The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-30

sell and Hannah r. Pursell. his wife. By
their certain deed OF trust, made and exc
cuted by them on the sixteenth day or
May; 1891, to Ford c. Barclay and John
William Young, then delivered and duly
recorded N the Recorders Office IN the
County Of Salt Lake and Territory Of
pages bot, did grant. bargain. convey
and confirm 20 the said Ford G. Barclay
and John. William Young. who are the
parties OF the second part in said deed:
certain property, situate in the County OF
Salt Lake and Territory of Utah known
ana described as follows, to-wit: The
$50, plat d." Salt Lake City survey;
which said conveyance was in trust to
secure the payment OF a certain prOTnis-
sorry note III words and figures following,
$l.oOO.Oo.
Salt Lake City. Utah. 10Th May, 1891.
Two years after date We promise to pay
to The Pacific Investment Company or
bearer, One Thousand and nOilG0 Dollars,
with interest at one per cent per month
irom date until paid, value received IN
terest payable quarter-annUaiy. Pay
able at the Office of The Pacific Invest
ment Company, Salt Lake City, Utah.
JOHN N PURSELLA
HANNAH r. PURSELb
And whereas, By endorsement of the
said note after the maturity thereof, Pay
ment OF said note Was extended 10 De-
cember 1st, 1858. and the interest thereon
reduced tO TO per cent. per annum from
May 10, 1885 subject, however 10 the
terms and conditions of said deed or
trust. And whereas, It was provided in
said deed of trust among other things,
But should default be made in the pay
ment of said note or of the interest thaS
may accrue thereon, or any part thereof
as the same becomes due and payable or
in case of the breach of any Of the cove
nantS herein contained, then this deed
shall 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 absence
from Salt Lake City, or refusal to act. or
other disqualification for the performance
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
V1vor of them TO the title 10 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 &c
sell said described property or any part
thereof at public vendue. 10 the highest
bidder for cash. And whereas, the said
pron1issory note, together with all inter-
est thereon, from August is. 1885 at the
rate or ten per cent. per annuIn until this
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 under
signed, John W. Donnellan, is ROW the
Treasurer of The Pacific Investment Com
pany, and by the terms and conditions OF
said deed of trust has become the success
ser OF said trustees 50 absent from the
City of Salt Lake and so disqualified u
act as such trustees. and as such success
sOr has become fully vested with all tbs
powers. duties and obligations Of said
trustees. Now therefore. l, the under
signed. John ". DOnnellan. trustee 81
aforesaid. a { 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 uno
provisions Of said deed, will. on Thurs
day, the eighteenth day OF April, 1880, be-
tween the hours Of twelve o'clock m. and
three o clOck p. m. of that day, at the
south front door of the Court House (tE
Joint City and County Building), in the ,
City and County of Salt Lake, Territory
of Utah, proceed 10 sell and sell the
above described real estate at public auc-
ton to 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
thereof as it may pay; and apon such
sale being made, being thereunto duly au-
thorlzed 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 2. Pursen, his wife, or either OF
them had in and to the aforesaid real es-
tate on the sixteenth day OF May. 1891.
and which I 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 p. 1895