure the payment of a certain promis-
sorry note in words and figures following.
to-wit:
100000
Salt Lake City, Utah 18th May, 1881.
Two years after date we promise to pay
to The Pacific Investment Company or
bearer. one Thousand and noI100 Dollars,
with interest at one per cent. per month
from date until paid. value received. IN
terest payable quarter-annually. Pay
able at the Office of The Pacific Invest
ment Company, Salt Lake City, Utah.
JOHN n. PURSELL.
HANNAH r. PURSEL.L-
And whereas BY endorsement of the
said note after the maturity thereof, pay
ment of said note was extended to De-
cember LIST, 1898. and the interest thereon
rMedueed to ,OI 10 per cent per annum tr ON
! =
terms and conditions of said deed OF
trust. And whereas, 1t was provided IN
But should default be made in the pay
ment OF said note or of the interest tnat
may accrue thereon. or any part thereon
as the same becomes due and payable, or
IN case of the breach of any of the cove
nants herein contained. then this deed
snail remain in force, and the said par
ties OF the second part or either OF them,
or the survivor of them, or in the event
OF the death of both of them. or absencs
from Salt Lake City. or refusal to act, or
other disqualification for the performances
of the duties of this trust, then at the
request of the holder OF said note, the
Treasurer Of The Pacific Investment Com
pany (who shall thereupOn become the
successor of said trustees and of the sur
viVor of them TO the title TO said prop
erty, and the same become vested in him
in trust, for the purposes and objects OF
these presents with all the powers, duties
and obligations thereof, may proceed TO
sell said described property or any part
thereof at public vendue. to the highesr
bidder for cash. And whereas, the said
promissory note, together with all inter-
est thereon. from August 10, 1898, at the
rate or ten per cent. per annum until tnl5
date remains wholly due and unpaid. And
whereas, further said Ford G. Barclay
and John William Young are now absent
from the City of Salt Lake and Territory
of Utah. and thereby unable TO perform
or discharge said trust; and the undeT-
signed. John ". Donuellan, is now the
Treasurer of The Pacific Investment COM
pany and by the terms and conditions OF
said deed of trust has become the success
scr of said trustees so absent from the
City OF Salt Lake and so diSqudlined 70
act as such trustees, and as such success
sor has become fully vested with all the
powers. duties and obligations OF said
trustees. Now therefore, J. the under
signed, John w Donnellan. trustee an
aforesaid. at the request of the payee,
owner and holder of said note. and BY
virtue of the authority gwen me in SAID
deed of trust. and in accordance with the
provisions &C said deed, viii. on Thurs
day the eighteenth day Of April. 1885, be-
tween the hours of twelve O'Clock m. ana
three o'clock D. m. of that day, at the
south front door OF the Court House (the
Joint City and County Buildingl, in the
City and County of Salt Lake. Territory
of Titan, proceed 10 sell and sell the
above described real estate a public auc-
ton 10 the highest bidder for cash in
hand. in order to pay said note and inter
est and the costs of this trust, or so much
sale being made, being thereunto duly au-
thorized by said deed, I shall make, exc
cute and deliver to the purchaser or pur-
chasers of said property a good and suf-
ficient deed or deeds. conveying all the
interest which said John n. Purcell and
Hannah K. Pursell, his wife or either OF
them had in and to the aforesaid real es-
tate on the sixteenth day of May, 1891,
and which 1 have and hold therein as
trustee aforesaid.
JOHN W. DONNELLAN,
Trustee under the provisions Of said
trust.
MARSHALL AND ROYLE. Attorneys.
Salt Lake City, Utah. March q, 1885.